Here we will talk about the topic; Contingency Plan vs Fallback Plan with examples. Contingency plan and fallback plan are common risk management terms. If you are working in the field of risk management, most probably you know when and … Read more
Residual Risks vs Secondary Risks – We have to face risks in our daily lives. In some cases, we try to avoid them. However, risks are inevitable situations that may affect our plans. The same goes for organizations and projects. … Read more
What Is the $ Symbol in Excel (Excel Formulas)? What do the symbols such as &,$,{, and other cell references mean in Excel formulas? A lot of people ask this because they see these symbols in their Excel worksheets and … Read more
What is Total Quality Management? Today, companies use quality, price, and speed elements to increase their profitability and gain customer satisfaction. Companies that manage these elements well survive. Yet, others do not get the result they want. The total quality … Read more
The benefits of risk management to projects are enormous. If you follow a proactive path in uncertain project results and phenomena, you can gain a lot. Thus, the effects of project threats are minimized in the outputs. You get the … Read more
Enterprise risk management (ERM), which provides a portfolio view of the most important risks. is a framework for managing organizational risks. Do you know what the principal risks facing your organisation are? Do you need help in developing a Risk … Read more
PMP aspirants usually ask these common questions while preparing for the PMP Certification Exam: What are the project management processes? What are the project management knowledge areas? Why do we need these project management process groups and knowledge areas? They … Read more
Have you ever heard contingency budget in project management? Actually, Contingency Reserve vs Management Reserve is an important topic for the PMP Certification exam. You may encounter some questions related to the reserves. Calculating reserve is a part of a … Read more
People face risks in their everyday life. In a similar manner, project teams, companies, organizations, and even projects face risks in their life cycle. Based on the risk type and circumstances, they practice methods to overcome the risks. Project risk … Read more
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