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The 1%-10% Rule is used to determine the proper level of detail while breaking down the work of a project. The rule states that the lowest level of activities in the WBS of a project should have a duration no less than 1% of the project duration and not more than 10% of the project duration.
Kaizen is a philosophy and practice that sees improvement in productivity as a gradual and methodical process and focuses on continual improvement throughout all aspects of life. Kaizen is a Japanese term meaning "change for the better." The concept of kaizen encompasses a wide range of ideas. It involves making the work environment more efficient ...
MoSCoW is a prioritization technique used to reach a common understanding with stakeholders on the relative importance they place on the delivery of each requirement. It is also referred to as MoSCoW prioritization or MoSCoW analysis.
Technology Impact Risk is the risk to the project based upon the newness and degree of familiarity with the technology employed on the project.
Have your voice be heard! Both The Standard for Business Analysis and The PMI Guide to Business Analysis are open for public comment now through 5 pm (EST) 28 March 2017. The standard and guide will be published together in one document entitled The PMI Guide to Business Analysis (includes the Standard for Business Analysis) in Q4 2017. To participate, visit the Standards Update page.
“Project Definition Risk” is the risk that the project is not fully and completely defined, understood and estimated prior to initiation.