Connectivity Notes: Definitions & Explanations PDF | Download eBooks
Study Connectivity lecture notes PDF with project management definitions and explanation to study “What is Connectivity?”. Study connectivity explanation with project management terms to review project management course for online MBA programs.
Connectivity Definition:
Extent to which the risk is related to other individual project risks is called connectivity.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Connectivity Notes:
Project related risks have a number of characteristics. These characteristics must be considerd when performing risk assesment. Although, the general concept of risk assessment involves the chances of occurrence and theimpact of potential risks on objective, a few more characteristics can also be considered. One of these characteristics is connectivity. Connectivity refers to the degree to which a potential risk is related to other project related risks. When there is a connectivity between a risk and other individual risks, the likelihood of occurrence and impact of the risk can also be linked to other project related risks. Sometimes, one risk is dependent on other as it occurs only when the other project risk arise. The connectivity between the risks must be established well in order to manage and control them effectively.
Keep Learning with Project Management Notes
What is Cost Reimbursement Contract?
To carry out a project, a customer and contractor makes a contract for that specific project. Different types of contracts ...
What is Reward Power?
Out of all the authorities granted to the project manager, the major one is to command the project team members ...
What are Deliverables?
Deliverables are the expectations of the customer from the contractor and its project team. Deliverables are usually tangible items that ...
What is Design for X?
It is important to consider quality at early stages of a product or project. To make a product according to ...
What are Collaborative Communication Tools?
Project teams are often diverse. Diversity in the teams also involve team members belonging to different places and sometimes these ...
What is Decision Theory School of Management?
Organizations adopt different schools of management. The manager within the organization is responsible to devise his/her methodologies based on that ...