Basics
Developing a Baseline Budget for a Project
A cost baseline is an approved time phased plan. Once a detailed budget is developed and approved, the…
August 10, 2021 · Rajil TLAuthor: Rajil TL
Rajil TL is a SenseCentral contributor focused on tech, apps, tools, and product-building insights. He writes practical content for creators, founders, and learners—covering workflows, software strategies, and real-world implementation tips. His style is direct, structured, and action-oriented, often turning complex ideas into step-by-step guidance. He’s passionate about building useful digital products and sharing what works.
Basics
Project Scheduling
The project schedule is the tool that communicates what work needs to be performed, which resources of the…
August 10, 2021 · Rajil TLBasics
What is the difference between projects and operations?
In any organization, only two aspects of work exist—on-going operations and projects. Projects are defined as unique, temporary…
August 10, 2021 · Rajil TLBasics
5 Basic Phases of Project Management
Project Management defines as “the application of knowledge, skills, tools and techniques to a broad range of activities in…
August 10, 2021 · Rajil TLBasics
Who are Project Managers?
They are organized, passionate and goal-oriented who understand what projects have in common, and their strategic role in…
August 10, 2021 · Rajil TLBasics
What is Project Management?
More specifically, what is a project? It’s a temporary endeavor undertaken to create a unique product, service or…
August 10, 2021 · Rajil TLFinancial & Risk Aspects of Projects
Quantitative Risk Analysis
· Analyse numerically the probability and consequence of each risk · Decision Tree analysis · Expected Monetary Value Analysis (EMV) EXPECTED…
August 10, 2021 · Rajil TLFinancial & Risk Aspects of Projects
Perform Qualitative Risk Analysis
COMMONLY USED METHODOLOGIES · Based on Failure Modes and Effects Analysis (FMEA) · Frequency and Severity Matrix · What-If Analysis · Hazard…
August 10, 2021 · Rajil TLFinancial & Risk Aspects of Projects
Risk Breakdown Structure
IDENTIFY RISKS Typical Information Gathering Techniques Brainstorming Delphi technique · Successive anonymous questionnaires on project risks with responses summarized…
August 10, 2021 · Rajil TLFinancial & Risk Aspects of Projects
How Do We Manage Risk?
Using the six risk management processes · Plan Risk Management · Identify Risks · Perform Qualitative Risk Analysis · Perform Quantitative Risk…
August 10, 2021 · Rajil TL