- This summary
- +380.000 other summaries
- A unique study tool
- A rehearsal system for this summary
- Studycoaching with videos
A snapshot of the summary - YVOR project basis
Describe a project?Endeavour where human, financial and material resources are organized in a novel way
Describe rol of People are key and the PMTeamwork is needed to achieve better results. A team consists of a group of people working together towards a joint goal. The PM is able to control early involvement of all stakeholders to create fully integrated team.
Explain why something is a projectIt is non-ongoing or process work with (pre-defined) unique scope and has a begin and end. Needs to done within a budget.
Statethe 4 PM stages and activities Initiation: Scope, requirements, team, feasibility
Design: WBS, Schedule, Cost & returns, specifications
Execute: Status reports, change orders, quality audits, contingencies
Delivery: Train user, transfer documents, lessons learned
What is a stage gate and who is involved in thisStage gate between every project phase, check if all pre-work and necessary tasks have been fulfilled to move on to next stage, PM managers delivers info to project board. They decide
Describe FED stages
FED1: business goals, project objectives, requirements FED2: evaluation stage gate 1, basic design
FED3: evaluations stage gate 2: basic engineering design
FID: final investment decision (independent org reviews)
PM is about making trade offs, explain:Each project is unique, and quality of a project is limited between time, budget and scope. Improving time can cost more money (trade off). The goal is to maximize quality. The key is to set priorities depending on the value drivers of the project and then make the right decisions and trade offs.
What is the triple constraint triangle?
Triangleof scope, cost and time. Quality of project always limited with these 3 constraints. Improvingone means always at least changing one other as well.
tasksrequired to fulfill goals
Time: Schedule to reach goals
Cost: Money to spent. Project budget
What is successful PPMControl, efficiency, governance, feasibility meet objectives, handles risks
Project selection methods
BCG matrix, based on growth rate of business and market share of business
bubble diagram, based on probability of technical succes of business and reward of the business. Bubble size displays the size of the risk.