Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
Esri is an American multinational geographic information system (GIS) software company. It is best known for its ArcGIS products. With a 40% market share, Esri is the world's leading supplier of GIS software, web GIS and geodatabase management applications.
An application program is a computer program designed to carry out a specific task other than one relating to the operation of the computer itself, typically to be used by end-users. Word processors, media players, and accounting software are examples. The collective noun "application software" refers to all applications collectively. The other principal classifications of software are system software, relating to the operation of the computer, and utility software ("utilities").
Microsoft Project is a project management software product, developed and sold by Microsoft. It is designed to assist a project manager in developing a schedule, assigning resources to tasks, tracking progress, managing the budget, and analyzing workloads.
Risk analysis is the science of risks and their probability and evaluation.
OrCAD Systems Corporation was a software company that made OrCAD, a proprietary software tool suite used primarily for electronic design automation (EDA). The software is used mainly by electronic design engineers and electronic technicians to create electronic schematics, and perform mixed-signal simulation and electronic prints for manufacturing printed circuit boards (PCBs). OrCAD was taken over by Cadence Design Systems in 1999 and was integrated with Cadence Allegro in 2005.
ArcGIS is a family of client, server and online geographic information system (GIS) software developed and maintained by Esri. ArcGIS was first released in 1999 and originally was released as ARC/INFO, a command line based GIS system for manipulating data. ARC/INFO was later merged into ArcGIS Desktop, which was eventually superseded by ArcGIS Pro in 2015. ArcGIS Pro works in 2D and 3D for cartography and visualization, and includes machine learning (ML).
Project portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics. The objectives of PPM are to determine the optimal resource mix for delivery and to schedule activities to best achieve an organization’s operational and financial goals, while honouring constraints imposed by customers, strategic objectives, or external real-world factors. Standards for Portfolio Management include Project Management Institute's framework for project portfolio management, Management of Portfolios by Office of Government Commerce and the PfM² Portfolio Management Methodology by the PM² Foundation.
Threat modeling is a process by which potential threats, such as structural vulnerabilities or the absence of appropriate safeguards, can be identified and enumerated, and countermeasures prioritized. The purpose of threat modeling is to provide defenders with a systematic analysis of what controls or defenses need to be included, given the nature of the system, the probable attacker's profile, the most likely attack vectors, and the assets most desired by an attacker. Threat modeling answers questions like "Where am I most vulnerable to attack?", "What are the most relevant threats?", and "What do I need to do to safeguard against these threats?".
A risk register (PRINCE2) is a document used as a risk management tool and to fulfill regulatory compliance acting as a repository for all risks identified and includes additional information about each risk, e.g., nature of the risk, reference and owner, mitigation measures. It can be displayed as a scatterplot or as a table.
Event chain methodology is a network analysis technique that is focused on identifying and managing events and relationship between them that affect project schedules. It is an uncertainty modeling schedule technique. Event chain methodology is an extension of quantitative project risk analysis with Monte Carlo simulations. It is the next advance beyond critical path method and critical chain project management. Event chain methodology tries to mitigate the effect of motivational and cognitive biases in estimating and scheduling. It improves accuracy of risk assessment and helps to generate more realistic risk adjusted project schedules.
When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on. These uncertainties are risks to the project. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency.
A glossary of terms relating to project management and consulting.
Sciforma, previously named PSNext, is an enterprise Project and Portfolio Management (PPM) software developed by Sciforma Corporation. Sciforma Corporation is an American software company based in San Jose, California. It is a Java web based cross-platform solution. It provides integration of portfolio, project, resource and document management and is completely configurable. The current software version is Sciforma 7.1. This version adds Single sign-on and an HTML5 interface enabling access from mobile devices or thin clients.
Criticality index is mainly used in risk analysis. The Criticality Index of an activity (task) can be expressed as a ratio but is more often expressed as a percentage. During a simulation tasks can join or leave the critical path for any given iteration. The Criticality Index expresses how often a particular task was on the Critical Path during the analysis. Tasks with a high Criticality Index are more likely to cause delay to the project as they are more likely to be on the Critical Path. If a task does not exist for some iterations then it is marked as not being critical. For example, a task that existed for 50% of the iterations and was critical 50% of the time it existed would have a Criticality Index of 25%.
IT risk management is the application of risk management methods to information technology in order to manage IT risk, i.e.:
The following outline is provided as an overview of and topical guide to project management:
Spider Project is a project management software, developed by a company, called Spider Project Team.
