1. Risk and Problem Analysis
8. Objectives
Anticipation and assessment of
uncertainties, problems, and potential
difficulties that might increase the risk of
project delays and/or failure and threaten
project success.
A detailed statement of what is to be
accomplished by the project
2. Contract Requirement
A general structure of managerial, reporting,
and performance responsibilities, including
a detailed list of staff, suppliers,
subcontractors, managerial requirements
and agreements, reporting requirements,
and a projected organizational structure.
3. Project Scope
A discussion of how to approach the project,
the technological and resource feasibility,
the major tasks involved, and a preliminary
schedule
4. Control
Procedures for monitoring and evaluating
progress and performance, including
schedules and cost.
9. Project Team
Typically consists of a group of individuals
selected from other areas in the
organization, or from consultants outside
the organization, because of their special
skills, expertise, and experience related to
the project activities.
10. Scope Statement
It is a document that provides a common
understanding of a project. It includes a
justification for the project that describes
what factors have created a need within the
company for the project.
11. Project Manager
The most important member of a project
team.
12. Formula for ROI
5. Enumerate the project management
process in order.
1. Planning
2. Scheduling
3. Control
6. Project Management
It comprises of a set of techniques that
helps management accomplish large-scale
projects
7. Return on Investment (ROI)
It is a performance measure that is often
used to evaluate the expected outcome of a
project or to compare a number of different
projects.
13. Gantt Chart
It is a traditional management technique for
scheduling and planning small projects that
have relatively few activities and
precedence relationships.
14. Enumerate the four basic steps in
developing a schedule.
1.
2.
3.
4.
Define the activities
Sequence the activities
Estimate the time
Develop the schedule.
15. Scope Statement
It is a document that provides a common
understanding of a project. It includes a
justification for the project that describes
what factors have created a need within the
company for the project.
16. Soft Returns
Projects sometimes have benefits that
cannot be measured in a tangible way with
something like an ROI; these benefits are
referred to as _______________.
17. Work Breakdown Structure
It is an organizational chart used for project
planning.
18. Slack
It is the amount of time by which an activity
can be delayed without delaying any of the
activities that follow it or the project as a
whole.
19. Time – Cost Trade Off
Some activities may have slack time, so
resources can be shifted from them to
activities that are not on schedule.