Adm proyectos

WBS

A hierarchical structure that helps visualize each activity of the project.

Benefits of WBS

Used in planning, cost estimation, and creating schedules; helps identify objectives, work packages, and provides a structure to measure project success.

Control Account

A level above work packages for monitoring and reporting performance.

Planning Package

Located between Control Account and Work Package, it represents known work that is undefined.

Work Package

The most detailed level of project assignment, execution, and monitoring of specific tasks.

Milestones

Significant events completed in the project that are important for project managers.

Float

The amount of time a task can be delayed without affecting the project.

Three-point estimate

An estimation method using the average of three values: Optimistic, Most likely, and Pessimistic estimates.

PERT

A method similar to three-point estimate but gives more weight to the most likely estimate for increased precision.

Crashing

A technique to speed up schedules by working harder or allocating more resources.

Fast tracking

A method of speeding up schedules by performing tasks in parallel.

Project plan

A roadmap that outlines what needs to be done to complete the project.

Direct costs

Costs that can be directly attributed to the project, such as labor and materials.

Indirect costs

Overhead costs not directly tied to project outputs, like general administration and marketing.

Risk in project management

A negative event that impacts the project, affecting time, money, and task scope.

Opportunity Risk Strategy - Acceptance

Prepare to the opportunities, same as doing nothing

Risk response strategies for threats Acceptance

Being prepared for the consequences, same as doing nothing

Risk response strategies for threats Mitigation

Reduce the probabilities or consequences

Risk response strategies for threats Transfer

Transfer the consequences to someone else

Risk response strategies for threats Avoid

Eliminating the risk or the potential cause

Opportunity Risk Strategy - Exploit

To eliminate uncertainty and ensure that the opportunity occurs.

Opportunity Risk Strategy - Enhance

To modify the potential of an opportunity to increase its likelihood or maximize its positive impact.

Opportunity Risk Strategy - Share

To allocate part of the responsibility and benefits of the opportunity to a third party.