Description  These strategies use the techniques to deal with the threats (the negative risks). There are five types of response strategies to the threats, namely – 1. Escalate2. Avoid3. Transfer4. Mitigate5. Accept. ESCALATE When the risk or the risk response plan is outside the project it can not be managed by the project manager. So it has…
Description  A team without meeting face to face, who may be physically located anywhere in the world, connected through communication technologies, working for a common goal in the project. It is used in Resource Management for team development and resource acquisition during the Executing phase. It is an independently-used project management tool. Where it is Used…
Description  TCPI (To-Complete Performance Index) is the ratio of outstanding cost of remaining work to the remaining budget. Usually calculated after the project starts to know the cost performance of the remaining work.It is used in Cost Management during Monitoring & Controlling phase.It is an independently-used project management tool. Where it is Used It briefly mentions…
Description  It is a competence building exercise that can be formal or informal can be done in the classroom, online, on-the-job from a team member, mentor, or coach. It is used in Resource Management for team development during the Executing phase. It is an independently-used project management tool.  Where it is Used It briefly mentions the…
Description  It is an organized investigation to check the quality of the product or service. It is part of Quality Management used for controlling quality during the Monitoring and Controlling phase. 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  Schedule Compression A technique used to shorten the duration of the schedule while not compromising the scope of the project. There are two popular methods to compress the schedule. 1. Crashing2. Fast Tracking CRASHING  What dod we do in crashing? Crashing  We add more people to get the work done. But the caveat here is that we…
Description  Rolling Wave Planning A scheduling technique where the work in the near term is planned in detail and the future assignments are planned at a high level. It is an adaptive development approach.  AGILE It is popular in the Agile approach where a backlog of tasks related to user requirements is available and each time some of them…
Description  Resource Optimization A technique to adjust the start and finish dates of activities so that the planned resources will be less than or equal to the available resources. It is used in Schedule Management during the Planning, and Monitoring & Controlling phases of the project.  It is an independently-used project management tool.  Where…
