CLOSE PROJECT OR PHASE – PMP Process Groups

CLOSE PROJECT OR PHASE – PMP Process Groups

Description   It is the process of finalizing the activities related to contracts and phases of a project. It is used in the Closing Process Group and in the Integration Mgmt Knowledge Area.  Process Group  Closing  Knowledge Area Project Integration Mgmt.  Tool   Tool Type Tool Data analysis Tool Document analysis Regression analysis Trend analysis Variance analysis…

SIMULATION – PMP Tools and Techniques

SIMULATION – PMP Tools and Techniques

Description  A technique to analyze the combined effects of project risks and other sources of uncertainties to evaluate the potential impact on the project objectives including scope, cost, time, and effort. Example – Monte Carlo Analysis. It is an independently-used project management tool. Where it is Used  Process Groups  This tool is used in the following Process Group(s)…

STAKEHOLDER ANALYSIS – PMP Tools and Techniques

STAKEHOLDER ANALYSIS – PMP Tools and Techniques

  Description   An analysis to produce a list of stakeholders along with their information relevant to them, i.e. position, role, stakes, attitudes, expectations, influence, and interest in the type of information. It belongs to the tool category – Data analysis   Where it is Used  Process Groups  This tool is used in the following Process Group(s) during the…

TEST AND INSPECTION PLANNING – PMP Tools and Techniques

TEST AND INSPECTION PLANNING – PMP Tools and Techniques

Description   It is about the activity in the planning phase related to the checking of a product or service by test or inspection in order to meet the stakeholder expectations and product specifications. 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…