Project Risk
This is done at the beginning of a project to be prepared for any roadblocks that may impact the project cost, schedule, or quality.
Identify Risks
This is the amount of time spent by a project manager communicating project information
90%
This is the process of obtaining the goods, supplies, and/or services needed to the project.
Procurement
This is the ability to calculate the project’s estimated cost, request funding, and make sure dollars are adequately spent
Cost management
This is the skill of knowing the frequency and best communication method to keep internal/external interest groups engaged
Stakeholder management
These are three techniques that can be used to identify project risks.
Interviewing, Brainstorming, and Checklists
This tool can be used as a resource to record knowledge gained during a project so that it can be used in the current project and for future projects
Lessons Learned Register
An acquisition provider, an outside appraiser, or a demolition contractor is an example of this.
Procured services
This information is needed before a project manager can adequately estimate project costs
Requirements (customer requirements, project requirements, user requirements, etc.)
These are two types of stakeholders
Internal and External
These are the steps in risk planning.
Identify, Analyze, Implement Risk Responses, Monitor
Project documents, such as change log, lesson learned register, risk register, issue log, QA/QC log, and stakeholder register are examples of these..
Communication tools
Under procurement management of a project, the project manager should be able to do this.
Identify any external resources needed for the project, or to confirm that all of the work included in the contract is complete.
This involves developing an approximation of expenses needed to complete the project
Cost estimating
A stakeholder who is part of the project team is this type of stakeholder.
Internal stakeholder
This is the process of developing options, selecting strategies, and agreeing on actions to address risk exposure.
Risk response
These are two key benefits of a having a communication plan. (there are many - pick 2)
Deliver & receive the right messages.
Promotes timely coordination and responses.
Positive public relations and reputation management.
Increases positive stakeholder engagement.
Improves productivity.
Effective management of risks & issues.
Promotes team building.
Under procurement management of a project, the project manager must know how to do this.
Know how to manage the contracts associated with the project.
This includes controlling change to the project budget.
Cost control
These people are very important stakeholders that have great influence on your project.
Decision makers, Promoters