2/1/2013 12MCOM03: Project Management SESSION – 6 & 7 j ‚ y Project: Time‚ Cost & Quality Estimating Projects • Estimating – The process of forecasting or approximating the time and cost of completing project deliverables. – The task of balancing the expectations of stakeholders and the need for control while the project is implemented • Types of Estimates – Top-down (macro) estimates: analogy‚ group consensus‚ or mathematical relationships – Bottom-up (micro) estimates: estimates of
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Chapter 7 – Discussion Questions – 1‚4‚6‚7 page 284 1. Discuss why many information technology professionals may overlook project cost management and how this might affect completing projects within budget. Information technology professionals do not understand basic accounting and finance principles to be able to do a net present value analysis return on investment and payback analysis. It should also be considered that new technologies or software development expenses are very inaccurate
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2012 Project management is one of the most important and critical tool or technique‚ which defines the entire course of development of any kind of project. Project management works as an ignition for the chain reaction of the whole development cycle. It also helps to layout each and every step of the development cycle and defines the action plan to be followed during the risk-conditions. Not only this‚ project management methodologies help track down the success rate for a project and improve
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CHAPTER 1 What Is a Project? Things are not always what they seem. — Phaedrus‚ Roman writer and fabulist CHAPTER LEARNING OBJECTIVES After reading this chapter‚ you will be able to: N Define a project N List a project’s characteristics N Distinguish a project from a program‚ activity‚ and task N Understand the three parameters that constrain a project N Know the importance of defining and using a project classification rule N Understand the issues around scope creep‚ hope creep‚ effort creep
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Project Termination 1 Project Termination Types of terminations How and why projects terminate Typical termination activities Need for a project history 2 All Things Come to an End ... Termination – impact on technical success – Impact on other areas – Plan and execute termination with care 3 When Do Projects Terminate? Upon successful completion‚ – or . . . When the organization is no longer willing to invest 4 Most Common Reasons Projects Terminate
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10 Marks: Q:- Discuss the project termination strategies Ans: Project Termination Project termination is one of the most serious decisions a project management team and its control board have to take. It causes frustration for those stakeholders who sincerely believed - and in most cases still believe – that the project could produce the results they expected‚ or still expect. The project manager and his or her team members‚ very important stakeholders of the project as well‚ will feel that they
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styles you would recommend for the Denver Airport Project. Please choose a combination (two or three) of the eight leadership styles presented in the Thompson textbook (Chapter 11: Leadership: Managing the Paradox). Please note that you are to also use three other sources from the internet or the DeVry online library. All sources must be cited. After reading the Denver Airport Project out of the eight leadership styles I believe active leadership‚ task leadership‚ and transformational leadership would
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Unit /Module | Project Management | Assessment | Individual Assignment | Lecturer | Bandujeewa Samaranayake | Student Name | | ID | Date Handed Over | | Date Due | | Initial Submission Date | 15/03/2012 | Re-Submission Date | | Students to tick if attempted | Grading Opportunities | Criteria Met ? | Assessor Feedback | | | Initially | On Re- Submission | | | P1 | | | | | P2 | | | | | P3 | | | | | P4 | | | | | M1 | | | | | M2 | | | |
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Effective Communications for Project Management OTHER AUERBACH PUBLICATIONS Agent-Based Manufacturing and Control Systems: New Agile Manufacturing Solutions for Achieving Peak Performance Massimo Paolucci and Roberto Sacile ISBN: 1574443364 Curing the Patch Management Headache Felicia M. Nicastro ISBN: 0849328543 Cyber Crime Investigator’s Field Guide‚ Second Edition Bruce Middleton ISBN: 0849327687 Disassembly Modeling for Assembly‚ Maintenance‚ Reuse and Recycling A. J. D. Lambert and Surendra
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Chapter 1 Projects in Contemporary Organizations Copyright 2012 John Wiley & Sons‚ Inc. Introduction Rapid growth in project management In the past‚ most projects were external – – – Building a new skyscraper New ad campaign Launching a rocket Developing a new product Opening a new branch Improving the services provided 1-2 Growth lately is in internal projects – – – 1 8/30/2012 How Project Management Developed Credit for the development of project management
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