Project Management Practitioner

This is part of Risk Register Updates.

A risk that remains after implementing a risk response strategy.

-Posted by Dhana

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This is one of output of Plan Contracting.

RFP is one of the procurement documents prepared in Plan Contracting process will be used to solicit the vendors and suppliers to bid on the project procurements. These documents usely contains the items to be supplied by the successful bidder.

-Posted by Dhana

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This is one of output of Plan Contracting.

RFP is one of the procurement documents prepared in Plan Contracting process will be used to solicit the vendors and suppliers to bid on the project procurements. This documents usely contains the detailed specification of the requirements/items to be supplied by the successful bidder.

-Posted by Dhana

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This is one of the Power of Leaders which is part of Develop Project Team.

Referent power is inferred to the influencer by their subordinates. Project team members who have a great deal of respect and high regard for their project managers willingly go along with decisions made by the project manager because of referent power.

-Posted by Dhana

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This is one of the Tools and Techniques of Develop Project Team.

Team building is one of the important aspects of the successful project completion. The PM has to improve, enhance the team’s performance and keep the team members motivated. motivation helps people to work efficiently and produce better results. Recognition and Rewards are important part of team motivation.

Recognition and Rewards should be proportional to the achievement of individual team members or collectively as whole of the team. The team members should be rewarded properly for their achievement or excellency for their responsible tasks.

-Posted by Dhana

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RACI is acronym for Responsible, Accountable, Consult, Inform. This is part of Human Resource Planning Tools and Techniques.

This chart is used to showcase the level of accountability of each of the project team members for the designated project tasks.

Sample of RAM

-Posted by Dhana

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Quantitative Risk Analysis is also part of Risk Planning.

The Quantitative Risk Analysis process examined the impacts of risk prioritized during the Qualitative Risk Analysis process and quantifies risk exposure for the project by assigning numeric probabilities to each risk and their impacts on project objectives.

This quantitative approach is accomplished using techniques like Monte Carlo simulation and decision tree analysis.

The purpose of this process is to perform the following:

• Quantify the project’s possible outcomes and probabilities.
• Determine the probability of achieving the project objectives.
• Identify risks that need the most attention by quantifying their contribution to overall
  project risk.
• Identify realistic and achievable schedule, cost, or scope targets.
• Determine the best project management decisions possible when outcomes are uncertain.

-Posted by Dhana

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Qualitative Risk Analysis is part of Risk Planning.

The Qualitative Risk Analysis process involves determining the impacts of the identified risks on the project objectives and the probability of occurring those risks. It also prioritise the identified risks in order according to their effect on the project objectives.

The Qualitative Risk Analysis process also considers risk tolerance levels on the project constraints (scope, time, cost, and quality) and the time frames of the potential risk events.

The Qualitative Risk Analysis process should be performed throughout the project.

-Posted by Dhana

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Preassignment is a tool and technique of the Acquire Project Team process.

This occurs when a project is put out for bid and specific team members are promised as part of the proposal
or when internal project team members are promised and assigned as a condition of the project.

When staff members are promised as part of the project proposal—particularly on internal projects—they should be identified in the project charter.

- Posted by Sundar

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Motivational Theories is one of the Recognition and Rewards which part of the Tools and Techniques for Develop Project Team.

Motivational theories present ideas on why people act the way they do, and how we can influence them to act in certain ways to get the results we want.

-Posted by Dhana

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