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Project Management Blog
Saturday, 27 January 2007 17:30

Quantitative Risk

Quantitative Risk Analysis is performed on risks that have been prioritized by the Qualitative Risk Analysis process as potentially and substantially impacting the project’s competing demands. The Quantitative Risk Analysis process analyzes the effect of those risk events and assigns a numerical rating to those risks. It also presents a quantitative approach to making decisions in the presence of uncertainty. This process uses techniques such as Monte Carlo simulation and decision tree (comment that you’ll take about decision tree in a moment) analysis to:
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Saturday, 27 January 2007 16:50

Lessons Learned

Project Managers have a professional obligation to conduct lessons learned sessions for all projects. An example of specific lessons learned may include:

  • Update of the lessons learned knowledge base
  • Input to knowledge management systems
  • Updated corporate policies, procedures and processes
  • Improved business skills
  • Overall product and service improvements
  • Updates to the risk management plan

 

Published in Blogs
Saturday, 27 January 2007 16:47

Information Distribution

Information can be distributed through the following as well as other methods, according to project demands and as technology provides:

Published in Blogs
Saturday, 27 January 2007 16:27

Project Communications

Common sense and your own experience will play a large role in your ability to answer the questions on this topic.

Communication Processes defined: Communication is the link between people, ideas, and information. Project Communications Management includes four processes:

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