Validation PMBOD defines project scope as “the work that must be performed to deliver a product, service or result with the specified features and functions.” Scope management is to ensure enough and only enough work is successfully delivered with projects purpose.1 The first stage of project scope management is collecting requirements and defining scope. Then a work breakdown structure (WBS) will be created. WBS is a hierarchical breakdown of the project into its constituent deliverables.2
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and human resources 4. the master production schedule 5. procurement, production and general management 6. All of the above. 2. Which portion of the master production schedule is normally fixed, frozen or firm? 3. the entire schedule 4. only the aggregate schedule 5. only the middle of the schedule 6. only the near-term portion 7. only the far-term portion 3. In continuous (stock-to-forecast) operations, the master production schedule is usually expressed in terms of _______________
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Teradyne Corporation: The Jaguar Project As Jack O’Brien, project lead of Teradyne’s Jaguar project, sat in traffic on his way to work he pondered his team’s efforts over the past eight years. Teradyne, a manufacturer of semiconductor test machines, had long been awaiting the arrival of their new full-range testing equipment. The project marked a number of firsts for Teradyne including up-front project planning, formalized tools for project tracking, and a structured development process. Despite
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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 to estimate the work needed and to effectively manage risk during project execution. As with the Initiation process group, a failure to adequately plan greatly reduces the project's chances of successfully accomplishing its goals. Strategic Management by Neil Ritson,2006
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Project 592 Project Cost and Schedule Control Course Project Part 2 The Wedding Project Scope Statement Mara Kiasekoka D40194702 marakiasekoka@gmail.com Professor Janet Durgin September 27, 2014 Executive Summary Dream Space has been in wedding and events planning industry for more than 15 years, performing services and providing products to reputable companies and diverse people worldwide. The company is pleased to perform the project of the wedding ceremony
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results for the Cunningham Small House Project. This small house project is located on the Eastern Shore of Maryland along the Chesapeake Bay. A risk analysis was performed to study project elements that could have an impact on the project cost and schedule. The analysis measures these possible impacts and allows an opportunity to identify a strategy against said risk, such as accept, mitigate, avoid, etc. The small house movement is a popular description for the architectural and social movement
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and human resources 4. the master production schedule 5. procurement, production and general management 6. All of the above. 2. Which portion of the master production schedule is normally fixed, frozen or firm? 3. the entire schedule 4. only the aggregate schedule 5. only the middle of the schedule 6. only the near-term portion 7. only the far-term portion 3. In continuous (stock-to-forecast) operations, the master production schedule is usually expressed in terms of _______________
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Estimates Top-down (macro) estimates: analogy, group consensus, or mathematical relationships Bottom-up (micro) estimates: estimates of elements of the work breakdown structure WHY ESTIMATING TIME AND COST ARE IMPORTANT Estimates are needed to determine how long the project should take and its cost. Estimates are needed to schedule work. Estimates are needed to develop cash flow needs Estimates are needed to develop time-phased budgets and establish the project baseline. Estimates are
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will carry out marketing. The Work Breakdown Structure (WBS) shown in Appendix A describes the high-level activities and schedule for the project, with the top two levels showing phases and then functions within each phase. Subsequent planning activities will breakdown these categories further into tasks. In some cases project tasks may still be rather lengthy; therefore, a subordinate WBS with increased granularity will be developed for those areas. The schedule also identifies the critical path
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members. Being able to do so is a great tool for global projects or when an employee is working off site. This makes it it much easier and productive for all parties involved. Keeping a project on schedule is also an important factor when working in project teams. With SharePoint “You can make sure works get done by assigning people tasks that can be tracked and prioritized. And, you can keep an eye on important details with a real-time summary of your project that warns you about delays and keeps
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