A document detailing all identified risks, including description, cause, probability of occurring, impact(s) on objectives, proposed responses, owners, and current status. Also known as risk register.
Developing procedures and techniques to enhance opportunities and reduce threats to the project?s objectives. The tools include avoidance, mitigation, transference, and acceptance.
Risk transference is seeking to shift the impact of a risk to a third party together with ownership of the response.
Graphic display of cumulative costs, labor hours, percentage of work, or other quantities, plotted against time. The name derives from the S-like shape of the curve (flatter at the beginning and end, steeper in the middle) produced on a project that start
See project schedule.
See network analysis.
See duration compression.
Controlling changes to the project schedule.
Analyzing activity sequences, activity durations, and resource requirements to create the project schedule.
The schedule efficiency ratio of earned value accomplished against the planned value. The SPI describes what portion of the planned schedule was actually accomplished. The SPI = EV divided by PV.
The point in time that work was scheduled to finish on an activity. The scheduled finish date is normally within the range of dates delimited by the early finish date and the late finish date. It may reflect leveling or scarce resources.
The point in time that work was scheduled to start on an activity. The scheduled start date is normally within the range of dates delimited by the early start date and the late start date. It may reflect leveling of scarce resources.
The sum of the products and services to be provided as a project. See project scope and product scope.
Any change to the project scope. A scope change almost always requires an adjustment to the project cost or schedule.
Controlling changes to project scope.
Subdividing the major deliverables into smaller, more manageable components to provide better control.
The process of progressively elaborating the work of the project, which includes developing a written scope statement that includes the project justification, the major deliverables, and the project objectives.
The scope statement provides a documented basis for making future project decisions and for confirming or developing common understanding of project scope among the stakeholders. As the project progresses, the scope statement may need to be revised or ref