1. A general data gathering and creativity technique that can be used to identify risks, ideas, or solutions to issues by using a group of team members or subject matter experts.
2. A quantitative risk analysis and modeling technique used to help determine which risks have the most potential impact on the project. It examines the extent to which the uncertainty of each project element affects the objective being examined when all other uncertain elements are held at their baseline values. The typical display of results is in the form of a tornado diagram.
3. A technique that explores the accuracy of assumption and identifies risks to the project from inaccuracy, inconsistency, or incompleteness of assumptions.
4. The knowledge gained during a project which shows how project events were addressed or should be addressed in the future with the purpose of improving future performance.
1. Benchmarking is the comparison of actual or planned practices, such as processes and operations, to those of comparable organizations to identify best practices, generate ideas for improvement, and provide a basis for measuring performance.
2. A component of the project, program, or portfolio management plan that describes how, when, and by whom information about the project will be administered and disseminated.
3. A technique for determining the cause and degree of difference between the baseline and actual performance.
4. A risk response strategy whereby the project team acts to eliminate the threat or protect the project from its impact.