What are fixed type contracts in procurement processes? 12. Salience modeling is another technique to determine who is the most effective for the interest of the project. 0000009831 00000 n 0000730743 00000 n Scribd is the world's largest social reading and publishing site. A Particular Time in project schedule when some objective, a part of a result or a part of the planned services planned are achieved. A Particular Area in project schedule where some objective, a part of a result or a part of the planned services planned are achieved. What are the ways a project time schedule can be compressed? 0000349643 00000 n Conclusion and next steps. Work breakdown dictionary includes additional details that help define the tasks. It is the difference in estimated effort and the effort actually needed. Most detailed SOW are usually given by the customer if he is the one requesting the project. 37. What is the role of Isikawa/ Fishbone diagrams in determining root causes of risks? 0000337540 00000 n These are often mentioned as organizational environmental factors. When activity scheduling is done there will be activities whose start time and/or end times are not critical. PMB, performance measurement baseline is the aggregation of all planned values. Also, this page requires javascript. What are the important processes for project integration management? Unconnected tasks/activities can be sequenced in parallel to reduce project time. Your email address will not be published. Parametric estimates, three point estimates and analogous estimates are the techniques used for estimating activity time estimates. Project management plan development is another important activity. It may mean paying team members overtime, paying for the time of a consultant, etc. 0000102508 00000 n Process groups are a set of processes that are applicable to various stages of a project. At every monitoring point the planned value (PV), earned value (EV) and actual cost (AC) are monitored. IT-Project-Manager-Interview-Questions.pdf - Free download as PDF File (.pdf), Text File (.txt) or read online for free. In case there is a slip, the cost consequences will be known. 0000002500 00000 n 0000267579 00000 n After the members are collected as a project team there is a turmoil before everything settles down. My team is currently working on a project that was estimated for 40 hours.While working on we realize that the project will certain that the client would not be willing to pay for additional hours.what would i do in such a situation? 0000291975 00000 n Activity scheduling network diagram is the most common form of representation for the project time schedule. The document which contains all project related information. Process improvements help mistakes in processes and thus help improve quality. A portfolio is a collection of projects, programs and even other portfolios that help an organization achieve some common high level business purpose. Procurement and risk management are two vital support areas. A process is a defined way of doing things. There is always a path from start to finish, which does not have any floats. 0000012531 00000 n 3. 0000008053 00000 n “Carrying out” is the actual execution part of the project. What is the tool used for arriving at improvements in processes? SOW or the statement of work is a detailed description of the outcomes of the project in terms of what products, services or results are expected from the project. 24. Any items you have not completed will be marked incorrect. Fast tracking is to make selected activities faster by applying additional resources if necessary. 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When documented, this set of documents, related forms to be used, the way estimates are to be made, database of estimates of similar projects etc. If loading fails, click here to try again, A set of task/activity that are a routine, A set of task/activity with a undefined timeframe, A set of task/activity with a defined timeframe, It’s a collection of program and portfolio, It’s a collection of projects and portfolio. The basis is that there are about 20% action which when executed gets you 80% of the results. These are vital items that a PM should always be aware of.

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