later than scheduled, your project may not complete on time. Early Start (ES) - is the EARLIEST time the activity could possibly start. Early Finish (EF) - is the EARLIEST time the activity could possibly finish. Late Start (LS) - is the LATEST time the activity can start and not jeopardize the scheduled completion of the project. Late Finish (LF) - is the LATEST time the activity can finish and not jeopardize the scheduled completion of the project. Slack/Float - is calculated
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Chapter 1: * A 1995 Standish Group study (CHAOS) found that only 16.2% of IT projects were successful in meeting scope, time, and cost goals; over 31% of IT projects were canceled before completion Advantages of Using Formal Project Management: * Better control of financial, physical, and human resources * Improved customer relations * Shorter development times * Lower costs * Higher quality and increased reliability * Higher profit margins * Improved productivity
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fundamental tool of project management which is formed as an output of the process 5.3 Create WBS. It is one of the three elements of the scope baseline. Table 1. Three Elements of the Scope Baseline | Element Name | Process | 1. | Project Scope Statement | Output of 5.3 Define Scope | 2. | WBS | Output of 5.4 Create WBS | 3. | WBS dictionary | Output of 5.4 Create WBS | The work breakdown structure can be pictured like an organizational chart, with the highest level being the project itself, and
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Principles of Project Management Course Outline Volume I About the Microsoft Project Screens .........................................................................iv Segment 1. The Background of Project Management (Includes PMBOK® Guide Chapter 1 & 2) ....................................................................................................... 1 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 Introductions, course materials, housekeeping & homework Definition, examples and characteristics of
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Proposal and Analysis of the Global Infrastructure Group Carl Grieser PJM 500 – Project Management Colorado State University – Global Campus Dr. Chiji Ohayia February 28th, 2016 Proposal and Analysis of the Global Infrastructure Group Introduction The Global Infrastructure Group, a subsidiary of the Global Financial Corporation, is an international conglomerate specializing in developing technologies and solutions for the Global Financial Corporation. This proposal for the Global Infrastructure
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CHEAT SHEET PMP Exam Cheat Sheet The purpose of this is to help you memorize information to dump onto scrap paper prior to starting exam. It is important that information used on this sheet is information that will be helpful to you on the exam. Every time you sit down to study, start by writing out your “cheat sheet” to see how much you remember. You will remember more each time. This document is an example of what I used for the test and includes step by step instructions to create each piece.
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Successful project planning requires a solid method of providing project teams guidelines to answer six questions: what, how, why, when, where, and who. The purpose of this paper is to answer these questions by providing an implementation plan for Friar Tucker International (FTI) in its pursuit to develop the Galleria project using White Beach as the construction vendor. The implementation plan starts with understanding FTI’s strategy. For any project to be successful, “every project should have
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format and establishes the activities and criteria for planning, structuring, and controlling the project costs”. The cost management plan is often packaged inside of a larger project management plan which will demonstrate how to effectively control and execute the overall strategy. The cost management plan may be formal or informal, extremely detailed or loosely framed depending on what the project needs. An effective cost management plan can establish the following: 1. Level of accuracy- Activity
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PART ONE According to the conventional project management approach, projects are successful if they meet time, budget, and performance goals . Yet studies show that most projects are late, over budget, and do not deliver their expected objectives. Furthermore, even after completion, many projects do not contribute to their company’s business success. After the initiation stage, the project is planned to an appropriate level of detail. The main purpose is to plan time, cost and resources adequately
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CHAPTER ONE INTRODUCTION 1.0 Background to the Study Energy is crucial to any activity. It is difficult to imagine any activity that will not require some form of energy to execute. Energy, presents itself in diverse forms for the functioning of various machinery. Energy sources all around the world are crucial for production; a relation can thus be drawn between productivity levels and energy consumption. Renewable energy supply form solar, wind, geothermal, bio energy, hydropower, ocean, hydrogen
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