...
Objectives for projects, although even in these companies, this habit does not
always extend to all project areas. In good project management, Quality
Objectives are set for the project, and for the ... the $2. 3 million might be a constraint.
Chapter 2
PROJECT SCOPE
Project scope is the description of what the project will produce. Starting
at the beginning with pr...
...
Risk Planning
categories, say 70% for high, 40% for medium, 10% for low. The PM can
then discuss this reasoning with the stakeholders for any specific risks for
which the probabilities appear ... 7,200
100%
$ 73, 500
c)
58.8%
x
$125,000
-$ 30 0
d)
1.2%
x
-$25,000
$155,000
$ 60,760
e)
39 .2%
x
$25,000
$ 200
f)
0.8%
x
$ 134 ,160
100%
Once the numbers have be...
...
Choose a beverage
4. 2
Cook Breakfast
4. 3
Eat Breakfast
4. 4
Tidy up Kitchen
4. 4.1
Fill sink with hot soapy water
4. 4.2
place dishes in sink
4. 4.3 Wipe firmly with cloth
4. 4 .4 Place dishes ... on
4. 0
Breakfast
4. 1
Decide what to consume
4. 1.1
Consult calendar for appointments, etc. to nutritionally balance the day
4. 1.2
Choose something from each of the 4 f...
... of
information, project details such as resource assignment are needed for
each activity. Therefore, it often takes considerable time to obtain this
information, and sometimes, full information ... early stages of a
project, considering either major milestones, maybe drawing parallels
with previous similar projects, to estimate reasonable timeframes for a
project before the full...
... proceeds. It is better for the seller to ask for additional information, and
for the buyer to provide this before the work advances too far, to prevent any
wasted time and effort. The PM must know ... actually report to the PM for the duration of the project, or may
continue to work within the home department, contributing to the project
from there. The project manager and pr...
... estimates. Early in the project management will generally
allow costs to be forecasted within a window, but as the project moves
forward, this window will shrink. By the time the project has completed, ... budgeted amount for the full project. EAC is the estimated cost for the
full project, at some point during the project. Estimate at completion is the
current estimate of...
... implementation is required for meetings, for the same
reasons.
In this Chapter we have discussed some of the forms of communication
used by project teams, and some methods for managing the communications ...
RUNNING A PROJECT
161
Communications
cost management plan, information about the team and team management,
the communications plan and the procurement plan. This ca...
... ongoing projects.
Another approach for providing project managers is more appropriate for
smaller companies. In this case, a functional organization that has a vested
interest in mounting a project ... purely project- driven organization all activities are projects, and all
people are on project teams headed by a Project Manager, with all team
members reporting to the pro...
...
213
project. Using one of these techniques for a project only, rather than
corporately would probably create too much overhead for a project. But
some technique should be used on every project ... in project
management to benefit from any mistakes that have already been made.
When people take risk, there is a potential for mistakes. In projects there is a
need to take ris...
... ethics.
For example the codes for the Institute of Electrical and Electronics
Engineers (IEEE) and for the Project Management Institute (PMI) are
shown.
Project Managers are responsible for determining ...
MEMBER CODE OF ETHICS
The Project Management Institute (PMI) is a professional organization
dedicated to the development and promotion of the field of project
ma...
... the project status.
Chapter 12
EARNED VALUE
Earned Value is a tool which enables project managers to determine
where the project stands in relation to the budget and the schedule, even on
projects ... been introduced in
Chapter 8. But, given that the main value is as a tool for project
management, this project management chapter seems to be the best place to
cove...
... responsible for
every single activity. In the early stages, it will probably not be possible to
go beyond who is responsible for the major milestones or deliverables. Who
is responsible for Project Management? ... PM, or to do the Project Management? Or can they
approach a specific department such as engineering, or the Project
Management Office, to request a PM. If market...
... knowledge and skills.
In a projectized company, sometimes purchasing departments do not
even exist. In this case, the project team must perform this function. The
information in Chapter 6 should be ... intimately involved with
projects, which is surprising considering the potential impact of purchasing
activities. The PM should ensure that purchasing is brought into the project
ea...
...
Index
275
Project Justification, 38
Project lifecycle, 105, 228, 249, 250, 251, 252
Project management, 18
Project Management office, 265
Project phases, 251
Project success, 10
Projectized ...
processes. In this final chapter we look at the trends in project management,
and also consider models for project management maturity. Trends in project
management i...