Controlling Quality Part – 2: Monitoring and Controlling

This is a place holder. Contents will be added soon.

Please note that we have more contents after couple of posts. Hence, please keep going.

Later we have professional responsibilities, closing the project, PMP Resources, Project management Tool, Demo Quiz, Demo Exam, Misc knowledgebase, and more (will keep adding)

  From: http://sitestree.com/?p=11531
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Post Data:2017-10-17 16:54:02

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Monitoring and Controlling Projects. Part – 1.

This is a place holder. Contents will be added soon.

Please note that we have more contents after couple of posts. Hence, please keep going.

Later we have professional responsibilities, closing the project, PMP Resources, Project management Tool, Demo Quiz, Demo Exam, Misc knowledgebase, and more (will keep adding)

  From: http://sitestree.com/?p=11529
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Post Data:2017-10-17 16:46:14

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Risk Response Plan

Based on the priority for each risk:
Take no action
Take action if some events happen
Take action From: http://sitestree.com/?p=11527
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Post Data:2017-10-17 16:40:09

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Risk Analysis

Output of the Risk Identification Process is used as the input.
Qualitative Risk Analysis involves: prioritization of risks based on a probability and impact matrix for each objective

Quantitative Risk Analysis involves:
Assessing the probabilities of meeting each project objective
Prioritization of the risks based on their total effect on the overall project objectives.

Details will be provided at a later time. From: http://sitestree.com/?p=11525
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Post Data:2017-10-17 16:38:13

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Risk Identification Process:

Output of the Risk Identification Process:
Risk Register – a list of identified risks
A list of the root causes of the risks
An initial list of potential responses From: http://sitestree.com/?p=11523
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Post Data:2017-10-17 16:36:13

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Processes of Risk Management:

Risk Identification
Risk Analysis
Risk Response Planning
Risk Monitoring and Control

Details will be added later.. From: http://sitestree.com/?p=11521
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Post Data:2017-10-17 16:33:32

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Project Risk Management

This is just a placeholder now.

What is risk?
According to PMI, Risk refers to an uncertain event that has positive or negative effects on project objectives.

Risk Management Plan includes:

Tools and approaches to be used for

Risk Management
Identification and assignment of resources for risk management
Risk categories
Risk Probabilities and impacts
The format of risk reporting and tracking From: http://sitestree.com/?p=11519
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Post Data:2017-10-17 16:31:46

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Project Risk Management

What is risk?
According to PMI, Risk refers to an uncertain event that has positive or negative effects on project objectives.

Risk Management Plan includes:

Tools and approaches to be used for

Risk Management
Identification and assignment of resources for risk management
Risk categories
Risk Probabilities and impacts
The format of risk reporting and tracking From: http://sitestree.com/?p=11517
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Post Data:2017-10-17 16:29:32

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Details on Cost Management Terms. Part – 11: Project Cost Management

For now, this is just a place holder post

Schedule Performance Index (SPI): The rate at which the project is performing in respect of schedule expectations up to a point in time. SPI=EV/PV

Estimate at Completion (EAC): Forecast the total cost at project completion based on the project performance up to a point in time. EAC = BAC/CCPI

Estimate to Completion (ETC): How much more will be spent to complete the project based on past performance.

Variance at Completion (VAC): Difference between what was budgeted and what will actually be spent. VAC = BAC – EAC

Project managers need to calculate these values to get a good understanding of the project cost. He can get answers to questions like: How much is spent? How much more are required? Is the project progress satisfactory in terms of cost? — these will ultimately help in project cost control.

  From: http://sitestree.com/?p=11515
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Post Data:2017-10-17 16:27:06

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Details on Cost Management Terms. Part – 10: Project Cost Management

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Actual Cost: Money spent over the period

Cost Variance (CV): Difference between planned cost and actual cost. CV = EV – AC

Schedule Variance (SV): Difference between the planned schedule and actual schedule (as:Where the project is in the schedule). SV=EV-PV

Cost Performance Index (CPI): The rate at which the project cost is performing regarding cost expectations. CPI is done for a given period of time. CPI = EV/AC

Cumulative CPI: It’s the CPI from the project start time to a particular point in time. CCPI = CEV/CAC

  From: http://sitestree.com/?p=11513
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Post Data:2017-10-17 16:25:44

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