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Project Charter (PMBOK) includes: Requirements that satisfy customer, sponsor and stakeholder need, wants and expectations Business needs, HL project description or product requirements Purpose or justification Assigned PM Summary Milestone Schedule Stakeholder influences Functional org and their participation Assumptions / constraints Business Case Summary budget Prelim Scope Statement Objectives Requirements Acceptance criteria Boundaries Requirements and deliverables Assumptions / constraints Project Org Risks, Milestone, initial WS, Order of Mag cost estimate, confi management requirements Project Execution – execute the project management plan to accomplish the work defined in the scope statement M& C: Compare actual performance to plan, determine actions required if any, information for status reporting, progress measurement and forecasting, monitor implementation of approved changes when they occur
Scope Planning – document how scope will be defined, verified, controlled and how the WBS will be created and defined Definition: Develop a detailed scope statement WBS: Work into smaller manageable components Verification: Formalizing acceptance of the completed project deliverables Control: control changes to the scope
Defining the activities: List of all schedule activities that are planned to be performed on the project Sequencing: logical relationships among schedule activities (create network diagrams) Resources: estimating what resources are required and quantities Estimating Activity durations: three point estimates (most likely, opt, pessimistic) Schedule – start and end dates for activities Controlling – schedule management plan establishes how the schedule will be managed and controlled, schedule baseline, performance reports
Estimating: approximation of costs Budgeting: aggregating the estimated costs of individual activities or work pkgs to establish a cost baseline Control: influencing the factors that create cost variances and control changes to budget
Planning – which quality standards are relevant and determine how to satisfy them QA – applying the planned quality activities to ensure quality requirements are met QC – monitor project results to determine if they comply to quality standards, ID way to eliminate causes of unsatisfactory performance.
Develop: improve competencies and interaction of team members to enhance project performance Manage: track performance, provide feedback, resolve issues
Performance reporting: status reports, progress measurement, forecasting Manage stakeholders: manage communications to satisfy the requirement of stakeholders
Qualitative: Prioritizing risks for further analysis or action (prob of occurance / impact) Quantitative: numerically analyzing the effect of overall objectives of id’d risks Control: tracking, monitoring, ID new ones, execute risks response plan
Plan – what to purchase, when and how Contract Planning: Document products, services and results requirement and and ID potential sellers RFI, RFP, RFQ Admin – manage the contract Closure – settle each contract, close