The document outlines an agenda and assignments for a project management diploma class, including developing a cost management plan, analyzing variances, attending a project meeting, and discussing earned value analysis and project closeout activities. Students are assigned roles for an in-class project meeting and asked to complete tasks in a learning management system, focusing on cost management, variance analysis, and meeting minutes.
To understand the potential role of an agile project manager, we need to first get past some of the stereotypes and misconceptions that exist about both traditional project management and agile.
Content excerpted from The Project Manager's Guide to Mastering Agile by Charles Cobb. Learn more: http://wileyactual.com/ProjectManagement
To understand the potential role of an agile project manager, we need to first get past some of the stereotypes and misconceptions that exist about both traditional project management and agile.
Content excerpted from The Project Manager's Guide to Mastering Agile by Charles Cobb. Learn more: http://wileyactual.com/ProjectManagement
Start a Business with Business Model CanvasPanji Prabowo
Materi ini disampaikan di Techno Entrepreneur Club pada 29 September 2012.
tentang bagaimana start-up atau pebisnis mula memanfaatkan business model canvas untuk menuangkan idenya.
Entrepreneurship is one of the critical decisions to be made and it involves number of risk and has its own advantages also. But the charm of being a master of you is always above any other form of work. To start you own venture you have to decide on many things. Starting a business involves planning, making key financial decisions and completing a series of legal activities. To run a successful business, you need to learn all about your existing and potential customers, your competitors and the economic conditions of your market place.
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A to Z personality theories - A complete guide to human behaviorManu Melwin Joy
Explains in detail all major personality theories with examples and illustrations.
Trait and type approaches - Trait Theories, Type Theories
Dynamic approaches -Psychoanalytical theories
Learning and behavioral approaches - Behaviorist theories, Social learning theories, Cognitive theories.
Humanistic approaches
Project, Program, Portfolio Management (P3M) Framework – A set of policies, processes, tools, and governance models designed to support organizations in achieving strategic and tactical benefits from their investments in projects, programs, and portfolios. P3M
Helps achieve...
•Transparency – Line of sight into decisions, performance, and benefits
•Accountability – Ownership and decision-making thresholds defined and governed
•Compliance – Comply with organizational and public sector policies, regulations, and guidelines
•Cost Savings – Eliminate wasteful spending, out-of-control execution, re-invention, and disconnected operations
•Funds Optimization – Obtain optimal benefits for amount budgeted and expended
•Benefits Realization – Achieve the intended benefits as described in the business case
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project control using earned value analysis - Part 01 waleed hamdy
Project control using earned value analysis - Part 01
Mission of the projects control division
Why the earned value management?
Establishment of the Performance Measurement Baseline
EVM Analysis & Forecasting
Earned schedule role in performance reporting and other important delay indicators.
Video: https://www.youtube.com/watch?v=FbA6RWB1gDM&feature=youtu.be
The full course: https://www.luqmanacademy.com/course?course=project-control-using-evm_399sl6015424f8aba9
Video: https://twitter.com/magedkom/status/1354678096683618305?s=20
This webinar was presented by Stephen Jones, Chair of the APM Planning, Monitoring and Control SIG and Simon Taylor, Vice-Chair of the same SIG on Thursday 11th December 2014.
Earned value management is a project control process based on a structured approach to planning, cost collection and performance measurement.
Earned value helps us manage a project by:
providing data to enable objective measurement of project status;
providing a basis for estimating final cost;
predicting when the project will be complete;
supporting the effective management of resources;
providing a means of managing and controlling change.
Earned value provides information which enables effective decision making by knowing:
what has been achieved of the plan;
what it has cost to achieve the planned work;
if the work achieved is costing more or less than was planned;
if the project is ahead of or behind the planned schedule.
Good planning leads to good project execution and good management information.
2. Presentation
Discussion revision through discussion around Assessment Items
◦ Assessment items for Cost Unit including structure for CMP
◦ Confirmed & agreed date for Project management meeting
Morning Tea
◦ Earned Value Analysis
◦ Variations & Closeouts
Work on either cost management plan or
LMS questions
Lunch
Discuss answers for Activities 1 & 3 – leave Written/Oral to
next week
Continue working on LMS
◦ Tomorrow
◦ Project Meeting
3. No. 1.
Prepare a Cost management plan for Fred’s Shed – Mr Jones job and
include a detailed project budget.
No 2.
Analyse scenario to be provided & insert into baselined budget. Note
variances
No 3.
Provide progress report - this will include the Variance analysis from
Scope & Time Units.
No 4.
Attend a Project Meeting where progress will be presented based on
progress reports prepared in Scope, Time & cost units.
Each student is required to attend the meeting, play the role requested
and prepare a set of minutes.
4. Prepare a Cost management plan for Fred’s
Shed – Mr Jones job and include a detailed
project budget.
What is the purpose of a cost management
plan?
Major components?
Use scaled down template provided
5. TABLE OF CONTENTS
◦ Introduction
◦ Cost Management Approach
◦ Measuring Project Costs
◦ Reporting Format
◦ Cost Variance Response Process
◦ Cost Change Control Process
◦ Project Budget
6. A brief scenario will be provided which
impacts on time & cost.
Update your budget in Assessment Item 1.
Describe the impacts on the budget.
Use the template but just the appropriate
sections
7. Provide progress report - this will include
the Variance analysis from Scope & Time
Units.
Use the template provided
8. Each student is required to attend the
meeting, play the role requested and prepare
a set of minutes.
Date 25 January
Agenda will be prepared & sent out by Jamie
Everyone required to prepare minutes of
meeting
9. Project Manager - Jamie
Assistant PM - Kevin
Cost controller – Jerzy
Scheduler - Chas
Client – Mr Jones - Dennis
CEO – Fred - Sylvester
Note taker - Winni
10. Remember
◦ LMS – don’t bother with Activity 2.
◦ Written/Oral for next week.
Cost management plan –
◦ use structure provided or do up your own
◦ Must include budget for Fred’s shed
◦ Consider EVA after next week’s lectures & video
11.
12. 1. Determine project costs
2. Monitor and control project costs
3. Conduct financial completion activities
13.
14. 1. EVM an overview
2. Basic Elements
3. Cost Variances
4. Schedule Variances
15. Different ways of presenting information
◦ Numbers eg
◦ Graphs
◦ Analysis & indices
16. S-curve –
◦ expenditure &
income
◦ throughout
lifecycle
Earned Value
Theory
17.
18. tracking tools upon which to base forecasts
Integrates scope, schedule & cost
Answers many questions stakeholders need
Performance can be shown as
◦ Past
◦ Current
◦ Predictive
Promises to reduce over-runs
19. financial analysis specialty from United States
Government programs in the 1960s,
Now significant branch of project
management.
In the late 1980s and early 1990s, EVM
emerged as a project management
methodology
EVM has become an essential part of every
project tracking.
21. Planned Value
◦ (PV) = PV or Budgeted cost of work scheduled BCWS
= Hourly Rate * Total Hours Planned or Scheduled
Actual Cost
◦ (AC) = hourly rate x total hours spent
Earned Value
◦ (EV)= Baselined costs x % complete
% Completed Planned
◦ % Completed planning =PV/BAC
22. Cost Variance (CV) indicates how much over
or under budget the project is.
Why is under cost a problem?
(CV) = Earned Value (EV) – Actual Cost (AC)
Also
CV = BCWP – ACWP
◦ Positive Cost Variance Indicates the project is under
budget
◦ Negative Cost Variance Indicates the project is over
budget
23. Cost Variance % - how much over or under
budget the project is in terms of percentage
CV% = CV/EV
◦ Or
CV% = CV/Budgeted Cost of Work
24. CPI = EV/AC
Shows how efficient we are
Above 1 good efficiency
Below 1 project not using resources
efficiently
25. TCPI = Total Budget – EV/Total Budget – AC
Another measure of efficiency –
◦ The correct people do the correct things within a
clear process
◦ Above 1 utilization must be stringent
◦ Below 1 lenient.
26. Schedule Variance (SV) = Earned Value (EV) -
Planned Value (PV)
How much is yet to be completed as per
schedule
+ve Schedule variances = we are ahead of
time
-ve Schedule variance = we are behind
schedule
Then same % as for Costs
27. Budget at Completion = total budget
BAC = Baselined effort hours x hourly rate
Estimate to complete – just what it says.
Estimate hours required x hourly rate
32. Conduct appropriate close out activities
◦ Has everyone been paid?
◦ What about the variations?
◦ Where do we stand?
◦ Detailed records must be kept
◦ Any lessons learnt?