• Project Management Study Guide
    . 3. Provide an accurate estimate of the actual costs and be able to support it. 4. Meet with the team to identify where you can find lo percent savings. Answer C 117 Which of the following is the best project management tool to use to determine the longest time the project will take...
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  • Metricsviews 01/2013
    why projects fail. Accurate sizing could help to address a number of these including: unrealistic goals, inaccurate estimates, badly defined requirements, poor communication, and poor project management. Not less than ½ of all the reasons listed in the Standish Chaos Report for challenged and...
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  • process estimation
    reasonable and accurate given the input data (PMO, PM, EG) 7.3. Communicate the estimated size and schedule, known cost constraints to management/Client (PM) 7.4. Get senior-management commitment to formally confirm and record the official estimates for the project (PM) 7.5. Negotiate with the...
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  • Pmp Sample Questions
    manager for a new technology implementation project. Management has requested that your estimates be as exact as possible. Which one of the following methods of estimating will provide the most accurate estimate? A. Top-down estimating B. Top-down budgeting C. Bottom-up estimating D. Parametric...
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  • Project Management
    other similar projects. • Relatively quick estimate and useful for obtaining reasonably good estimates. • Most appropriate for top level planning and decision making. • Accurate within -10% and +25%. • Not good enough for a final estimate. Bottom-up...
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  • Intellectual Property
    :34–47. [16] OÕBrien JJ. CPM in construction management: Scheduling by the critical path method. McGraw-Hill; 1965. [17] Klingel AR. Bias in PERT project completion time calculations for a real network. Manage Sci (Series B) 1966;13(4): B-194–201. [18] Schonberger RJ. Why projects are always...
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  • Wala Lang
    major bane of project management. How do you combat it? By pre-empting it with a thorough, accurate, precise, and mutually agreed upon Scope Statement. Avoid words and statements that require judgment or invite interpretation, such as ‘improve,” "enhance," "better," "more efficient" and "effective...
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  • Project Mgmt
    takes too much time and is not worth the effort or that it’s impossible to predict the future. Other organizations subscribe to the belief that accurate estimates are the bedrock of effective project management. Organization culture shapes every dimension of project management; estimating is not...
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  • Operational
    , your current and potential sources of these funds, and your most critical resource and funding gaps. Risk Assessment and Mitigation Strategy – What risks exist and how they can be addressed. Estimate of Project Lifespan, Sustainability, and Exit Strategy – How long your project will last, when and...
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  • PM Notes
    aggregated costs correctly for work packages, subprojects, and the project as a whole. It also involves checking that contingency reserves are accurate and included in the cost baseline, and that the correct dates are assigned to each cost estimate. Controlling Project Costs Earned Value Management...
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  • Project Management
    the most effective approach to budgeting combines the top-down and bottom-up techniques. Build an appropriate degree of slack into your estimates! q q q Lesson 7. Gantt Charts In this lesson, you learn what a Gantt chart is, why it is so useful in project management, variations you can...
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  • Analysis of Case Sedalia Engine Plant(a)
    individual work items and then rolling up the costs to arrive at a project total . It is more accurate. Question No :8 If You are the project manager for a Project. You are about to create the cost estimates for the project. Which input to this process will help you most? 1. Work breakdown structure...
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  • How to Use Spss Method
    chance of 50 percent success. Three time estimates, i.e., the most likely (m), optimistic (a), and pessimistic (b) durations, are required for each activity.” (Khisty and Mohammadi; 2001). But PERT has also been criticized for systematically underestimating the total project duration. That is why a new...
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  • Project Management Exam 1000 Q&a
    describes why this is the INCORRECT way to estimate the schedule? A. A network diagram should have been used to produce the estimates. B. The estimates should have been created by management. C. The estimates should have accounted for the market dynamics and timing requirements. D. The project...
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  • Management
    accepted, and sabotage and frustration may be the result. Information flow may be blocked which might eat management capacity. Speedy and accurate and concise information flow up, down and bottom up is vitally important for effective budget administration. But even as budgetary success depends on...
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  • Essay
    Seminar outline MGW2700 Project Management for Small to Medium Enterprises 1. 2. 3. 4. 5. 6. The process so far ... Where you should be with assignment 1 quiz Where you should be with assignment 2 report Presentations for assignment 2 – these begin in Tutorials Topic 2 – review questions Topic 3...
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  • Risk Mgt
    effective technique for keeping on top of projects under their control: Pmjkt top-1 0 rirk-item walking. This technique concentrates management atten~ JANUARY 1991 Authorized licensed use limited to: to the Claremont Colleges!. Downloaded on March 24,2010 at 23:47:26 EDT from IEEE Xplore...
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  • Project Management Tips
    know whether this is the case then seek senior management involvement. 29. Be aware early in the project what will be monitored, how they will be monitored and the frequency. 30. Keep accurate records of your project not only for audit purposes but to ensure you have documents which enable you to...
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  • 5-Phase Project Management
    , December, pp. 15-20. Pinto, Jeffrey K. and Dennis P. Slevin (1987). "Critical Factors in Successful Project Implementation." IEEE Transactions of Engineering Management, February, pp. 22-27. Randolph, A. and B. Posner (1988). Effective Project Planning B Management, Getting the Job Done (Englewood...
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  • Project Management
    Individual Research Paper Project Management GBMP 501 – 01 Introduction to Project Management Project management is a carefully planned and organized effort to accomplish a successful project. A project is a one-time effort that produces a specific result, for example, a building or a major...
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