Manage communications by keeping stakeholders engaged and project team members motivated and by providing appropriate clarity and detail on relevant topics.
Monitor communications, ensuring the information needs of project stakeholders are being met in a timely fashion.
Follow procedures for project risk management.
Plan for risk management, identifying uncertainty and potentially unfavorable incidents and planning how they will be handled in projects.
Utilize tools to identify the risks associated with a project.
Example: documentation reviews, information gathering, brainstorming, checklist analysis, assumption analysis, diagramming, Strength Weaknesses Opportunities Threats (SWOT)“ analysis expert judgment techniques“
Perform and utilize qualitative risk management analysis, analyzing risks to determine their likelihood of occurrence and impact on project goals and prioritizing risks based on severity of impact.
Develop a risk response strategy to address potential risks if they arise.
Examples: plan to avoid the risk, accept the risk’s existence, mitigate the impact, transfer risk to another entity
Implement project procurement management procedures.
Establish procedures and relationships to determine what to buy, how to buy it, what suppliers to use, and the approach to getting what is needed.
Procure necessary items, negotiating contracts and agreements with sellers, suppliers, and contractors.
Monitor and control procurements, ensuring that everything goes according to plan during the contract creation and purchasing phase.
Develop a project stakeholder management plan.
Identify project stakeholders, including anyone who might be involved, interested, or have an impact on the project, and assess their involvement.
Develop a stakeholder management plan, analyzing stakeholders’ expectations of the project and deliverables.
Manage stakeholder engagement, engaging in proactive communication with each stakeholder to address concerns.
Incorporate safety procedures in handling, operating, and maintaining tools and machinery; handling materials; utilizing personal protective equipment; maintaining a safe work area; and handling hazardous materials and forces.
Demonstrate effective workplace and employability skills, including communication, awareness of diversity, positive work ethic, problem-solving, time management, and teamwork.
Explore the range of careers available in the field and investigate their educational requirements, and demonstrate job-seeking skills including resume-writing and interviewing.
Advocate and practice safe, legal, responsible, and ethical use of information and technology tools specific to the industry pathway.
Participate in a Career and Technical Student Organization (CTSO) to increase knowledge and skills and to enhance leadership and teamwork.
Discuss and demonstrate ways to value diversity.
Create and maintain complete, accurate, and necessary financial records including cash flow statements, balance sheets, income statements, and check registers
Examples: budgets, bank reconciliations, payroll, taxes, invoices, purchase orders
Evaluate various types of business budgeting methods and design a plan for money management
Identify and establish financial goals for a business
Describe sources of income for a business venture
List fixed and variable expenses
Examples: utilities, payroll, repairs, advertising, savings, profits, loan payments
Describe various types of financial statements and how they are used to make business decisions
Examples: balance sheets, income statements, cash flow statements
Analyze a balance sheet to determine the financial health of a business
Differentiate among assets, liabilities, and owner’s equity on a balance sheet
Differentiate between revenue and expenses on an income statement
Examine an income statement to determine whether the business has incurred a net income or a net loss
Define and describe basic business concepts and how they are applied to business activities
Explain the roles of business in society
Describe types of business activities
Gather and share information on major causes of business failure
