Project Management
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497 items found

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Technology Impact Risk

Wiki

Technology Impact Risk is the risk to the project based upon the newness and degree of familiarity with the technology employed on the project.

Project Management Risk

Wiki

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

Avoidance

Wiki

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

Wiki

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. ...

Mitigation

Wiki

Mitigation is a strategic risk response wherein a project team takes active steps to reduce the probability or impact of a negative risk to a project. It implies a reduction in the probability and/or impact of an

Acceptance

Wiki

Acceptance of risk involves recognition that the risk is a factor, and that the project team is not actively changing its approach to the project to respond to it. Acceptance is not the same as ignoring the risk, however. Contingency plans should be put in place to be able to respond to the risk should it occur.

Critical Chain

Wiki

The "Critical Chain" of a project is the longest chain of tasks taking into account both predecessor/successor relationships and resource leveling.

Accountability

Wiki

Accountability is an individual's requirement to accept the consequences, both positive and negative, for activities and actions. Often, an individual in a leadership position is held accountable for actions taken by subordinate team members.

Enterprise Portfolio Management

Wiki

Enterprise Portfolio Management (EPM) is a set of interrelated techniques and/or activities, systematically applied to maximize a company's investment decisions. This involves a centralized view of all major projects within the organization, viewing them as one portfolio or a set of portfolios being led by functional departments (IT, HR, Finance, Marketing, etc.).

Project Portfolio Management

Wiki

A set of interrelated techniques and/or activities, undertaken to maximize project investment decisions. This includes project demand management, project ranking, portfolio balancing, enterprise resource planning and master scheduling. To successfully implement enterprise portfolio management, an organization must embrace transparency, be forthcoming and honest in investment analysis and possess competent managers responsible for projects, on-going operations and assets.

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