Posted inBasics
Managing Project Changes
Change requests are inevitable in any project. Successful project managers effectively manage changes through the…
Posted inBasics
Developing a Baseline Budget for a Project
A cost baseline is an approved time phased plan. Once a detailed budget is developed…
Posted inBasics
Project Scheduling
The project schedule is the tool that communicates what work needs to be performed, which…
Posted inBasics
What is the difference between projects and operations?
In any organization, only two aspects of work exist—on-going operations and projects. Projects are defined…
Posted inBasics
5 Basic Phases of Project Management
Project Management defines as "the application of knowledge, skills, tools and techniques to a broad range…
Posted inBasics
Who are Project Managers?
They are organized, passionate and goal-oriented who understand what projects have in common, and their…
Posted inBasics
What is Project Management?
More specifically, what is a project? It's a temporary endeavor undertaken to create a unique…
Posted inFinancial & Risk Aspects of Projects
Quantitative Risk Analysis
· Analyse numerically the probability and consequence of each risk · Decision Tree analysis · Expected Monetary Value…
Posted inFinancial & Risk Aspects of Projects
Perform Qualitative Risk Analysis
COMMONLY USED METHODOLOGIES · Based on Failure Modes and Effects Analysis (FMEA) · Frequency and Severity Matrix…
Posted inFinancial & Risk Aspects of Projects
Risk Breakdown Structure
IDENTIFY RISKS Typical Information Gathering Techniques Brainstorming Delphi technique · Successive anonymous questionnaires on project risks…