Threshold
Usage
It is used in monitoring and control and quality managment.
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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.
Risk Transference Risk transference is a type of risk management that involves giving the risk of a certain activity or project to someone else, like an insurance company, a contractor, or a vendor. The goal of risk transference is to put the financial burden of managing a risk on someone else. In risk transference, the organisation that…
Flowchart A flowchart is a picture of a process or routine that shows the steps needed to finish a job by using different shapes and symbols. The plan helps you see how the whole process works and helps you find possible problems or places to improve. Here are the most popular images used to make flowcharts: Start/End…
Iteration Review Iteration Review is a method used in software development, especially in agile methods like Scrum, that looks at how an iteration or sprint is going and what it has accomplished. Usually, the review takes place at the end of the iteration and includes all relevant parties, such as the development team, the product owner, and…
Lesson Learned Register A lessons learned register is a document that keeps track of what a project, programme, or group of projects taught the team. It keeps track of a project’s successes, failures, and best practises. It also keeps track of any issues or problems that came up and what was done to fix them. The lessons…
Lessons Learned Register Once we complete a part or a complete project, we come across many situations where we realize we could have done it the other way around or done it better. We can learn from those shortcomings and record them so that they can be used in future projects. Lessons Learned Registers contain categories of…
Deliverable A deliverable is a tangible or intangible result of a project that is given to the project sponsor, client, or stakeholders. Deliverables are specific, measurable, and have a deadline. They are made to meet a certain project requirement or goal. Some examples of outputs in a project are the following: A project plan is a record…