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Vibrant Publishers

Project Management Essentials You Always Wanted To Know

    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Every project has learning that can be applied to other projects in future.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Pareto Chart helps in analyzingissues by plotting issues against their frequency of occurrence
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    A fishbone diagram is drawn with the issue on the right and probable causes on the left usually using a brainstorming session
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Lessons Learned should be created throughout the project and finalized and distributed to all stakeholders at a set frequency.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Once the project has been completely planned, the project plan is approved by the key stakeholders. This is when a Kickoff meeting is held. This meeting is not for reviewing the plan. The plan has already been approved. This meeting is to open communication channels between all stakeholders. Some of the discussions that happen during such a meeting are key project resource introductions, walkthrough of performance reports that would be sent and review of upcoming risks. Immediately after this meeting the project execution work is started.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Projects have to do make-or-buy decisions in order to come up with a list of things that need to be procured. These decisions are based on several parameters. Most common parameters in favour of making are the following:

    a) Project has expertise/capability in making it

    b) Project has idle resources/free capacity

    c) There is proprietary information involved in doing the work

    d) It is cheaper to make

    e) It is faster to make

    f) It is not available in the market to buy

    The common reasons for buying would be as follows:

    a) Project does not have the capability to make it

    b) Project does not have the capacity to make it

    c) It is cheaper to buy

    d) It is faster to buy (available off the shelf)
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Most common response to risks is mitigation. Mitigation means reduction in probability of the risk or impact of risk or both at once.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Please let me know if you have any queries or concerns
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Finally, if the project manager is unable to compress the schedule enough using the above two techniques then the project could be delivered in phases
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Crashing
    One way to compress the schedule is by increasing the resources on the critical path activities.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Fast Tracking
    If there is a possibility of removing some discretionary dependencies and doing some activities in parallel it is called Fast Tracking
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    paths that are close to the critical path are each called Near Critical Path
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    A critical path is the longest path in the project’s network diagram that dictates how long a project would take. It also tells a project manager which activities are on the critical path, and hence, to spend more monitoring and controlling time on these activities.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    It must be noted that law of diminishing returns applies to the conversion of effort to duration. For example, if an activity can be completed in 1 day by 1 person, then its duration is 1 day and effort is also 1 day. If we add one more person to the same activity then the duration may not go down to 0.5 days. It will take a little longer than that. This is because there will be an overhead of communication between the two resources.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    t must be noted that law of diminishing returns applies to the conversion of effort to duration. For example, if an activity can be completed in 1 day by 1 person, then its duration is 1 day and effort is also 1 day. If we add one more person to the same activity then the duration may not go down to 0.5 days. It will take a little longer than that.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    It must be noted that law of diminishing returns applies to the conversion of effort to duration. For example, if an activity can be completed in 1 day by 1 person, then its duration is 1 day and effort is also 1 day. If we add one more person to the same activity then the duration may not go down to 0.5 days.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    is not a good project management practice to have buffers. Instead, there should be reserves at the end of the schedule. Reserves are known to everybody and kept for the entire project based on project risks.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    It is not a good project management practice to have buffers. Instead, there should be reserves at the end of the schedule.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Activity duration depends on two things – effort and resources.
    Александр Чикиткинmembuat kutipan2 tahun yang lalu
    Project Assumptions
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