– Set 1 Q.1:- Define project management‚ resource‚ process and project cycle. Explain the life-cycle of a project. Ans:- Project management: It is an art of controlling the cost‚ time‚ manpower‚ hardware and software resources involved in a project. as “the application of knowledge‚ skills‚ tools and techniques to project activities to meet project requirements”. Project management is accomplished through the application of and integration of the project management processes of initiating
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Project Management 1. Define a) Project b) Project Management c) Process d) Resources e) Project Cost . Project Clear and accurate definition of a project is one of the most important actions you can take to ensure the project ’s success. The clearer the target the more likely you are to hit it. Defining a project is a process of selection and reduction of the ideas and perspectives of those involved into a set of clearly defined objectives‚ key success criteria and evaluated risks. This
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Contamination Cleanup Project: Lessons Learned Project Management‚ APS 1001H Fall 2011 University of Toronto Fall 2011 Table of Contents Executive Summary iii Introduction‚ Background on the Rocky Flats Site Cleanup 1 Project Management Lessons Learned 3 Time‚ Cost and Performance Management 3 Risk Management & Planning 5 Quality Management 8 Knowledge Management 9 Communications Management 10 Human Resources Management 11 Regulation Management 13 Conclusions
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2. Introduction. 3. Business Case. 4. Technical Plan. 5. Project Management Method. 6. Strategic Project Management Techniques. 7. Quality Control. 8. Project Monitoring and Controlling. 9. Risk Management. 10. Project Costing and Budgeting. 11. Project Closure. 12. References. Company Profile T&T Co. is a Cochin-based private construction and Architecture Company‚ established in 1995 mainly undertaking projects concerning building and bridge constructions
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Project Cost Management Review pages 273‚ 274‚ and 275!!! EV PV AC EVM RP CV SV CPI SPI The Importance of Project Cost Management IT projects have a poor track record for meeting budget goals. The CHAOS studies found the average cost overrun (the additional percentage or dollar amount by which actual costs exceed estimates) ranged from 180 percent in 1994 to 56 percent in 2004; other studies found overruns to be 33-34 percent. What is Cost and Project Cost
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1. What is project management? Key understanding of Project Management in changing world How can a small business succeed in a rapidly changing world‚ with changing customer desires‚ new competitors‚ new technology‚ and new suppliers hitting us from all directions? The answer is project management. Project management helps us realize our dreams‚ take an advantage of opportunities‚ and solve our problems in changing times. We’ll put project management into simple language and learn how we can
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Telephone Company charges 10 cents per minute for all calls outside the customer’s area code that last over 20 minutes. All other calls are 13 cents per minute. Design a flowchart or pseudocode for following: a. A program that accepts data about one phone call: customer area code (three digits)‚ customer phone number (seven digits)‚ called area code (three digits)‚ called number (seven digits)‚ and call time in minutes (four digits). Display the calling number‚ called number‚ and price for the
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DEFINITIONS OF RISK Brian A. Burt‚ BDS‚ MPH‚ PhD Correpondence: Dr. Brian A. Burt Department of Epidemiology School of Public Health University of Michigan 109 Observatory Street Ann Arbor‚ MI 48109-2029 Phone: 734-764-5478 Fax: 734-764-3192 E-mail: bburt@umich.edu Reprints will not be available. 2 Abstract: Risk-related terms such as risk factor‚ modifiable risk factor‚ demographic risk factor‚ risk indicator‚ determinant‚ and risk marker are often not well defined in the literature. This short
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PROJECT MANAGEMENT What is a Project? According to the Project Management Institute (PMI) ‚ a project is any work that happens only once‚ has a clear beginning and end‚ and is intended to create a unique product or knowledge. It may involve only one person‚ or thousands. It may last several days‚ or many years. It may be undertaken by a single organization‚ or by an alliance of several stakeholders. A project may be as simple as organizing a one-day event or as complex as constructing a dam on
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3012 4305 Project Management – Assignment 2 1. Managing Risk 1.1) There are four steps of risk management process. First step is risk identification. Analyze the project to identify sources of risk Create a list of all possible risks via brainstorming‚ risk profiling and problem identification. Marco risks fist‚ then micro risks. Usually organization use risk breakdown structures in conjunction with work breakdown structures to help identify and analyze risks. A risk profile is a useful
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