Project Management Terminology
Work Performance Data. The raw observations and measurements identified during activities being performed to carry out the project work.
Sensitivity Analysis. An analysis technique to determine which individual project risks or other sources of uncertainty have the most potential impact on project outcomes, by correlating variations in project outcomes with variations in elements of a quantitative risk analysis model.
OBS (english) : Organizational Breakdown Structure
If you are managing projects here are 6 good reasons to obtain your certification as Project Management Professional, PMP.
Question to a Project Management Professional
|Question||Select the best option|
|You are leading a project team of 5 people. You have hired 2 additional persons who are join the team. How many additional communication channels will you have?||
Answer & Explanation
Explanation : The total number of communication channel between n persons is: N = n(n-1)/2, where n = number of persons. The project communications plan, therefore, should determine and limit who will communicate with whom and who will receive what information. Number of persons before = 6 (1 PM + 5 team members) after = 8 (1 PM + 7 team members). Additional communication channels = 28-15 = 13.
Why are more than 790.000 executives around the globe certified as PMP?
- Reason 1: Better opportunities for attractive positions
- Reason 2: Prospects of above average income
- Reason 3: Personal development
- Reason 4: Knowledge and ability up to date
- Reason 5: Competences in the international context
- Reason 6: Comprehensive operational capability