Organization Breakdown Structure (OBS)
September 21, 2008
This is an organization chart describes the hierarchical nature of the organization, what departments exist, and who reports to whom. An organization breakdown structure (OBS) is a form of organization chart that shows how the WBS elements relate to... Read more...
Parametric Estimating
September 19, 2008
Parametric estimating is one of the tools and technique of processes like Activity Duration Estimating,Cost Estimating, Cost Budgeting. Parametric estimating is a quantitatively based estimating method that multiplies the quantity of work by the rate. This... Read more...
Nominal Group Technique
September 1, 2008
For Risk Identification, several techniques were used with assistance from the stakeholders. Nominal Group technique is an information-gathering technique similar to the Delphi technique that can be used during the Risk Identification process. This technique... Read more...
Net Present Value (NPV)
August 27, 2008
NPV compares the value of the future cash flows of the project to today’s dollars using time value of money techniques. It evaluates the cash inflows using the discounted cash flow technique, which is applied to each period the inflows are expected.... Read more...
Mitigate
August 26, 2008
Mitigate is part of the strategies for negative risks or threats which is one of the tools and techniques of Risk Response Planning. Mitigation is to reduce the probability of risk or threat and reduce the impact to an acceptable level if the risk or... Read more...