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100+ Project Management Terms: PM Terminology Explained

ProjectManager.com

It’s not merely data backup, but includes that and every other detail to ensure the project isn’t derailed by considering short- and long-term events and how to respond to them. Event chain diagram This is a visual way of demonstrating the relationship between events and tasks and how they impact one another.

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The Complete Glossary of 614 Project Management Terms

Workamajig

Accept: A response to a project risk where the project manager accepts the risk and takes no action to evade it, i.e. 'accepting' the risk. This is usually in case of risks that are unlikely to occur or minor enough so as to not affect the project's outcome. Events and milestones are represented as nodes.

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Project Management Methodologies Review (Part 1)

Wrike

Event Chain Methodology (ECM). Risks are difficult to identify and analyze, and project managers may be under pressure by stakeholders to create optimistic timelines, budgets, or deliverables. Event chain methodology helps recognize and plan for potential risks that may lie outside the project scope.