Process Group | Knowledge Area | Activity |
Monitoring & Controlling | Project Risk Mgmt. | Monitor Risks |
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.
Description Negotiation A leadership skill that is used to achieve support or agreement and resolve conflicts in a project. The negotiation can be done one to be done with a team. It is an important skill that must be honed by a Project Manager. It is used in procurement management to negotiate the contract terms and win…
Description Historical Information Review It is a process of reviewing the data from the project files, records, correspondence, closed contracts, and closed projects. It is an independently-used project management tool. Where it is Used Process Groups Planning Knowledge Areas Project Cost Mgmt. Activities Determine Budget Process Group Knowledge Area Activity Planning Project Cost Mgmt. Determine Budget Kailash B, MBA, PMP®Copyrights Reserved (MyPMP)…
Description Histogram It is a bar chart showing the numerical data in a graphical manner. It belongs to the tool category – Data representation Where it is Used Process Groups ExecutingMonitoring & Controlling Knowledge Areas Project Quality Mgmt. Activities Manage QualityControl Quality Process Group Knowledge Area Activity Executing Project Quality Mgmt. Manage Quality Monitoring & Controlling Control Quality Kailash B, MBA, PMP®Copyrights…
Description The techniques that are used to deal with an opportunity (a positive risk). There are five types of response to an opportunity namely – Escalate, Exploit, Share, Enhance, and Accept. It is an independently-used project management tool. Where it is Used Process Groups This tool is used in the following Process Group(s) during the project management…
Description Alternative Analysis The PMBOK defines alternatives analysis as “the process of determining and evaluating different course options or solutions to achieve the objectives of the project.” In other words, it’s all about finding the best way to get the job done. There are a few different ways to approach alternatives analysis. One is to simply list out…
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…
