Description

Risk probability assessment talks about assessing the likelihood of the risk. Risk impact assessment talks about the impact related to the finance, time, resource, scope, and performance of the project.
 
It belongs to the tool category – Data Analysis
 
 

Where it is Used

 
Process Groups
 

This tool is used in the following Proces Group(s) during the project management

Planning
 
Knowledge Areas

This tool is used in the following Knowledge Areas during the project management

Project Risk Mgmt.
 
Activities

This technique is used while performing the following project management activities by the project manager and the team 

Perform Qualitative Risk Analysis
 
Process Group
Knowledge Area
Activity
Planning
Project Risk Mgmt.
Perform Qualitative Risk Analysis
 
 
 
 
Copyrights Reserved – MyPMP
www.mypmp.me

Related Posts:

  1. WHAT-IF SCENARIO ANALYSIS – PMP Tools and Techniques
  2. STAKEHOLDER ENGAGEMENT ASSESSMENT MATRIX – PMP Tools and Techniques
  3. STAKEHOLDER ANALYSIS – PMP Tools and Techniques
  4. SWOT ANALYSIS – PMP Tools and Techniques
  5. RISK DATA QUALITY ASSESSMENT – PMP Tools and Techniques
  6. REGRESSION ANALYSIS – PMP Tools and Techniques
  7. PROCESS ANALYSIS – PMP Tools and Techniques
  8. MAKE-OR-BUY ANALYSIS – PMP Tools and Techniques
  9. DOCUMENT ANALYSIS – PMP Tools and Techniques
  10. COST-BENEFIT ANALYSIS – PMP Tools and Techniques
  11. COST OF QUALITY – PMP Tools and Techniques
  12. ASSUMPTION AND CONSTRAINT ANALYSIS – PMP Tools and Techniques

Kailash B is a project management expert. He is passionate about helping people to become PMP certified and excel in their careers. He has 2 decades of experience in the field of IT project management.
A post-graduate in business management and both PMP® & PRINCE2® certified, Kailash is an active contributor to the Project Management Institute. He is the Founder of MyPMP Academics a, leading organization with the prime motive to help people grow in project management.

Similar Posts

SCATTER DIAGRAMS – PMP Tools and Techniques

SCATTER DIAGRAMS – PMP Tools and Techniques

ByKailash B MBA PMP Data Representation Tools, PMP Tools & Techniques

Description   It is a graph that shows the relationships between two variables in visual representation using Cartesian coordinates. It belongs to the tool category – Data representation   Where it is Used   Process Groups   This tool is used in the following Process Group(s) during the project management Executing Monitoring & Controlling   Knowledge Areas This tool…

ACTIVE LISTENING – PMP Tools and Techniques

ACTIVE LISTENING – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® Interpersonal & Team-skills Tools, PMP Tools & Techniques

Description Active listening is a communication technique that requires the listener to fully engage with the speaker, and to understand, interpret, and respond to what is being said. It is an important skill in any context, but especially in project management, where effective communication is essential to successful outcomes. The PMBOK (Project Management Body of Knowledge) defines…

INDIVIDUAL AND TEAM ASSESSMENTS – PMP Tools and Techniques

INDIVIDUAL AND TEAM ASSESSMENTS – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® General PMP Tools, Key PMP Tools, PMP Tools & Techniques

Description Individual & Team Assessments This tool is used to help assess the strengths and weaknesses of the team members.  It is an independently-used project management tool.  Where it is Used  Process Groups Executing Knowledge Areas Project Resource Mgmt. Activities Develop Team  Process Group Knowledge Area Activity Executing Project Resource Mgmt. Develop Team  Kailash B, MBA, PMP® Related Posts: SOURCE SELECTION ANALYSIS…

INTERVIEWS – PMP Tools and Techniques

INTERVIEWS – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® Data Gathering Tools, PMP Tools & Techniques

Description Interviews It is a formal or informal method to elicit information by talking directly usually in a private environment.  It belongs to the tool category – Data gathering  Where it is Used Process Groups InitiatingPlanning Knowledge Areas Project Integration Mgmt.Project Quality Mgmt.Project Risk Mgmt.Project Scope Mgmt. Activities Develop Project CharterDevelop Project Management PlanPlan Quality ManagementIdentify RisksPerform Qualitative Risk AnalysisPerform Quantitative Risk…

MATRIX DIAGRAMS – PMP Tools and Techniques

MATRIX DIAGRAMS – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® Data Representation Tools, PMP Tools & Techniques

Description This is a specific diagram with rows and columns that may come in several shapes – L, T, Y, X, C & Roof that is used to find the strength of relationships among causes, objectives, and other factors. Matrix Diagrams  It belongs to the tool category – Data representation  Where it is Used  Process Groups PlanningExecuting Knowledge Areas Project…

VARIANCE ANALYSIS – PMP Tools and Techniques

VARIANCE ANALYSIS – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® Data Analysis Tools, PMP Tools & Techniques

Description  A technique to compare the actual performance against the baseline or planned performance. It belongs to the tool category – Data analysis  Where it is Used   Process Groups Monitoring & Controlling Closing Knowledge Areas Project Integration Mgmt.Project Cost Mgmt.Project Schedule Mgmt.Project Scope Mgmt. Activities   Control Costs  Monitor and Control Project Work  Control Schedule  Control Scope  Close Project…

Leave a Reply

Your email address will not be published. Required fields are marked *