423: System Acquisition, System Development and Project Management Module 4: Project Planning, Scheduling, Budgeting & Risk Management Case Assignment May 2014 Term July 06, 2014 Assignment: Prepare a 4-6 page paper addressing the topic: “Issues and conclusions regarding project planning, scheduling and risk management from the construction case that also apply to information technology projects” Issues and conclusions regarding project planning, scheduling and risk management from the
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1. (TCO A) The most common types of organization structures are _____. functional, autonomous project, and matrix functional, progressive, and matrix framework, autonomous project, and matrix functional, autonomous project, and management 2. (TCO H) This first phase of the project life cycle involves the _____. identification of a need, problem, or opportunity contract negotiations brainstorming of solutions identification of tasks to be performed 3. (TCO B) The lowest level item
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Today there is renewed interest in field of project management. One of the biggest reasons for this is that technology is ever changing. Just when a company feels like they have caught up to the recent technology, it evolves and leaves them behind. Businesses are trying to keep ahead of the changing times and are having to think fast and adapt to the fast moving changes. These changes are bringing about a greater need for project management. 2. A project is a temporary endeavor undertaken to create
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INTRODUCTION TO PROJECT MANAGEMENT C H A P T E R 1 Introduction To Project Management Project management offers a structured approach to managing projects. The purpose of this book is to outline the latest planning and control techniques used by industry, commerce, sport and domestic projects, and particularly those used by the project planning software and referred to in the Project Management Institute's (PMI) project management body of knowledge (PMBOK), and the Association of Project Manager's (APM)
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Scope Management Agile and traditional project management use different methods to address scope management and these are, Discovering new project requirements that are defined by the project team which can be identified at any given time. Such requirements are added by the product owner (customer) in the product backlog (user requirements). Whereas in traditional project management, the project manager is in charge of defining the requirements, once the project requirements has been defined any changes
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Huntsville Plant | Construction Project – Risk Matrix | | Contents Exhibit:1 3 Risk Matrix: Huntsville Plant Construction Project 3 Overview 4 Economic Culture and Funding 4 Labor Condition 4 Works Cited 6 Exhibit:1 Risk Matrix: Huntsville Plant Construction Project Identification | | | Response Plan | Risk | Consequence | Probability | Impact | Trigger | Resp. | Response | Economic Culture | Financial Market | Effect on supply industry | Physical resources cost/availability
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PROJECT MANAGEMENT WHAT IS PROJECT MANAGEMENT? : The word project comes from the Latin word projectum from the Latin verb proicere, "to throw something forwards" which in turn comes from pro-, which denotes something that precedes the action of the next part of the word in time (paralleling the Greek πρό) and iacere, "to throw". The word "project" thus actually originally meant "something that comes before anything else happens". When the English language initially adopted the word, it
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Planning Process Group The planning process group plays a very important role in project management. The planning process group is used to identify everything that is going to happen with the project. There are ten different sections of this group that need to be identified when taking on a project. First you will need to develop a project plan that defines the project itself. This process group is used by over 20 different processes like control risks and schedule management. This makes this process
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measured, calculated, or observed from a sample of the population. Sampling saves the project manager time and money, but introduces risk. How much risk for how much savings? The answer to these questions is the subject of this paper. Examples for the Project Manager A whitepaper by John C. Goodpasture, PMP Managing Principal Square Peg Consulting, LLC Sampling and the Law of Large Numbers Examples for the Project Manager The Law of Large Numbers, LLN, tells us it‟s possible to estimate certain
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incentive for speedy construction, a bonus of $150,000 will be paid to Reliable if the plant is completed within 40 weeks. Reliable is assigning its best construction manager, David Perty, to this project to help ensure that it stays on schedule. He looks forward to the challenge of bringing the project in on schedule, and perhaps even finishing early. However, since he is doubtful that it will be feasible to finish within 40 weeks without incurring excessive costs, he has decided to focus his initial
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