It is a strategy that is used to develop a response in advance and is used when a specific trigger occurs for a risky event.
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| Contingent Response Strategies |
Process Group | Knowledge Area | Activity |
Planning | Project Risk Mgmt. | Plan Risk Responses |
Kailash B is a project management expert. He is passionate about helping people to excel in project and product management, become PMP certified, and progress in their management careers.
Description Quality Improvement Methods It is the method of improving quality based on the findings and recommendations from the quality control process and the quality audits, using tools tike Six Sigma and PDCA. It is used in Quality Management during the execution process of the project. It is an independently-used project management tool. Where it is Used Process Groups Executing Knowledge…
Description Communication technology is critical in addressing team development issues. It contributes to the creation of a harmonious environment for the colocated team as well as a better understanding among the members of the virtual team, particularly those working in different time zones. Examples of communication technology that could be used – Portal that is shared. For…
Description Design for X Design for X (DfX) is a set of technical guidelines that may be applied during the design of a product for the optimization of a specific aspect of the design. It is an independently-used project management tool. Where it is Used Process Groups Executing Knowledge Areas Project Quality Mgmt. Activities Manage Quality Process Group Knowledge Area Activity Executing…
Description The techniques that are used to deal with a project risk (negative or positive). There are different types of responses to a risk namely – Avoid/Exploit, Transfer / Share, Mitigate / Enhance, and Accept. It is an independently-used project management tool. Where it is Used Process Groups This tool is used in the following Process Group(s) during…
Description Parametric Estimating A technique that is used to calculate the cost, budget, effort, and time (duration) based on project parameters. Example – Let us say, you are a project manager for a project that is working on a statewide electric transmission setup. Your project requires running electric cables of 200 KM. You have a team of…
Description It is the process of analyzing the information collected about the characteristics, usage, and other relevant aspects of the product. Product Analysis It sounds similar to Process Analysis but it is a different technique. Product Analysis is used for Scope Management.Process Analysis is used for Quality Management. It involves asking questions that would help decide the characteristic…
