INTRODUCTION SCOPE TIME MANAGEMENT COST MANAGEMENT QUALITY MANAGEMENT HUMAN RESOURCES MANAGEMENT COMMUNICATIONS MANAGEMENT RISKMANAGEMENT PROCUREMENT MANAGEMENT INTEGRATION ASSESMENT 2 3 Renewable energy is energy which comes from natural resources such as sunlight, wind, water, biomass tides, and geothermal heat, which are renewable (naturally replenished). Wikipedia 4 Advantages of Renewable Energy We can use it repeatedly without depleting it (Infinite). No contribution to global warming No polluting emissions Low cost applications when counting all costs Saving on health and its costs Job creation Green Urban development 5 Sunlight Solar energy is the energy derived from the sun through the form of solar radiation. Solar powered electrical generation relies on photovoltaic's and heat engines. A partial list of other solar applications includes space heating and cooling through solar architecture, daylighting, solar hot water, solar cooking, and high temperature process heat for industrial purposes. Wikipedia 6 Industry terms Amorphous A type of PV solar cell. Unlike multicrystalline and monocrystalline cells (see below), amorphous panels are not made from interconnected solar cells made from expensive crystalline silicon. Active solar Using a collector, e.g. a solar panel, to capture the sun's energy and use it to heat water or convert it to electricity. Drain back system A solar water heating system where the water inside the solar panel drains into a small back bottle when the pump switches off. This protects the system against damage due to boiling and freezing, without the use of antifreeze. WWW.WHICH.CO.UK 7 Industry terms Evacuated tubes A type of solar water heating panel. Evacuated glass tubes collect the sun's energy and heat water running through a container at the top of the tubes. Passive solar Capturing the sun's energy without a panel or collector, e.g. through large south-facing windows, and minimizing heat loss through insulation. Photovoltaic's, PV PV cells are thin layers of semi-conducting material (usually silicon). Electrical charges are generated when the silicon is exposed to light which can be conducted away as direct current. WWW.WHICH.CO.UK 8 Industry terms Solar tiles Use the same technology as photovoltaic cells, but are smaller and narrower than large PV panels and look like roof tiles. Solar water heating Water is pumped through a solar panel and heated by solar energy. The heated water then flows through a heat exchanger, warming the water in your hot water cylinder. Monocrystalline silicon cells The most efficient and expensive PV cell. Cut from single crystals of silicon, this system can harness around 15% of the sun's energy that falls on it. Multicrystalline silicon cells PV system made from silicon cut into wafers. It’s slightly less efficient than monocrystalline cells but also slightly cheaper WWW.WHICH.CO.UK 9 10 PV SOLAR SYSTEM COMPONENTS Solar Panels /tiles- the essential component that changes light into electricity Inverters - the component that transforms AC into DC. Stand Alone Inverters – Utilized in independent solar energy systems, any energy system that is "off grid." Charge Controllers - controls the energy flow and protects your battery Solar Batteries - "tolerant" batteries that survive frequent charging and discharging www.thesolarguide.com 11 PV SOLAR SYSTEM COMPONENTS Grid tie Inverters (aka "Synchronous Inverters") - an inverter that allows excess electricity to flow back into the grid. Solar panel mounts - the hardware that holds your panel in optimum basking position Solar panel tracking - adjusting your panels for optimum sun exposure Metering – To provide indication of system performance Other Components – Electrical Wiring, Utility switch www.thesolarguide.com 12 SOLAR WATER HEATING SYSTEMS Solar Water Heaters—also called solar domestic hot water systems—can be a cost-effective way to generate hot water for your home. www.solardirect.com Closed-Loop Active Systems - Indirect Circulation Suitable for single and multiple solar heating application systems. Suitable for areas with questionable water quality and all climate conditions. Preferred option for extremely cold areas. Open-Loop Active Systems - Direct Circulation Open Loop Systems are suitable for single application domestic hot water (DHW) systems, in mild and moderate climates where there is no risk of freezing. 13 14 15 SOLAR WATER HEATING SYSTEM COMPONENTS Flat-plate collector Glazed flat-plate collectors are insulated, weatherproofed boxes that contain a dark absorber plate under one or more glass or plastic (polymer) covers. Unglazed flat-plate collectors—typically used for solar pool heating—have a dark absorber plate, made of metal or polymer, without a cover or enclosure. Evacuated-tube solar collectors They feature parallel rows of transparent glass tubes. Each tube contains a glass outer tube and metal absorber tube attached to a fin. The fin's coating absorbs solar energy but inhibits radioactive heat loss. These collectors are used more frequently for commercial applications 16 Wind Airflows can be used to run wind turbines. Wind Turbines are used to generate electrical energy with a production capacity range of 600kw-5MW. 17 Water Energy in water can be harnessed and used. Since water is about 800 times denser than air, even a slow flowing stream of water, or moderate sea swell, can yield considerable amounts of energy. There are many forms of water energy: Hydro electricity Ocean Energy Marine current power 18 Geothermal Energy Geothermal energy is energy obtained by tapping the heat of the earth itself, both from kilometers deep into the Earth's crust or from some meters in geothermal heat pump. 19 Renewable Energy Biomass Biomass is a very versatile form of renewable energy. Biomass power plants burn biomass fuel in boilers to heat water and turn a steam turbine to create electricity. Biomass fuel is everything from wood to landfill trash, which is currently being used to convert into methane for the production of dry natural gas. www.greenenergy.com 20 Biomass Flow chart 21 22 Biomass Advantages Biomass can be used to make a variety of fuels to generate electricity Biomass is used for the production of chemical products Biomass waste can help in reducing disposal costs Biomass waste can extend the life of landfills Biomass Disadvantages Generates air pollution 23 Weatherization or weatherproofing is the practice of protecting a building and its interior from the elements, particularly from sunlight, precipitation, and wind, and of modifying a building to reduce energy consumption and optimize energy efficiency. www.wikipedia.com Primarily reduces convective heat flow 24 WEATHERIZATION PROCEDURES Sealing bypasses (cracks, gaps, holes), especially around doors, windows, pipes and wiring that penetrate the ceiling and floor Sealing recessed lighting fixtures Sealing air ducts, which can account for 20% of heat loss, using fiber-reinforced mastic Installing/replacing dampers in exhaust ducts Protecting pipes from corrosion and freezing. Installing footing drains, foundation waterproofing membranes, interior perimeter drains, sump pump, gutters, downspout extensions, etc. to protect a building from both surface water and ground water. 25 WEATHERIZATION PROCEDURES Providing proper ventilation to unconditioned spaces to prevent of condensation. Installing roofing, building wrap, siding, flashing, skylights or solar tubes and making sure they are in good condition on an existing building. Installing insulation in walls, floors, and ceilings, around ducts and pipes, around water heaters, and near the foundation and sill. Installing storm doors and storm windows. Replacing old drafty doors with tightly sealing, foam-core doors. Replacing older windows with low-energy, double-glazed windows. 26 Weatherization operations manager A weatherization operations manager may be responsible for conducting energy audits, provide weatherization and remediation services such as "healthy homes" testing, install solar energy systems, produce bio-fuels and deliver environmental education to the public for more energy efficient homes and businesses. Green Carpenter Being a green carpenter can be realized through prioritizing green building measures. Utilize renewable sustainable resources 27 GREEN JARGON 3R's - In the world of green, this standard for Reduce, Reuse, Recycle Biodegradable - A material that breaks down with the assistance of microorganisms bioaccumulation - Where toxins taken up by plants and animals from their environment become concentrated in body tissues. Biodiversity - The scope of different living things within an area the plants, animals, fungi and microorganisms and the ecosystems they are part of. Degradable - A material that breaks down through chemical reactions rather than through the activity of microorganisms 28 GREEN JARGON Blackwater - Water effluent containing fecal matter and urine - i.e. sewage carbon footprint - the amount of carbon dioxide emissions created by a person or industry CFL - Compact Fluorescent Lamp - an energy saving light bulb rapidly replacing traditional incandescent bulbs. climate change - Most commonly means a rapid variation in the Earth's global climate due to anthropogenic (human) activity induced global warming Co2 - chemical shorthand for carbon dioxide - the greenhouse gas that is contributing greatly to global warming 29 GREEN JARGON fossil fuel - any hydrocarbon deposit used for fuel such as oil, coal and natural gas. These are called "fossil" fuels as it takes many years for them to be created in the natural environment. greenhouse gas - Any of a number of atmospheric gases that contribute to the greenhouse (warming) effect of our atmosphere Greywater - Effluent from the shower, bath, sinks and washing machines. Does not contain sewage Ecosystem - The physical and biological elements of an area co-existing to form a self supporting environment. Emissions - Usually used in reference to exhaust or greenhouse gases or carbon dioxide production as a byproduct of human activity. 30 Improved Communication Ability to define and control project scope Ability to identify, monitor, and track milestone Accurate projection of resource requirements Improved assessment and mitigation of project risk events Prioritization of functional and project activities Identification of problem areas 31 An endeavor undertaken to create Renewable Energy services. Solar Panel Installation Urban Housing retrofit energy systems Windmill Installation and Repair 32 The application of Knowledge, skills, tools, and techniques to project activities of a Renewable Energy Project in order to meet the project requirements 33 SCOPE Process to identify all and only work required to complete the project QUALITY Measure of performance TIME Process to identify timeline for project completion COST Project Budget RISK Probability Analysis 34 •CUSTOMER •END USERS •SHAREHOLDERS •SUPPORT AND MAINTENANCE DEPARTMENTS •CUSTOMER SERVICE REPRESENTATIVE •TEAM MEMBERS •SPONSORS •FUNCTIONAL MANAGERS •PROJECT MANAGERS 35 Knowledge What the project manager knows about project management Performance Completion of the project requirements within the established Time, Cost and Scope of the Project Personal Self mastery Ethical Leadership Show Initiative 36 Laying out The Project Workflow And Plan Develop assessment/Measuring Plan Establishing communication Lines on all levels Develop contingency plan Executing the plan Management by walking around 37 CAPM-Certified Associates Project Manager PMP-Project Manager Professional Sign up for test On Job experience Pass Exam Application Process CAPM Hours PMP 38 MISSION WHAT SERVICE TO PROVIDE VISION OUTCOME FUTURE PLANS OF THE PROJECT OBJECTIVES OPERATIONS OF THE STRATEGIES PROJECT 39 WHAT SERVICE TO PROVIDE FUTURE PLANS OF THE PROJECT OUTCOME OPERATIONS OF THE PROJECT 40 41 “Project scope management includes the processes required to ensure that the project includes all the work required, and only the work required to complete the project successfully.” PMBOK P.103 Collect Requirements Define Scope Create WBS Verify Scope Control Scope SCOPE: Developing a detailed description of the project and product. 42 “The process of defining and documenting stakeholders needs to meet the project objectives.”PMBOK P.105 Project Charter – High level project requirements Stakeholder Register – Stakeholders who can contribute to project Tools Interviews Focus Groups Facilitated Workshops 43 Time Cost Quality Resources Risk Technology 44 45 SCOPE Initiating Planning Executing Monitoring and Controlling 1. Collect Requirements 1. Verify Scope 2. Define Scope 2. Control Scope Closing 3. Create WBS 46 1.Collect Requirements 1.“The Process of defining and documenting stakeholders needs to meet the project objectives.” 2.Define Scope 2.“Developing a detailed description of the project and product.”PMBOK P.103 47 3. Work Break Down Station 1. “Subdividing the major project deliverables and project work into smaller, more manageable components.” 1A.Verify Scope 1. Completion of all and only scope requirements. 2A. Control Scope (Risk) 2.a A contingency plan due to the probability of negative events to the project 48 “Process of formulizing acceptance of the completed project deliverables.” PMBOK P.123 Tools & Techniques Inputs Project management plan Requires Documentation Requires traceability matrix Validated deliverables Inspection Outputs Accepted Deliverables Change Request Project document updates 49 “The process of monitoring the status of the process and product scope and managing changes to the scope baseline.”PMBOK P.125 Inputs Project Management Plan Work Performance Requirements Requirements Traceability Organizational Process Tools & Techniques Variance Analysis Outputs Work Performance Organizational Process Change Request Project Management Plan Project document updates 50 Create Scope 51 52 “Project Time Management-Includes the processes required to complete the project.” PMBOK P.65 Define Activities Sequence Activities Estimate Activity Resource Estimate Activity Durations Develop Schedule Control Schedule 53 Time Initiating Planning Executing • Activity Definition • Activity Sequencing • Activity Duration Estimating • Schedule Development Monitoring and Controlling Closing Schedule Control 54 Activity Definition The process of identifying the specific actions to be performed to produce the project deliverables. Activity Sequencing The process of identifying and documenting relationships among project activities There are four types of Activity sequencing models 55 Start to Start Finish to finish One task must be complete for the following task to be complete Start to Finish Task of the project can be started at the same time A task must be complete for another task to finish Finish to Start One task must be complete for another to start 56 Start Task A Task B Task C Task E Task D Task F Finish Task G 57 Mandatory (Hard Logic) Discretionary(Soft Logic) Inherent in the nature of the work being done Defined by the project management team External Involve a relationship between project activities and non-project activities 58 Activity Duration Estimating – The process of approximating the number of work periods it will take to complete individual activities with estimate resources. PMBOK p.129 59 Schedule development – The process of analyzing activity sequences, durations resources requirements, and schedule constraints to create the project schedule. Critical Path Method (CPM) Graphical Evaluation & Review Technique (GERT) Program Evaluation & Review Technique (PERT) 60 TIME MANAGEMENT Project Title Project Sponsor Objective Work Break Down Structure Gantt Chart Network Diagram 61 62 The processes involved in planning, estimating, budgeting, and controlling costs so that the project can be completed within the approved budget. 63 Cost Initiating Planning COST ESTIMATING Executing Monitoring and Controlling Closing COST CONTROL COST BUDGETTING 64 Life cycle costing Opportunity cost Cost of next best alternative Value engineering Start to Finish Optimizing costs vs. benefits Sunk costs Spent funds 65 Payback period analysis Cost benefit analysis (BCR) Discounted Cash Flow (DCF) Analysis Future Value (FV) Present Value (PV) Net Present Value (NPV) Internal rate of return(IRR) Return on Investment(ROI) 66 Earned Value Management – Key Terms Planned Value (PV) – Budgeted cost for the work scheduled to be completed on an activity or WBS component up to a given point in time. Earned Value (EV) – Budgeted amount for the work actually completed on the schedule activity or WBS component during a given time period. Actual Cost (AC) – Total cost incurred in accomplishing work on the schedule activity or WBS component during a given time period. 67 Approximation of the cost of the resources needed to complete each schedule activity. Considers possible causes for variation, including risk Includes identifying and considering cost alternatives May be expressed in currency A quantitative assessment of all likely cost Cost Vs. ‘Price’ perspective 68 Estimate accuracy Always provide a range and not a single number Rough Order Magnitude (ROM) +/- 50% Definitive Estimates (Budget) +/- 10% Association for the advancement of cost engineering (AACE) 69 Include all resources Labor Materials Equipment Services Facilities Special categories Inflation allowance Contingency costs Performance penalties 70 Considerations Resource performance (availability/efficiency) Learning curve – As cost rise, cost per unit drops Law of diminishing returns – As total output increases, per-individual-productivity drops 71 Aggregating the estimated costs of individual schedule activities or work packages to establish a total cost baseline for measuring project performance. Base line-a time-phased budget Projects may have multiple baselines Budget vs. Estimate vs. Plan 72 Influencing the factors which create changes to the cost baseline to ensure that the changes are beneficial. Determining that a cost baseline has changed Managing the actual changes when and if they occur Recording and communicating cost variances 73 TIME MANAGEMENT Project Title Project Sponsor Objective Cost Estimates Time Phased Budget 74 75 TIME MANAGEMENT Project Title Project Sponsor Objective Planned Value Cost Control Chart 76 77 “The processes include all the activities of the performing organization that determine the quality policies, objectives, and responsibilities so that the project will satisfy the needs for which it was undertaken.”PMBOK P.189 Plan Quality Perform Quality Assurance Perform Quality Control 78 “Identifying quality requirements and/or standards for the project and product, documenting how the project will demonstrate compliance.” PMBOK Quality Management Plan Defines how the organization addresses the issue of quality. This policy covers both intention and direction. Organizational Structure Responsibilities Processes and Procedures Resources needed to implement 79 Quality Assurance System Audit System Measures of Performance Tangible Data Implement Process control systems Corrective action plan 80 Variation-normal/common/random. Found throughout the entire system Accounts for 85% of variation Management’s responsibility to correct Requires investigation and elimination or incorporation Abnormal Specific to material, machinery, manpower, or method. Accounts for only 15% of variation Location supervisor or worker should correct 81 82 Statistical Terms Mean – The average value of a set of numbers Median – The middle value Mode – The most commonly occurring value Variance – The difference between what is expected to happen and what actually occurs Standard Deviation – The measure of the dispersion or variation in a distribution 83 Cause and Effect Diagram Ishikawa Diagram Fishbone Diagram Reasons for use Identifies root causes of problems Analysis of problems 84 85 A flow chart is a graphical representation of a process Identifies potential problem areas Used in process improvement 86 Pareto chart is a specific type of histogram, ordered by frequency of occurrence. 87 TIME MANAGEMENT Project Title Project Sponsor Objective Quality Assurance Training Recruiting Audits Quality Checklist 88 89 What is Human Resource Management “HR Management includes the processes that organize, manage and lead the project team.”PMBOK P.199 90 HUMAN RESOURCES Initiating Planning HUMAN RESOURCE PLANNING Executing ACQUIRE PROJECT TEAM Monitoring and Controlling Closing MANAGE PROJECT TEAM DEVELOP PROJECT TEAM 91 “The process of identifying and documenting project roles, responsibilities, and creating a staffing management plan.” PMBOK P.215 92 A Responsibility Assignment Matrix (RAM), (also known as RACI matrix or Linear Responsibility Chart (LRC)), describes the participation by various roles in completing tasks or deliverables for a project. It is especially useful in clarifying roles and responsibilities in cross-functional/departmental projects and processes. [wikipedia 93 The resource histogram is a tool that is often used by the project management team as a means of providing a visual representation to the team and to all of those interested parties. Specifically speaking, the resource histogram is specifically a bar chart that is used for the purposes of displaying the specific amounts of time that a particular resource is scheduled to be worked on over a predetermined and specific time period. Resource histograms may also contain the comparative feature of resource availability, used for comparison on for purposes of contrast. wikipedia 94 95 Acquire “The process of confining human resource availability and obtaining the team necessary to complete the project” PMBOK P.215 Develop “Improving the competencies, team interaction, and the overall team environment to enhance project performance.” PMBOK P.215 96 Plan for Team Building Negotiate for Team Members Who-Project roles & responsibilities What-The project goals and objectives When-Project schedules Because of the potential to contribute expertise Because of their potential to be effective team players Organize the Team Work authorizations for each item on the WBS Responsibility 97 An organizational chart of a project usually shows the managers and sub-workers who make up the project. 98 Team building: The process of getting a group of diverse individuals to work together effectively as a unit. Improve overall performance Manage conflicts Establish working relationships Team building is a project life process 99 Effective Team Development Reliability Co-operation Helpfulness Knowledge sharing Accountability Interdependent Moderate levels of competition and conflict 100 Maslow's Hierarchy of Needs A Theory of Human Motivation Physiological Needs Safety Needs Need of Love, affection, and belonging Need of Esteem Need of Self Actualization 101 102 McGregor’s Theory of X and Y Theory X Employees are inherently lazy Workers need to be closely supervised Control systems need to be established Workers will avoid responsibility Incentive program needs to be created Hierarchal structure needs to be created 103 McGregor’s Theory of X and Y Theory Y Employees are Ambitious Workers are self motivated They have creative problem solving skills Talents are underused Satisfaction from doing a good job is motivation Positive set of beliefs about workers 104 “Tracking team member performance, providing feedback, resolving issues, and managing changes to optimize project performance.” What is reported Objectives Skill Development Team Work 105 Project Title Project Sponsor Objective Organization Structure Responsibility Matrix 106 107 “The processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval and ultimate disposition of project information.” PMBOK P.243 Identity Stakeholders Plan Communications Distribute Information Manage Stake-Holder Expectations Report Performance 108 COMMUNICATIONS Initiating Planning COMMUNICATIONS PLANNING Executing INFORMATION DISTRIBUTION Monitoring and Controlling Closing PERFORMANCE REPORTING MANAGE STACKHOLDERS 109 We retain and/absorb Reading-10% Hearing-20% Read and Hear-30% Through Discusion-50% Experience-80% What we teach to others 110 90% of a project manager’s job Affects every part of a project Can make or break a project Communication to Performance relationship 111 Now-50% Two days duration-25% Seven days duration-10% Where we gain communication From words-7% From Tone-38% From non-verbal cues-55% 112 The communications model is made up of three key parts; Sender, Message, and Receiver 113 Who is the audience What is their job What do they do What do they know What info do they need What are their deliverable Reaction to message sent Active Decision makers, supporters, and workers Passive Information and Entertainment Seekers 114 •Objective Setting •Up-Front Planning •Project Organization •Key Staffing •Master Plan •Policies •Monitoring Execution •Priority-Setting •Conflict Resolution •Executive-Client Contact Project Manager Project Sponsor Project Tem 115 Communication lines directly related to people People increase Communications lines increase Communications Lines Formula N(N-1)/2 N-Number of people 116 Project Manager 117 Performance Reporting – Involves collecting and disseminating information in order to provide stakeholders with information about how resources are being used to achieve project objectives. PMBOk P.266 Status Reporting – Describing where the projects stand now Progress Reporting – Describing what the project team has accomplish Forecasting – Predicting future project status and progress 118 119 120 COMPONENTS Plan Risk Management Identify Risk Perform Qualitative Risk Analysis Perform Quantitative Risk Analysis Plan Risk Response Monitor and Control Risks 121 Risk Initiating Planning Executing RISK MGMT PLANNING RISK IDENTIFICATION Monitoring and Controlling Closing RISK MONITORING AND CONTROL QUALIATIVE RISK ANALYSIS QUANTITTATIVE RISK ANALYSIS RISK RESPONSE PLANNING 122 “Process of defining the risk management activities of the project.” Utilize organization charts Organization risk tolerance Output of scope Risk Categories Identify communication on all levels 123 “The process of determining which risks may affect the project and documenting their characteristics.” Information Gathering Techniques Brainstorming Strength, Weaknesses, opportunities, and threats (SWOT) analysis. Diagramming Techniques Cause and effect diagrams – “Fishbone” Flowcharts 124 Qualitative The process of prioritizing risk for further analysis or action by assessing and combining their probability of occurrence and impact. Focus on high priority Risk Probability and Impact Assessment Quantitative “The process of numerically analyzing the effects of identified risk on overall project objectives.” Decision tree analysis Quantify possible outcomes and their probabilities 125 126 Probability Risk Score = P x I Rare Catastrophic 0.05 0.1 0.2 0.4 0.8 0.9 0.05 0.09 0.18 0.12 0.08 0.7 0.04 0.06 0.28 0.56 0.5 0.03 0.05 0.10 0.20 0.80 0.3 0.008 0.03 0.06 0.12 0.24 0.1 0.005 0.01 0.02 0.04 0.08 127 “The process of developing options and actions to enhance opportunities and to reduce threats to project objectives.” PMBOK P.301 Identifies risk owner Responds by priority, with modification to resources and activities in the budget, schedule, and project management plan. 128 Strategies for negative risks or threats Mitigate – seeks to reduce the probability and/or impact of the risk Strategy for both threats and opportunities 129 “The process of implementing risk response the plans, tracking identified risks, monitoring residual risk, identifying new risks, and evaluating risk process effectiveness throughout the project.” PMBOK P.308 130 Project Title Project Sponsor Objective Risk Plan Risk Probability Impact Wieghted Responsible Mitigation 131 132 “Includes the processes necessary to purchase or acquire products, services, or results needed from outside the project team.”PMBOK p.313 Includes Plan Procurements – The process of documenting project purchasing decisions. Conduct Procurements – The process of obtaining seller responses. Administrator Procurements – The process of managing procurement relationships Close Procurements – The process of completing each project procurement. 133 Seller manage work as project if; Identify Stakeholders Contract to satisfy the scope requirements Class Exercise Class is the buyer Seller is external 134 PROCUREMENT Initiating Planning Executing PLAN PURCHASING & ACQUISITIONS Monitoring and Controlling Closing CONTRACT CONTRACT ADMINISTRATION CLOSURE PLAN CONTRACTING REQUEST SELLER RESPONSES SELECT SELLER 135 Plan Procurement “The process of Documenting project purchasing decisions, specifying the approach and identifying potential sellers.” PMBOK Seller Selection Process Risk assessment/Plan Development Contract Type review 136 Conduct Procurement Receives bids/proposals and applies evaluation criteria to select one or more sellers. Seller Rating systems Screening systems Weighting Systems Subject matter experts Judgment 137 Fixed Price (FP or FFP - "firm fixed price") also called "Lump Sum" The simplest type of contract. The owner specifies the work and the contractor gives a price. In this case the contractor assumes almost all of the risk and as a result reaps whatever profit there is. Fixed price contracts are often used in governmental contracting as they give an easy way to compare competitive bids and to budget for the work as all the uncertainty in actual price becomes the responsibility of the contractor. Zo-d.com Not the cheapest form Change orders for unforeseen changes Extension of the delegation process 138 Cost Plus Fixed Fee (CPFF or sometimes just Cost Plus) This type of contract shifts most of the risk to the owner, but also allows the owner a high degree of flexibility. The contractor under this form of contract has profit at risk and will seek to minimize cost/duration to return a higher proportional profit margin. The "fixed fee" is typically a percentage of estimated costs and the contractor is reimbursed for other allowable costs. The difference between CPFF and CPPC is that for fixed fee, the total amount of the fee is decided in advance based on estimates. ZO-D.COM 139 Cost Plus Incentive Fee (CPIF) This type of contract uses an incentive fee for motivating better performance than you would get with percentage or fixed fee. In addition to a fee, an incentive is paid for beating a schedule or cost target. Like having the fee at risk, is intended to motivate the contractor to minimize costs and duration. Determining the appropriate incentive is one difficulty, another is that once the target has been missed, the incentive is no longer a motivating factor. Time and Materials (T&M) Simple billing at pre-negotiated rates for labor and materials on a project. Some Fixed Price contracts specify this as a method for determining costs of change orders. Labor rates include a certain percentage markup for overhead. In this arrangement all risk goes to the owner. Cost Plus Percentage of Costs (CPPC) This is very similar to the cost plus fixed fee contract except that the contractor bears even less risk. Their fee is calculated based on a percentage of actual costs. 140 Allows for both parties to ensure that they meet their contractual agreements Includes application of appropriate project management processes to the contractual relationship Direct and manage project execution Risk and quality control Performance reporting and review Claims administration 141 Ensure Proper closeout is performed Updating administrative records Organizational process assets updates Contract file Deliverable acceptance - sign-off key Lessons learned documentation 142 Project Title Project Sponsor Objective Procurement Plan Make Inhouse Purchases 143 144 “Project Integration Management – Includes the processes and activities to identify, define, combine, unify, and coordinate the various processes and project management activities within the project Management Process groups.” PMBOK P.71 Develop Project charter Develop project Management Plan Direct and manage Project Execution Monitor and Control Project work Perform Integrated Change Control Close Project or Phase 145 Initiating Develop Project Charter Develop Preliminary Project Scope Statement Planning Develop Project Management Plan Executing Direct and Manage Project Execution Monitoring & Controlling Monitor and Control Project Work Integrated Change Control Closing Close Project 146 RESOURCES Input Information ? ? INTEGRATED PROCESS OUTPUTS Output Profits ? ? 147 “The process of developing document that formally authorizes a project or a phase and documenting initial requirements that satisfy the stakeholders needs and expectations.” PMBOK P.73 Project manager has authority to apply organizational resources Project manager should be selected before project planning Charter Documents Business needs Project justification Understand customer requirements 148 The process of documenting the actions necessary to define, prepare, integrate, and coordinate all subsidiary plans.”PMBOK. P-71 Characteristics and Boundaries of Project Scope Associated Products and services Methods of acceptance Criteria Initial defined risk Schedule milestones 149 “The process of tracking, reviewing, and regulating the progress to meet the performance objectives defined in the project management plan.” PMBOK p.71 Performed to monitor project processes associated with; initiating, planning, executing, and closing. Continuous monitoring identifies and reduces effects of risk 150 “The process of reviewing all change request, approving changes and managing changes, to the deliverables, organizational process assets, project documents, and the project management plan.” PMBOK P.71 Projects rarely run as planned Ability to identify changes Approved changes needed Implementation of changes Insure scope, cost, schedule & quality are integrated into the changes 151 CHANGE CONTROL SYSTEM A collection of formal documented procedures that define the steps by which official project documents may be changed. Defined levels of change Logging Mechanism Tracking System Approval process with various types of changes 152 “The process of finalizing all activities across all of the project management process groups to formally complete the project or phase.” PMBOK P.71 Administrative Closing Details performing the project closure portion of the project management plan Analysis, new processes and archiving project information Contract Closure Product and project verification 153 Project Title Project Sponsor Objective Project Charter Preliminary Scope Statement Preliminary Product Description 154 Class Activity Complete class project Renewable Energy Project management 155 This workforce solution was funded by a grant awarded by the U.S. Department of Labor’s Employment and Training Administration. The solution was created by the grantee and does not necessarily reflect the official position of the U.S. Department of Labor. 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