Description  Probability and Impact Matrix It a tabular presentation of the probability of occurrence of the opportunities and threats against the impacts they may cause (both positive and negative) on the cost, time, and scope.The probability of occurrence and the impact can be presented as Very High, High, Medium, Low, Very Low, or their equivalent numerical…
Description  It is the process of recognizing and rewarding desirable behaviors in an organization. It is used in (Human) Resource Management during the Executing phase while developing the team. The main rationale behind this to make the employee feel appreciated for the work he or he is doing. It is usually part of the HR policy…
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   It is a statistical technique used in project management, in which the relationships between a series of input variables and the corresponding outputs are analyzed.  It is used in the Closing phase of the project. It helps understand why a project performed in a certain way. It can provide information to come up with…
Description It is a written set of questions used to collect information from respondents who might be geographically dispersed, for a quick turn around with a statistical analysis of the responses. It belongs to the tool category – Data gathering Where it is Used Process Groups InitiatingPlanningMonitoring & Controlling Knowledge Areas Project Stakeholder Mgmt.Project Quality Mgmt.Project Scope Mgmt. Activities Identify StakeholdersCollect RequirementsControl Quality …
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 process of reviewing proposals mostly used in supporting contracts and deciding awards. Whereas simple procurements may require just checking against the SOW and price comparison of different vendors, complex procurements are doing by several rounds of evaluations. The proposals are generally rated and scored using Source Selection Criteria. Some of the important elements of these…
Description  A technique to compare the actual performance against the baseline or planned performance. It belongs to the tool category – Data analysis Where it is Used  Process Groups Monitoring & Controlling Closing Knowledge Areas Project Integration Mgmt.Project Cost Mgmt.Project Schedule Mgmt.Project Scope Mgmt. Activities  Control Costs Monitor and Control Project Work Control Schedule Control Scope Close Project…
