 |
| Financing |
It is about acquiring the required funding for the project in order to sustain it throughout its life cycle.
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.
Description Advertising is the process of creating and placing ads in media to promote a product, service, or brand. The advertising industry has changed dramatically over the past few decades, thanks to advances in technology and data analytics. Today, businesses of all sizes can use sophisticated tools to target their ads to specific audiences and measure their…
Description Inspection Inspection is a formal examination of a piece of work. It is an independently-used project management tool. Where it is Used Process Groups Monitoring & Controlling Knowledge Areas Project Procurement Mgmt.Project Quality Mgmt.Project Scope Mgmt. Activities Control ProcurementsControl QualityValidate Scope Process Group Knowledge Area Activity Monitoring & Controlling Project Procurement Mgmt. Control Procurements Project Quality Mgmt. Control Quality Project Scope…
Description Influence Diagrams An influence diagram presents a project situation with several entities, outcomes, relationships, and influences. It helps in decision making under constrained situations. It belongs to the tool category – Data analysis Where it is Used Process Groups Planning Knowledge Areas Project Risk Mgmt. Activities Perform Quantitative Risk Analysis Process Group Knowledge Area Activity Planning Project Risk Mgmt. Perform Quantitative…
Description It is a statistical technique used in project management, in which the relationships between a series of input variables and the corresponding outputs are analyzed. It is used in the Closing phase of the project. It helps understand why a project performed in a certain way. It can provide information to come up with…
Description Bottom-up estimating is a technique used to estimate the cost and effort of a project by starting with the individual tasks and working up to the total project cost (or effort). This technique is often used in conjunction with top-down estimating, which starts with the overall project cost and breaks it down into individual tasks. The most…
Description SWOT Analysis The technique that analyzes the project, option, or an organization from the following 4 sides. 1. Strengths (S) It includes the areas in which the organization or project is very good. 2. Weaknesses (W) These are the areas where the organization or the project suffers. 3. Opportunities (O) These are the avenues where…
