Project management aims at describing activities that are carried out within the project team to achieve a specific goal within a specified time period, using a defined definition of the activities. The PMBOK provides a model that is described in PMBOK, Chapter 5. As on a prince2 London and practitioner training.
When undertaking a project, we need to define and organize what the scope of the project is and determine its agreed Upon deliverables. This is done by performing the Scope Statement, also known as an investigator statement and entering spend requirements for those activities that are in scope. The reasons an organization practices project management are to: create a portion of a business that is stable and capable of giving stable, predictable, secure results, improve the business’ processes through the identification, evaluation, and optimization of needed improvements, manage a limited set of resources in order to meet its projected demands and expectations, and create a plan for carrying out actions to be done with the resource allocation in mind.
A project schedule of any project is a summary of all of the activities that have been planned out under the demonstration approach. The model that the PMBOK uses is MSProject, as mentioned in Chapter 4. We need to follow the MSProject methodology to manage the entire project.
All projects should have a Critical Path of deliverables that are to be monitored to ensure that the project has been completed on time. A plan will be put together for each point of the project. The incorrect choice of activities, the cost overruns, typos throughout the work, are in many ways the difference between a successful plan and a failed plan.
An estimate is an estimate of how much time it will take to complete each activity in the plan. In most cases, these estimates are performed on a project level using Excel spreadsheets. The result is to give the net, or the budget, value of the project. A budget based upon the estimate at the end of the project in a box on the spreadsheet.
A schedule is a snap shot of the future completion of all activities within the project. The schedule is not a schedule at all. It is simply a listing of the activities in the plan. A project schedule is needed in order to report on the completion of the project. This is how the Completion Date comes about. This is the total sum time for all activities within the project. The answer is the project manager’s or PM’s view. This is the amount of time the project will take to complete.
The subway project that I mentioned above that required changes to occur once that project was approved was planned for the years 2004-2006. If this project was approved at the start of the project in 2006, 2006 was theurate completion date. If the project was rescheduled, completed in extended weeks, or pushed back to 2011, the end date was bumped. There is no
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