A Guide to Project Management

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Unformatted text preview: ject management, organizational, or external sources. Risk Database. A repository that provides for collection, maintenance, and analysis of data gathered and used in the risk management processes. A lessons-learned program uses a risk database. This is an output of the risk monitoring and control process. Risk Event. A discrete occurrence that may affect the project for better or worse. Risk Identification. Determining which risks might affect the project and documenting their characteristics. Tools used include brainstorming and checklists. Risk Management Plan. Documents how the risk processes will be carried out during the project. This is the output of risk management planning. Risk Management Planning. Deciding how to approach and plan risk management activities for a project. Risk Mitigation. Risk mitigation seeks to reduce the probability and/or impact of a risk to below an acceptable threshold. Risk Monitoring and Control. Monitoring residual risks, identifying new risks, executing risk reduction plans, and evaluating their effectiveness throughout the project life cycle. Risk Register. See risk response plan. Risk Response Plan. A document detailing all identified risks, including description, cause, probability of occurring, impact(s) on objectives, proposed responses, owners, and current status. Also known as risk register. Risk Response Planning. Developing procedures and techniques to enhance opportunities and reduce threats to the project's objectives. The tools include avoidance, mitigation, transference, and acceptance. Risk Transference. Risk transference is seeking to shift the impact of a risk to a third party together with ownership of the response. S-Curve. Graphic display of cumulative costs, labor hours, percentage of work, or other quantities, plotted against time. The name derives from the S-like shape of the curve (flatter at the beginning and end, steeper in the middle) produced on a project that starts slowly, accelerates, and then tails off. Also a term for the cumulative likelihood distribution that is a result of a simulation, a tool of quantitative risk analysis. Schedule. See project schedule. Schedule Analysis. See network analysis. Schedule Compression. See duration compression. A Guide to the A Guide to the Project Project Management Management Body of Body of KnowledgeE L KnowledgeE PL MP AM SA S A Guide to the Project Management Body of Knowledge (PMBOK Guide) 2000 Edition 2000 Project Management Institute, Four Campus Boulevard, Newtown Square, PA 19073-3299 USA NAVIGATION LINKS ACROYMNS LIST ACRONYMS LIST 207 ACROYMNS LIST Glossary ment ment geE L geE PL P Schedule Control. Controlling changes to the project schedule. Schedule Development. Analyzing activity sequences, activity durations, and resource requirements to create the project schedule. Schedule Performance Index (SPI). The schedule efficiency ratio of earned value accomplished against the planned value. The SPI describes what portion of the planned sche...
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This document was uploaded on 09/27/2013.

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