Chapter 4. Elements of Project Planning

4. Elements of Project Planning

Terms you'll need to understand:

	Acceptance
	Avoidance
	Enhance
	Expected monetary value
	Exploit
	Mitigation
	Process improvement planning
	Procurement management plan
	Procurement planning
	Qualitative risk analysis
	Quality management
	Quantitative risk analysis
	RACI
	RAM
	Responsibility matrix
	Risk event
	Risk factor
	Risk identification
	Risk management
	Risk register
	Risk response planning
	Share
	Staff acquisition
	Subsidiary plans
	Transfer
	Utility theory

Techniques and concepts you'll need to master:

	The difference between risk management planning and risk response planning
	The purpose and elements of each subsidiary management plan
	Human resource principles and PMI's human resource management philosophy
	Human resource responsibilities of the project manager
	Quality management principles and PMI's quality management approach
	Cost of quality
	Difference among quality planning, quality assurance, and quality control
	The various responses to risks
	Understanding key procurement management principles and PMI's procurement management philosophy
	Contract types and risk/benefits to sellers and buyers