This presentation explains the major challenges project manager face in managing triple constraint scope,cost and time. It also gives suggestions towards those challenges.
Cost management is the process of planning, estimating, budgeting, and controlling costs to help ensure a project is completed within its estimated budget. It involves setting budgets for costs, monitoring actual costs, ensuring costs remain aligned with forecasts, and taking action if actual costs exceed budgets. Effective cost management techniques include cost estimating, budgeting, and cost controlling processes like variance analysis and earned value management.
Resource leveling and resource smoothing are techniques used to optimize resource use. Resource leveling focuses on moving resources between activities, which can change the critical path. Resource smoothing adjusts activity start and finish dates within their total float to avoid over-allocating resources, keeping the critical path unchanged. The key difference is that resource leveling may alter the critical path, while resource smoothing does not.
This document discusses various types of construction contracts, including lump-sum, cost-plus percentage, cost-plus fixed fee, percentage rate, item rate, turnkey, cost-plus sliding scale of fees, negotiated, target, labor, joint venture, and BOT contracts. Each type is briefly defined and its key advantages and disadvantages are outlined. The document provides a high-level overview of common construction contracting methods.
Fast tracking involves performing project activities or phases in parallel rather than sequentially to compress the schedule, but it risks missing details and team member burnout without thorough analysis. Crashing uses additional resources like overtime, hiring, or outsourcing to shorten schedule duration at the least incremental cost at a critical path. The key difference is that fast tracking overlaps tasks while crashing adds resources. Both aim to accelerate project completion when the deadline is near or the start was delayed.
This document discusses project cost management and control. It describes cost estimating, cost budgeting, and cost control as the three factors of project cost management. It defines key terms like planned value, earned value, and actual cost used in earned value management. Earned value management compares planned work to actual work completed and actual costs to measure cost and schedule performance. The document also discusses tools for cost control like estimate to complete, forecasting, cost variance, and cost performance index.
Cost management is the process of planning, estimating, budgeting, and controlling costs to help ensure a project is completed within its estimated budget. It involves setting budgets for costs, monitoring actual costs, ensuring costs remain aligned with forecasts, and taking action if actual costs exceed budgets. Effective cost management techniques include cost estimating, budgeting, and cost controlling processes like variance analysis and earned value management.
Resource leveling and resource smoothing are techniques used to optimize resource use. Resource leveling focuses on moving resources between activities, which can change the critical path. Resource smoothing adjusts activity start and finish dates within their total float to avoid over-allocating resources, keeping the critical path unchanged. The key difference is that resource leveling may alter the critical path, while resource smoothing does not.
This document discusses various types of construction contracts, including lump-sum, cost-plus percentage, cost-plus fixed fee, percentage rate, item rate, turnkey, cost-plus sliding scale of fees, negotiated, target, labor, joint venture, and BOT contracts. Each type is briefly defined and its key advantages and disadvantages are outlined. The document provides a high-level overview of common construction contracting methods.
Fast tracking involves performing project activities or phases in parallel rather than sequentially to compress the schedule, but it risks missing details and team member burnout without thorough analysis. Crashing uses additional resources like overtime, hiring, or outsourcing to shorten schedule duration at the least incremental cost at a critical path. The key difference is that fast tracking overlaps tasks while crashing adds resources. Both aim to accelerate project completion when the deadline is near or the start was delayed.
This document discusses project cost management and control. It describes cost estimating, cost budgeting, and cost control as the three factors of project cost management. It defines key terms like planned value, earned value, and actual cost used in earned value management. Earned value management compares planned work to actual work completed and actual costs to measure cost and schedule performance. The document also discusses tools for cost control like estimate to complete, forecasting, cost variance, and cost performance index.
Construction planning - Construction Technology and Project Managementsrinivas2036
The document discusses construction project planning. It defines planning as developing a method or scheme in advance. Construction planning involves optimally utilizing resources like people, equipment, materials and money. Key activities in construction planning include defining the scope of work, identifying involved activities, establishing project duration, defining resource control procedures, and updating plans. Different types of project plans may focus on schedule, cost, quality or safety. Techniques used in planning include work breakdown structure, precedence, network logic and critical path method.
This is the part of the presentation done by a PMP Workgroup which includes the project managers from NashTech, Trobz and Besco to study the Project Management and get the PMP certification. This part describes the process of Estimate Activity Durations in the Project Schedule Management knowledge area.
Construction Delay Analysis, SimplifiedMichael Pink
Learn how to perform a delay analysis in the construction industry. Capture and study your impacts to determine why a project was late. Use this proven method to ensure that you get paid for delays caused by others.
Construction Project Schedule Template- Residential BuildingSHAZEBALIKHAN1
The excel template is a ready-to-use project schedule for a residential building construction project. The article gives the basic idea of a project schedule for residential building construction. Download the excel file through the hyperlink in the article.
Project Procurement Management involves processes to purchase or acquire products, services or results from outside the project team. It includes three main processes: Plan Procurements, Conduct Procurements, and Control Procurements. Plan Procurements involves documenting procurement decisions, specifying the approach, and identifying potential sellers. Conduct Procurements obtains seller responses, selects a seller, and awards a contract. Control Procurements manages procurement relationships, monitors contract performance, and makes changes as needed.
Management: Characteristics of management, functions of management, importance and purpose of planning process, types of plans.
Construction Project Formulation: Introduction to construction management, project organization, management functions, management styles.
Here are the answers to the pop quiz:
1. B
2. B
3. D
4. 1. Planning cost management
2. Estimating cost
3. Determining the budget
4. Controlling costs
5. A
6. 1. Estimates are done too quickly
2. People lack estimating experience
7. C
8. D
9. A
10. A
Project scheduling and resource levelling_Construction Management A Makwana
At the time of preparing the network of any project, usually it is assumed that all resources needed for its execution are available in plenty and no consideration of resource constraints is taken into account.
In such situations the duration of the project may increase escalating the cost of the project.
HD version: http://1drv.ms/1i8AvZc
This is my publication on the introduction to project management. In this publication I overview important project management terms, definitions, project life cycles, and key project management software and tools
On 23 May 2012, McLachlan Lister's Anamaria Popescu made a presentation on "Extensions of Time - Avoiding the Traps or Taking Advantage of Them" in conjunction with well-known Australian law firm Holding Redlich
A quantity takeoff is a construction estimation of materials and labor needed to complete a project. It is developed during pre-construction and involves estimators reviewing drawings and specifications to measure quantities of materials. A quantity takeoff fulfills important functions for cost estimation by detailing materials needed and providing total material costs. It can be prepared manually or digitally using estimating software, with digital takeoffs providing benefits like reduced errors and faster adjustments.
The document discusses Work Breakdown Structure (WBS), which is a deliverable-oriented decomposition of a project into smaller, more manageable components. A WBS breaks down the project scope into smaller parts for estimating, scheduling, and monitoring and control. It helps define the total scope of work, assign responsibilities, and track costs, schedule, and deliverables. The key steps to develop a WBS are to identify the main project deliverables and break them down into successively smaller work packages or tasks in a hierarchical manner. This allows estimating time and costs for each component and monitoring project progress.
The document discusses project monitoring and control. It describes the various activities that must be regularly monitored during a project, including scope, schedule, budget, risk, and contract management. It also explains the key elements of project control: baseline development, change control, and progress monitoring. Baselines establish plans for scope, schedule, budget, and stakeholder satisfaction. Change control manages changes to the project baselines and progress. Regular monitoring compares progress to the plans to identify variances requiring corrective action.
This document provides an overview of a presentation on project controls. The presentation covers topics like understanding project controls, the project control process, scope controls, cost controls, time controls, quality controls, and other areas. It is designed to be viewed rather than presented verbally, so the slides contain more explanatory text than is normal. The presentation has over 50 slides and is aimed at project management professionals.
A case study of Delay Analysis of construction project: Al Kut Olympic Stadiu...Gaurav Verma
This document summarizes a case study on delay analysis for the construction of the Al Kut Olympic Stadium project in Iraq. The study identified major causes of delay including changes to the foundation design and lack of drainage infrastructure. It analyzed project schedules and resources using Microsoft Project software. The results showed additional time delays of 265 days and cost overruns. Problems included design changes, lack of coordination between project parties, and canceled activities. The summary concludes effective planning and maintaining consistent project teams can help minimize delays on similar projects.
This literature review aims to identify the nature, causes, and impacts of extensions of time (EOT) on the performance of construction projects in Nepal. It analyzes facts and figures related to EOT in the context of Nepalese construction industries. The main findings are that eligibility for an EOT claim is usually due to client, contractor, consultant, contractual documents, materials, labor, equipment, latent conditions, force majeure or external factors. Adherence to contracts is important to ensure smooth project management and success of any contractual claims without disputes. These findings can help identify areas for further improvement in managing EOT.
Training Slides of Extension of Time (EOT) & Related Costs in Construction, in fullfillment of Delay Claim Expert.
Some Key-Points:
- Contentious Issues in Delay Analysis
- The SLC Protocol
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
Lecture 2 project procurement and contract management .pdfaxmedbaasaay
The document discusses the key processes in project procurement management according to PMBOK 6. It describes the processes of plan procurement management, conduct procurements, and control procurements. It provides examples of how to plan procurement management for an office renovation project through make-or-buy analysis and developing the procurement management plan, statement of work, and request for proposal/quotation. It also notes that a procurement manager oversees contract administration and approves any changes to the procurement statement of work.
This is a short paper presentation on project construction supervisor and supervision delivered to a body professionals in the construction industry in a seminar at Lagos state, Nigeria in May, 2015.
The document discusses project life cycles and organizational structures that support project management. It describes the typical stages in a project life cycle as conceptualization, planning, execution, and termination. It also outlines different organizational structures like functional, projectized, and matrix structures and compares their strengths and weaknesses for managing projects. Functional structures group people by specialty and are best for developing expertise but can create silos. Projectized structures give project managers full authority but can be expensive and make career growth difficult. Matrix structures balance functional and project needs but can also cause role confusion.
Regulatory Affairs Outsourcing Considerations and ModelsPaul Kuiken
I present a number of issues which are being considered by all organisations in the healthcare, pharmaceutical, biotechnology, and clinical sectors. I presented this to an audience at an outsourcing summit and have tailored this to a more general audience.
I am happy to receive your comments and provide your insights to whether you agree or not with my points or to hear from you regarding your experiences of outsourcing in whatever sector you are interested in.
Construction planning - Construction Technology and Project Managementsrinivas2036
The document discusses construction project planning. It defines planning as developing a method or scheme in advance. Construction planning involves optimally utilizing resources like people, equipment, materials and money. Key activities in construction planning include defining the scope of work, identifying involved activities, establishing project duration, defining resource control procedures, and updating plans. Different types of project plans may focus on schedule, cost, quality or safety. Techniques used in planning include work breakdown structure, precedence, network logic and critical path method.
This is the part of the presentation done by a PMP Workgroup which includes the project managers from NashTech, Trobz and Besco to study the Project Management and get the PMP certification. This part describes the process of Estimate Activity Durations in the Project Schedule Management knowledge area.
Construction Delay Analysis, SimplifiedMichael Pink
Learn how to perform a delay analysis in the construction industry. Capture and study your impacts to determine why a project was late. Use this proven method to ensure that you get paid for delays caused by others.
Construction Project Schedule Template- Residential BuildingSHAZEBALIKHAN1
The excel template is a ready-to-use project schedule for a residential building construction project. The article gives the basic idea of a project schedule for residential building construction. Download the excel file through the hyperlink in the article.
Project Procurement Management involves processes to purchase or acquire products, services or results from outside the project team. It includes three main processes: Plan Procurements, Conduct Procurements, and Control Procurements. Plan Procurements involves documenting procurement decisions, specifying the approach, and identifying potential sellers. Conduct Procurements obtains seller responses, selects a seller, and awards a contract. Control Procurements manages procurement relationships, monitors contract performance, and makes changes as needed.
Management: Characteristics of management, functions of management, importance and purpose of planning process, types of plans.
Construction Project Formulation: Introduction to construction management, project organization, management functions, management styles.
Here are the answers to the pop quiz:
1. B
2. B
3. D
4. 1. Planning cost management
2. Estimating cost
3. Determining the budget
4. Controlling costs
5. A
6. 1. Estimates are done too quickly
2. People lack estimating experience
7. C
8. D
9. A
10. A
Project scheduling and resource levelling_Construction Management A Makwana
At the time of preparing the network of any project, usually it is assumed that all resources needed for its execution are available in plenty and no consideration of resource constraints is taken into account.
In such situations the duration of the project may increase escalating the cost of the project.
HD version: http://1drv.ms/1i8AvZc
This is my publication on the introduction to project management. In this publication I overview important project management terms, definitions, project life cycles, and key project management software and tools
On 23 May 2012, McLachlan Lister's Anamaria Popescu made a presentation on "Extensions of Time - Avoiding the Traps or Taking Advantage of Them" in conjunction with well-known Australian law firm Holding Redlich
A quantity takeoff is a construction estimation of materials and labor needed to complete a project. It is developed during pre-construction and involves estimators reviewing drawings and specifications to measure quantities of materials. A quantity takeoff fulfills important functions for cost estimation by detailing materials needed and providing total material costs. It can be prepared manually or digitally using estimating software, with digital takeoffs providing benefits like reduced errors and faster adjustments.
The document discusses Work Breakdown Structure (WBS), which is a deliverable-oriented decomposition of a project into smaller, more manageable components. A WBS breaks down the project scope into smaller parts for estimating, scheduling, and monitoring and control. It helps define the total scope of work, assign responsibilities, and track costs, schedule, and deliverables. The key steps to develop a WBS are to identify the main project deliverables and break them down into successively smaller work packages or tasks in a hierarchical manner. This allows estimating time and costs for each component and monitoring project progress.
The document discusses project monitoring and control. It describes the various activities that must be regularly monitored during a project, including scope, schedule, budget, risk, and contract management. It also explains the key elements of project control: baseline development, change control, and progress monitoring. Baselines establish plans for scope, schedule, budget, and stakeholder satisfaction. Change control manages changes to the project baselines and progress. Regular monitoring compares progress to the plans to identify variances requiring corrective action.
This document provides an overview of a presentation on project controls. The presentation covers topics like understanding project controls, the project control process, scope controls, cost controls, time controls, quality controls, and other areas. It is designed to be viewed rather than presented verbally, so the slides contain more explanatory text than is normal. The presentation has over 50 slides and is aimed at project management professionals.
A case study of Delay Analysis of construction project: Al Kut Olympic Stadiu...Gaurav Verma
This document summarizes a case study on delay analysis for the construction of the Al Kut Olympic Stadium project in Iraq. The study identified major causes of delay including changes to the foundation design and lack of drainage infrastructure. It analyzed project schedules and resources using Microsoft Project software. The results showed additional time delays of 265 days and cost overruns. Problems included design changes, lack of coordination between project parties, and canceled activities. The summary concludes effective planning and maintaining consistent project teams can help minimize delays on similar projects.
This literature review aims to identify the nature, causes, and impacts of extensions of time (EOT) on the performance of construction projects in Nepal. It analyzes facts and figures related to EOT in the context of Nepalese construction industries. The main findings are that eligibility for an EOT claim is usually due to client, contractor, consultant, contractual documents, materials, labor, equipment, latent conditions, force majeure or external factors. Adherence to contracts is important to ensure smooth project management and success of any contractual claims without disputes. These findings can help identify areas for further improvement in managing EOT.
Training Slides of Extension of Time (EOT) & Related Costs in Construction, in fullfillment of Delay Claim Expert.
Some Key-Points:
- Contentious Issues in Delay Analysis
- The SLC Protocol
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
Lecture 2 project procurement and contract management .pdfaxmedbaasaay
The document discusses the key processes in project procurement management according to PMBOK 6. It describes the processes of plan procurement management, conduct procurements, and control procurements. It provides examples of how to plan procurement management for an office renovation project through make-or-buy analysis and developing the procurement management plan, statement of work, and request for proposal/quotation. It also notes that a procurement manager oversees contract administration and approves any changes to the procurement statement of work.
This is a short paper presentation on project construction supervisor and supervision delivered to a body professionals in the construction industry in a seminar at Lagos state, Nigeria in May, 2015.
The document discusses project life cycles and organizational structures that support project management. It describes the typical stages in a project life cycle as conceptualization, planning, execution, and termination. It also outlines different organizational structures like functional, projectized, and matrix structures and compares their strengths and weaknesses for managing projects. Functional structures group people by specialty and are best for developing expertise but can create silos. Projectized structures give project managers full authority but can be expensive and make career growth difficult. Matrix structures balance functional and project needs but can also cause role confusion.
Regulatory Affairs Outsourcing Considerations and ModelsPaul Kuiken
I present a number of issues which are being considered by all organisations in the healthcare, pharmaceutical, biotechnology, and clinical sectors. I presented this to an audience at an outsourcing summit and have tailored this to a more general audience.
I am happy to receive your comments and provide your insights to whether you agree or not with my points or to hear from you regarding your experiences of outsourcing in whatever sector you are interested in.
This document provides guidance on key questions to consider when planning a project to ensure it is thoroughly planned before work begins. It outlines questions about the project purpose, stakeholders to involve, expected results, constraints, assumptions, work activities, and scheduling. Specifically, it recommends defining the situation that led to the project, who will benefit, and consequences of not doing it. It also suggests identifying drivers, supporters and observers; measurable and targeted outcomes; limitations and needs; assumptions and risks; all required activities, their inputs, results and dependencies; and a detailed schedule with milestones and resource availability. Answering these questions comprehensively aids in developing project plans, commitment, and performance.
The document outlines an agenda for a project and program management training session. The agenda covers topics from initiation to verification and validation. It includes times for presentations, breaks, lunch and Q&A sessions. Project management concepts like the project life cycle, planning, scheduling and monitoring are to be discussed.
The document provides an overview of key project management concepts and terms including the project management body of knowledge (PMBOK), the triple constraint of time, cost and scope, requirements definition, project charters, work breakdown structures, scheduling, earned value management, risk management, and configuration management. It emphasizes the importance of project planning, scope management, and using tools like the work breakdown structure, scheduling, and earned value management to track project performance and predict outcomes.
MS Project 2010 schedule template for large NASA procurements $10-450 millionSelf employed
MS Project Schedule Template for large NASA Procurements $10-50M
Objectives
To identify repeatable process steps in small and large procurements that can be called out in MS Project
schedule templates.
* To support load balancing for procurement actions throughout the year. It will help prevent a log jam of actions in the fourth quarter.
* Simplified WBS for $25-125K procurements
* “Plug-in” Schedule template for $25-125K
* “Plug-in” Schedule template for $10-50M
* Roles & Responsibility Matrix for $10-50M
Each project task in the template is set to start as early as possible. All durations are “business days.”
Using the templates will help project managers avoid surprises in procurement schedules.
Each template shows all procurement process steps and nominal duration of tasks from start of requirements definition to finish with award to a vendor.
Templates have no “date constrained” tasks and can be directly inserted in new or existing schedules.
They will cascade forward from the start date of the procurement action.
The document provides an overview of key project management terms and principles including the project management body of knowledge (PMBOK), the triple constraint of time, cost and scope, requirements definition, project planning, work breakdown structure, scheduling, earned value management, risk management, and some project management proverbs. It emphasizes the importance of scope management, configuration control, risk mitigation, and using tools like the work breakdown structure, scheduling, and earned value management to manage a project successfully.
If your projects involve other companies doing most of the work, then this presentation can open the door to faster, better and less expensive projects. You don't have to spend more to get your project sooner. Critical Chain Project Management (CCPM) has worked wonders in many industries..but has not had much impact in sectors such as construction. We think we know why. Take a look ad let us know what you think www.profitableprojects.org
Pick the Best Engagement Model for Software Startup developmentMassMedia Group
Software Development for Startups - engagement models - software pricing - project development - advantages and disadvantages of engagement models - fixed price - Time and Materials - FFF — Fixed time, Fix budget, Flex-scope - Dedicated Team - Milestone based model
This document provides an overview of key aspects involved in developing a business case for a project. It discusses what a business case is, its purpose, and key elements that should be included. The document outlines the typical phases and structure of a project, including project strategy and business case development, preparation, design, development and testing, training, support and benefits realization, close, and highlights for each phase. It also covers developing the business case document, including sections on the executive summary, problem statement, analysis, solution options, project description, cost-benefit analysis, recommendations, and things to check before presenting the business case. The overall summary is on developing a strong, evidence-based rationale for undertaking a new project or initiative.
Mitigation Of Risks In Using Parallel SchedulesChris Carson
Some Contractors like to operate with dual schedules, a production schedule for managing the subcontractors, and a contract schedule to present to the owner. There are a number of risks in this approach, and this presentation addresses those risks.
The document discusses guidelines for using dual parallel project schedules, which is not generally recommended. It identifies risks such as contractual issues, difficulty proving delays, and schedule management complications. The key recommendations are to:
1) Only have one schedule for management and delay analysis.
2) If dual schedules are necessary, develop them using the same activity list and hard logic, with the production schedule using optimistic durations and the contract schedule using most likely durations.
3) Manage risks through transparent schedule documentation and risk management processes applied to the contract schedule.
This document discusses various topics related to monitoring and controlling contracts and projects. It describes the monitoring and control cycle including assessing progress, collecting details, and reporting status using methods like RAG reports, Gantt charts, and earned value analysis. It also discusses change control procedures, types of contracts for acquiring software from external suppliers, and the tendering and evaluation process for selecting suppliers.
This document discusses key concepts in project management including:
1) It defines a project as a temporary endeavor undertaken to create a unique product or service. Projects have finite durations and are unique, whereas operations are ongoing and repetitive.
2) Project management involves applying knowledge, skills, tools, and techniques to meet project objectives by balancing scope, time, cost, quality and risk through processes like planning, executing, and closing.
3) Important project management steps include developing a project charter, work breakdown structure, logical sequencing of tasks, estimating activity durations, and creating a schedule using critical path methodology.
13 project control & closing managementDhamo daran
This document discusses project control and closing processes. It describes monitoring project work, which involves tracking performance against the project plan and identifying variances. It also discusses administering procurements, including monitoring vendor work and conducting procurement reviews. The document outlines reporting project performance through tools like variance analysis and communication methods. Finally, it describes closing the project through activities like getting customer acceptance, releasing resources, and creating a final report with an executive summary and lessons learned.
This document provides a project charter for a project aimed at reducing consumer centric quality faults at British American Tobacco. The project will design and implement an improved operating procedure methodology to address the top quality issues identified from customer surveys and complaints. The project objectives are to develop and test the new methodology within 9 days, implement it across all shifts within 12 days, and reduce damages by 10% in the first year. The project is expected to save on costs from reduced damages and complaints while improving customer satisfaction.
Pmp project management professional free sampleNada Sallam
This document provides an overview of project management concepts and techniques. It defines project management, discusses the triple constraint of scope, time and cost, and introduces project life cycles and organizational structures. Methods for estimating activity durations like three point estimates and PERT calculations are presented. The document also covers topics like developing the work breakdown structure, validating scope, and developing the project schedule using tools like critical path method.
The document outlines the steps to properly close a project: 1) Get acceptance from the customer that deliverables meet requirements. 2) Conduct an evaluation to determine if goals/objectives were achieved on time and on budget. 3) Write a final report summarizing the project and lessons learned. 4) Celebrate the completion with the project team to recognize their work.
Similar to Top 3 Challenges in Managing Triple Constraint (20)
Originally presented at XP2024 Bolzano
While agile has entered the post-mainstream age, possibly losing its mojo along the way, the rise of remote working is dealing a more severe blow than its industrialization.
In this talk we'll have a look to the cumulative effect of the constraints of a remote working environment and of the common countermeasures.
Enriching engagement with ethical review processesstrikingabalance
New ethics review processes at the University of Bath. Presented at the 8th World Conference on Research Integrity by Filipa Vance, Head of Research Governance and Compliance at the University of Bath. June 2024, Athens
Comparing Stability and Sustainability in Agile SystemsRob Healy
Copy of the presentation given at XP2024 based on a research paper.
In this paper we explain wat overwork is and the physical and mental health risks associated with it.
We then explore how overwork relates to system stability and inventory.
Finally there is a call to action for Team Leads / Scrum Masters / Managers to measure and monitor excess work for individual teams.
Colby Hobson: Residential Construction Leader Building a Solid Reputation Thr...dsnow9802
Colby Hobson stands out as a dynamic leader in the residential construction industry. With a solid reputation built on his exceptional communication and presentation skills, Colby has proven himself to be an excellent team player, fostering a collaborative and efficient work environment.
Ganpati Kumar Choudhary Indian Ethos PPT.pptx, The Dilemma of Green Energy Corporation
Green Energy Corporation, a leading renewable energy company, faces a dilemma: balancing profitability and sustainability. Pressure to scale rapidly has led to ethical concerns, as the company's commitment to sustainable practices is tested by the need to satisfy shareholders and maintain a competitive edge.
Sethurathnam Ravi: A Legacy in Finance and LeadershipAnjana Josie
Sethurathnam Ravi, also known as S Ravi, is a distinguished Chartered Accountant and former Chairman of the Bombay Stock Exchange (BSE). As the Founder and Managing Partner of Ravi Rajan & Co. LLP, he has made significant contributions to the fields of finance, banking, and corporate governance. His extensive career includes directorships in over 45 major organizations, including LIC, BHEL, and ONGC. With a passion for financial consulting and social issues, S Ravi continues to influence the industry and inspire future leaders.
Impact of Effective Performance Appraisal Systems on Employee Motivation and ...Dr. Nazrul Islam
Healthy economic development requires properly managing the banking industry of any
country. Along with state-owned banks, private banks play a critical role in the country's economy.
Managers in all types of banks now confront the same challenge: how to get the utmost output from
their employees. Therefore, Performance appraisal appears to be inevitable since it set the
standard for comparing actual performance to established objectives and recommending practical
solutions that help the organization achieve sustainable growth. Therefore, the purpose of this
research is to determine the effect of performance appraisal on employee motivation and retention.
Specific ServPoints should be tailored for restaurants in all food service segments. Your ServPoints should be the centerpiece of brand delivery training (guest service) and align with your brand position and marketing initiatives, especially in high-labor-cost conditions.
408-784-7371
Foodservice Consulting + Design
Employment PracticesRegulation and Multinational CorporationsRoopaTemkar
Employment PracticesRegulation and Multinational Corporations
Strategic decision making within MNCs constrained or determined by the implementation of laws and codes of practice and by pressure from political actors. Managers in MNCs have to make choices that are shaped by gvmt. intervention and the local economy.
Integrity in leadership builds trust by ensuring consistency between words an...Ram V Chary
Integrity in leadership builds trust by ensuring consistency between words and actions, making leaders reliable and credible. It also ensures ethical decision-making, which fosters a positive organizational culture and promotes long-term success. #RamVChary
A presentation on mastering key management concepts across projects, products, programs, and portfolios. Whether you're an aspiring manager or looking to enhance your skills, this session will provide you with the knowledge and tools to succeed in various management roles. Learn about the distinct lifecycles, methodologies, and essential skillsets needed to thrive in today's dynamic business environment.
1. TOP 3 CHALLENGES
IN MANAGING
TRIPLE CONSTRAINT
IT Project Management
Sunil Guglani, PMP
2.
3. Triple Constraint
■ The triple constraint is the combination of three most
significant attributes Scope, Cost and Time of Project
Management.
■ The further refinement has added the additional constraint
Quality in the Project Management Triangle.
■ These parameters are often used to measure the
performance of the project and also decide success or failure
of the project.
■ Change in any side of the triangle effects the other sides of
the triangle.
■ The priority in the triple constraint is decided by Project
Sponsor.
4. Major Challenges in managing
Triple Constraint
■ Scope management challenge: Scope Creep
■ Time Management challenge: Request of Schedule
Compression
■ Cost Management challenge: Request of Compressed budget
6. What is Scope Creep?
■ Does following situation look familiar to you:
– The client is giving you tough time in UAT sign off and
asking for many changes in the system.
– The client has asked for some additional feature which
is not in the agreed scope/SOW, without going through
change control procedure.
– The client is asking you to change the feature, it was
initially agreed.
■ The above situations are perfect examples of scope creep.
7.
8. ■ Any change in the scope where cost and time are not updated
appropriately is considered as Scope creep.
■ It is mostly considered as risk in the project.
■ Scope Creep is considered as the most common cause for
the project failures.
9. How to prevent Scope Creep
Scope Definition
– Properly defined and documented scope
– Sufficient involvement of all the stakeholders in the
project
– Signoff on requirement and Functional Document from
the client/stakeholders.
– Proper requirement gathering, ensure the requirement
gathering by various techniques
interview of stakeholders
Prototyping
Product Demonstrations
Group Sessions
11. Scope Control
– Verify and Validate scope in each phase of SDLC using
traceability matrix.
– Verify between Business Objectives<-Business Requirement <-
Functionalities<-Design<-Development
– Be firm while negotiating with the client on new
requirements.
– Validate between
Development<- Unit Testing
Design <- SIT
Functionalities <- System Testing
Business Requirements <-UAT
13. What is Schedule Compression
■ Does following situation look familiar to you:
– Your project is behind the schedule and you need to
keep it back on track
– Your is project is on schedule but you got the request
from Project sponsor or Client to complete the project
faster to meet certain the business objectives.
14. How to achieve
Schedule Compression
– Review the Project plan again and see if dependency on
the activities can be revised and activities can be done
in parallel
– Project is progressively elaborated, therefore Review the
Project plan again on estimation and see if duration of
the activities can be shorten.
– Check the feasibility of putting more resources will
shorten the duration of the project.
16. What is Cost Compression
■ Does following situation look familiar to you:
– Your project expenditure has gone more than the
planned budget and you need to keep it back on track.
– Your project expenditure is as per planned budget but
you got the request from Project sponsor or Client to
complete the project in lesser cost to have more project
profitability.
17. How to achieve
Cost Compression
– Evaluate Make or Buy decisions for your various project
modules to reduce the cost. For example, if outsourcing
of some part of the project to third party vendor is
cheaper then go for it.
– Revisit the Project Plan for Resource, Duration and Cost
estimate of activities.
– Revisit the activity dependencies, if some activities can
be done in parallel and project duration can be shorten,
you can release the resources from team and reduce
the project cost.