Description

Where it is Used
Process Group
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Knowledge Area
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Activity
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Planning
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Project Scope Mgmt.
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Collect Requirements
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Process Group
|
Knowledge Area
|
Activity
|
Planning
|
Project Scope Mgmt.
|
Collect Requirements
|
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 It is a statistical process where a part of a population of data points (items) are chosen to inspect in order to determine the quality of the entire population. It belongs to the tool category – Data gathering Where it is Used Process Groups This tool is used in the following Process Group(s) during…
Description 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. Contingent Response Strategies It is an independently-used project management tool. Where it is Used Process Groups Planning Knowledge Areas Project Risk Mgmt. Activities Plan Risk Responses Process Group Knowledge Area Activity Planning Project Risk Mgmt. Plan…
Description Iteration Burndown (Picture Source – Wikipedia) It is a chart to track the unfinished work in an iteration. A graph is plotted usually with the remaining work in the y-axis and time in the x-axis. It helps forecast the variance of actual burndown against the ideal burndown chart and forecast the expected burn down in the…
Description Check sheets are an important tool in project management and can be extremely helpful in keeping track of project progress. A check sheet is simply a document that lists all the necessary information about a project and is used to track progress and ensure that all tasks are completed on time. The PMBOK (Project Management Body…
Description It is a technique to identify early start, early finish, late start, and late finish dates of project activities. A schedule is prepared and subsequently modified by using one or more of the following techies. Schedule Compression Critical Path Method Critical Chain Method Resource Optimization It is an independently-used project management tool. Where it is Used It briefly…
Description Three-Point Estimating is a technique used to estimate cost or duration of an activity by applying an average or weighted average of optimistic (O), pessimistic (P), and most likely (M) estimates when there is uncertainty with the individual activity estimates. E = (O + M + P) / 3. It is an independently-used project management tool. …