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WorksheetsProject Management
Total questions: 15
Worksheet time: 13mins
Project management is simply a process for getting things done. Project management helps you define:
What to plan out and prepare the budget
How much is project budget approved by the project steering group
What you need to do, plan it out, and get it done.
The time frame, the quality, maintain the profit margin as outlined by project sponsor
Plan the project
This process area is about :
clearly defining the objective of the project, taking control of project execution.
clearly defining what you trying to do, what the goal is, and what the outcome and output should be.
clearly defining the schedule, cost, risk plan, and budget.
clearly defining the planned budget will achieve its objective,
Project Management consist of
Five process area and eleven knowledge area
Seven process group and eleven knowledge area
Five process group and ten subject group
Ten process group and ten subject group
A program is :
A group of interdependent activities designed to
achieve specific objective.
A group no related projects
A group of interdependent related projects.
A group of independent related projects.
One of the first things you need to figure out :
What the project’s objective, what is the budget allowed, what are the risk if the project not started
The outcome, the problem is it trying to solve or opportunity is it trying to create, what are the boundaries. what the project is all about.
What is the scope and timeline for the project
Who is the project manager for the program.
To reduce the probability of project failure :
The watch for potential failure is continuous
activity that must the responsibility of :
The Project Sponsor
The Project Controller
The Project Manager
Everyone involved in the project.
Why Project Management
To satisfy the authority requirements
Meet project deliverables, schedules and budget
Compliance to ISO 9001 requirements
Meet organizations target profit margin
Which are the “Three Important Elements” of Project Management
Deliverables, Time, Cost
Schedule, Cost, Resources
Schedule, Risk, Time
Quality, Schedule, WBS
Benefits of Project Management
Value Creation, Project Visibility, Velocity, Repeatability
Control Cost and Schedule of Project
Manage Project Management Team effectively
Manage and control stakeholders effectively
Project Leader is normally appointed by :
The Managing Director
The Chief Executive Officer
The Head Of Department
The Project Sponsor
In the Project Management Process :
We use _____________________ to control the project phases
Earned Value Management
Project Control
Phase Gate
Cost Phases
Mind-Mapping is highly recommended before we start the :
Project Phase Control Process
Work Breakdown Structure Process
Cost Control Process
Project Definition Process
In practical terms Work Breakdown Structure is :
What to deliver, not how or when
When and how to deliver
When to deliver what
What not to deliver
Resource Planning:- Resource Analysis is :
Estimate resource quality
Identify resource dependency
Identify resource usage peak
Identify the resources to be assigned to a key stage
Critical Path determines :
the total cost of the project.
the duration for the project.
all the high-risk task in the project
the delayed tasks in the project
