Dependency Management
The process of identifying, assessing, and controlling dependencies between tasks or projects to minimize risks and ensure smooth project execution.
61 topics found for
“risk mitigation”
Winner’s Curse
A phenomenon where the winner of an auction tends to overpay due to emotional competition, leading to a less favorable outcome than anticipated.
Groupthink
A psychological phenomenon where the desire for harmony and conformity in a group results in irrational or dysfunctional decision-making.
Pilot
A preliminary version of a project or system used to test and validate its feasibility before full-scale implementation.
Availability Bias
A cognitive bias where people overestimate the importance of information that is readily available.
Ambiguity Effect
A cognitive bias where decision-making is affected by the lack of information or uncertainty.
Negative Float
A scheduling term that indicates a delay in the project timeline that cannot be recovered.
Project Management
The abilities and knowledge required to effectively plan, execute, and close projects, including leadership, communication, time management, and risk management.
Certainty Effect
A cognitive bias where people give greater weight to outcomes that are certain compared to those that are merely probable.