project management plan, subsidiary plans

Subsidiary plans

Scope

Requirements

Schedule

Cost

Quality

Communications

Risk

Procurement

Resource

Stakeholder engagement

Project management plan project baselines

Schedule baseline

Cost baseline

Scope baseline

10 knowledge areas

integration management

Scope, integration management

Schedule management

Cost management

Quality management

Resource management

Communications management

Risk management

Procurement management

Stakeholder management

Project integration management processes

Develop project charter - initiating

Develop project management plan – planning

Direct to manage project work – executing

Manage project knowledge – executing

Monitor and control project work – monitoring and controlling

Perform integrated change control – monitoring and controlling

Close project or phase Dash closing

Project Scope Management Processes

Plant scope management – planning

Collect requirements – planning

Define scope - planning

Create WBS - planning

Validate scope – monitoring and controlling

Control scope – monitoring and controlling

Project cost management processes

Plan cost management – planning

Estimate costs – planning

Determine budget – planning

Control costs – monitoring controlling

Project quality management processes

Plan quality management – planning

Manage quality – executing

Control quality – monitoring controlling

Project resource management processes

Plan resource management – planning

Estimate activity resources – planning

Acquire resources – executing

Develop team – executing

Manage team – executing

Control resources – monitoring and controlling

Project communications management processes

Plan communications management – planning

Manage communications – executing

Monitor communications – monitoring and controlling

Project risk management processes

Plan, risk management – planning

Identify risks – planning

Perform qualitative risk analysis – planning

Perform quantitative risk analysis – planning

Plan risk responses – planning

Implement risk responses – executing

Monitor risks – monitoring and controlling

Project procurement management processes

Plan procurement management – planning

Conduct procurements – executing

Control procurement – monitoring and controlling

Project stakeholder management processes

Identify stakeholders – initiating

Plant, stakeholder engagement – planning

Manage stakeholder engagement – executing

Monitor, stakeholder engagement – monitoring and controlling

Needs a demands and other factors that lead to project creation

Market demand

Organizational need

Customer request

Technological advance

Legal requirement

Ecological impacts

Social need

Strategic opportunity, your business need

Competitive forces

Political changes

New technology

Stakeholder demands

Business process improvements

Material issues

What are the two categories of Project selection methods

constrained, optimization methods, a.k.a. mathematical, models, or calculation methods

Benefit, measurement methods, a.k.a. decision models

Define Constrained optimization methods

Mathematical modeling techniques used when considering undertaking projects of enormous complexity. There are complicated, mathematical, formulas, and algorithms, and will car engineering statistical or mathematical backgrounds. They use linear, dynamic, integer, nonlinear, and or multi objective programming.

Define benefit measurement methods and name approaches

Methods that employ various forms of analysis and comparative approaches to make project decisions.

Benefit Dash cost ratio, analysis, scoring models, and benefit contribution methods that include various cash flow techniques and economic models.

Benefit – cost ratio analysis (BCR) define

Compares the cost to produce the product service or result of the project to the benefit, usually financial in the form of savings or revenue generation, that the organization will receive as a result of executing the project

Define Scoring models or (weighted) scoring models

A model where criteria is decided by a project selection committee that will be used and assigned a weighting, depending on its importance to the project committee in order to choose between competing projects. Criteria might be profit, potential, marketability of the product or service, or ability of the company to quickly, and easily produce the service.

Cash flow analysis techniques – list types

Pay back period

Discounted cash flow

Net present value

Internal rate of return

Payback period (PBP), define and formula

The length of time it takes the company to recoup the initial cost of producing the product, service or result of the project. Compares the initial investment to the cash inflows expected over the life of the product, service, or result.

Initial investment - cash inflows =0

Discounted cash flows formula

FV = PV(1+i)³ or N power being time

Time value of money - state significance

money received in the future is worth less than money received today.

Net Present Value (NPV)

Allows you to calculate an accurate value for the project in today’s dollars.

you evaluate cash inflows using the discounted cash flow technique apply to each. The inflows are expected instead of one sum. The total present value of the cash flows is then deducted from your initial investment to determine NPV.

It assumes that cash inflows or reinvested up the cost of capital.

Initial Rate of Return (IRR)

The discount rate, when present value of the cash inflows equals the original investment. Projects with hire IRR values are generally considered better than projects with low IRR values.

It essentially asks, what would the cost of capital, the percent, need to be in order for the NPV to equal zero

Business Documents- they include what?

Business case

Business management plan

Agreements

Enterprise environmental factors

Organizational process assets

Business case - summary definition

Defines the need for the project and determines whether the investment in the project is worth while. It also includes the financial analysis of project selection, methods, constrained, optimization methods, and benefit measurement methods.

Business case documents

Description of the project, business need, demand, or opportunity driving project. The section might note needs assessment feasibility study. Findings should also include description of impact to the organization of project, not undertaken.

I love a description of scope of the project, including list of high-level, deliver bowls, and desired outcomes

Names of stakeholders in Bible project

Analysis of the problem or opportunity to project represents, including how it aligns with organization, strategic vision and goals, cause a problem that’s driving creation, and a gap analysis, showing exist, and capabilities of work versus how org’s will change as a project implemented.

high-level list and description of risk

Description of critical success factors

Description of the expected results of each alternative solution in the course of action for each

Recommended option, includes a summary of the analysis, perform to get the solution, description of risks, constraints, and assumptions associated with recommended option. Common high-level plan to implement solution outlining major milestones, any project, dependencies, and roles and responsibilities of stakeholders

Evaluation statement

What are the three categories of decision analysis in determining project as outlined in business case?

Required

Desired

Optional