Project Management
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2442 items found

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Forecasting

Wiki

Project forecasting consists of taking the project status information and extrapolating the current project performance to the end of the project. Forecasts can be made with respect to project duration, overall project cost, performance/quality level of project deliverables, or any combination of these.

Contract Negotiations

Wiki

Negotiation is a process involving two or more people with conflicting positions. These people attempt to reach an agreement by modifying their original positions. Usually, it requires bargaining in order to reach an acceptable arrangement. The arrangement, however, should not be seen as a win-lose situation. The solution should be mutually beneficial or, in some instances, mutually unprofitable.

Decision Making

Wiki

A set of techniques to facilitate group decision-making, prioritisation, and/or evaluation of alternatives. Geographically based decision-making techniques help structure ideas and focus attention on evaluating each criteria carefully to enable more effective decisions. Criteria can be qualitative or quantitative, depending on the nature of the decision to be made or problem to be solved.

Agreement

Wiki

An Agreement is a legal document which is signed between two parties, one party is called the Buyer and another party is called the seller. The Seller supplies the goods and Buyer pays the money in return. An agreement can be a contract, purchase order, understanding or undertaking. It should have legal remedies.

Cost Benefit Analysis

Wiki

A technique to compare the total cost and the total benefit of a proposed solution. Both tangible and intangible factors need to be addressed and taken into account. Components may include:

Risk audit

Wiki

Risk audit is the examination and documentation of the effectiveness of risk responses in dealing with identified risk and their root causes, as well as the effectiveness of the risk management process.

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.

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"Put your hand on a hot stove for a minute, and it seems like an hour. Sit with a pretty girl for an hour, and it seems like a minute. THAT's relativity."

- Albert Einstein

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