Description

Prototypes are built to support a method where a small model of the product is built to obtain the early feedback from the stakeholders and initiate a more tangible discussion that can help build the final product.
It is an independently-used project management tool.

Where it is Used

Process Groups
Planning
Knowledge Areas
Project Scope Mgmt.
Activities
Collect Requirements
Process Group
Knowledge Area
Activity
Planning
Project Scope Mgmt.
Collect Requirements
PMP Math PMP Tools

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Kailash B is a project management expert. He is passionate about helping people to excel in project and product management, become PMP certified, and progress in their management careers.

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Knowledge Areas There are 10 Knowledge Areas as per the PMBOK guide.  Project Integration  Management Develop Project Charter Develop Project Management Plan Direct and Manage Project Work Manage Project Knowledge Monitor and Control Project Work Perform Integrated Change Control Close Project or Phase   Project Scope Management Plan Scope Management Collect Requirements Define Scope Create WBS Validate…

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Description   Cost-benefit Analysis It is a financial analysis tool used to determine the benefits vs. cost.  It belongs to the tool category – Data analysis  Where it is Used  Process Groups Monitoring & ControllingPlanning Knowledge Areas Project Integration Mgmt.Project Resource Mgmt.Project Quality Mgmt.Project Risk Mgmt. Activities Plan Quality ManagementPlan Risk ResponsesMonitor and Control Project WorkPerform Integrated Change ControlControl Resources  Process Group…

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