PLAN RISK RESPONSES – PMP (PMBOK)

PLAN RISK RESPONSES – PMP (PMBOK)

Description   It is the process of coming up with options, strategies, and actions to deal with the risk risks, and handle risk exposure of the project. It is used in the Planning Process Group and in the Risk Mgmt Knowledge Area.  Process Group This activity is done in the following Process Group(s) during the project management….

PLAN RISK MANAGEMENT – PMP (PMBOK)

PLAN RISK MANAGEMENT – PMP (PMBOK)

Description   It is the process of carrying out the initial work of planning the risk management strategy for the project. It is used in the Planning Process Group and in the Risk Mgmt Knowledge Area.  Process Group This activity is done in the following Process Group(s) during the project management. Planning  Knowledge Area This activity is…

MONITOR COMMUNICATIONS – PMP (PMBOK)

MONITOR COMMUNICATIONS – PMP (PMBOK)

Description   It is the process of making sure that all the information needs of the project team members and all other stakeholders are met. It is used in the Monitoring & Controlling Process Group and in the Communications Mgmt Knowledge Area.  Process Group This activity is done in the following Process Group(s) during the project management….

PLAN RESOURCE MANAGEMENT – PMP (PMBOK)

PLAN RESOURCE MANAGEMENT – PMP (PMBOK)

Description   It is the process of estimating, acquiring, managing, and utilizing the resources in a project. It is used in the Planning Process Group and in the Resource Mgmt Knowledge Area.  Process Group This activity is done in the following Process Group(s) during the project management. Planning  Knowledge Area This activity is done in the following…

ESTIMATE COSTS – PMP (PMBOK)

ESTIMATE COSTS – PMP (PMBOK)

Description   It is the process of estimating the cost of project activities. It is the approximation of monetary resources needed to carry out the project tasks. It is used in the Planning Process Group and in the Cost Mgmt Knowledge Area.  Process Group This activity is done in the following Process Group(s) during the project management….

ESTIMATE ACTIVITY RESOURCES – PMP (PMBOK)

ESTIMATE ACTIVITY RESOURCES – PMP (PMBOK)

Description   It is the process of estimating team members and materials, equipment, and supplies needed for the project work. It is used in the Planning Process Group and in the Resource Mgmt Knowledge Area.  Process Group This activity is done in the following Process Group(s) during the project management. Planning  Knowledge Area This activity is done…

ESTIMATE ACTIVITY DURATIONS – PMP (PMBOK)

ESTIMATE ACTIVITY DURATIONS – PMP (PMBOK)

Description   It is the process of estimating the duration of time it takes to the assigned resources to complete the tasks in the project. It is used in the Planning Process Group and in the Schedule Mgmt Knowledge Area.  Process Group This activity is done in the following Process Group(s) during the project management. Planning  Knowledge…

MONITOR RISKS – PMP (PMBOK)

MONITOR RISKS – PMP (PMBOK)

Description   It is the process of monitoring the implementation of the risk response as per the risk response plan and response strategy agreed upon earlier. It includes monitoring the risks already identified, identifying and analyzing new risks, and evaluating the effectiveness of implementing risk response management throughout the project. It is used in the Monitoring &…