Chapter 4 - Chapter 4: The Project Overview The elements...

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Chapter 4: The Project Overview The elements involved in establishing a project plan Identifying and assessing risks Steps in the project control process Actions that should be taken when a project is terminated Planning the Project Plan the work then work the plan Detailed Planning Step o Clearly define the project objective o Divide and subdivide the project scope into major “pieces” or work packages Work breakdown structure is a hierarchical tree of work elements or items accomplished or produced by the project team during the project o Define the specific activities that need to be performed for each work package in order to accomplish the project objective o Graphically portray the activities in the form of a network diagram o Make a time estimate for how long it will take to complete each activity o Make a cost estimate for each activity o Calculate a project schedule and budget to determine whether the project can be accomplished within the required time, with the allotted funds, and with the available resources The first part of the project phase of the life cycle involves establishing a detailed plan Planning determines what needs to be done, who will do it, how long it will take and how much it will cost Managing Risk One attribute of a project is it involves a degree of uncertainty
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Chapter 4 - Chapter 4: The Project Overview The elements...

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