Video Tutorial: Introduction to Project Management using Dot Project #PMP – Project Management

From: http://sitestree.com/?p=5085
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Post Data:2006-09-30 00:54:02

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Microsoft Project Tutorials #PMP – Project Management

From: http://sitestree.com/?p=5034
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Post Data:2012-01-24 17:01:47

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Resources for PMP Certification exam #PMP – Project Management

If you want to be a Project Manager in a software company, the PMP certification will definitely be an asset along with your experience. Though, I believe, only the certification can not make you a capable project manager. It definitely helps, the theories will help you to see the different views/aspects of your solutions and decide intelligently. This is a yahoo group providing PMP certification resources. You will need to login though.

From: http://sitestree.com/?p=5013
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Post Data:2013-03-08 01:05:00

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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 Management
Identification and assignment of resources for risk management
Risk categories
Risk Probabilities and impacts
The format of risk reporting and tracking

Processes of Risk Management:
Risk Identification
Risk Analysis
Risk Response Planning
Risk Monitoring and Control

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

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.

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=4803
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Post Data:2007-06-08 07:31:43

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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 should be complete at a certain date according to the plan. Planned Value = Planned%complete*BAC

Earned Value (EV): How much is actually done during a period. EV=Actual%Complete*BAC

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

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=4802
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Post Data:2013-03-29 00:12:18

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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 system
2. Operation cost
3. 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 ESTIMATING
When cost estimation is done?
After project scope is defined, and work breakdown structure is created.But may be performed again and again over the total life cycle

Tools
Analogous Estimating
Based on the similar actual projects

Bottom up estimating:
Estimate cost for each activity and sum them – time consuming

Parametric Estimating
1 mile road construction needs $400,000$. So 10 miles will require 10*400,000$.

Reserve Analysis
A buffer cost against slippage on the project

Cost of Quality
Costs required in order to get quality

Output
Activity Cost Estimates

COST BUDGETING
Maps costs and dates. How much will be spent on what and when. Also termed Cost Baseline

When cost budgeting is done?
After activities are defined and scheduled. Activity durations and resource requirements are also estimated.

Tools
Cost Aggregation
Activity level costs should be aggregated to the work level where they will be measured, managed, and controlled.

Reserve Analysis
Financial reserve to protect projects against cost overrun

Parametric Estimating
Use simple straight forward formulas

Funding Limit Reconciliation
Comply with the project funding. many times funds are allocated even before the scope is defined.

Output
Cost Baseline
Project Funding requirements

COST CONTROL
Monitoring, controlling, adjusting costs

When it is performed?
Over the whole life cycle. Bi-weekly or monthly analysis may be done

Tools
Cost Change Control System
How the cost baseline may be changed

Performance Measurement Analysis
Calculate Earned Value, Planned Value, Actual Cost, Estimate to complete, Estimate at Completion, Cost Performance Index and similar to measure performance and control costs based on these

Forecasting
Use current and previous cost values to estimate future costs

Variance Management

Output
Cost Estimate Update
Cost Baseline Update

Performance Measurement Analysis will be discussed later

From: http://sitestree.com/?p=4799
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Post Data:2011-04-22 02:11:46

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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 – plan
Identify quality specifications and requirements for the project. Plan hos the quality specifications will be met.

Output:
Quality management plan
Quality metrics
Quality checklists
Process improvement plans
Quality baseline

Tools:
Cost benefit analysis
Benchmarking
Cost of quality

Quality assurance
Remember it is not quality control, it is just executing the development in such a way so that the quality requirements are met

Output:
Requested changes
Requested corrective actions
Modifications to Project management plan

Input
Quality management plan
Quality metrics
Quality control measurements

Quality Control
Quality Control checks if the quality requirements are met or not. It is done throughout the process/development/production life cycle.Quality Control uses statistical sampling

Tools for Quality Control:
Cause and effect diagram: Shows how different factors relate together and affect the quality

Control Charts: Uses statistical sampling and known as statistical process control.
Example: take quality mesurements of different samples. Find the avergae quality. Draw a line with the average quality. Plot all the samples’s quality. Draw the line for upper quality limit. Draw the line for lower quality limit. If all/most points are in between the process may be in control. If seven consecutive samples fall on one side of the avergae line the samples must be inspected.

Flowcharting:Shows how different components relate and determine where quality problems may occur. Example: Cause and effect diagram

Histogram:

Pareto chart: Histogram-shows defects ranked from greatest to least.

Pareto law: 80% problems come from 20% problems. Pareto chart is used to find the root causes of the problems.

Run Chart: Displays quality over time. Example: Time/month on X axis, defects per thousand on y axis.

Scatter Diagram: Plot all data and try to find the trendsStatistical Sampling: Take a sample randomly and measure quality

Inspection:

Defect repair review

Some TermsTotal Quality Management: Everyone in the company is responsible for the quality and can influence the quality of the outcome

ISO 9000: Ensures that companies document what they do and do what they document

Statistical Independence: Two samples are not dependent on each other

Mutually Exclusive: One choice excludes the other

Standard Deviation: Calculate the mean. Then find difference between each data point and the mean. Square each of the differences.std dev = SQRT((sum of the squired differences)/(count data points – 1)). The higher your standard deviation the more diverse the data points.

Six Sigma: six sigma standard deviations (99.99966% of the data points) meet customer’s quality limits.

Prevention vs inspection:

Attribute sampling: conforms quality or not. binary

variable sampling: How well something conforms to quality

Special causes: Unusual and preventable

Common Causes:normal

Tolerance:quality limis for product acceptanceControl Limits: Three standard deviation above and below the mean.

From: http://sitestree.com/?p=4773
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Post Data:2012-02-22 22:14:48

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Project Time Management: Part-1 #PMP – Project Management

[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 Management
Project time management process

1. Define Activities Required
2. Sequence Activities
3. Estimate Resources for the Activities
4. Calculate Duration of the Activities
5. Develop Schedule
6. Control Schedule

Process:
Define Activities Required: List all the activities, functionalities, modules, components you want to develop. When the project scope is defined, use it to decompose the work into activity list. Work breakdown structure will be useful at this stage. List what modules, components the project will handle. List all the functionalities/activities that are required for each of the modules/components. For each activity, define properties, assumptions, quality requirements, and output requirements.

Input: Project scope statement, Work breakdown structure
Output: Project activities [activity list], Activity attributes, milestone list, requested changes

Tools:

Decomposition:Decompose work into smaller activities. Project team or the functional manager may be of good use here.
Templates: The Company may have them, other project may have them, and some standards like IEEE may define some templates
Rolling Wave Planning: Many later aspects of the project may not be understood at the beginning. Hence, initially decompose as much as possible and later with the progress, improve the decomposition
Expert Judgment: Take help of other experts in the field. Project team or the functional manager may be of good use here.

Sequence Activities: Find the order/sequence of the activities. Some activities may be dependent on the completion of another activity. Some modules may be dependent on the completion of another module. Sometimes, it may be the case; some activities/modules are not strictly dependent on another activity but may be preferable to start after another activity/module [Best Practice]. Note: module refers to a complete unit/component where each module may have many activities. In this step, you need to find the sequence and then create a project network diagram.

Input: Mostly from the first step.
Project scope statement,
Activity list,
Activity Attributes
Milestone List
Approved change requests

Tools:

Precedence Diagram Method (PDM): Activities are represented by the nodes where arrows represent the dependencies that exist between the activities.
Arrow Diagramming Method (ADM): Activities are represented using arrows where nodes represent the connection points. We can create dummy activities with dotted arrows [not possible in pdm].
Graphical Evaluative Review Technique (GERT): Like the PDM diagrams. Additionally, you can show dependencies among activities. Also, you can represent repeated processes.
Network Templates: Sub networks of another project in the organization may be useful.
Dependency Determination: like mandatory dependencies [you can not break the dependency], discretionary dependencies [best practices, the dependency is not strict], and external dependencies [out of the scope of the project].
Apply leads and lags:

Output: Project schedule network diagram.

3rd: Then you need to identify the resource requirements of each activity.

4th: Estimate duration for each activity. It may be experience based, practical examples based, another completed project based, mathematical analysis based.

5th: Develop the schedule; Project sequencing and time estimating will directly affect this. Several projects may require the same resource. Hence, the schedule should check when the resource is available and schedule accordingly.

6th: Monitor how the schedule is performing.

From: http://sitestree.com/?p=4770
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Post Data:2011-03-28 13:30:45

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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 needs
1. Physiological – food, clothing, shelter
2. Security – freedom from fear, job protection, safety
3. Acceptance – being a part of the team

Higher Needs
4. Esteem – feeling of importance
5.Self actualization – Live and work with full potential

McGregor’s Theory X and Theory YApplies to management approach
X: People are selfish, unmotivated, dislike work, must be forced to work, constant supervision required

Y: People are naturally motivated to work, team members need very little external supervision required.

Assembly line organizations may benefit from X type of managers.

Contingency Theory:
Managers may be task oriented or relationship oriented. In stressful situations task-oriented managers become more successful. While in calm situations relationship-oriented managers perform better.

Herzberg’s Motivation-Hygiene TheorySome factors are not directly motivating but their absence will make some people unsatisfied.

Hygiene Factors:
Supervision
Work Condition
Relationship with co-workers
Paycheck
Company Policy

Motivational Factors:
Achievement
Recognition
Work
Responsibility
Growth

Expectancy Theory:Anticipation of a reward or good outcome is a motivation. But the motivation only works if the target is achievable/practical. If a person is told if he can sale 100,000 in 4 weeks, he will get 10000$ as bonus. The person will feel motivated only if he can think it is possible but if he feels it is impossible, no motivation will be there.

Achievement Theory:People need achievement, power, and affiliation.

achievement: Desire to accomplish something
Power: Desire to influence the behavior of others
Affiliation: Desire to belong to a group

Forms of Power
The project manager may enjoy the following forms of power

Reward: reward a team member
Expert: When the manager is an expert, people will listen to him[best form of power]
Legitimate: Power due to the position.
Referent: Example: A manager very close to the CEO may feel/enjoy higher power than he really has.
Punishment: worst type
Best Form: Reward and Expert

Conflict Resolution:
Methods of Conflict Resolution
Problem-solving: Solve the problem (root cause of the problem)
Compromise
Forcing: never good in the long run
Smoothing:not recommended. Does not solve the issue
Withdrawl: ignore the issue. not a resolution

Constructive Team Roles
Initiators
Information seekers
Information givers: not confidential information
Encouragers:
Clarifiers:
Harmonizers:
Summarizers:
Gate Keepers:

From: http://sitestree.com/?p=4769
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Post Data:2007-12-11 09:18:59

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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 List
Activity Attributes
Project 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 can slip without affecting the total duration of the project.

Crashing and Fast tracking

Crashing tries to add more resources into the project to ensure that the project will be finished on time or early. [Note: Fred’s theory: Adding resources to an already delayed project will/may increase the delay]

Fast tracking tries to run multiple activities in parallel to ensure that the project will be finished on time or early.

Resource Leveling:

Apply the resource availability [and quantity] to the project duration. It may increase the project duration when sufficient resource [in quantity or at the right time] is not available.

Critical Chain Method:

It is almost similar to the Critical Path Method. Critical path method uses a concept called float. CPM first calculates the total duration and then calculates float [how much it can slip] for each activity. CPM ensures that no activity exceeds its float. In Critical Chain Method latest possible start and latest possible finish dates are determined for each activity. Afterwards, buffers are added between activities. The goal is never try to exceed the buffer.

Company Calendar

Company Calendars may be used to check the company holidays, or events that may affect the project duration/schedule.

Adjusting leads and lags.

Using CPM Model [steps]

1. CPM uses the arrow diagram method [activities and duration on arrows, nodes as connectors] to represent project activities and duration.
2. After building the diagram find the critical path [the path that takes the longest time from start to finish considering all alternatives].
3. Calculate float: how much an activity can slip without affecting the critical path.
4. Calculate Early start: The earliest date an activity can start considering the dependencies.
5. Calculate Early finish: Early start date + duration – 1
6. Calculate Late Start: What is the last date an activity can start considering the dependencies
7. Calculate Late Finish: Late start date + duration – 1
8. Calculate Free Float: Amount of time an activity can be delayed without affecting the dependent activities’ early start date
9. Calculate Negative Float: Occurs when an activity’s start date occurs before a preceding activity’s finish date

When you have calculated all the values, the values will help greatly in the schedule control.

From: http://sitestree.com/?p=4767
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Post Data:2008-05-12 07:43:30

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