What is the definition of WBS? 

breaking down

WBS Structure is used to? 

(hint: 5 uses)

1- break

2- ensure

3- enable

4- identify

5- allocate

1. breakdown complex tasks into smaller manageable components 
2. ensure that every aspect of project activity has been included and covered adequately and there are no gaps
3. enable a detailed schedule of activities for each phase and for the whole project to be established 
4. identify and plan the resources needed and provide a realistic basis for estimating project costs
5. allocate responsibilities for tasks to specific individuals or groups

The ____ _____: is the shortest time in which the entire project can be completed.

This is defined by ____ _____

1- Project Duration 

2- Critical Path

1. Early Start
2. Early Finish
3. Activity Float
4. Late Start
5. Activity Duration
6. Late Finish

Float activities can be determined after going through the

_____ and ______ in a network diagram.

Float = Late Start - Early Start 

or 

Float = Late Finish - Early Finish

The key things to be planned, monitored and controlled are: 

(hint: 3 things)

The Earned Value Terminology: 

Explain each one of them 

EV 

AC

PV

EV- Earned value: the real budget cost, or "value" of the work that has actually been performed to date

AC- Actual cost: the actual cost of work performed, the cumulative total costs incurred in accomplishing the various project work packages 

PV- Planned value: A cost estimate of the budgeted resources scheduled across the project’s life cycle (cumulative baseline).

EV-AC 

earned value - actual cost

To calculate the Schedule variance (SV), we use the form:

EV - PV

earned value - planned value

1. If SV < 0 
2. If SV > 0 
3. If SV = 0

1. Project is late ( behind the schedule )
2. Project is ahead of the schedule 
3. Project is on schedule 

1. If CV < 0 
2. If CV > 0 
3. If CV = 0

1.  Over Budget
2.  Under Budget 
3.  On Budget

______ managers are specialists, analytically oriented and they know the details of each operation for which they are responsible.

______________must be generalists that can oversee many functional areas and have the ability to put the pieces of a task together to form a coherent whole

The Functional Manager

o _______ Approach

o _____ , ____ supervisor

The Project Manager

o _____ Approach

o _____ & ______

Analytical

Direct, technical

Systems 

Facilitator and generalist

1. initiating
2.  planning
3. executing
4. monitoring and controlling, and
5.  closing out projects

People functions include 8 points, what are they?

1. leadership
2.  teambuilding
3.  motivation
4.  communication
5.  time management
6.  change management
7.  diversity management
8.  adversity management

At the project closure, we must do some actions.

what are they?

1. Orderly and secure archival of project data, specifications, meeting notes, records of problem solving processes and so on.
2. Project report.
3. Project evaluation/debriefing meeting

1. Finishing the work: completing all the final work
2. Handing over the project: transfer the project to the customer
3. Gaining acceptance for the project: client acceptance
4. Harvesting the benefits
5. Reviewing how it all went: lessons learned analysis
6. Putting it all to bed: paperwork such as: Documentation, legal, cost, personnel
7. Disbanding the team

to terminate a project; we must answer some questions. 

what are they?

1. Has the project been obviated by technical advances?
2. Is the output of the project still cost-effective?
3. Is it time to integrate or add the project as a part of regular operations?
4. Are there better alternative uses for the funds, time and personnel devoted to the project?
5.  Has a change in the environment altered the need for the project’s output?

Thank you ! :) 

Kindly press space, or click on it to join our community, ISA.

* you have to copy the link then paste it any browser to join us :)