Project management and false points earned

The act of formally receiving or acknowledging something and regarding it as being true, sound, suitable, or complete. Those criteria, including performance requirements and essential conditions, which must be met before project deliverables are accepted. Acquire Project Team [Process]. The process of obtaining the human resources needed to complete the project.

Project management and false points earned

CPM was the discovery of M. Kelly of Remington Rand, circa The first test was made inwhen CPM was applied to the construction of a new chemical plant. In Marchthe method was applied to a maintenance shut-down at the Du Pont works in Louisville, Kentucky.

Unproductive time was reduced from to 93 hours. It proved to be a great communication medium by which thinkers and planners at one level could communicate their ideas, their doubts and fears to another level.

Most important, it became a useful tool for evaluating the performance of individuals and teams. How long will the entire project take to be completed?

What are the risks involved?

PERT/CPM for Project Scheduling & Management

Which are the critical activities or tasks in the project which could delay the entire project if they were not completed on time? Is the project on schedule, behind schedule or ahead of schedule?

If the project has to be finished earlier than planned, what is the best way to do this at the least cost? The procedure is listed below: The Project made up of several tasks should have only a single start activity and a single finish activity.

Develop the relationships among the activities. Decide which activities must precede and which must follow others.

Cost Variance and Schedule Variance Definitions

Draw the "Network" connecting all the activities. Each Activity should have unique event numbers. Dummy arrows are used where required to avoid giving the same numbering to two activities. This is called the critical path. Use the Network to help plan, schedule, monitor and control the project.

PERT ANALYSIS

If these "critical" activities could be identified and assigned to responsible persons, management resources could be optimally used by concentrating on the few activities which determine the fate of the entire project.

Non-critical activities can be replanned, rescheduled and resources for them can be reallocated flexibly, without affecting the whole project. Five useful questions to ask when preparing an activity network are: Is this a Start Activity? Is this a Finish Activity?

PMI – Glossary of Project Management terms

What Activity Precedes this? What Activity Follows this? · B. – False One method of reducing project duration is to D.

Project management and false points earned

– Offer reevaluation points E. – All of the above The principal flaw in milestone analysis is B. – False Earned Value Management tracks project performance, cost and heartoftexashop.com  · Project Management Knowledge. 1. The project manager's leadership style should be matched to the corresponding developmental level of the project team and should move through successive steps in the following order:heartoftexashop.com Project Management Institute Practice Standard for EARNED VALUE MANAGEMENT Global Project Management Institute Practice Standard for Earned of review questions and a parallel series of true-false questions Both are useful The former allows exploration and tests deep understanding; the latter emphasizes single points of information that heartoftexashop.com  · Complicating the issue are project management methodologies and frameworks designed for large projects.

Using such frameworks for small efforts is cumbersome and heartoftexashop.com://heartoftexashop.com  · PUBH Syllabus - Summer doc Page 1 of 10 PUBH –Summer (May 10 through July 22, ) Project Management Principles and Practices Overview PUBH , Project Management Principles and Practices, will present an overview heartoftexashop.com Control accounts are placed at selected management points Early start dates can change as the project progresses and as changes are made to the project management plan.

Earned Value (EV). A person certified as a PMP® by the Project Management Institute (PMI®)heartoftexashop.com

4 Tools to Estimate Costs in the Project Management