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Project Management: Definitions and explanations page 7 PDF | Download eBooks

Learn project management terms with definitions and explanations, PMP terminologies (Page 7) for MBA degree programs.


  1. What is Ambiguity Risk?
    Uncertainties are colsely associated with the projects. an unwanted or uncertain event might happen during a ...
  2. What is Risk Breakdown Structure?
    Different types of risks are involved in a project. these risks must be identified in early ...
  3. What is Assumption and Constraint Analysis?
    When a project is planned, some assumptions are made. all the decisions regarding project are based ...
  4. What is SWOT Analysis?
    A project must be analyzed internally and externally. the factors internal to the project that can ...
  5. What is Prompt List?
    The project associated risks that are predetermined are listed in a document called prompt list. prompt ...
  6. What is Risk Register?
    The project related risks must be identified. the identified potential risks for a project are listed ...
  7. What is Risk Report?
    A risk report is a detailed document that includes the summary of the identified risks along ...
  8. What is Qualitative Risk Analysis?
    Risks in project are inevitable. after identification of potential risks, the risks must be analyzed. the ...
  9. What is Risk Data Quality Assessment?
    The information regarding potential risks must be assessed to check if it is accurate or not. ...
  10. What is Risk Probability and Impact Assessment?
    Risk probability and impact assessment can be divided into two parts; risk probability assessment and risk ...
  11. What is Dormancy?
    In addition to the chances of occurrence and the effect of potential risks on project objective, ...
  12. What is Manageability?
    Usually the factors important regarding a project associated risk are probability of occurrence and impact on ...
  13. What is Controllability?
    Risk assessment involves analyzing the project related risks. for assessment, the important things to be considerd ...
  14. What is Detectability?
    Likelihood of occurrence and impact on project objectives are the two common factors associated with project ...
  15. What is Connectivity?
    Project related risks have a number of characteristics. these characteristics must be considerd when performing risk ...
  16. What is Strategic Impact?
    Different characteristics are associated with project related risks. a project manager usually identifies the probability of ...
  17. What is Propinquity?
    Risk assessment is very important in project management as each and every project experiences risks and ...
  18. What is Urgency?
    When a project is carried out, potential project related risks, their chances of occurrence and impact ...
  19. What is Proximity?
    When the potential risks associated with the project are identified and assessed, the most important factors ...
  20. What is Probability and Impact Matrix?
    There are two things associated to risk; probability of occurrence, and impact. both the factors must ...
  21. What is Risk Workshop?
    While analyzing risks, a special type of meeting can be conducted which is called risk workshop. ...
  22. What is Quantitative Risk Analysis?
    There are two ways of analyzing risks; qualitative risk analysis and quantitative risk analysis. quantitative risk ...
  23. What is Sensitivity Analysis?
    There are several tools and techniques to perform quantitative risk analysis. one of them is sensitivity ...
  24. What is Decision Tree Analysis?
    There are several tools and techniques to perform quantitative risk analysis. one of them is decision ...
  25. What is Influence Diagram?
    There are several tools and techniques to perform quantitative risk analysis. one of them is influence ...
  26. What is Escalation?
    When the swot analysis of the organization is performed, some threats are identified. these threats can ...
  27. What is Risk Avoidance?
    Using swot analysis, threats can be identified. the threats have a negative effect on the organization ...
  28. What is Risk Transfer?
    Swot analysis involves identifying strengths, weaknesses, opportunities and threats. the threats section of swot analysis identifies ...
  29. What is Risk Mitigation?
    Different strategies can be used to deal with the threats to an organization or a project. ...
  30. What is Risk Acceptance?
    Threats faced by an organization can be identified through swot analysis. not only organizations face threats ...
  31. What is Exploit Strategy?
    When the swot analysis of the organization is performed, some opportunities are identified. these opportunities can ...
  32. What is Sharing?
    Swot analysis is a tool used to identify strengths, weaknesses, opportunities and threats. an organization can ...
  33. What is Enhance Strategy?
    Opportunities are the positives of a swot analysis. an organization that is faced with a lot ...
  34. What is Opportunity Acceptance?
    There are a number of strategies that can be used to exploit opportunities and use them ...
  35. What is Risk Response Implementation?
    When potential project risks are identified and their probability of occurrence and impact on the project ...
  36. What is Technical Performance Analysis?
    Risks associated with the projects must be identified. after the identifiication, it is important to asses ...
  37. What is Risk Review?
    Risk montioring is an important part of risk management. even though, a project team becomes successful ...
  38. What is Procurement Management?
    The act of acquiring something is called procurement. there are some products, services, material or expertise ...
  39. What is Purchasing Contract?
    Procurement is defined as acquiring the required. during a project, some products, services and materials must ...
  40. What is Fixed Price Incentive Fee?
    A legal document that lists the terms and conditions of working, agreed by two parties is ...
  41. What is Fixed Price With Economic Price Adjustment?
    When two parties agree on working together, a contract binds them legally to fulfill the requirements ...
  42. What is Cost Plus Fixed Fee?
    Contracts can be classified into two categories. the contract categories affect the procurement planning process. the ...
  43. What is Cost Plus Incentive Fee?
    A contract is a legal document listing all the terms and conditions agreed between two parties. ...
  44. What is Cost Plus Award Fee?
    The two broad classes of contract include fixed price contracts and cost-reimbursement contracts. the type of ...
  45. What is Time and Material Contract?
    The terms and conditions that the two parties i.e. customer and contractor, agreed upon are listed ...
  46. What is Market Research?
    In the process of procurement management, some tools and techniques can be used for data collection. ...
  47. What is Make-or-Buy Analysis?
    In the process of procurement management, data regarding the need of procurement is collected. the gathered ...
  48. What is Fixed Budget Method?
    When the needs of procurement are identified, the suitable sources must be selected. first, the needs ...
  49. What is Procurement Strategy?
    When it is decided using make or buy analysis that the work must be accomplished through ...
  50. What is Bid Document?
    The process of identifying potential sellers and selecting the suitable one involves writing and circulating bid ...
  51. What is Request for Information?
    The process of identifying potential sellers and selecting the suitable one involves writing and circulating bid ...
  52. What is Request for Quotation?
    A bid document can be written and distributed after the potential sellers are identified and the ...
  53. What is Procurement Statement of Work?
    Statement of work is a document that includes the complete description of the required work. in ...
  54. What is Source Selection Criteria?
    When the needs of procurement are identified, the suitable sources must be selected. first, the needs ...
  55. What is Conducting Procurement?
    After the potential sellers or vendors are identified, a request is sent to them to submit ...
  56. What is Seller Proposal?
    A buyer identifies the need for procurement and requests the potential sellers and vendors to respond. ...
  57. What is Advertising?
    To conduct procurement, the communication between the buyer and the prospective sellers is necessary. a technique ...
  58. What is Bidder Conference?
    To conduct procurement, the communication between the buyer and the prospective sellers is necessary. one way ...
  59. What is Procurement Negotiation?
    To conduct procurement effectively, an important interpersonal skill used is negotiation. negotiation is a formal or ...
  60. What is Procurement Control?
    After the procurement is conducted i.e. the suitable seller is selected and contract is signed, it ...