Uncertainty Performance Domain

The uncertainty performance addresses activities and functions associated with risk and uncertainty. We are discussing the details of this domain.  All lessons are based on the PMBOK®, 6th and 7th Edition.  

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CAPMP, PMP and PMBOK are registered marks of Project Management Institute, Inc.

Transcript

This is Kaye B and welcome to another episode of PMP in a Snap. 

Today, we are talking about the uncertainty performance domain. This domain addresses activities and functions associated with risk and uncertainty. Effective execution of this performance domain results in the following desired outcomes:

An awareness of the environment in which projects occur, including, but not limited to, the technical, social, political, market, and economic environments. 

·      Proactively exploring and responding to uncertainty

·      An awareness of the interdependences of multiple variables on the project. 

·      The capacity to anticipate threats and opportunities and understand the consequences of issues.

·      Project delivery with little or no negative impact from unforeseen events or conditions. 

·      Opportunities are realized to improve project performance and outcomes

·      Cost and schedule reserves are utilized effectively to maintain alignment with project objectives. 

Uncertainty, in the broadest sense, is a state of not knowing or unpredictability. There are many nuances to uncertainty, such as:

·      Risk associated with not knowing future events

·      Ambiguity is associated with not being aware of current or future conditions and

·      Complexity associated with dynamic systems having unpredictable outcomes. 

Successfully navigating uncertainty begins with understanding the larger environment within which the project is operating. Aspects of the environment that contribute to project uncertainty include but not limited to:

·      Economic factors like the availability of resources

·      Technical considerations such as new or emerging technology

·      Legal or legislative constraints or requirements

·      Physical environment like safety or working conditions

·      Social and marketing influences shaped by opinion and media

·      Political influences. This could be external or internal to the organization 

As you see, this domain addresses the various aspects of uncertainty, the implications of uncertainty, as well as options for navigating all the uncertainties. 

That is your PMP in a Snap. We’ll see you again next week.