TREND ANALYSIS – PMP Tools and Techniques

TREND ANALYSIS – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® Data Analysis Tools, PMP Tools & Techniques

Description An analytical technique that uses historical data to predict future results of project parameters. It belongs to the tool category – Data analysis  Where it is Used  Process Groups Monitoring & ControllingClosing Knowledge Areas Project Integration Mgmt.Project Cost Mgmt.Project Procurement Mgmt.Project Resource Mgmt.Project Schedule Mgmt. Activities Control CostsMonitor and Control Project WorkControl ProcurementsControl ResourcesControl ScheduleControl ScopeClose Project or Phase  Process Group Knowledge…

PROMPT LISTS – PMP Tools and Techniques

PROMPT LISTS – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® General PMP Tools, Key PMP Tools, PMP Tools & Techniques

Description  It is a list of risk categories mostly used as a source of information for evaluating the overall project risk and used as a framework to help the project team in idea generations. It is similar to a checklist of risk categories (check Risk Categorization) that is used to identify individual and project risks.  Some of the strategies…

PRODUCT ANALYSIS – PMP Tools and Techniques

PRODUCT ANALYSIS – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® General PMP Tools, Key PMP Tools, PMP Tools & Techniques

Description It is the process of analyzing the information collected about the characteristics, usage, and other relevant aspects of the product. Product Analysis It sounds similar to Process Analysis but it is a different technique. Product Analysis is used for Scope Management.Process Analysis is used for Quality Management. It involves asking questions that would help decide the characteristic…

PROJECT REPORTING – PMP Tools and Techniques

PROJECT REPORTING – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® General PMP Tools, Key PMP Tools, PMP Tools & Techniques

Description The act of collecting and distributing information to the stakeholders at an appropriate level, format, and with the relevant details. 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. Knowledge Areas This tool is used in the following Knowledge Areas…

PROCESS ANALYSIS – PMP Tools and Techniques

PROCESS ANALYSIS – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® Data Analysis Tools, PMP Tools & Techniques

Description It is an analysis of the problems, constraints, non-value-added activities to identify opportunities for process improvement. It is not the same as a Quality Audit though it sounds similar. In an Audit, it is checked whether a project follows a defined process, but Proces Analysis, it s examined to know the cause of the issues in the…

PRIORITIZATION / RANKING – PMP Tools and Techniques

PRIORITIZATION / RANKING – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® Decision Making Tools, PMP Tools & Techniques

Description It is a decision-making technique in which the stakeholder requirements are prioritized and ranked usually based on the influence of the stakeholder and the urgency of a need. It is used for stakeholder management in the planning phase.  It belongs to the tool category – Decision Making  Where it is Used  Process Groups This tool is used…

PRECEDENCE DIAGRAMMING METHOD – PMP Tools and Techniques

PRECEDENCE DIAGRAMMING METHOD – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® General PMP Tools, Key PMP Tools, PMP Tools & Techniques

Description PDM – Copyrights MyPMP It is a schedule modeling technique where the activities are presented at the nodes and linked through logical relationships.  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 following Knowledge Areas during project management. Project…

RISK CATEGORIZATION – PMP Tools and Techniques

RISK CATEGORIZATION – PMP Tools and Techniques

ByKailash Behera, MBA, PRINCE2®, PMP® General PMP Tools, Key PMP Tools, PMP Tools & Techniques

Description  It is a technique used for grouping individual risks. Categories of risk help identify the common areas of risk. Often project managers and PMOs have a pre-defined list of cateries of risks based on the information of past projects to easily identify the risks. The following are some common risk categories on the basis of the…