Project Procurement Management Overview Project Procurement Management includes the processes to purchase or acquire the products, services, or results needed from outside the project team to perform the work. This chapter presents two perspectives of procurement. The organization can be either ... [full story]

Risk Monitoring and Control: Outputs .1 Risk Register (Updates) An updated risk register contains: Outcomes of risk reassessments, risk audits, and periodic risk reviews. These outcomes may include updates to probability, impact, priority, response plans, ownership, and other elements of ... [full story]

Risk Monitoring and Control: Tools and Techniques .1 Risk Reassessment Risk Monitoring and Control often requires identification of new risks and reassessment of risks, using the processes of this chapter as appropriate. Project risk reassessments should be regularly scheduled. Project ... [full story]

Risk Monitoring and Control: Inputs .1 Risk Management Plan This plan has key inputs that include the assignment of people, including the risk owners, time, and other resources to project risk management. .2 Risk Register The risk register has key ... [full story]

Risk Monitoring and Control Planned risk responses (Section 11.5) that are included in the project management plan are executed during the life cycle of the project, but the project work should be continuously monitored for new and changing risks. Risk ... [full story]

Risk Response Planning: Outputs .1 Risk Register (Updates) The risk register is developed in Risk Identification, and is updated during Qualitative Risk Analysis and Quantitative Risk Analysis. In the Risk Response Planning process, appropriate responses are chosen, agreed-upon, and included ... [full story]

Risk Response Planning: Tools and Techniques Several risk response strategies are available. The strategy or mix of strategies most likely to be effective should be selected for each risk. Risk analysis tools, such as decision tree analysis, can be used ... [full story]

Risk Response Planning: Inputs .1 Risk Management Plan Important components of the risk management plan include roles and responsibilities, risk analysis definitions, risk thresholds for low, moderate, and high risks, and the time and budget required to conduct Project Risk ... [full story]

Risk Response Planning Risk Response Planning is the process of developing options, and determining actions to enhance opportunities and reduce threats to the project's objectives. It follows the Qualitative Risk Analysis and Quantitative Risk Analysis processes. It includes the identification ... [full story]

Quantitative Risk Analysis: Outputs .1 Risk Register (Updates) The risk register is initiated in the Risk Identification process (Section 11.2) and updated in Qualitative Risk Analysis (Section 11.3). It is further updated in Quantitative Risk Analysis. The risk register is ... [full story]

Quantitative Risk Analysis: Tools and Techniques .1 Data Gathering and Representation Techniques Interviewing. Interviewing techniques are used to quantify the probability and impact of risks on project objectives. The information needed depends upon the type of probability distributions that will ... [full story]

Quantitative Risk Analysis: Inputs .1 Organizational Process Assets Information on prior, similar completed projects, studies of similar projects by risk specialists, and risk databases that may be available from industry or proprietary sources. .2 Project Scope Statement Described in Section ... [full story]

Quantitative Risk Analysis Quantitative Risk Analysis is performed on risks that have been prioritized by the Qualitative Risk Analysis process as potentially and substantially impacting the project's competing demands. The Quantitative Risk Analysis process analyzes the effect of those risk ... [full story]

Qualitative Risk Analysis: Outputs .1 Risk Register (Updates) The risk register is initiated during the Risk Identification process. The risk register is updated with information from Qualitative Risk Analysis and the updated risk register is included in the project management ... [full story]

Qualitative Risk Analysis: Tools and Techniques .1 Risk Probability and Impact Assessment Risk probability assessment investigates the likelihood that each specific risk will occur. Risk impact assessment investigates the potential effect on a project objective such as time, cost, scope, ... [full story]

Qualitative Risk Analysis: Inputs .1 Organizational Process Assets Data about risks on past projects and the lessons learned knowledge base can be used in the Qualitative Risk Analysis process. .2 Project Scope Statement Projects of a common or recurrent type ... [full story]

Qualitative Risk Analysis Qualitative Risk Analysis includes methods for prioritizing the identified risks for further action, such as Quantitative Risk Analysis (Section 11.4) or Risk Response Planning (Section 11.5). Organizations can improve the project's performance effectively by focusing on high-priority ... [full story]

Risk Identification Risk Identification determines which risks might affect the project and documents their characteristics. Participants in risk identification activities can include the following, where appropriate: project manager, project team members, risk management team (if assigned), subject matter experts from ... [full story]

Risk Management Planning Careful and explicit planning enhances the possibility of success of the five other risk management processes. Risk Management Planning is the process of deciding how to approach and conduct the risk management activities for a project. Planning ... [full story]

Project Risk Management Overview Project Risk Management includes the processes concerned with conducting risk management planning, identification, analysis, responses, and monitoring and control on a project; most of these processes are updated throughout the project. The objectives of Project Risk Management ... [full story]

Manage Stakeholders Stakeholder management refers to managing communications to satisfy the needs of, and resolve issues with, project stakeholders. Actively managing stakeholders increases the likelihood that the project will not veer off track due to unresolved stakeholder issues, enhances the ... [full story]

Performance Reporting: Tools and Techniques .1 Information Presentation Tools Software packages that include table reporting, spreadsheet analysis, presentations, or graphic capabilities can be used to create presentation-quality images of project performance data. .2 Performance Information Gathering and Compilation Information can ... [full story]

Performance Reporting: Inputs .1 Work Performance Information Work performance information on the completion status of the deliverables and what has been accomplished is collected as part of project execution, and is fed into the Performance Reporting process. Collecting the work ... [full story]

Information Distribution Information Distribution involves making information available to project stakeholders in a timely manner. Information distribution includes implementing the communications management plan, as well as responding to unexpected requests for information. 10-5. : Information Distribution: Inputs, Tools & ... [full story]

Communications Planning: Outputs .1 Communications Management Plan The communications management plan is contained in, or is a subsidiary plan of, the project management plan (Section 4.3). The communications management plan provides: Stakeholder communication requirements Information to be communicated, including format, ... [full story]

Communications Planning: Tools and Techniques .1 Communications Requirements Analysis The analysis of the communications requirements results in the sum of the information needs of the project stakeholders. These requirements are defined by combining the type and format of information needed ... [full story]

Communications Planning: Inputs .1 Enterprise Environmental Factors All the factors described in Section 4.1.1.3 are used as inputs for this process. .2 Organizational Process Assets While all of the assets described in Section 4.1.1.4 are used as inputs for this ... [full story]

Project Communications Management Overview Project Communications Management is the Knowledge Area that employs the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information. The Project Communications Management processes provide the critical links ... [full story]

Manage Project Team Manage Project Team involves tracking team member performance, providing feedback, resolving issues, and coordinating changes to enhance project performance. The project management team observes team behavior, manages conflict, resolves issues, and appraises team member performance. As a ... [full story]

Develop Project Team: Tools and Techniques .1 General Management Skills Interpersonal skills (Section 1.5.5), sometimes known as 'soft skills,' are particularly important to team development. By understanding the sentiments of project team members, anticipating their actions, acknowledging their concerns, and ... [full story]

Acquire Project Team: Outputs .1 Project Staff Assignments The project is staffed when appropriate people have been assigned to work on it. Documentation can include a project team directory, memos to team members, and names inserted into other parts of ... [full story]

Acquire Project Team: Tools and Techniques .1 Pre-Assignment In some cases, project team members are known in advance; that is, they are preassigned. This situation can occur if the project is the result of specific people being promised as part ... [full story]