Risk Management
This tool and technique, used in the Perform Quantitative Risk Analysis process, involves creating a detailed probabilistic analysis of the project by simulating multiple scenarios and outcomes.
What is Monte Carlo Simulation
This advanced schedule compression technique involves analyzing which activities can be done in parallel instead of sequentially without changing the scope
What is Fast Tracking
This term refers to the uncontrolled expansion to product or project scope without adjustments to time, cost, and resources.
What is Scope Creep
This document, created as part of the Plan Communications Management process, outlines the communication requirements, including what information will be communicated, how often, and to whom.
What is the Communications Management Plan
In Agile project management, this event is held at the end of each iteration to reflect on what went well, what didn't, and how processes can be improved for the next iteration.
What is a Retrospective.
This term describes a risk response strategy that involves increasing the probability or impact of an opportunity.
What is Exploit
Question Prompt: This output of the Sequence Activities process involves a graphical representation of the logical relationships among the project activities.
What is a Project Schedule Network Diagram
This specific document is an output of the Validate Scope process and provides formal acceptance of the completed project deliverables by the project sponsor or customer.
What is Accepted Deliverables.
This process in Project Communication Management ensures that all project information is effectively created, collected, distributed, stored, and disposed of as per the communications management plan.
What is Manage Communications
This process in Procurement Management involves obtaining seller responses, selecting a seller, and awarding a contract to finalize the procurement of goods and services.
What is conduct Procurements.
This is the type of risk that remains after all response strategies have been implemented.
What is Residual Risk
This specific type of dependency in the Sequence Activities process is defined by project management best practices but can be modified based on specific project needs.
What is a Discretionary Dependency (or Soft Logic)
This is an output of the Define Scope process and describes the project's deliverables in detail, including the work required to create those deliverables.
What is the Project Scope Statement
This key output of the Monitor Communications process involves updating stakeholders with the project’s performance against the baseline and other relevant updates.
What is Work Performance Information
This role of the project manager focuses on balancing competing project constraints, such as scope, time, cost, quality, resources, and risk, to deliver the project successfully.
What is Integration Management.
This process in risk management is primarily concerned with determining which risks may affect the project and documenting their characteristics.
What is Identify Risks
This technique, used in the Estimate Activity Durations process, involves using statistical relationships between historical data and other variables to estimate activity durations.
What is Parametric Estimating?
This technique, used in Scope Management, involves comparing the current project scope and deliverables against the project baseline to ensure that only the work defined in the project scope statement is being completed.
What is Scope Validation
This document, often updated as an output of the Monitor Communications process, provides insight into the effectiveness of the communication methods and channels used, and includes information on how well stakeholders are receiving and responding to project communications.
What is the Communication Performance Assessment
This tool categorizes stakeholders based on their level of authority and their level of concern for project outcomes, helping project managers prioritize stakeholder engagement efforts.
What is the Power/Interest Grid
This risk response strategy for threats involves allocating risk ownership to a third party.
What is Transfe
This tool and technique in the Control Schedule process involves comparing the current schedule status against the baseline to determine if the project is ahead or behind schedule.
What is Variance Analysis
This process, integral to Scope Management, involves breaking down the project deliverables and work into smaller, more manageable components.
What is Create WBS (Work Breakdown Structure)
This technique used in the Monitor Communications process involves examining feedback from stakeholders to ensure communication needs are being met.
What is Stakeholder Engagement Assessment Matrix.
This leadership style, often referred to as "hands-off," involves providing minimal direction to team members, allowing them to make decisions and solve problems on their own.
What is Laissez- Faire