The Measurement Performance Domain is concerned with the activities and tasks associated with evaluating project performance and taking required steps to maintain acceptable performance. It deals with the following areas.
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Risk Sharing Risk sharing is a way to deal with risks that involve splitting the risks of a project, activity, or decision with someone else. The goal of risk sharing is to divide the cost of managing risk between two or more parties, rather than having one party take on all of the risk’s costs. In risk…
Sensitivity Analysis Sensitivity analysis is a method used in project management to figure out how the results of a project will change if assumptions or variables change. It involves trying out different scenarios and changing the project’s parameters to find the most important things that affect the project and figure out how they might affect the project’s…
Lessons Learned Lessons learned is a part of project management that involves looking back on the successes and problems of a project and writing them down. The goal of the lessons learned process is to find out where the project team did well and where they could do better for future projects. Most of the time, the…
Scatter Diagram A Scatter Diagram, also called a scatter plot, is a picture that shows how two factors relate to each other. It is often used in data analysis and quality control to see how two sets of data relate to each other. Each point in a scatter map is a single observation or piece of data….
Cross-Cultural Communication Cross-cultural conversation is when two or more people or groups from different cultures talk to each other. To communicate well across cultures, you need to understand and be sensitive to differences in language, habits, values, and views, as well as other things. Here are some important things to think about when communicating across cultures: Cultural…
Project A project is a short-term effort that is meant to reach a certain goal or objective. It is usually a one-of-a-kind project that needs a set of well-coordinated activities and resources to be finished on time and on budget. Projects can range in size and level of difficulty, from simple tasks like planning an event to…
