[note: My articles are just a note/reminder to me. I keep them here so that I can refresh my memory whenever required. The artcles may be weak as a writing component. Thanks.] Project Time ManagementProject time management process 1. Define Activities Required2. Sequence Activities3. Estimate Resources for the Activities4. Calculate Duration of the Activities5. Develop …
Category: Root
May 16
Project Quality Management #PMP – Project Management
Project Quality Management Quality management has three aspects: 1. Quality planning – plan 2. Quality Executing – quality assurance – execute 3. Quality controlling – monitor and control Quality planning – planIdentify quality specifications and requirements for the project. Plan hos the quality specifications will be met. Output: Quality management plan Quality metrics Quality checklists …
May 16
Project Cost Management – Part 1 #PMP – Project Management
Some Concepts in Project Cost Management Costing Involves:1. cost to purchase, develop i.e. to have the system2. Operation cost3. Cost to disposal Value Engineering:Get the most from a project–decrease cost–increase value–increase quality–shorten schedule–keep project scope not reduced COST ESTIMATINGWhen cost estimation is done?After project scope is defined, and work breakdown structure is created.But may be …
May 16
Project Cost Management – Part 2 #PMP – Project Management
Project Cost Management – Part 2 Terms:Earned Value: The value the spent money brought to the project. Just like double entry accounting system: for every debit to an account there is a corresponding credit. Budgeted at Completion (BAC): How much was originally planned for this project. Planned Value (PV): Calculates how much of the project …
May 16
Project Risk Management #PMP – Project Management
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 ManagementIdentification and assignment of resources for risk managementRisk categoriesRisk Probabilities and impactsThe format of risk reporting and tracking Processes of Risk …
May 16
Project Human Resource Management #PMP – Project Management
Some topics on Project Human Resource Management that Project Managers Should Understand understand. Maslow’s Hierarchy of Needs:Basic theory of motivation. Five levels of motivation: Lower needs1. Physiological – food, clothing, shelter2. Security – freedom from fear, job protection, safety3. Acceptance – being a part of the team Higher Needs4. Esteem – feeling of importance5.Self actualization …
May 16
Professional Responsibilities for Project Managers: A Quick Review #PMP – Project Management
Professional Responsibilities for Project ManagersSimply: Handle any issue directly, ethically, and legally. Be open and upfront. Solve issues quickly, openly,fairly.Be direct to solve an issue rather than ignoring it. Professional Responsibility deals with:1. Responsibilities to the profession2. Responsibilities to the customers and the public Responsibilities to the profession: 1. Compliance with all organizational rules 2. …
May 16
Project Schedule Development: Part of Project Time Management #PMP – Project Management
Project Schedule Development In this phase, project duration, project finish date, schedules of the activities are determined. Input: Activity ListActivity AttributesProject Schedule Network Diagrams Activity Duration Activity Resource Requirements Resource Calendars Tools: Critical Path Model (CPM) CPM is extensively used to determine the project duration. CPM method also helps to identify how much individual activities …
May 15
Initiate a Project #PMP – Project Management
Initiating Projects How a project starts? Projects are done for one of the following three reasons Business Requirements: Example: The government requires airline companies to implement safety-management systems. A company needs to find out the success of their ecommerce web-site. Opportunities:To take advantage of an opportunity like technology breakthrough. Example: many projects may be planned …
May 15
Review: Overview of Project Management #PMP – Project Management
Overview of Project Management [Source Internet] What is a project? A project is an activity that using plans and processes creates a product, a service, or a result. A product is a physical product like a TV, a service is like the Internet, a website; result [analytical model, proof of something] is the knowledge based …
