schedule, budget, and WBS updates are made. In addition to the change control process, project quality should be considered, which is another major constraint, along with scope, time and cost. Quality is a baseline parameter defined as meeting customer requirements. Before implementing each decision to change scope, cost and time, evaluate the impact to ensure that project results are not broken. The three constraints must be balanced to ensure that requirements are met. 6. Explain how project variance is most effectively managed. Variance is a measurable unexpected change from a set baseline. It is, basically, the difference between what is expected and what is actually accomplished. Variance, in project management, is established by identifying the cost, schedule and scope. Therefore, in the process of building the baseline for the project, it must be take in count the components of the triple constraints of a project: scope, cost, and time. By identifying these measure components and making a baseline for each one of these components we can build up the variance analysis that will allow us to have a track of the project and will tell us where are we supposed to be in the project and where are we actually, and then looking at the things what do we have to do from a monitoring and controlling standpoint to get the project back on track 7. Summarise the project life cycle phases and describe each phase.
The role of the cycle in project management, is to provide the essential structure to supervise the project and the components of each phase. The cycle of the project management is divided into 5 phases: Initiation - During this phase the project has to be seen in a close perspective in order to determine the feasibility of the project, scope and deliverables. Planning - In this phase the project has to be divided into smaller pieces developing the PMP, once the first phase is approved, in the second phase you break down the project in order to create smaller goals and set the budget, schedule, deadlines. This phase will be like the map to follow in order to achieve the set goals. Execution - In this phase the plan, that was approved previously, stars to be executed it is the phase with more activity. The project manager, leading the teams, has to make sure things are going according to the original plan, also the delivering of updates, reviews and performance reports. Monitoring and Control - this phase of the cycle is highly related to Execution and they’re kind of applied at the same time ,as while the project it’s being executed, the monitoring and controlling of it it’s in permanent operation. Closure - once the project has reached this phase analyse and determine the success of the project also evaluating what worked and what did not. 8. Summarise the following key tools for project scheduling a. Schedule Network Analysis This is a graphic representation of the Project’s activities, the time it takes to complete them, and the sequence in which they must be done. Project management software is typically used to create these analyses – Gantt charts and PERT Charts are common formals.
- Three '19
- Project Management, project manager