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