1.

Influence Diagram: A graphical representation of situations showing causal infl

uences, time ordering of events and other relationship among variables and outco
me.
Let me elaborate on it. It is a graphical representation of situations (or event
s or activities) and hence a diagramming technique. It will show:
Causal influences, i.e., influence of one situation or event or condition on ano
ther based on a cause. In plain words, the events or activities in the influence
diagram influence each other.
Time ordering of events
how the events are ordered based on their occurrences
Any other relationship among variables and outcomes
Why Use Influence Diagram?
Influence diagram is mentioned as one of the tools and techniques in Identify Ris
ks process of risk management knowledge area. So, it will be used to identify all
possible risks in the project. But how?
Risks, as we know, are uncertain events or conditions. Projects have its decisio
ns from scope, time, cost and other perspectives. Within the existing project de
cision, influence diagram helps in:
Finding out the uncertainties that exists with various potential scenarios
Analyzing a particular situation and determining how a decision would be arrived
. In this respect it is similar to Decision Tree.
To find out the uncertainties within the potential paths of the diagram and henc
e identifying potential risks.
2. Facilitatin Techniques:
3. Analytical Techniqes
Regression Analysis
Grouping Method
Causal Analysis
Root Cause Analysis
Frecasting Method
Failure mode & effect analysis[FMEA]
Fault tree Analysis[FTA]
Reserve Analysis
Trend Analysis
EVM analysis
Variance Analysis
Colocation : Improve Team Performance
Schedule Model. A representation of the plan for executing the project s activitie
s including durations,
dependencies, and other planning information, used to produce a project schedule
along with other scheduling
artifacts
Scheduling Tool. A tool that provides schedule component names, definitions, str
uctural relationships, and
formats that support the application of a scheduling method.