Monitoring and Controlling
Stage Gate Planning
Detailed Phase Planning
Rolling Wave Planning
Life Cycle Planning
Monitoring and Controlling
Responsible, Accountable, Confirm, Inform
Recommended, Accountable, Consulted, Inform
Responsible, Accountant, Consulted, Inform
Responsible, Accountable, Consulted, Inform
Project team status meeting
Use the best guess and estimate all activities since there will be changes as the project progresses and more information becomes available
Involve people who will be doing the work to get estimates
Estimate for what the cost will allow and include buffers
None of the above
Delivering specific project objectives and controlling the assigned project resources to best meet objectives of the project.
Identification and development of project management methodology, best practices, and standards.
Centralized repository and management for both shared and unique risks for all projects.
A mentoring platform for project managers.
Project plan development.
Project plan execution.
Estimating by extension.
History based estimating.
A formally constituted group of stakeholders responsible for minimizing the number of approved changes, with all decisions and recommendations being recorded..
A formally constituted group of stakeholders responsible for reviewing, evaluating, approving, delaying or rejecting changes to the project, with all decisions and recommendations being recorded.
Functionally equivalent to a project steering committee.
Any group of stakeholders that meets to review or approve changes
Increase as the project starts up and progresses
Decrease as the project starts up and progresses
Increase or decrease depending on the scope of the change
Always require the project sponsor's approval
Takes the longest time to complete
Must be done before any other tasks
Allows some flexibility in scheduling a start time
Is not affected by schedule slippage
Cost and staffing levels are low at the start, higher towards the end and drop rapidly as the project ends
Risk and uncertainty are highest at the end of the project
The probability of successfully completing the project is low at the start and gets progressively higher as the project continues
The ability of stakeholders to influence the final characteristics of the project product is highest at the start of the project
Buying clothes from the market on a special sale.
Planning for your friends wedding.
Building a bridge across the Amazon river.
Cleaning the office building every day.
Change Control Board
If a risk is identified in a risk response plan, then that means that risk has already happened.
Once a risk has happened, you refer to the risk management plan to determine what action needs to be taken.
A risk that was not planned but has happened is called a trigger.
Risk identification happens in all the phases of the project.
Here's an interesting quiz for you.