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42 Cards in this Set
- Front
- Back
It is the useful tool in managing actions taken regarding accepted risk to the project. |
Risk Register |
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Application of knowledge skills tools and techniques to project activities to meet the project requirements. |
Project Management |
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It is the process that figures out how likely that a risk will arise in a project. |
Risk Analysis |
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It studies uncertainty and how it would impact the project in terms of schedule quality and cost if in fact it was to show up. |
Risk Analysis |
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It involves estimating the cost of resources including people, equipment, materials, and such things as travel and other details. |
Project Cost Management |
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It list all the potential project risk and what their characteristic would be. |
Risk Identification |
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Benefits of Risk Analysis |
Avoid Potential Litigation Address Regulatory Issues Comply with new legislation Reduce Exposure Minimize Impact |
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it includes authorizing the job, develop a scope statement that will define the boundaries of the project, subdividing the work into manageable components with deliverables, verifying that the amount of work plan has been achieved, and specifying scope change control procedures. |
Project Scope Management |
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It is the overall process that managers use to minimize and manage risk. |
Risk Management |
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Synchronous Communication |
live meeting conference call audio conference computer assisted conference video conference instant messages texting |
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It includes processes required to identify and manage the people, groups, or organization that could impact or be impacted by the project. |
Project Stakeholder Management |
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This includes list of all deliverables such as reports hardware software and so on. It is a good idea to have a deliverable at each major project milestone so that progress can be measured more easily. |
Project Work Requirements |
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Project Life Cycle |
Concept Definition Planning Execution Closeout |
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(6) Step Process for a Project Risk Plan |
1. Make a list 2 & 3. Determine the probability of risk occurrence and its negative impact. 4. Prevent or mitigate risk 5. Consider contingencies 6. Establish trigger point |
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It is a judgement call meant to maximize the value of the predetermined contingency by implementing it at the optimal time. |
Establish the Trigger Point |
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Once the plan has been developed and approved the team can begin work. |
Execution and Control |
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___________ of necessary goods and services for the project is the logistic aspects of managing job. |
Procurement |
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Description or declaration of what an organization or project team wants to obtain or accomplish upon the completion of project. |
Project Vision Statement |
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One of the biggest trap for project managers. |
Working Project Manager |
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You have as much __________ as you are willing to take. |
Authority |
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when all the work has been completed the __________ phase requires that a review of project must be conducted. |
Closeout |
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it means that the individual is committed to his contribution, agrees with the scope of work to be done, and accept the specs as valid. |
Signature |
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It is the message to the rest of the world about what you intend to accomplish with your project |
Mission statement |
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a phase of a project that includes tactics and logistics. |
Implementation Planning |
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________________ must be present in meeting |
Everyone, All Team Members, Whole Team |
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The areas where the projects touch. |
Coordination Point |
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Phase of a project determines the high level approach that your project will take to achieve the project requirements. |
Strategy |
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__________ are developed so that you can achieve your end result successfully. |
Plans. |
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Designated amounts of time and/or budget to account for risk to the project that have been identified and actively accepted. |
Contingency Reserves |
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everybody is on loop. |
Communication |
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It refers to developing a schedule that can be met then controlling the work to ensure that this happens. |
Project Time Management |
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relationship of planning constraints. |
C = f(x) (P,T,S) |
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a toyota motor corporation's pioneer of the production system ; who implemented kaizen. |
Taiichi Ohno |
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SMART |
Specific Measurable Attainable Realistic Time Limited |
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Process of prioritizing risk for further analysis or action. |
Qualitative risk Analysis |
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you do this by determining the risk's likelihood or probability of occurring as well as rating its impact on the project. |
Qualitative Risk Analysis |
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It is a statistical analysis of the effect of those identify the risk on overall project. |
Quantitative Risk Analysis |
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exercise by comparing where project work is to where it is supposed to be. |
Control |
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it allows you to discern information needed to better understand, encompass, clarify, structure frame a situation; as this way of thinking allows you to explore all the dimensions from different perspectives. |
5W1H Method |
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refers to the overall method you will employ to do the job sometimes referred to as game plan |
Strategy |
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it is the art of getting others to one to do something that you believe that should be done |
Leadership |
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it is a temporary endeavor undertaken to create a unique product, service, or result |
Project |