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Unformatted text preview: risk. It includes maximizing the probability and consequences of positive events and minimizing the probability and consequences of adverse events to project objectives. It includes: Risk management planning--deciding how to approach and plan the risk management activities for a project. Risk identification--determining which risks might affect the project and documenting their characteristics. Qualitative risk analysis--performing a qualitative analysis of risks and conditions to prioritize their effects on project objectives. Quantitative risk analysis--measuring the probability and consequences of risks and estimating their implications for project objectives. Risk response planning--developing procedures and techniques to enhance opportunities and reduce threats from risk to the project's objectives. Risk monitoring and control--monitoring residual risks, identifying new risks, executing risk reduction plans, and evaluating their effectiveness throughout the project life cycle. Project Project Management Management Body of Body of KnowledgeE L KnowledgeE PL MP AM SA S PROJECT PROCUREMENT MANAGEMENT
A subset of project management that includes the processes required to acquire goods and services to attain project scope from outside the performing organization. It consists of: Procurement planning--determining what to procure and when. Solicitation planning--documenting product requirements and identifying potential sources. Solicitation--obtaining quotations, bids, offers, or proposals, as appropriate. Source selection--choosing from among potential sellers. Contract administration--managing the relationship with the seller. Contract closeout--completion and settlement of the contract, including resolution of any open items. 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 191 ACROYMNS LIST SECTION IV
GLOSSARY AND INDEX A Guide to the A Guide to the Glossary Index Project Project Management Management Body of Body of KnowledgeE L KnowledgeE PL MP AM SA S NAVIGATION LINKS ACROYMNS LIST ACRONYMS LIST ACROYMNS LIST Glossary
A Guide to the A Guide to the INCLUSIONS AND EXCLUSIONS 1. This glossary includes terms that are: Unique or nearly unique to project management (e.g., scope statement, work package, work breakdown structure, critical path method). Not unique to project management, but used differently or with a narrower meaning in project management than in general everyday usage (e.g., early start date, activity, task). This glossary generally does not include: Application area-specific terms (e.g., project prospectus as a legal document-- unique to real estate development). Terms whose use in project management do not differ in any material way from everyday use (e.g., calendar). Compound terms whose meaning are clear from the combined meanings of the component parts. Variants wh...
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