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Unformatted text preview: All information is from The Principle of Project Management or the project management powerpoint What are the parts of the balance quadrant? Cost, quality, time, scope What is the difference between perceived value and real value? Sometimes the reason why your team members cant see value in a task is simply that you havent explained the point of a particular process. Be on the lookout for tasks that provide value to both the individual and the project, but the team hasnt realized this. I ts up to you to make sure the team members understand the value of the work theyre doing. What is project management? A more tangible (but less interesting) description is that project management is everything you need to make a project happen on time and within budget to deliver the needed scope and quality . Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements Processes Initiating Planning Executing Controlling Closing What are some good reasons to plan? good reasons to plan: to understand your project better to work out the best way to approach things to communicate to both your team and the client or customer exactly how the project is going to be approached to help you get work done and keep track of progress to provide direction What is percent complete and why is it problematic? Measuring the percentage of tasks complete (or similar techniques) is an extremely dangerous practice. The Measuring the percentage of tasks complete (or similar techniques) is an extremely dangerous practice....
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This note was uploaded on 05/05/2011 for the course CFA 111 taught by Professor Pegfaimonandothers during the Spring '11 term at Miami University.
- Spring '11