SCATTER DIAGRAMS – PMP Tools and Techniques

SCATTER DIAGRAMS – PMP Tools and Techniques

Description   It is a graph that shows the relationships between two variables in visual representation using Cartesian coordinates. It belongs to the tool category – Data representation   Where it is Used   Process Groups   This tool is used in the following Process Group(s) during the project management Executing Monitoring & Controlling   Knowledge Areas This tool…

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…

STATISTICAL SAMPLING – PMP Tools and Techniques

STATISTICAL SAMPLING – PMP Tools and Techniques

  Description   It is a statistical process where a part of a population of data points (items) are chosen to inspect in order to determine the quality of the entire population. It belongs to the tool category – Data gathering   Where it is Used  Process Groups This tool is used in the following Process Group(s) during…

STRATEGIES FOR OPPORTUNITIES – PMP Tools and Techniques

STRATEGIES FOR OPPORTUNITIES – PMP Tools and Techniques

Description   The techniques that are used to deal with an opportunity (a positive risk). There are five types of response to an opportunity namely – Escalate, Exploit, Share, Enhance, and  Accept. 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…

STAKEHOLDER MAPPING – PMP Tools and Techniques

STAKEHOLDER MAPPING – PMP Tools and Techniques

Description   It is a data representation technique of categorizing stakeholders using various methods. It belongs to the tool category – Data representation   Where it is Used  Process Groups  This tool is used in the following Process Group(s) during the project management Initiating Knowledge Areas  This tool is used in the following Knowledge Areas during the project management Project…

STAKEHOLDER ENGAGEMENT ASSESSMENT MATRIX – PMP Tools and Techniques

STAKEHOLDER ENGAGEMENT ASSESSMENT MATRIX – PMP Tools and Techniques

 It is a matrix that compares the current level of engagement of the stakeholders as compared to the desired level of engagement. 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 project management PlanningMonitoring & Controlling  Knowledge Areas This tool is…