Dormancy Notes: Definitions & Explanations PDF | Download eBooks
Study Dormancy lecture notes PDF with project management definitions and explanation to study What is Dormancy?. Study dormancy explanation with project management terms to review project management course for online MBA programs.
Dormancy Definition:
Dormancy is the period of time that may elapse after a risk has occurred before its impact is discovered.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Dormancy Notes:
In addition to the chances of occurrence and the effect of potential risks on project objective, some other characteristics of the risks can also be considered for assessment. One of these characteristics is dormancy. Dormancy refers to the time period between the risk occurrence and risk impact. Sometimes, a risk occurs during the project but does not affect any of the project's objectives. This type of risk must not be ignored. This is due to the fact that the impact of the risk sometimes emerges after a certain time period. So, when a risk occurs, corrective actions must be established so that the impact of the risk be eliminated before the risk actually affects the project. A short time period refers to low dormancy.
Keep Learning with Project Management Notes
What is Project Management Information System?
With the increase in the use of technology, project management is also moving towards computer tools. The activities of project ...
What is Risk?
Every project has some uncertainty. There is always a chance that an unfortunate event might happen during the project. This ...
What is Relationship building?
In order to do pre-RFP efforts, it is important to build relationships with the customers. Relationship building provides better opportunities ...
What is Compromising?
Conflicts are a part of project. A project manager must identify the conflicts among the team members and the reasons ...
What is Checklist?
As the name indicates, a checklist is a list of project related items, or actions. Checklists are usually made to ...
What is Integrated Change Control?
Changes in the project are inevitable. The initiated changes must be managed and controlled effectively. A process that reviews any ...
