Description  This technique is mostly used in quantitative risk analysis where the project duration, cost, resource requirement, and scope are uncertain for a planned activity. The variables are generally presented as the ranges of values and plotted as a probability distribution graph for analysis. It is an independently-used project management tool. Where it is Used  Process Groups This…
Description Quality Improvement Methods It is the method of improving quality based on the findings and recommendations from the quality control process and the quality audits, using tools tike Six Sigma and PDCA. It is used in Quality Management during the execution process of the project. It is an independently-used project management tool. Where it is Used Process Groups Executing Knowledge…
Description  It is a list of risk categories mostly used as a source of information for evaluating the overall project risk and used as a framework to help the project team in idea generations. It is similar to a checklist of risk categories (check Risk Categorization) that is used to identify individual and project risks.  Some of the strategies…
Description It is the process of analyzing the information collected about the characteristics, usage, and other relevant aspects of the product. Product Analysis It sounds similar to Process Analysis but it is a different technique. Product Analysis is used for Scope Management.Process Analysis is used for Quality Management. It involves asking questions that would help decide the characteristic…
Description The act of collecting and distributing information to the stakeholders at an appropriate level, format, and with the relevant details. 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. Knowledge Areas This tool is used in the following Knowledge Areas…
Description PDM – Copyrights MyPMP It is a schedule modeling technique where the activities are presented at the nodes and linked through logical relationships. Where it is Used  Process Groups This tool is used in the following Process Group(s) during the project management. Planning Knowledge Areas This tool is used in the following Knowledge Areas during project management. Project…
Description  It is a technique used for grouping individual risks. Categories of risk help identify the common areas of risk. Often project managers and PMOs have a pre-defined list of cateries of risks based on the information of past projects to easily identify the risks. The following are some common risk categories on the basis of the…
Description  It is an advance booking or recognition of project team members and resources. 1. It usually happens when bidding for a new project and identifying the team members and promised as part of the proposal to include the specific members to be part of the team. 2. It can also happen when the skill set of a…
