Communication Skills Tools
Description
There are 4 important tools in this category of tools. They the concern with the transfer of information among the stakeholders.
Tools
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CHECKLISTS – PMP Tools and Techniques
Description If you’re looking for a way to streamline your project management process, then you should definitely consider using checklists. Checklists can help you keep track of all the different tasks that need to be completed, and they can also help ensure that all team members are on the same page. The Project Management Body of Knowledge (PMBOK)…
Network Diagrams
Network Diagram A Network Diagram is a visual picture of a project’s tasks and how they relate to each other. It can also be called an action network diagram or a critical path network diagram. Network maps are made to help project managers see the timeline and find the critical path, which is the order of tasks…
Decomposition
Decomposition In the context of solving problems, decomposition is the process of breaking a big problem down into smaller, easier-to-solve parts. This method is often used in computer programming, engineering, and other fields where solving problems is an important part of the job. The idea of decomposition is to make the problem easier to solve by breaking…
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Internal Rate Of Return (IRR)
Internal Rate of Return (IRR) The International Rate of Return (IRR) is a financial measure used to figure out the rate of return on a property that uses more than one currency. It looks at the value of money over time and the exchange rates between the country where the investment is made and the country where…
Charter
Project Charter In project management, a charter is a formal document that explains a project’s purpose, scope, goals, and who is involved in it. The charter gives a high-level overview of the project and tells the project team what they need to do throughout the lifecycle of the project. Typically, a project charter has the following parts:…
Volatility
Volatility Volatility is a term used in project management to describe how uncertain, unpredictable, or different the project’s requirements, scope, timeline, or resources are. Volatility can come from many different places, like when business priorities, market conditions, customer needs, or government regulations change. Volatility can have a big effect on the success of a project because it…
