Make or Buy Analysis
Make or Buy Analysis is one of the most important tools and techniques of the Plan Procurement Management process. Make or Buy Analysis basically means figuring out whether you should …
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Do you need PMP if you are already a Project Manager? Difference between PMP and PRINCE2
In this video, we are joined by Howard Coultrup , who discusses why should someone get themselves the PMP certification. The discussion also covers the difference between PMP and PRINCE2 …
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Plan Procurement Management Process
Just like the other knowledge areas, the first process in Procurement Management too is a planning process – Plan Procurement Management This is the process where you figure out what …
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8 Best Practices to follow in a High Attrition Environment
In this vlog, we go over the 8 best practices to follow if you work in a High Attrition Environment. Top 3 Tips to Reduce Attrition – https://youtu.be/tgj_UTbV4-U Top 3 …
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Procurement Management – The Basics
Procurement Management is one such knowledge area that stands out from others. The biggest reason being the fact that many Project Managers have no experience with it. If you manage …
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Risk Management – Practice Questions
Q1: Decision tree analysis is a type ofA. Risk Response strategyB. A subset of EVM TechniqueC. A subset of EMV TechniqueD. A quantitative risk analysis and modeling technique Q2: You …
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What is the difference between Delphi Technique and Brainstorming?
In this Lounge Fever video, I am answering a subscriber question on the difference between Delphi Technique and Brainstorming RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD RISK MANAGEMENT: FAQshttp://bit.ly/RiskManagementFAQs VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe …
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What is a Risk Audit?
In this Lounge Fever video, I am answering a subscriber question on the topic of Risk Audit RELATED LINKS RISK MANAGEMENThttps://goo.gl/3a91nD RISK MANAGEMENT: FAQshttp://bit.ly/RiskManagementFAQs VLOGS – LOUNGING AROUNDhttps://goo.gl/3p7bbe SHOP FOR …
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Contingency and Management Reserves
Both Contingency and Management reserves are used to handle risks. Contingency Reserve Contingency Reserve is part of the project’s cost baseline. This amount is used for addressing risks that have …
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Risk Trigger
We have already discussed the concept of Watchlist. A watchlist is where low priority risks are tracked. With your project brimming with documentation, you may wonder why need a Watchlist …
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