Actual work progress is a standard method of a

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Unformatted text preview: rd method of (a) measuring project progress at any given point in time, (b) updating forecasts of completion date and final cost, - Is an early warning system to detect deficient or endangered progress. Project Management Project 1. The phases of - Development - Close Out Resource Scheduling Simulation Basics of Project Monitoring and Control Changes and Claims Earned Value Analysis Quality Reviews and Audits Quality Reviews and Audits -Quality Control (typically done by owner’s inspectors at the end of major production phases. - Quality Assurance (typically done by contractor throughout the production, incl. raw materials - Audits and QA/QC Reviews (retrospective in nature) Project Management Project 1. The phases of - Development - Close Out 2. Related Topics - Risk and Uncertainty, etc. MIT OpenCourseWare 1.040 Project Management Spring 2009 For information about citing these materials or our Terms of Use, visit: 1.040/1.401 1.040/1.401 Project Management Spring 2009 Course Introduction Part II Fred Moavenzadeh Department of Civil and Environmental Engineering Department Massachusetts Institute of Technology Project Project Characteristics 1. Temporary means that any project will have a start dates and an Temporary end date (but it has nothing to do with short duration). end 2. Projects differ from operations, because operations are Projects continuous and repeating (projects are temporary), and operations deliver the same or almost the same results (project results are in contrast to unique). results 3. A temporary piece of work with a finite end date undertaken to temporary create a unique product or service. Projects bring form or function to ideas or need. function 4. Planning, execution and controlling of project is the primary Planning, field of project management. field Project Management Project Definitions: Definitions: Project Management: the applications of knowledge, skills, Project tools and techniques to project activities to meet project requirements. Source: PMI Project Management: the planning, monitoring and control of Project all aspects of the project. AND the motivation of all those involved in it to achieve the project objectives on time and cost, quality and performance. Source: PRINCE 2 Project Management is the complete set of tasks, techniques, Project tools, applied during Project Execution. Notable Projects Notable 1. Manhattan Project: Development of the first nuclear Manhattan weapon weapon 2. Polaris missile project: an ICBM control system 3. Human Genome Project: To map the human genome 4. Project Apollo: Landing a man on the moon 5. Channel Tunnel Project 6. Central Artery Project Enterprise Project Management (EPM) Enterprise Up to nineties focus was on the management of single projects Up Currently the emphasis is on management of multiple projects Currently within an enterprise Ability to manage, monitor and assess the status of all projects, Ability through a set of EPM processes, methods and application packages Project Management Office (PMO): Increasingly uses Project Project Management Software (Outsourced, or developed in house) to support EPM. Portfolio Project Management (PPM) Portfolio Tracks the existing set of projects, but it also creates a portfolio of existing Tracks and future projects. It manages this portfolio per: It Budget size Budget Calendar Year Calendar Budget Year Budget Business Line Business Geographic Distribution Geographic It recommends which ones to keep and which ones to discard It discard It is similar to portfolio of stocks or bonds It By creating various scenarios it recommends what portfolio is most By optimal (for a certain year, business, budget, region, etc.) budget, etc.) Software required are rather complex, because they have to take into Software account “enterprise – wide” network administration, e.g. Microsoft, EPM solution: “cps” and “iPlan” Project Management Software Project Management Primarily in control of 1. 2. 3. Quality Time Cost Quality Cost Time or Scope Resource Management Human Quality Cost Finance Time Time Software Software Categories Include: Scheduling Cost control & Budget Management Resource Allocation Communication Quality Management Documentation or Administration Systems Scheduling Scheduling Events which depend on one another in different ways or Events dependencies Scheduling people to work on, and resources required by, the Scheduling various tasks commonly termed resource scheduling Dealing with uncertainties in the estimates of the duration of Dealing each task Arranging tasks to meet various deadlines Arranging Juggling multiple projects simultaneously to meet a variety of Juggling requirements Project Management Software Project Desktop Desktop Web-based Web Desktop Desktop Programs run on a desktop for each user Programs Provides most responsive and graphically intense style of interface Provides Data are stored: either in a file (with ability to collaborate with others), or Data Stored in central database Stored database Web-based Web Can be accessed from any type of computer without installing software Can tware Ease of access-control Ease Naturally multi-user Naturally Only one software version and installation to maintain Only Typically slower to respond than desktop applications Typically More limited graphical capability than desktop applications More Porject information not available when the user (or server) is o...
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