Cost is estimated as a task item at the lower level and then it is aggregated to the higher level in the WBS.
 |
| Cost of Aggregation |
Process Group | Knowledge Area | Activity |
Planning | Project Cost Mgmt. | Determine Budget |
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.
Interpersonal And Team Skills Tools Description These skills are used to effectively lead and interact with team members and other stakeholders. There are around 17 important interpersonal and team skills techniques that you should aware of. Tools Active listening Communication styles assessment Conflict management Cultural awareness Emotional intelligence Facilitation Influencing Leadership Meeting management Motivation Negotiation Networking…
Description Nonverbal It is a mode of communication using body language with gestures, tone, voice, and facial expressions. An astute project manager is expected to take the non-verbal cues from the team members, vendors, customers, partners, and all the stakeholders more seriously, as often they are as important as (or sometimes more important than) the spoken or…
Description An analytical technique that uses historical data to predict future results of project parameters. It belongs to the tool category – Data analysis Where it is Used Process Groups Monitoring & ControllingClosing Knowledge Areas Project Integration Mgmt.Project Cost Mgmt.Project Procurement Mgmt.Project Resource Mgmt.Project Schedule Mgmt. Activities Control CostsMonitor and Control Project WorkControl ProcurementsControl ResourcesControl ScheduleControl ScopeClose Project or Phase Process Group Knowledge…
Description It is the process of recognizing and rewarding desirable behaviors in an organization. It is used in (Human) Resource Management during the Executing phase while developing the team. The main rationale behind this to make the employee feel appreciated for the work he or he is doing. It is usually part of the HR policy…
Description The act of collecting and distributing information to the stakeholders at an appropriate level, format, and with the relevant details. 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 the project management. Knowledge Areas This tool is used in the following Knowledge Areas…
Decision Making Tools Description This technique is used to select a course of action from multiple alternatives. There are 4 important decision making techniques. Tools Autocratic decisionmaking Multicriteria decision analysis Prioritization/ranking Voting Related Posts: Interpersonal & Team Skills – PMP Tools Data Representation – PMP Tools Data Gathering – PMP Tools Data Analysis – PMP Tools Communication…
