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Managing Project Assumptions and Risks

The IIL Blog

For example, the projects must be delivered by a certain date. For example, IF the project costs more than planned, THEN there are multiple potential impacts. Elements in the assumptions log can include: Describe the assumption using the most specific and definable information available. Constraints also create risks.

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Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

Today’s PMI activity code, I’ll have up on the screen here in a minute. I mentioned the five star because I saw this event is up on PMI. Jeff: PMI took a stand back and said, you know what? A project is more organic in a lot of cases. You can see that up here on the slide. Jeff, a big MPUG welcome back.

PMI 59
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Compendium of Works to Increase Probability of Project Success

Herding Cats

The overarching theme is focused on defining what Done looks like, assessing progress toward Done in units of measure meaningful to the decision makers. Managing projects in the presence of uncertainty means making decisions about cost, schedule, and technical performance all risk-adjusted , from the uncertainties that create risk.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Benefits Framework: This defines the expected benefits of the project, the specific operations it would affect, and how the project's performance would be; a) realized, and b) measured. Blueprint: A project blueprint defines the scope of the project, the business goals it is meant to achieve, and the broader vision behind it.