A threshold is a certain level, point, or value that triggers a decision or action. It is a limit or boundary that defines a certain situation, state, or condition.
Thresholds can be used in many different fields, including project management, finance, science, medicine, technology, and more.
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It is used in monitoring and control and quality managment.
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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.
Resource Requirements Resource needs are about how many and what kind of resources are needed to finish a job. Some of these things are people, tools, materials, and buildings. The following steps can be done to figure out how many resources a project will need: Identify Project Tasks: Make a list of all the jobs or activities…
PMP Tools and Techniques The Project Management Institute (PMI) recommends an array of tools and techniques for project management in its PMBOK Guide. It is advised that you know the basics of all the tools including where they are used. I have made it as brief as it can be possible so that you can find it…
Theory X, Theory Y, and Theory Z Assumptions on employee conduct in the workplace are at the heart of three distinct management theories. These theories are X, Y, and Z. Douglas McGregor and William Ouchi popularized these theories, which offer different perspectives on how managers see and inspire their people. The seventh edition of the Project Management…
External Dependency An external dependency in project management is a link between a task in a project and something outside of the project that changes the start or end date of the task. This kind of dependency is also called a cross-functional dependency or an inter-project dependency. Dependencies on the outside world are usually caused by things…
Issue Log An issue log is a document or tool used in project management to keep track of and deal with issues or problems that come up during a project. It is also called a problem log, an exception log, or an issue register. The goal of an issue log is to give project team members a…
Product Management Product management is a part of an organisation that is in charge of making and taking care of a product or group of products over the course of their entire lifecycle. Product management includes a wide range of tasks, such as researching the market, designing the product, developing it, putting it on the market, and…
