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Lesson Posted on 24/12/2018 Functional Training/Project Management/PMP Training IT Courses/MS Office Software Training/MS Project

Earned Value Analysis

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

It Compares Performance Measurement Baseline to the actual schedule and cost performance. Performance Measurement Baseline integrates Scope Baseline, Schedule Baseline and Cost Baseline. For each work package the following dimensions are calculated : Planned Value . Work that was planned to have... read more

It Compares Performance Measurement Baseline to the actual schedule and cost performance. Performance Measurement Baseline integrates Scope Baseline, Schedule Baseline and Cost Baseline.

 

For each work package the following dimensions are calculated :

  • Planned Value [PV]. Work that was planned to have been completed at a given point of time
  • Budget At Completion [BAC]. Total planned value for the project. Also called Cost Baseline
  • Earned Value [EV]. The measure of work performed at a given point of time
  • Actual Cost [AC]. The total cost incurred to complete the work measured in EV

 Percentage Project Complete at a given point of time. Percentage of EV/BAC

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Lesson Posted on 24/12/2018 Functional Training/Project Management/PMP Training IT Courses/MS Office Software Training/MS Project Functional Training/Business Analysis Training +2 IT Courses/IIBA CBAP Training IT Courses/CAPM Training less

Project Management Business Documents

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

Project Business Case It documents the economic feasibility of the project. It is prepared before starting the project and can result in a go/no-go decision for the project. One of the criteria for determining project success. The input for Business Case is needs assessment. Project Benefits Management... read more

Project Business Case

It documents the economic feasibility of the project. It is prepared before starting the project and can result in a go/no-go decision for the project. One of the criteria for determining project success. The input for Business Case is needs assessment.

Project Benefits Management Plan

It documents how and when the benefits of the project will be delivered — one of the criteria for determining project success. The inputs for Benefits Management Plan are needs assessment and Project Business Case.

Project Charter

Issued by Project Sponsor and formally authorises the project’s existence. The input for Project Charter is Business Case

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Lesson Posted on 24/12/2018 Functional Training/Project Management/PMP Training IT Courses/MS Office Software Training/MS Project

Work Performance Reports

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

These are the collection of Work Performance Information. These are distributed to aid decision making and increase awareness of project status. The reports are circulated to all relevant project stakeholders in communications processes. These reports may contain one or more of following : Status... read more

These are the collection of Work Performance Information. These are distributed to aid decision making and increase awareness of project status. The reports are circulated to all relevant project stakeholders in communications processes.

These reports may contain one or more of following :

  • Status updates
  • Earned value graphs,
  • Trends and forecasts
  • Burndown charts
  •  Risk Summaries
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Lesson Posted on 24/12/2018 Functional Training/Project Management/PMP Training IT Courses/MS Office Software Training/MS Project

Agreements

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

A contract is a mutually binding agreement. It obligates the seller to provide the deliverables and the buyer to make the payment on delivery. It is a legal document recognised in the court of law The agreement includes the following : Procurement statement of work Schedule of deliveries Pricing... read more

A contract is a mutually binding agreement. It obligates the seller to provide the deliverables and the buyer to make the payment on delivery. It is a legal document recognised in the court of law

 

The agreement includes the following : 

  • Procurement statement of work
  • Schedule of deliveries
  • Pricing and Payment Terms
  • Acceptance criteria
  • Incentives and penalties
  • Warranty support
  • Standard contract clauses – Force Majeure, Liquidated Damages, Change handling, Termination
  • Claims Administration and Alternative Dispute Resolution
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Lesson Posted on 24/12/2018 Functional Training/Project Management/PMP Training Functional Training/Business Analysis Training IT Courses/IIBA CBAP Training +1 IT Courses/CAPM Training less

Five Stages of Team Development

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

Tuckman Ladder developed by Tuckman describes five stages of team progression Forming. Team members meet and learn about the project. Individuality is high Storming. Team members start working. Conflicts arise due to I am right mentality Norming. Team members adjust their behaviour to work together.... read more

Tuckman Ladder developed by Tuckman describes five stages of team progression

 

  • Forming. Team members meet and learn about the project. Individuality is high
  • Storming. Team members start working. Conflicts arise due to I am right mentality
  • Norming. Team members adjust their behaviour to work together. Trust develops
  • Performing. The team works as well organised unit. Interdependency is high
  • Adjourning. Team members complete project work and start leaving the project

There is no guarantee that Project Teams will progress smoothly through these five stages.  Teams could get stuck in a particular stage or go back to a previous stage.

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Lesson Posted on 24/12/2018 Functional Training/Project Management/PMP Training IT Courses/MS Office Software Training/MS Project Functional Training/Project Management +1 IT Courses/CAPM Training less

Critical Path Method

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

This method involves the following steps : Calculate the Duration for all activities on the Task Network Diagram. Calculate the early start , early finish , late start and Late Finish for all activities by using Forward pass and Backward pass techniques. Identify the number of paths on the Network... read more

 This method involves the following steps :

  • Calculate the Duration for all activities on the Task Network Diagram.
  • Calculate the early start [ES], early finish [EF], late start [LS] and Late Finish [LF] for all activities by using Forward pass and Backward pass techniques.
  • Identify the number of paths on the Network Diagram.
  • Calculate the total duration of each path.
  • Identify the path with the longest duration. This path is called Critical Path.
  • The Critical Path Duration will be the MINIMUM Project Duration.
  • Calculate Total Float for all activities with the formula [LS-ES] or [LF-EF].
  • Total Float is the amount of time an activity can be delayed without delaying the project finish date. The float is also called as Slack.
  • Identify Activities on Critical Path. These will have zero float which means they HAVE to start and finish on time.
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Lesson Posted on 23/12/2018 Functional Training/Project Management/PMP Training IT Courses/CAPM Training

Control Charts

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

Used to determine if process is stable or unstable Upper Control Limit and Lower Control Limit are set by process. These denote the statistical boundaries within which the process should operate to be considered stable. Upper Specification Limit and Lower Specification Limit are provided by... read more

Used to determine if process is stable or unstable

  • Upper Control Limit [UCL] and Lower Control Limit [LCL] are set by process.  These denote the statistical boundaries within which the process should operate to be considered stable.
  • Upper Specification Limit [USL] and Lower Specification Limit [LSL] are provided by customer. These denote boundaries within which the process is considered to be capable (non-defective)
  • Data variation between control limits are due to normal cause of variation while variation beyond control limits are due to special cause of variation.

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Lesson Posted on 23/12/2018 Functional Training/Project Management/PMP Training IT Courses/CAPM Training Functional Training/Business Analysis Training +1 IT Courses/IIBA CBAP Training less

Requirements Traceability Matrix

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

To keep a trace of the requirements captured till they are implemented Traceability helps in the following : Keeping track of requirements as they move through various project phases Identifying requirements which got missed in implementation Tracking dependencies between requirements Helps... read more

To keep a trace of the requirements captured till they are implemented

 

Traceability helps in the following : 

  • Keeping track of requirements as they move through various project phases
  • Identifying requirements which got missed in implementation
  • Tracking dependencies between requirements
  • Helps in understanding impact of proposed change requests
  • Ensuring requirements captured are relevant to the business needs of the project
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Lesson Posted on 23/12/2018 Functional Training/Project Management/PMP Training IT Courses/CAPM Training IT Courses/IIBA CBAP Training +1 Functional Training/Business Analysis Training less

Basics of Stakeholder Management

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

Stakeholders for a project are people or groups of people who impact it or be impacted by itThe ability of Project Manager to correctly identify and engage stakeholders could become the difference between a successful project and a failed projectProcess of Stakeholder Management should start early as... read more

Stakeholders for a project are people or groups of people who impact it or be impacted by it
The ability of Project Manager to correctly identify and engage stakeholders could become the difference between a successful project and a failed project
Process of Stakeholder Management should start early as at the time of project charter creation

Stakeholder Management includes

  • Regular Communication with stakeholders
  • Issue Tracking and Management
  • Managing conflicting interests
  • The activities under stakeholder management are iterative and need to be repeated throughout the project
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Lesson Posted on 23/12/2018 Functional Training/Project Management/PMP Training Functional Training/Project Management IT Courses/MS Office Software Training/MS Project +1 IT Courses/CAPM Training less

Activity Duration

Venkat Annapragada

I have been corporate trainer for 8 years. I have conducted sessions in India as well as abroad. The...

Number of work periods needed to complete the activity.Duration of an activity is calculated using the Task Rule which is as follows : Work = Duration * Resource Units i.Work is the Effort estimated for the activity. Various Estimation techniques discussed previously can be used. This... read more

Number of work periods needed to complete the activity.
Duration of an activity is calculated using the Task Rule which is as follows :

             Work = Duration * Resource Units

i.Work is the Effort estimated for the activity. Various Estimation techniques discussed previously can be used. This is usually expressed in hours.

ii.Resource Units equals the number of resources that are assigned to the activity and the number of hours per day they are available for this activity.

iii.Duration calculated from above Rule is usually expressed in days.

Example :

An High Level Design Document is required to be prepared. It’s estimated effort is 40 hours. Two resources are assigned to it. Both of them can spare 4 hours each daily for this activity. What is the Duration of this Activity ?

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