Project Management
What is a Project?
By: Ray Myers, Jr., PMP A project is a temporary endeavor undertaken to provide or produce a unique product or service. A project: Involves a single definable purpose or end result Requires resources May have many stakeholders Involves uncertainty A Project is Temporary With a definite (defined) beginning And a definite end Temporary does not mean short A Project is Unique It is unlike any... »
3 Reasons to Kill Project
Not every project should be completed. Here are 3 reasons to kill a project: When the project no longer aligns with the business strategy When the balance between the project constraints (scope, schedule, budget) can no longer be aligned with reasonable expectations When the risks exceed the expected benefits Not enough reasons, here a few more: Loss or withdrawal... »
ITTO
By: Ray Myers, Jr., PMP The 4th edition of the PMBOK describes 42 project management processes in terms of ITTO. ITTO stands for Inputs, Tools and Techniques, and Outputs. An Input is any item that is required by a process Tools are anything used as a means of accomplishing a task or purpose and Techniques are procedures... »
Common Project Documents
By: Ray Myers, Jr., PMP Initiation Feasibility Study Business Case Financial Analysis Requirements Document Project Proposal Contract Project Charter End of Phase Checklist Planning Scope Statement WBS (baseline) Statement of Work Project Management Plan Stakeholder Analysis Risk Management Plan Communications Plan Change Management Plan Issue Management Plan Quality Management Plan Procurement Management Plan Acceptance Plan Schedule Gantt Chart Network Diagram Functional Specification Human Resource Plan Organization Charts Project Budget End of Phase Checklist Monitoring and Controlling Change Control Plan Issue Management Plan Risk Management Plan End of Phase Checklist Closing Client... »
Common PM Acronyms
By: Ray Myers, Jr., PMP AC Actual Cost ACWP Actual Cost of Work Performed AD Activity Description ADM Arrow Diagramming Method AF Actual Finish date AOA Activity-On-Arrow AON Activity-On-Node AS Actual Start date BAC Budget at Completion BCWP Budgeted Cost of Work Performed BCWS Budgeted Cost of Work Scheduled CCB Change Control Board CPFF Cost Plus Fixed Fee CPIF Cost Plus Incentive Fee CPI Cost Performance Index CPM Critical Path Method CV Cost Variance DD Data Date DU Duration EAC Estimate at Completion EF Early Finish date ES Early Start date ETC Estimate to Complete EV Earned... »
Project Stakeholders
By: Ray Myers, Jr., PMP The PMBOK defines project stakeholders as a, “Person or organization (e.g. customer, sponsor, performing organization, or the public) that is actively involved in the project, or whose interests may be positively or negatively affected by execution or completion of the project. A stakeholder may also exert influence over the project... »
Introduction to the PMBOK
By: Ray Myers, Jr., PMP The Project Management Book of Knowledge is commonly referred to as the PMBOK. It is a collection of processes and knowledge areas generally accepted as best practice within the project management discipline as defined by the Project Management Institute (PMI.) The PMBOK is an internationally recognized standard (ANSI/PMI 99-001-2008) and... »
PM Roles and Responsibilities
By: Ray Myers, Jr., PMP Here is a basic list of a project manager’s roles and responsibilities: Project Manager’s Role Facilitator Communicator Team building Leadership and guidance Planning Customer relations Resource management Scheduling Technical leadership Stakeholder liaison Project Manager Responsibilities Project planning Resource acquisition People management Funding Materials Equipment Project execution Project control Problem resolution Risk management Leadership Project closing About the Author: Ray Myers, Jr. is a PMP certified project manager with over 2o years experience planning and managing... »
Project Manager Controls
By: Ray Myers, Jr., PMP A project manager can control 4 things: Resources People Equipment Materials Time Schedule Delay / reschedule milestones Product Scope Requirements Risk Risk identification Risk mitigation About the Author: Ray Myers, Jr. is a PMP certified project manager with over 2o years experience planning and managing technology projects. Contact Ray at wwwpmservicesnw.com Article source: www.pmservicesnw.com »
9 Critical Success Factors
By: Ray Myers, Jr., PMP There are many reasons projects are successful. Here are 9 critical project management success factors: Executive support Client involvement End user involvement Well defined and limited scope Clear objectives Firm basic requirements Standardized procedures Formal methodologies Reliable estimates About the Author: Ray Myers, Jr. is a PMP certified project manager with over 2o years experience planning and managing technology projects. ... »
