... of practicing projectmanagement at a global level. Best
practices inproject management, if followed, increase the chances of success in
achieving goals when dealing with projects.
In this ... techniques to
project activities. Projectmanagement is accomplished through the application and
integration of the projectmanagement processes of initiating, planning, executing,
monitoring and ... resource is spent reinventing the wheel (Ford, 2008, pp. 31).
Best practices inprojectmanagement bring the benefit of saving time and money
in dealing with projects, goals that all project based...
... through the project management
process (creating and executing the project plan) .
✔ Obtain approvals for the project plan.
✔ Issue status reports on the progress of the project versus the
plan.
✔ ... working in a business process.
Business processes are managed using process management. Projects
are managed using project management.
WHAT IS PROJECT MANAGEMENT?
Project management is a set of tools, ... BASICS
10
Project
Start
Project
Complete
Project
Complete
TIME
RESOURCES
M
i
n
i
m
a
l
P
l
a
n
n
i
n
g
I
n
v
e
s
t
i
n
P
l
a
n
n
i
n
g
Figure 1.1 Investing in planning vs. minimal planning.
CCC-Martin 1 (1-48) 8/14/01 2:25 PM Page 10
the customer and the organization. These execution go/no-go decision
points are called...
... Groups into nine Knowledge Areas. These areas are: Project
Integration Management, Project Scope Management, Project Time Management, Project Cost
Management, Project Quality Management, Project ... Management, Project
Communications Management, Project Risk Management, and Project Procurement
Management (Project Management Institute, 2004, pp. 9–10). In this case study, the Project
Management ...
approach, preliminary engineering, and preliminary design. It covers project organizing,
planning, scheduling, estimating, and budgeting. It addresses development of plans for various
project parameters,...
... project management
training and consulting firm based in Seattle, Washington. His company trains
thousands of professionals every year in the proven principles of project man-
agement including ... discipline is becoming a necessary skill in most organizations.
The root cause of the growing use of projectmanagement is the increasing rate
of change in our economy and our places of work.
PROJECT ... of Intel, titled his 1996 book, Only the Paranoid Survive
.
vii
Preface
In the 1990s, projectmanagement moved from a little-used industrial engineer-
ing discipline to the engine of managing...
... Understanding Project
Management 6
Downloadable Forms for ProjectManagement 6
Project Management: Art Informed by Science 7
Project Management Magnifies Other Strengths 9
End Point 10
CHAPTER 2—THE PROJECT ... Problem Solving 269
Job Satisfaction 270
End Point 270
CHAPTER 11 COMMUNICATION
272
Introduction 272
Project Communication 272
Communicating within the Project Team 273
Communicating with Management ... Genuine !
vii
CONTENTS
PREFACE
xiii
PART 1
INTRODUCTION
CHAPTER 1 PROJECTMANAGEMENTIN
A CHANGING WORLD
2
Introduction 2
Project Management Is the New Critical Career Skill 3
The Increasing...
... Procurement Management
Version 2.0
44
Project Management Knowledge
Network
ã ProjectManagement Institute www.pmi.org
ã Association for ProjectManagement
www.apm.org.uk
ã International ProjectManagement ... phase
ã Business needs are re-examined
Initiating
Process
ã Amount of planning is proportional to scope of project
ã Core planning processes
̇ scope definition
̇ activity definition, ... OF MANAGEMENT
MBA CLASS: ProjectManagement - Session 8: Procurement Management
Version 2.0
9
Sequence of phases in a project life cycle
INTERMEDIATE FINALINITIAL
Inputs
PM
outputs
Phase
Project...
... Table 1.2.)
Planning
The next projectmanagement phase is called planning. (See Table 1.3.)
During planning, the project team develops a plan for how and when the
The Four Phases of a Project
21
TABLE ... Mar-
tinTate, a projectmanagement training and consulting company
with headquarters in Cincinnati, Ohio. They are also the authors
of the ProjectManagement Memory Jogger™, a best-selling pocket ... planning, setting the stage for how planning will be
done. Too many times, teams rush off and begin planning, only to find
out that they have invested days or even weeks planning the wrong
thing....
... complexity while providing a
false sense of security that management was “doing something” by exhaustively planning, measuring, and
controlling. Huge costs were sunk in premature planning, without the ... destination
results in vision
continuously guiding and
influencing behavior in
positive ways.
Autonomous, intelligent
agents form the basis of
CAS. Interactions
between these agents
result in ... be combined with techniques
often using in training sessions such as sharing personal and professional information with a colleague who then
makes the group introduction. In addition, the project...
... process,
including (a) making sure the ratings are
done on schedule; (b) periodically checking
the ratings to make sure that each trained
observer is still providing accurate ratings;
and (c) providing ... outcome information appears
to have considerable promise.
Improving Fundraising and Communicating with the Public
Outcome information can also be used in proposals and other materials seeking
funding. ... Data includes steps 10 through 12, reviewing and reporting on the
information collected.
Using the Results includes step 13, the potential uses for outcome data, focusing on
how outcome information...
... really plan it all out
on a projectplanin minute detail. We don’t really know when things are going to get done in advance, so we
can’t really pinpoint when they will be done in minute detail in ... complexity while providing a
false sense of security that management was “doing something” by exhaustively planning, measuring, and
controlling. Huge costs were sunk in premature planning, without the ... continuously influence team behavior by defining,
disseminating and sustaining a guiding vision. At the outset of the project, work closely with the customer to
understand the vision for the project, ...
... think about
how to involve them in the project. After all, taking the initiative and defining how
they will be involved is better than ignoring them, then later having them force their
way into ... The Principles of ProjectManagement (www.sitepoint.com)
44 The Principles of ProjectManagement
The Process of Initiating
The process of project initiation is quite simple. Gather information ... of who’s involved in
the project and where they fit in the overall organizational, or project, plan. First
you’d include yourself, the project manager, with the project team linked in beneath....
... F/S).
ã
Business Plan : for short term
ã
F/S is for long term including engineering
design.
ã
F/S includes Project Execution Plan
22
Suggestion of reading documents
Suggestion of reading documents
ã
For ... professional career in
project management :
www.pmi.org, PMBOK 4
th
Edition
ã
For those who pursue professional career in
project finance : accounting, project
management in general, financial risk, ... Case Study
ã
International project invested by foreign
investor in Vietnam : The water supply
project near HCM City.
ã
Project Information shall be presented ( not
provided)
10
II. Project life...
... the project should be accepted.
The IRR is a relative measure, and does not
measure an increase in the firm’s wealth.
8
Evaluation of Project Cash Flows.
Cash flows occurring within investment ... 4
Financial Calculations
Time value calculations in capital
budgeting usually assume that
interest is annually compounded.
‘Money’ in investment projects is
known as ‘cash flows’: the symbol ... use annual interest rates.
With compound interest rates, money
moved forward in time is
‘compounded’, whilst money moved
backward in time is ‘discounted’.
2
Fundamentals in Financial
Evaluation
Money...
... “Making projectmanagement indispensable for business results”, “PMBOK”, “CAPM”, “Certified Associate
in ProjectManagement (CAPM)”, “PMP”, ProjectManagement Professional (PMP)”, ProjectManagement ... assistance
6. Attempting to remove scrap paper from the testing room, or tearing the scrap paper.
7. Eating or drinking in the testing room
8. Leaving the testing room or test center vicinity without ...
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