SWOT Analysis –acronym stands for Strengths, Weaknesses, Opportunities, Threats. It’s a great tool to use in a group – either in a facilitated session or as a brainstorm .This method is…
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I have found in my PMP and PMI-RMP classes, often candidates need more clarity on these two topics as these terms almost seem to be similar. This urged me to…
These terms are very closely related to each other. This is the reason why most of the time PMP aspirants have trouble understanding the difference between these two terms. Let…
As per “Practice Standard of Project Risk Management”, FMEA is a technique which can be used in Identify Risk Process and also further as analysis tool during Perform Quantitative Risk…
During my RMP classes, I am often asked the difference between Risk Reviews and Risk Audits .Lets understand … Risk Reviews look forward in time to what should happen for…
As per PMBoK 5th edition, Delphi technique is defined as below: “The Delphi technique is a way to reach a consensus of experts. Project risk experts participate in this technique…
As per 11th Jan 2016 PMP changes, a new task –Task 6 added under Monitoring and Controlling Process Group.Capture, analyze , and manage lessons learned using lessons learned management techniques…
As per 11th Jan 2016 PMP changes, a new task – Task 7 added under Initiating Process Group. Conduct benefit analysis with relevant stakeholders to validate project alignment with organizational…
Assumptions are an important part of any project. Assumptions usually require some type of follow-up or validation in order to determine whether or not they will impact the project. No-one…
“Practice Standard for Project Risk Management’’ defines Force Field Analysis as below: “Force Field Analysis is typically used in the change management context. It can be adapted for risk identification…