In its most basic form a project schedule is a list of tasks with assigned start and finish dates. It can also be a graphical bar chart produced with project management software or in a spreadsheet. In professional schedule development, a critical path analysis using a network diagram produces the critical path tasks and their floats. Since a graphical bar … [Read more...]
If you were the head of your state's department of transportation, how would you choose between the following expenditures? Repaving a road: A large, one time expenditure which eliminates smaller expenditures for a long time. Filling potholes: A small, one time expenditure which eliminates the need for re-paving today, but the big expenditure is still … [Read more...]
The project sponsor is an integral part of the project management organizational chart. In fact, every project has a sponsor in one form or another. It is a central cog in the wheel in the existence of a project. The project sponsor is NOT a personal financial contributor to the project. Think of it this way. They are one, and only one, level above the project … [Read more...]
If your scope is pointed the wrong way, you're not going to hit the target! In fact, ineffective project control is one of the biggest sources of project distress. For this reason, one of the most important aspects of a project manager's job is controlling the boundaries of the project, that is, the tasks that are and aren't part of the project. If you want to have … [Read more...]
If there's one part of project management that's bigger than all the rest, it's project scheduling. Since a project is defined as a temporary endeavor with a distinct beginning and end, defining when that end takes place and making sure it finishes on time are, by definition, extremely important to any project, large or small. Professional project managers look at … [Read more...]
In project management, getting an early indication of problems is the silver bullet that allows the project manager to correct the problems before they start. The Cost Performance Index, usually abbreviated as CPI, is one of the fundamental outputs of the Earned Value Management System. It tells the project manager how far ahead or behind the project is at … [Read more...]
If there's one part of project management that's bigger than all the rest, it's project scheduling. Since a project is a temporary endeavor with a defined beginning and end, defining when that end takes place and making sure it finishes on time are extremely important to any project, large or small. Professional project managers look at the schedule every day and … [Read more...]
Many documents are created in the profession of project management. Some of these are critical to the successful completion of the project, and others are merely intended for organizing the work flow. But the Project Management Body of Knowledge (PMBOK) outlines many documents that have an integral place within the structure of project management, and the following list … [Read more...]
According to the Project Management Body of Knowledge (PMBOK), projects are divided into five phases. These phases are: Initiating. The project is authorized, funded and defined. This phase occurs on the organizational level (i.e. above the project). The organization defines a business need the project is meant to satisfy. Planning. The project manager develops … [Read more...]
It amazes me that project closure is one of the most visible aspects of a project to senior managers and executives, yet it is also the phase that is most often skipped or shortened. I realize that project budgets are often used up (or seriously stretched) in the final phases and skipping closing activities is an easy to way to cut the losses. But closing the project … [Read more...]
