4626916
Description
Mind Map by SUSY BOTELLO, updated more than 1 year ago
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Created by SUSY BOTELLO
about 8 years ago
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SAB9#73_RISK_RESERVE
- EARN VALUE MANAGEMENT
- Here’s where you measure how your
project is doing compared to the plan.
- Here’s where you measure how your
project is doing compared to the plan.
- TO-COMPLETE PERFORMANCE INDEX (TCPI)
- Is a calculation that you can use to help you
figure out how well your project needs to
perform in the future in order to stay on budget.
- Is a calculation that you can use to help you
figure out how well your project needs to
perform in the future in order to stay on budget.
- PERFORMANCE REVIEWS
- Reviews are meetings where the project
team reviews performance data to
examine the variance between actual
performance and the baseline.
- Reviews are meetings where the project
team reviews performance data to
examine the variance between actual
performance and the baseline.
- FORECASTING
- Use the information you have about
the project right now to predict how
close it will come to its goals if it
keeps going the way it has been.
- Use the information you have about
the project right now to predict how
close it will come to its goals if it
keeps going the way it has been.
- PROJECT MANAGEMENT SOFTWARE
- You can use software packages to track
your budget and make it easier to know
where you might run into trouble.
- You can use software packages to track
your budget and make it easier to know
where you might run into trouble.
- RESERVE ANALYSIS
- Throughout your project, you are looking at
how you are spending versus the amount of
reserve you’ve budgeted.
- CONTINGENCY RESERVES
- Are used for known risks and answer cost
- Are used for known risks and answer cost
- MANAGEMENT RESERVES
- A lump sum management reserve is used to
accomodate unknown or unidentified risks. This
is asigned by the sponsor.
- A lump sum management reserve is used to
accomodate unknown or unidentified risks. This
is asigned by the sponsor.
- Throughout your project, you are looking at
how you are spending versus the amount of
reserve you’ve budgeted.
- DETERMINING RESOURCE COST RATES
- Whe the Project includes plans to outsource
pieces of work, the estimate cost and plan
procurement management process impact each
other and require iterations as planning
progresses. Planning is iterative.
- Whe the Project includes plans to outsource
pieces of work, the estimate cost and plan
procurement management process impact each
other and require iterations as planning
progresses. Planning is iterative.
- COST OF QUALITY
- The cost of work added to the
Project to accommodate quality
efforts.
- The cost of work added to the
Project to accommodate quality
efforts.
- GROUP DECISION MAKING
- Involving team members in estimating
cost improves accuracy because they are
the ones most likely to understand what's
involved in the effort.
- Involving team members in estimating
cost improves accuracy because they are
the ones most likely to understand what's
involved in the effort.
- PROGRESS REPORTING
- The PM can use information about Project progress to
help control the Schedule and costs and to assess whether
the Project is on track through earned value
measurement.
- The PM can use information about Project progress to
help control the Schedule and costs and to assess whether
the Project is on track through earned value
measurement.
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