The main inputs are the scope baseline consisting of the approved , the , and the. Less than 0 means over budget and greater than 0 means under budget. Merge activity: an activity that has two or more preceding activities on which it depends. One activity will be dependent upon the completion of five others with another activity being dependent upon 20 on a different path. Fallback Plan: a plan for an alternative course of action that can be adopted to overcome the consequences of a risk, should it occur including carrying out any advance activities that may be required to render the plan practical. To begin, assign an estimated duration for every project activity.
See the Project Management Institute Practice Standard for Work Breakdown Structures in the recommended reading list shown in this workbook located immediately before this glossary. His Filling Execution Gaps provides a thorough roadmap for initiating projects well and ensuring their progress toward successful completion. This usually includes informing team members and sponsors what the processes are for identifying, approving or rejecting changes to the project, recording the changes, and integrating them into the project plan. They are the funds or time needed above the initial estimate to reduce the risk to an acceptable level. The key word here is 'managed', although the work package can be managed by one person, the actual work within the work package may be completed by several people. Procurement Plan: Determining the approach that will be used for purchasing outside products and services for the project. The objective of this product development project is to increase the revenue of the organization by ten percent.
This list would also have extra information about each activity such as constraints, assumptions, logical relationships, etc. Add together the durations of every activity on each path. It is important to include contingencies in the project estimates. Fast Track: The technique of speeding up the project schedule by altering the planned schedule through doing work simultaneously that would have ideally been performed consecutively. Primavera Project Management — Figure 4 Primavera Project Management-Level of Effort Filter As shown in the figure above, filter of the selected bar is set to Remaining Level of Effort default filter. Break into groups of 3-5 and create a project network. Fatima prepares the final presentation to management, so she needs the prototype and the analysis from the survey.
This form of estimating takes considerable time and effort; therefore, it often is not available during the early planning processes. They are useful for comparing the importance of variables. A critical path identifies that if an activity with a critical path is delayed, the project finish date is also delayed. Program: A group of related projects managed in a coordinated way. This will take 2 days.
Burst Point: A point in the project network diagram where when one task is complete many other tasks can begin. Appoint Contractor Each activity must be complete and accurate, because it will be used to develop the project schedule. Milestone: A significant event in the project, usually completion of a major deliverable. This usually is a high-risk time for the project schedule. This often also includes using the status information to forecast the future results.
Remember that the activities on the critical path critical activities have a float of zero. Identify activity float and the manner in which it is determined. Agile Project Management: Agile project management has six principles and five phases. I am now in a better position to take these projects and formally organize them for greater efficiency and accountability on all levels. D tasks are not performed unless the customer issues a specific request to perform the work. It is a way to organize the project, it is the basis from which the project is controlled, and it ensures that the plan is complete.
Copyright © 2013 Pearson Education, Inc. Complete Work Packages: This is executing the work of the project. Cost Budgeting: See the definition for budget. Activity attributes can be used to identify the person responsible for executing the work, where the work will be performed and the activity type. It is often similar at least initially to the project charter. Listing out each of the tasks to be performed will result in an activity list as demonstrated below. Parametric Estimate: An estimating technique that relies on quantifying the project scope through metrics.
Primavera Project Management-Relationship Lines Relationships are the logic ties or network connectors hold the in a network system. This was popularized by Tony Buzan, who reportedly developed the concept because he studied the notebooks of Leonardo da Vinci. Fun activity- if not sure of sequences for activities, can put activities on post its and then move them around. It's a measure of cost performance on the project. The scope baseline is used as a starting point to breakdown the documented deliverables, as well as a guide to assure that the entire scope of the project is covered, but that the activities do not extend beyond the agreed boundaries. The activity list includes the activity identifier and a scope of work description for each activity in sufficient detail to ensure the project team members understand what work is required to be completed. Manage Quality: This involves the work of applying the quality plan, or more specifically to ensure that the project has the necessary quality tools and techniques, performing the quality audits, and analyzing the processes.
If one wall is completely finished, 25% of the project is complete. For inclusion in for-profit works, please contact the author at Last updated 12-22-17 Master Glossary Bills of Materials - to - Budget at Completion Term Definition Editor's Choice Cat Source The of the set of physical s required to a , which is used by the or to order any or that are required. It uses general experience with similar work to predict the time or cost of similar work in the future. Integrated Change Control: This is the work of performing the project change management activities. That took X amount of time and cost.
The components for each activity evolve over time. Always drawn from left to right to reflect project chronology like a flow chart. It is a good time for team meetings. So, the higher the number, the greater the cost efficiency. Manage Team: Tracking team member performance, providing feedback, resolving issues, and coordinating changes to enhance the project performance. If you do, too, consider bookmarking this page. This usually is performed during the planning phase.