estimate is a prediction of the likely cost of the resources that will be required to complete all of the work of the project High level formulas are good for selecting a project but not for managing one. First step on budgeting: cost estimate is allocated to packages Second Step: budget of every package is distributed over the duration of the work project TBC: Total Budgeted Cost Analogous estimate: uses previous projects to predict the cost Parametric estimate: model is built using parameters
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Project Feasibility Analysis Principle of Planning and the Project Approach Planning What is Planning? * Future Making * Shortcut to the future Why Planning * Scarcity of resources * Unlimited Wants of people * Welfare Maximization in the long run How or Technique of Planning 1. Short term Planning Technique “Empirical Approach” Data>Problems>Needs 2. Long term Planning Technique a. “Model and Programming Approach Planning Process 1. Plan Formulation
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contained in the Project Charter? b) What phase is the Project Scope produced? What are some of the items contained in this document? c) What phase is the WBS produced? A; a) The project charter is the planning team’s concise statement of core goals‚ values‚ and intent in order to provide the ultimate policy direction for everything that comes next. Items contained in project charter are; 1. Project title should be concise and create a vision for the end result of the project. 2. Purpose summarizes
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------------------------------------------------- BSc 16 (Sri Lanka) ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Project Management (MIS2002L) ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- STUDY GUIDE
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Introduction Writing the project plan provides a structured framework for thinking about how the project will be conducted. A significant value of writing a project plan is the process rather than the outcome. It forces the players to think through their approach and make decisions about how to proceed. A project plan can be formal‚ as stakeholders and supporters approve documents and procedures used to guide both project execution and project control. Overall‚ project plans create a system of document
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Scholarship Information: All high school seniors who show ambition and drive evidenced by outstanding achievement in school‚ community or workplace activities. b. Requirements: - must be a U.S. citizen - enroll full-time in an accredited college or university - a recommendation from an unrelated adult who can vouch for the student’s achievement is required c. Money: varies from $10‚000-25‚000 2. Gen and Kelly Tanabe Scholarship a. Scholarship Information: Applicants must be 9th-12th grade
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Project Management The Project Manager has some tasks that have to be carried out‚ he/she is responsible for the full project. The Project Manager has to make the best use of all the resources so the project can be completed successfully. The project Manager sets the boundaries for the project‚ such as schedules and what is done and when it has to be completed. There are various tasks the project manager is responsible for such as: 1) Time and resource allocation and management 2) Setting up
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A project network illustrates the relationships between activities (or tasks) in the project. Showing the activities as nodes or on arrows between event nodes are two main ways to draw those relationships. With activities on arrow (AOA) diagrams‚ you are limited to showing only the finish-to-start relationships - that is‚ the arrow can represent only that the activity spans the time from the event at the start of the arrow to the event at the end. As well‚ "dummy" activities have to be added
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CASE: TROPHY PROJECT 1.1 Executive Summary Executive leaders are the guardians of an organisation’s preferred culture and behaviour‚ however this is not evident in this organisation‚ There is clearly no mutual respect for employees’ rights and support from top-level management as people are intimidated and threatened if they do not deliver results. The organizations behavioural strategy needs to transform from a bureaucratic to a learning organisation where employees operate in high performance
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of Project Management Looking for a way to stay ahead of the pack in today’s competitive and chaotic global economy‚ companies are turning to project management to consistently deliver business results. Disciplined project management starts at the portfolio level‚ where the strategic vision drives initial investments and where value measures are established. A fully aligned project‚ program and portfolio management strategy encompasses the entire organization‚ dictating project execution
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