Project Scope Management § The project manager would need to ensure the inclusion of all and only the work required to complete the project successfully (to achieve project objectives to deliver business values). § The primary aim of scope management…
Education Edge Canada – Time Knowledge Area course Knowledge Area #3 – Time Critical Highlights: • Define policies, procedures and documentation for managing and controlling project schedule • Include scheduling methodology, tools, level of accuracy, control thresholds (limit beyond which preventive/corrective actions needed),…
Hi Team, My regrets for late update since I was caught up with deadlines. The whole team is inspirational and we usually get a push every time each one you pass the exam and conquer the peaks. I’d like…
Procurement Knowledge Area Summary § Procurement Statement of Work (SOW) is a legal document subject to legal reviews, legal advise should be sought throughout the whole procurement process § sellers are external to the project team § need to go…
Some Cost Review Points § sunk cost – cost already incurred in the past and cannot be recovered, do not consider anymore § opportunity cost – difference in value between one path vs alternative (= 100% of value of next best alternative) § value analysis/…
Cost Management Knowledge Area: Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget. Project Cost Management is primarily concerned…
PMBOK Chapter 6 – Project Time Management Processes: Plan Schedule Management (Planning) Define Activities (Planning) Sequence Activities (Planning) Activity Resource Estimate (Planning) Activity Duration Estimate (Planning Develop Schedule (Planning) Control Schedule (Monitoring and Controlling) Plan Schedule Management The…
Stakeholder Knowledge Area Project Stakeholder Management includes the processes required to: · Identify the people, groups or organizations that could impact or be impacted by the project · To analyze stakeholder expectations and their impact on the project · …
Cost Management Knowledge Area: Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget. Project Cost Management is primarily concerned with the cost…
