article thumbnail

How to Create a Project Initiation Document (Template Included)

ProjectManager.com

What Is a Project Initiation Document (PID)? A project initiation document (PID) is used to define the project thoroughly. It’s similar to a project charter but more in-depth. It’s used primarily in PRINCE2 methodology, which is an acronym that stands for PRojects IN Controlled Environments.

article thumbnail

What Is a Product Breakdown Structure (PBS)? Templates & Examples Included

ProjectManager.com

The product breakdown structure can be used in any product management situation, though it stems from the PRINCE2 methodology. There, it’s used to analyze, document and communicate the outcomes of a project. Let’s take a look at this PRINCE2 Wiki page on project plans, which has a product breakdown structure example.

Prince2 206
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Risk Management Resources

Herding Cats

Risk Management is essential for development and production programs. Information about key project cost, (technical) performance, and schedule attributes is often uncertain or unknown until late in the program. Effective Risk Management 2 nd Edition , Edmund Conrow, AIAA, 2003. Risk Management Papers. “A

article thumbnail

A Compendium of Risk Management Resources

Herding Cats

This blog page is dedicated to the resources used to manage the risk encountered on software-intensive systems using traditional and agile development methods. Let's start with a critical understanding of the purpose of managing risk on software development projects. Making these decisions in the presence Uncertainty ?

article thumbnail

Project Cost Management – The Essential Things to Know and Do

Online PM Courses

Project Cost Management often puts people off. But there’s little your project sponsor, your client, or their Finance Director care about more than your budget and how closely you can stick to it. Project cost over-runs are common. The governance considerations for project cost management.

article thumbnail

Episode 185 – Redefining Project Success through Sustainable Project Management

Velociteach

now I’ve got to do a risk analysis. But you’re not thinking about the impact analysis, the risk to the project, but the impact of the project to the greater community. We’re taught just to think about risks to the project. What about other types of risks, other types of impact? And as for cost!

article thumbnail

Misunderstanding Making Decisions in the Presence of Uncertainty

Herding Cats

The risk is created when we have not accounted for this natural variances in our management plan for the project. If we do not have a sufficient buffer to protect the plan from these naturally occurring variances, our project will be impacted in unfavorable ways. An aleatory risk is expressed as a relation to a value.

2003 46