PMP Exam: Part – 7

Start of project ————————————————–>> Closing

Risk – High ——- Decreases as project progresses

Uncertainity -High ——- Decreases as project progresses

Ability to make changes by SH’s -High

Cost -low ————- Increases, constant and decreases.

Impact-low ————- Increases as project progresses.

CV (-) , SV(+) —> crash

CV(+) , SV(-) —-> Not enough resources applied

Cost Control — Forecasting, EVA, Perf Measurment Analysis

Residual risks —remain after risk response strategy is implemented. In questions if you encounter anything “unexpected” happening, see whether you have risk response plan as answer. Now relate this to secondary risks.