Description  Otherwise known as Position Descriptions or Role-Responsibility-Authority forms, it is a document detailing the roles and responsibilities of a team member of the project. 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 Planning Knowledge Areas This tool…
Description  The techniques that are used to deal with a project risk (negative or positive). There are different types of responses to a risk namely – Avoid/Exploit, Transfer / Share, Mitigate / 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…
Description  It is a comparative analysis of achieved technical performance of a project as compared to the expected technical performance.It belongs to the tool category – Data analysis  Where it is Used  Process Groups Monitoring & Controlling Knowledge Areas Project Risk Mgmt.  Activities Monitor Risks Process Group Knowledge Area Activity Monitoring & Controlling Project Risk Mgmt. Monitor Risks     Kailash B, MBA,…
Description  It is an analytical technique to evaluate which individual risks or uncertainties have the maximum impact on the project objectives. 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 Planning Knowledge Areas This tool is used in the…
Description Risk probability assessment talks about assessing the likelihood of the risk. Risk impact assessment talks about the impact related to the finance, time, resource, scope, and performance of the project. It belongs to the tool category – Data Analysis  Where it is Used  Process Groups This tool is used in the following Proces Group(s) during the project…
Description  Three-Point Estimating is a technique used to estimate cost or duration of an activity by applying an average or weighted average of optimistic (O), pessimistic (P), and most likely (M) estimates when there is uncertainty with the individual activity estimates. E = (O + M + P) / 3. It is an independently-used project management tool.  …
ByKailash Behera, MBA, PRINCE2®, PMP®
Communications Management, Cost Management, Human Resource Management, Key PMP Tools, PMBOK, PMP Certification, PMP Knowledge Areas, PMP Tools & Techniques, Procurement Management, Project Integration Management, Project Management Professional, Quality Management, Risk Management, Scope Management, Stakeholder Management, Time Management
Knowledge Areas There are 10 Knowledge Areas as per the PMBOK guide. Project Integration Management Develop Project Charter Develop Project Management Plan Direct and Manage Project Work Manage Project Knowledge Monitor and Control Project Work Perform Integrated Change Control Close Project or Phase  Project Scope Management Plan Scope Management Collect Requirements Define Scope Create WBS Validate…
Description  It is the act of evaluation and analysis of various scenarios and their effect on the project objectives. Usually, Schedule Network Analysis is done to see the impact of these possible scenarios on the project schedule. Example –  As I am writing thing article there is a prevailing Covid-19 situation worldwide that has impacted many businesses in terms…
