Project Management
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Benefit Estimation

Wiki

A technique used for estimating the direct (tangible) or indirect (intangible) favorable results of an action taken. Tangible benefits can be measured in terms of their direct monetary value, such as increase in revenue; intangible benefits are the favorable results that may not be measurable in dollar terms, such as improved morale of the employees, but can be estimated using a qualitative approach.

Amortization

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Intangible assets, like many produced in the IT world (patents, inventions, a business process or system that offers competitive advantage), contribute to the future revenues. Therefore they can be expensed over time as those revenues occur.

Artifacts

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Artifacts are documents related to the project. Project Managers must fully document objectives and deliverables. These documents align projects to business objectives, address the needs of sponsors and clients, and properly set the project team's expectations.

Avoidance

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Avoidance - the first and most direct means of dealing with risk factors is through avoidance. This is often the result of re-planning the project or an aspect of it in order to prevent the risk from being an issue on the project....

Transference

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Transference of risk involves shifting of the consequence and impact of the risk to a third party. This can include the use of insurance, as well as performance bonds, warranties, guarantees, or fixed price contracts. ...

Project Management Risk

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Project Management Risk is the risks presented as a result of the project management processes being employed on the project....

Business Support Risk

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Business Support Risk is the degree of support for the project within the customer organization....

Business Impact Risk

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Business Impact Risk is the magnitude of change the project represents for the customer organization and the likelihood of adoption. ...

Delivery Risk

Wiki

Delivery Risk is the risk of the project being able to be completed successfully, and the budget, schedule and resource constraints which may prevent project success.

Solutions Development

Wiki

A technique used to take a set of brainstormed and categorized ideas and develop a consolidated solution set to enable reengineering.

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