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The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in project finance. It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. [ 96 ]
A Gantt chart showing three kinds of schedule dependencies (in red) and percent complete indications. Henry Gantt, inventor of the Gantt chart. A Gantt chart is a bar chart that illustrates a project schedule. [1]
The waterfall model is a breakdown of development activities into linear sequential phases, meaning they are passed down onto each other, where each phase depends on the deliverables of the previous one and corresponds to a specialization of tasks. [1]
PERT network chart for a seven-month project with five milestones (10 through 50) and six activities (A through F).. The program evaluation and review technique (PERT) is a statistical tool used in project management, which was designed to analyze and represent the tasks involved in completing a given project.
As defined by the Project Management Institute (1996), [7] project communications management includes processes required to ensure timely and appropriate generation, collection, dissemination, storage, and ultimate disposition of project information. The following communication processes are involved in Project Communications Management, to wit:
In project management, a critical path is the sequence of project network activities that adds up to the longest overall duration, regardless of whether that longest duration has float or not. This determines the shortest time possible to complete the project.
The phrase "management is what managers do" occurs widely, [21] suggesting the difficulty of defining management without circularity, the shifting nature of definitions [citation needed] and the connection of managerial practices with the existence of a managerial cadre or of a class.
A risk matrix is a matrix that is used during risk assessment to define the level of risk by considering the category of likelihood (often confused with one of its possible quantitative metrics, i.e. the probability) against the category of consequence severity. This is a simple mechanism to increase visibility of risks and assist management ...
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