PROJECT RISK MANAGEMENT Project Risk Management includes the processes of identifying potential risks, conducting risk management planning, risk probability and impact analysis, risk response planning, response implementation, and monitoring risk on a project. The prime objective of project risk management is to increase the probability (likelihood of occurring) and/or impact of positive risks (opportunities) and


RELATIONSHIP OF PROJECT, PROGRAM, PORTFOLIO, AND OPERATIONS MANAGEMENT There exists a relationship between project program portfolio operations management in large organizations undertakings several projects at a time. This relationship is natural and beneficial for organization’s to effectively use the common resources. To better understand the relationship among project program portfolio operations management, first understand the


PROJECT MANAGEMENT OFFICE (PMO) Project management office (PMO) is an organizational structure that standardize the project management processes and provide facilitation to share all type of resources, tools and techniques, frameworks, models and methodologies. PMO has the responsibility to perform project management support functions and to instruct the management of project(s). Project management office provide

Project Manager Responsibilities

Project Manager Responsibilities Project manager has to exercise four management functions which are planning, organizing, leading, controlling. These are also called the P-O-L-C framework. Project manager is the most responsible person of the project and he has to manage each and every thing of the project including decision making.  Life of the project manager is

PMBOK 6th Edition vs PMBOK 5th Edition

PMBOK 6th Edition vs PMBOK 5th Edition PMBOK 6th edition is newly published by Project Management Institute (PMI) in 2017 while PMBOK 5th edition was published in 2013. In latest edition there are numerous changes like inclusion of new processes, changing in name of some knowledge areas and processes and deletion of some processes. PMBOK 6th edition