General Project Management Tools Description Apart from the designated set of tools mostly used for communication, data analysis, decision making, etc, there are several other very important tools and techniques that a project manager should master. There are around 66 such tools and techniques available to be used. Tools Advertising Agile release planning Alternatives analysis Analogous…
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…
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…
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 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 a set of criteria set by the buyer of a product or service that has to be met by the seller. In the procurement process, the bidders are evaluated by this process. Some popular methods include – Least CostQualifications OnlyQuality-basedHighest Technical Proposal ScoreQuality and Cost BasedSole SourceFixed Budget. It is an independently-used project management tool. Where…
Description It is a technique to identify early start, early finish, late start, and late finish dates of project activities. A schedule is prepared and subsequently modified by using one or more of the following techies. Schedule Compression Critical Path Method Critical Chain Method Resource Optimization It is an independently-used project management tool. Where it is Used It briefly…
