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الأحد، 18 سبتمبر 2016

New Topics in PMI-RMP Exam




Risk Management - New Topics 2016

The below new topics are widely used and mentioned in PMI-RMP Exam, and in order to pass the exam you have to know them well.

1. Neuro Linguistic Programming

 Neuro-linguistic programming (NLP) is an approach to communication, personal development, and psychotherapy created by Richard Bandler and John Grinder in California, United States in the 1970s.

2. Latin Hepercube Sampling LHS

(LHS) is a statistical method for generating a sample of plausible collections of parameter values from a multidimensional distribution.

3. Correlation coefficient

A correlation coefficient is a coefficient that illustrates a quantitative measure of some type of correlation and dependence, meaning statistical relationships between two or more random variables or observed data values.

4. Agile Project Management

Agile project management is an iterative approach to planning and guiding project processes. 
Just as in agile software development, an agile project is completed in small sections called iterations. Each iteration is reviewed and critiqued by the project team, which may include representatives of the client business as well as employees. Insights gained from the critique of an iteration are used to determine what the next step should be in the project. Each project iteration is typically scheduled to be completed within two weeks.

5. Utility Function
the utility function measures welfare or satisfaction of a consumer as a function of consumption of real goods, such as food, clothing and composite goods rather than nominal goods measured in nominal terms. Utility function is widely used in the rational choice theory to analyze human behavior.

6. Pre-Mortem Analysis

also known as a premortem — is a managerial strategy in which a manager imagines that a project or organization has failed, and then works backward to determine what potentially could lead to the failure of the project or organization.

7.Crystal Ball Simulation
Crystal Ball is the easiest way to perform fast risk analysis and optimization in your own spreadsheets. With one integrated tool-set, you can use your own historical data to build accurate models, automate "what if" analysis to understand the effect of underlying uncertainty and search for the best solution or project mix.
Oracle Crystal Ball is the leading spreadsheet-based application for predictive modeling, forecasting, simulation, and optimization. It gives you unparalleled insight into the critical factors affecting risk. With Crystal Ball, you can make the right tactical decisions to reach your objectives and gain a competitive edge under even the most uncertain market conditions.




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