MEETINGS – PMP Tools and Techniques

MEETINGS – PMP Tools and Techniques

Description Meetings Meetings in Project Management are used to discuss the plan, approach, execute, monitor, and control the project. It is one of the most widely used tools that is used in all 5 Process Groups and 10 Knowledge Areas.  It is an independently-used project management tool.  Where it is Used  Process Groups Initiating Planning Executing Monitoring…

MEETING MANAGEMENT – PMP Tools and Techniques

MEETING MANAGEMENT – PMP Tools and Techniques

Description Meeting Management It is a process of ensuring that the objectives of the meeting are met efficiently and effectively. It is carried out by the project manager by doing some tasks, for example by sending the meeting agenda prior to the commencement of the meeting, taking minutes during the meeting, and doing follow-up after the meeting….

MATRIX DIAGRAMS – PMP Tools and Techniques

MATRIX DIAGRAMS – PMP Tools and Techniques

Description This is a specific diagram with rows and columns that may come in several shapes – L, T, Y, X, C & Roof that is used to find the strength of relationships among causes, objectives, and other factors. Matrix Diagrams  It belongs to the tool category – Data representation  Where it is Used  Process Groups PlanningExecuting Knowledge Areas Project…

MARKET RESEARCH – PMP Tools and Techniques

MARKET RESEARCH – PMP Tools and Techniques

Description Market Research This technique is about analyzing and examining industry and seller capabilities. It is used by the procurement teams to analyze the sellers based on information gained from conferences, online reviews, and several other sources.  It belongs to the tool category – Data gathering  Where it is Used  Process Groups Planning  Knowledge Areas Project Procurement Mgmt.  Activities Plan Procurement Management …

MAKE-OR-BUY ANALYSIS – PMP Tools and Techniques

MAKE-OR-BUY ANALYSIS – PMP Tools and Techniques

Description   Make or Buy Analysis This technique involves analyzing data about product requirements and comparing the alternatives between buying and manufacturing. It belongs to the tool category – Data analysis  Where it is Used Process Groups Planning Knowledge Areas Project Procurement Mgmt. Activities Plan Procurement Management  Process Group Knowledge Area Activity Planning Project Procurement Mgmt. Plan Procurement Management   Kailash B, MBA,…

LOGICAL DATA MODEL – PMP Tools and Techniques

LOGICAL DATA MODEL – PMP Tools and Techniques

Description  It is a visual presentation of a large amount of data in an organization and it is technology agnostic. It shows the organization’s key entities, their attributes, and the underlying relationships among the entities.  It belongs to the tool category – Data representation Logical Data Model   Where it is Used  Process Groups Planning Knowledge Areas Project Quality Mgmt.  Activities Plan…

LEADS AND LAGS – PMP Tools and Techniques

LEADS AND LAGS – PMP Tools and Techniques

Description It is the amount of time a successor task can be advanced with respect to a preceding task. It is an independently-used project management tool. Leads & Lags Where it is Used  Process Groups PlanningMonitoring & Controlling Knowledge Areas Project Schedule Mgmt. Activities Develop ScheduleSequence ActivitiesControl Schedule  Process Group Knowledge Area Activity Planning Project Schedule Mgmt. Develop Schedule Sequence Activities Monitoring &…

LEADERSHIP – PMP Tools and Techniques

LEADERSHIP – PMP Tools and Techniques

Description Leadership It is the skill and behavior that helps motivate, guide and direct a team to achieve a goal.  It belongs to the tool category – Interpersonal and team skills  Where it is Used  Process Groups ExecutingMonitoring & Controlling Knowledge Areas Project Integration Mgmt.Project Resource Mgmt.Project Stakeholder Mgmt. Activities Manage Project KnowledgeManage TeamMonitor Stakeholder Engagement  Process Group Knowledge Area Activity Executing…