Objectives - MS Project 2010 * Track the actual progress of tasks * Updating a Project * Compare baseline data to actual and scheduled data * Viewing a Network Diagram * Earned Value Overview Once the project starts‚ it’s time to begin tracking the actual progress of tasks and resources. Tracking is the process of gathering and entering task information into the schedule. You can track progress by entering all or some of the actual information. In the previous
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budgeted cost of work performed (i.e.‚ earned value) and comparing it to the actual cost of work performed” (PMBOK‚ 2008‚ pg. 433). There are 3 elements for EVM: Planned Value (PV)‚ Actual Cost (AC)‚ and Earned Value (EV). PV is the total costs of the work schedule. AC is the total cost that was taken to complete the work. EV is the value performed by a status‚ measured in costs. Earned Value is the value earned for the past working being completed. For an example after 30 days of working on a $1000
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Project framework Project Title Open a Quanjude Roast Duck restaurant in Singapore Title: Project description: Opening a famous traditional Beijing restaurant Quanjude in Singapore Orchard road within 6 months at no more than $1‚000‚000 SGD. Begin date 1/5/2014 date: End date date:1/11/2014 Context: I have a friend‚ and he wants to open an restaurant in Singapore‚ but he does not live in Singapore. Then‚ he finds us and hope that we can make a project for him to help him operate
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Regardless of how much the work actually cost‚ once the task is completed an estimated value will represent the value that is earned . This is done by completing the work on the project task. Earned value has few different acronyms. Planned Value (PV) is developed
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It Management Mgt2 Task 3 | MGT2 Task 3-B | | Xemba Translations Jade Lewis May 7‚ 2014 Task 3- A The following are risks that are determined after a new risk assessment was conducted. Coming into the project after it started led to more risk assessment then a complete metrics review. Risks identified for Xemba Translations Telecommuters project Risk 1 Time Time is a risk for this project on several levels. 173 employees this will be affected as well as their customers. The company has agreed
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TCO A) You work for company Bravo and have been asked to create a presentation for the Board of Directors to explain PPM. Your presentation is to include a comparison and contrast of project portfolio management‚ program management‚ and project management. The presentation should also include the benefits of PPM and why the company should implement this program. Below‚ in your own words‚ write the narrative for the presentation. Be sure to address all elements of the presentation. Project management
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The 42 Project Management Processes You’ll need to be familiar with the 42 project management processes and what each process accomplishes in the project. Here’s a quick rundown of each process group and its processes. Initiating the Project There are just two processes to know for project initiation: * Create the project charter. * Identify the project stakeholder. Planning the Project There are 20 processes to know for project planning: * Create the project management plan
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PMP® Certification Preparation Course‚ PMBOK 4th ed. PRESENTED BY: DEBRA HODGES‚ UPDATED 6/21/11 Table of Contents 2 Key Information…..………………………………………………………………………………………... 2 PMP Certification Requirements PMP Exam Blueprint Exam Strategies Exam Day Organizational Influence on Projects………………………………………………………………… 7 PM Process Groups & Knowledge Areas Mapping……………………………………………… 8 PM Knowledge Areas………………………………………………………………………………………. 9
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Contents Executive Summary 3 Schedule 1 5 Performance Analysis 5 Estimate at Completion 7 Control Plan 7 Revised Estimate at Completion 8 Schedule 2 9 Summary and Conclusions Section 10 References 11 Executive Summary This document comprises of several sections that are financial analysis of a new Indoor theme park project. The financial analysis of any project is very vital for any project since it gives an opportunity to better understand where on the project
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Earned Value (EV) Budgeted Cost for Work Performed (BCWP) How much work has been done? Actual Cost (AC) Actual Cost of Work Performed (ACWP) How much has been spent? Budget At Completion (BAC) What was the entire project supposed to cost? Estimate At Completion (EAC) What is the project expected to cost
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