Qualitative Risk Analysis
The concept of qualitative risk analysis is of fundamental importance when it comes to the need for the project management team and or the…
1 min readKnowledge topic
Risk Management
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Risk identification, analysis, response planning, monitoring, and PMI-RMP study support.
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Project Risk Management
Project Risk Management is a branch of the discipline of project management that deals with identifying and mitigating risk on a project. The desired…
1 min readProbability and Impact matrix
The four word term probability and impact matrix sounds like something terribly complex and difficult to understand but in reality is something that when…
1 min readPerform Quantitative Risk Analysis
The Perform Quantitative Risk Analysis is a project management process that numerically analyzes the effects of identified risks on the entire project objectives. The…
1 min readOpportunity
There is an old and long followed adverb that says that “When opportunity knocks, you had better answer.” In that context, opportunity is viewed…
1 min readManagement Reserve
In project management, contingency reserve is often interchanged with management reserve. While the former is defined as the planned amount of money that is…
1 min readInfluence Diagram
The project management phrase influence diagram refers specifically to a project management tool that can serve an invaluable role to the project management team…
1 min readFallback Plan
Risks are threats to the success of the project. It is important for the project managers to devise ways on how to deal with…
1 min readFailure Mode and Effect Analysis
Failure Mode and Effect Analysis refers to a specific technique that represents an analytical procedure in which each and every singular potential and possible…
1 min readExpected Monetary Value Analysis
The phrase expected monetary value analysis refers to a specific analytical technique in which a calculation is made to determine the average of all…
1 min readTraining connection