Processes of Risk Management: Risk Identification Risk Analysis Risk Response Planning Risk Monitoring and Control Details will be added later.. From: http://sitestree.com/?p=11521 Categories:PMP – Project ManagementTags: Post Data:2017-10-17 16:33:32 Shop Online: https://www.ShopForSoul.com/ (Big Data, Cloud, Security, Machine Learning): Courses: http://Training.SitesTree.com In Bengali: http://Bangla.SaLearningSchool.com http://SitesTree.com 8112223 Canada Inc./JustEtc: http://JustEtc.net (Software/Web/Mobile/Big-Data/Machine Learning) Shop Online: https://www.ShopForSoul.com/ Medium: …
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May 20
Risk Identification Process. Part – 4: Project Risk Management. #PMP – Project Management
Risk Identification Process: Output of the Risk Identification Process: Risk Register – a list of identified risks A list of the root causes of the risks An initial list of potential responses From: http://sitestree.com/?p=11523 Categories:PMP – Project ManagementTags: Post Data:2017-10-17 16:36:13 Shop Online: https://www.ShopForSoul.com/ (Big Data, Cloud, Security, Machine Learning): Courses: http://Training.SitesTree.com In Bengali: http://Bangla.SaLearningSchool.com …
May 20
Risk Analysis . Part – 5: Risk Management #PMP – Project Management
Risk Analysis Output of the Risk Identification Process is used as the input. Qualitative Risk Analysis involves: prioritization of risks based on a probability and impact matrix for each objective Quantitative Risk Analysis involves: Assessing the probabilities of meeting each project objective Prioritization of the risks based on their total effect on the overall project …
May 20
Details on Cost Management Terms. Part – 11: Project Cost Management #PMP – Project Management
Details on Cost Management Terms. Part – 11: Project Cost Management For now, this is just a place holder post Schedule Performance Index (SPI): The rate at which the project is performing in respect of schedule expectations up to a point in time. SPI=EV/PV Estimate at Completion (EAC): Forecast the total cost at project completion …
May 20
Details on Cost Management Terms. Part – 10: Project Cost Management #PMP – Project Management
Details on Cost Management Terms. Part – 10: Project Cost Management For now, this is just a placeholder post Actual Cost: Money spent over the period Cost Variance (CV): Difference between planned cost and actual cost. CV = EV – AC Schedule Variance (SV): Difference between the planned schedule and actual schedule (as:Where the project …
May 20
Cost Budgeting in Details. Part – 5: Project Cost Management #PMP – Project Management
Cost Budgeting in Details. Part – 5: Project Cost Management (Details will be added at a later time) Maps costs and dates. How much will be spent on what and when. Also termed Cost Baseline When cost budgeting is done? After activities are defined and scheduled. Activity durations and resource requirements are also estimated. Tools …
May 20
Cost Control in Short : Part – 6: Project Cost Management #PMP – Project Management
Cost Control in Short : Part – 6: Project Cost Management Monitoring, controlling, adjusting costs When it is performed? Over the whole life cycle. Bi-weekly or monthly analysis may be done Tools Cost Change Control System How the cost baseline may be changed Performance Measurement Analysis Calculate Earned Value, Planned Value, Actual Cost, Estimate to …
May 20
Cost Control in Details : Part – 7: Project Cost Management #PMP – Project Management
Cost Control in Details : Part – 7: Project Cost Management (Details will be provided at a later time, so now, in short) Monitoring, controlling, adjusting costs When it is performed? Over the whole life cycle. Bi-weekly or monthly analysis may be done Tools Cost Change Control System How the cost baseline may be changed …
May 20
Cost Management Terms. Part – 8: Project Cost Management #PMP – Project Management
Cost Management Terms. Part – 8: Project Cost Management Earned Value: The value the spent money brought to the project. Just like double entry accounting system: for every debit to an account there is a corresponding credit. Budgeted at Completion (BAC): How much was originally planned for this project. Planned Value (PV): Calculates how much …
May 20
Details on Cost Management Terms. Part – 9: Project Cost Management #PMP – Project Management
Details on Cost Management Terms. Part – 9: Project Cost Management For now, this is just a place holder post Earned Value: The value the spent money brought to the project. Just like double entry accounting system: for every debit to an account there is a corresponding credit. Budgeted at Completion (BAC): How much was …
