Difference Between Risk and Issue 1. Risk is uncertain event that has no effect at the present time and it has not happened. Issue is […]
Category: Project Management Interview Questions
Cost of Quality
Cost of Quality Cost of Quality is money spent during and after the project to avoid failures or because of failures. Cost of Quality consists […]
What is project
Project is temporary.Produces unique product, service or resultProgressively Elaborated
What is Cost of Quality
Cost of Quality or COQ is sum of all project costs expended for acheiving quality.
What are constraints in Project Management terms
Constraints are external factors that limits ability to plan. Example : Law , Weather or resource availability. Constraints are often closely linked with assumptions
What are Project Assumptions in Project Management terms
Project Assumptions Assumptions are things which are considered to be true while planning. Assumptions should always be documented and validated. Assumptions are often linked to […]
Comparison between Time & Material and Fixed Bid Project
Comparison between Time & Material and Fixed Bid Project Sl No Time & Material Fixed Bid 1 When requirement is not clear When requirement is […]
What are vaious Risk Management approaches ?
Below are few approaches for dealing with the risks : Avoidance: eliminate, withdraw from or not become involved. An example is deciding not to use […]
Explain steps to identify , evaluate, and manage the risks in project
Following steps are used to identify , evaluate, and manage the risks that may affect your project: 1. Identify risks. Determine which aspects of your plan or […]
Project Management : What are output of Perform Quality Assurance ?
The outputs of Perform Quality Assurance : Change Requests Project Management Plan updates Project document updates Organization process asset updates