SlideShare a Scribd company logo
1 of 21
Download to read offline
PMP
Comparisons
The most important, By: Dr. Ahmed
Alsenosy
Contract VS Charter
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Contract Charter
A legally binding agreement between the Buyer and the
Seller.
It is usually prepared internally within the Performing
Organization.
It is a mutually agreed document between the Buyer and
the Seller.
It is issued by the Project Sponsor to the Project Manager.
Sponsor gives the commitment to provide funds and
resources while PM gives the commitment to complete the
project.
It is a legally binding agreement. Usually it is not a legally binding document.
It can be signed either for a project or for operational work. It is prepared for a project only.
Projects that are done internally without any third party
direction, support, or governance do not need a contract.
As a good practice, a charter should always be prepared.
Team charter VS Charter
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Team charter Charter
The team charter is a document that establishes the team
values, agreements, and operating guidelines for the team.
It is usually prepared internally within the Performing
Organization.
The team charter works best when the team develops it.
All project team members share responsibility for ensuring
the rules documented in the team charter are followed.
It is issued by the Project Sponsor to the Project Manager.
Sponsor gives the commitment to provide funds and
resources while PM gives the commitment to complete the
project.
The team charter can be reviewed and updated periodically
to ensure a continued understanding of the team ground
rules and to orient and integrate new team members.
Usually it is not a legally binding document.
It is prepared for a project or many projects It is prepared for a project only.
As a good practice, a team charter should always be
prepared.
As a good practice, a charter should always be prepared.
Assumptions log VS Constraints log
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Assumptions log Constraints log
An assumption is a belief of what you assume to be true in the future.
You make assumptions based on your knowledge, experience or the
information available on hand.
Constraints are limitations imposed on the project, such as the limitation of cost,
schedule, or resources, and you have to work within the boundaries restricted by
these constraints.
Assumptions are supposed to be true but do not necessarily end up being
true. Sometimes they may turn out to be false, which can affect your
project significantly.
Business Constraints
Business constraints depend on the state of your organization; for example, time,
budget, resource, etc.
Technical Constraints
Technical constraints limit your design choice. For example, let’s say you’re
constructing a pipeline, and according to the design your pipeline should be able
to withstand a certain amount of pressure.
Examples
You will get all resources required by you.
During the rainy season, cheap labor will be available.
All-important stakeholders will come to the next meeting.
The following are a few examples of constraints:
You must complete 25% of the work within the first 30 days.
You have to work with the given resources.
You will be given only two site engineers.
Activity Attributes VS WBS dictionary
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Activity Attributes WBS dictionary
Activity attributes extend the description of the
activity by identifying the multiple components
associated with each activity.
The WBS dictionary is a document that provides detailed
deliverable, activity, and scheduling information about each
component in the WBS.
include the activity identifier (ID), WBS ID, and activity
label or name, and when completed, may include
activity codes, activity description, predecessor
activities, successor activities, logical relationships,
leads and lags , resource requirements, imposed dates,
constraints etc.
Code of account identifier, Description of work,
Assumptions and constraints, Responsible organization,
Schedule milestones, Associated schedule activities,
Resources required, Cost estimates,
Quality requirements, Acceptance criteria,
Technical references, and Agreement information.
Risk register VS Risk report
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Risk register Risk report
The risk register captures details of identified individual
project risks. The results of Perform Qualitative Risk
Analysis, Plan Risk Responses, Implement Risk
Responses, and Monitor Risks are recorded in the risk
register as those processes are conducted throughout
the project.
The risk report presents information on sources of overall
project risk, together with summary information on identified
individual project risks. The results of Perform Qualitative Risk
Analysis, Perform Quantitative Risk Analysis, Plan Risk
Responses, Implement Risk Responses, and Monitor Risks are
also included in the risk report
Contains:
List of identified risks.
Potential risk owners.
List of potential risk responses.
a short risk title, risk category, current risk status, one or
more causes, one or more effects on objectives, risk
triggers
Sources of overall project risk, indicating which are the most
important drivers of overall project risk exposure;
and
Summary information on identified individual project risks,
such as number of identified threats and opportunities,
distribution of risks across risk categories, metrics and trends,
etc.
Quality reports VS Quality control measurements
Quality reports Quality control measurements
The quality reports can be graphical, numerical, or
qualitative. The information provided can be used by
other processes and departments to take corrective
actions in order to achieve the project quality
expectations.
Quality control measurements are the documented results of
Control Quality activities. They should be captured in the
format that was specified in the quality management plan.
may include:
all quality management issues escalated by the team;
recommendations for process, project, and product
improvements; corrective actions recommendations
(including rework, defect/bugs repair, 100% inspection,
and more); and the summary of findings from the
Control Quality process.
Measurements include:
Inspection results
Test results
Any deviations or variations
Any other quality control measurements
Quality tests VS Quality inspections
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
QUALITY TESTS QUALITY INSPECTIONS
Testing is an organized and constructed investigation conducted to
provide objective information about the quality of the product or
service under test in accordance with the project requirements.
An inspection is the examination of a work product to determine if it
conforms to documented standards. The results
of inspections generally include measurements and may be conducted at
any level.
The intent of testing is to find errors, defects, bugs, or other
nonconformance problems in the product or service.
- HVAC systems
- Elevators
- Data base integration
- BMS
The results of a single activity can be inspected, or the final product of the
project can be inspected. Inspections may be called reviews, peer reviews,
audits, or walkthroughs. In some application areas, these terms have
narrow and specific meanings. Inspections also are used to verify defect
repairs.
- Concrete inspection
- Plastering inspection
- Painting inspection
Quality tests VS Quality inspections
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
QUALITY TESTS QUALITY INSPECTIONS
Testing is an organized and constructed investigation conducted to
provide objective information about the quality of the product or
service under test in accordance with the project requirements.
An inspection is the examination of a work product to determine if it
conforms to documented standards. The results
of inspections generally include measurements and may be conducted at
any level.
The intent of testing is to find errors, defects, bugs, or other
nonconformance problems in the product or service.
- HVAC systems
- Elevators
- Data base integration
- BMS
The results of a single activity can be inspected, or the final product of the
project can be inspected. Inspections may be called reviews, peer reviews,
audits, or walkthroughs. In some application areas, these terms have
narrow and specific meanings. Inspections also are used to verify defect
repairs.
- Concrete inspection
- Plastering inspection
- Painting inspection
Quality tests VS Quality inspections
Quality tests Quality inspections
Testing is an organized and constructed investigation
conducted to provide objective information about the
quality of the product or service under test in
accordance with the project requirements.
An inspection is the examination of a work product to
determine if it conforms to documented standards. The results
of inspections generally include measurements and may be
conducted at any level.
The intent of testing is to find errors, defects, bugs, or
other nonconformance problems in the product or
service.
- HVAC systems
- Elevators
- Data base integration
- BMS
The results of a single activity can be inspected, or the final
product of the project can be inspected. Inspections may be
called reviews, peer reviews, audits, or walkthroughs. In some
application areas, these terms have narrow and specific
meanings. Inspections also are used to verify defect repairs.
- Concrete inspection
- Plastering inspection
- Painting inspection
Analogues est. VS Parametric est.
Analogues est. Parametric est.
Analogous estimating is a technique for estimating the
duration or cost of an activity or a project using
historical data from a similar activity or project.
Analogous estimating uses parameters from a previous,
similar project, such as duration, budget, size, weight,
and complexity, as the basis for estimating the same
parameter or measure for a future project.
Parametric estimating is an estimating technique in which an
algorithm is used to calculate cost or duration based on
historical data and project parameters. Parametric estimating
uses a statistical relationship between historical data and other
variables (e.g., square footage in construction) to calculate an
estimate for activity parameters, such as cost, budget, and
duration.
Analogous duration estimating is frequently used to
estimate project duration when there is a limited
amount of detailed information about the project.
is generally less costly and less time-consuming than
other techniques, but it is also less accurate.
This technique can produce higher levels of accuracy
depending on the sophistication and underlying data built into
the model.
Example:
If you have completed 1000 m3 excavation for previous
project in 10 days and your current project have 2000
m3 then your current project excavation will take 20
days
Example:
If the assigned resource is capable of installing 25 meters of
cable per hour, the duration required to
install 1,000 meters is 40 hours (1,000 meters divided by 25
meters per hour).
Scope Validation VS Quality Control
item Scope Validation Quality Control
Definition Reviewing the deliverables with the customer to ensure that
they are completed satisfactorily and within project approved
Scope
Evaluates the project results (outputs, deliverables)
to ensure they comply with quality standard
timing At the end of each phase or the project Throughout the project life cycle from start to end
How Establish a good Scope management plan and collect clear
,complete and census requirements (functional or non functional
) and put suitable traceability matrix
Finding & eliminating sources of quality problems
through tools & equipment so that customer's
requirements are continually met.
Who implement Project manager, client or consultative body Quality control team
Example
As part of my project management
requirements, I need to produce a
weekly project performance report.
provide the performance report to my sponsor for his approval check the data and figures within my performance
report to ensure they are correct
Output (major) Formal acceptance Tally sheet, check sheet, inspection sheet
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Manage Quality vs Quality Control
item Manage Quality Quality Control
Definition QA is a set of activities for ensuring quality in the processes by which
products are developed as well as continues improvements.
QC is a set of activities for ensuring quality in
products. The activities focus on identifying defects
in the actual products produced.
Focus on QA aims to prevent defects with a focus on the process used to make the
product. It is a proactive quality process.
QC aims to identify (and correct) defects in the
finished product. Quality control, therefore, is a
reactive process.
How Establish a good quality management system and the assessment of its
adequacy. Periodic conformance audits of the operations of the system.
Finding & eliminating sources of quality problems
through tools & equipment so that customer's
requirements are continually met.
Responsibility Everyone on the team involved in developing the product is responsible for
quality assurance.
Quality control is usually the responsibility of a
specific team that tests the product for defects.
Statistical Techniques Statistical Tools & Techniques can be applied in both QA & QC. When they
are applied to processes (process inputs & operational parameters), they
are called Statistical Process Control (SPC); & it becomes the part of QA.
When statistical tools & techniques are applied to
finished products (process outputs), they are called
as Statistical Quality Control (SQC) & comes under
QC.
Process group Execution Control
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
QUALITATIVE vs QUANTITATIVE
QUALITATIVE RISK ANALYSIS QUANTITATIVE RISK ANALYSIS
A qualitative risk analysis prioritizes the identified
project risks using a pre-defined rating scale
A quantitative risk analysis is a further analysis of the
highest priority risks during a which a numerical or
quantitative rating is assigned in order to develop a
probabilistic analysis of the project.
risk-level project-level
subjective evaluation of probability and impact probabilistic estimates of time and cost
quick and easy to perform time consuming
no special software or tools required may require specialized tools
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Risk Mitigation Plan VS Risk Contingency Plan
RISK MITIGATION PLAN RISK CONTINGENCY PLAN
You identify actions which you will take in advance irrespective
of the occurrence of risk
You plan actions, but you monitor certain warning signs. You
take these actions only when you see the warning signs. Or
when you accept certain types of risk
You spend time and money in advance for the given risk
condition
You do not spend time or money in advance, but you keep
them ready, and invest them when needed
We are expected to mitigate the risks which are outside the
risk threshold. By applying a mitigation plan, we reduce the
probability of impact of the identified risk.
By identifying the contingency plan, we do not change the
probability or impact of the current risk, but we plan to control
the impact as risk event looks like occurring.
This works as the first level of defense for the high exposure
risks
This works as a fallback plan for the high exposure risks.
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Secondary Risks VS Residual Risks
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Manage communication Manage Stakeholders
Manage Communication is all about interacting
with the Stakeholder . It focuses on the Medium -
Phone, Face to Face, Web conference. It also
focuses on the Stakeholder Encoding, Sending,
Receiving ,Decoding and Acknowledge project
communication to and from the Project Manager .
Communications plan is all about how frequently ,
how and when you will communicate (Part of
Communication Management Plan).
Stakeholder engagement on the other hand
focuses on Relationship Building with the
stakeholder . Use your negotiation, leadership,
influence skills to interact and manage stakeholder
expectations, foresee and proactively control
changes to scope,
Examples:
• project reports
• Project meetings
• Any information exchange inside or outside from
or to the project.
Examples:
If essential changes are requested by
Stakeholders, go through the proper Change
Control Process, Seek endorsement and support
from your sponsor at all times,
Keep stakeholder informed of project progress at
all times and balance their conflicting needs with
regards to scope, cost, time, risks, priorities.
Contingency
Plan
VS Fallback
Plan
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Contingency Plan: a contingency plan is
developed to be taken only when risk event
occurs
• only for risks that have been accepted (i.e. no
proactive actions to be taken to minimize their
occurrence)
• for identified risks (known unknowns)
• developed during Plan Risk Responses process
Fallback Plan: a fallback plan is developed
to deal with risks if the primary planned risk
response is not effective
• to be taken after the Contingency Plan
• for identified risks (known unknowns)
• developed during Plan Risk Responses process
EEFs VS OPAs
Enterprise environmental factors are
internal and external environmental
factors that can influence a project’s
success, including:
Organizational culture
Organizational structure
Internal and external political climate
Existing human resources
Available capital resources
Regulatory environment
Financial and market conditions
1
Organizational process assets include
any of the organization’s process assets
that may be used to ensure project
success.
They generally fall into two categories:
Processes, guidelines, and procedures,
such as: organizational standard
processes, standardized guidelines,
templates
The corporate knowledge base, such
as, lessons learned, historical
information, past project files (I call
this: The Repository of Goodness)
2
Funding Limit reconciliation VS Funding Req.
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Funding Limit reconciliation Funding Requirements
When you first lay your cost estimates over time
and aggregate the funds by time period, you
should compare the results with any funding
limitations identified in the scope statement or
elsewhere.
Each working period should have required fund
to cover all required costs.
Cost budgeting technique Cost Budgeting output
May accompanied with changing network
diagram or critical path.
Sponsor may change project plan to satisfy funds.
Control chart’(control limits vs specifications limits)
Control Limits Specification Limits
Voice of the process Voice of the customer
Calculated from Data Defined by the customer
Appear on control charts Appear on histograms
Apply to subgroups Apply to items
Guide for process actions Separate good items from bad
What the process is doing What we want the process to do
Specification limits are the targets set for the process/product by customer or market performance or
internal target. In short it is the intended result on the metric that is measured.
Control limits on the other hand are the indicators of the variation in the performance of the process. It is
the actual values that the process is operating on. It is the real time value.
http://www.whatissixsigma.net
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy
Project Management Information System VS
Information Management Systems
• Project Management Information System. An information system consisting of the tools
and techniques used to gather, integrate, and disseminate the outputs of project
management processes. It is used to support all aspects of the project from initiating
through closing, and can include both manual and automated systems.
• An information management system provides a set of standard tools for the project
manager to capture, store, and distribute information to stakeholders about the project’s
costs, schedule progress, and performance. Some software packages allow the project
manager to consolidate reports from several systems and facilitate report distribution to
the project stakeholders.
All copyrights are reserved to Ahmed Alsenosy |
www.linkedin.com/in/Alsenosy

More Related Content

Similar to PMP Comparisons (PMP Comparisons - PMP Comparisons)

Project Plan Development - A FlackVentures Training Example
Project Plan Development - A FlackVentures Training ExampleProject Plan Development - A FlackVentures Training Example
Project Plan Development - A FlackVentures Training ExampleKate Pynn
 
2.08 quality management 1
2.08 quality management 12.08 quality management 1
2.08 quality management 1reddvise
 
Lecture 2 19-2
Lecture 2 19-2Lecture 2 19-2
Lecture 2 19-2Dom Mike
 
con_mangt-lec4-project_costppt.ppt
con_mangt-lec4-project_costppt.pptcon_mangt-lec4-project_costppt.ppt
con_mangt-lec4-project_costppt.pptsheryl90
 
con_mangt-lec4-project_costppt.ppt
con_mangt-lec4-project_costppt.pptcon_mangt-lec4-project_costppt.ppt
con_mangt-lec4-project_costppt.pptsheryl90
 
Green field project making of production plant
Green field project making of production plantGreen field project making of production plant
Green field project making of production plantVikram Bakshi
 
EXPLANATION-FOR-EVERY-SLIDE-IN-PROCUREMENT-AND-PROJ-INTEGRATION.pptx
EXPLANATION-FOR-EVERY-SLIDE-IN-PROCUREMENT-AND-PROJ-INTEGRATION.pptxEXPLANATION-FOR-EVERY-SLIDE-IN-PROCUREMENT-AND-PROJ-INTEGRATION.pptx
EXPLANATION-FOR-EVERY-SLIDE-IN-PROCUREMENT-AND-PROJ-INTEGRATION.pptxDanicaCombalicerCabl
 
1819_AM_apr13_supply Qualidoc (2)
1819_AM_apr13_supply Qualidoc (2)1819_AM_apr13_supply Qualidoc (2)
1819_AM_apr13_supply Qualidoc (2)Jean White
 
P&Cc Module3 Cc1
P&Cc Module3 Cc1P&Cc Module3 Cc1
P&Cc Module3 Cc1MACDANIELLES
 
Guidelines to Review Work products
Guidelines to Review Work productsGuidelines to Review Work products
Guidelines to Review Work productsAshok Kumar
 
Quality management in construction
Quality management in constructionQuality management in construction
Quality management in constructionselinasimpson0801
 
Components of the sqa system
Components of the sqa system Components of the sqa system
Components of the sqa system Hamza Malik
 
Cost management
Cost managementCost management
Cost managementshkadry
 

Similar to PMP Comparisons (PMP Comparisons - PMP Comparisons) (20)

Project Plan Development - A FlackVentures Training Example
Project Plan Development - A FlackVentures Training ExampleProject Plan Development - A FlackVentures Training Example
Project Plan Development - A FlackVentures Training Example
 
Pm fundamentals
Pm fundamentalsPm fundamentals
Pm fundamentals
 
2.08 quality management 1
2.08 quality management 12.08 quality management 1
2.08 quality management 1
 
Lecture 2 19-2
Lecture 2 19-2Lecture 2 19-2
Lecture 2 19-2
 
con_mangt-lec4-project_costppt.ppt
con_mangt-lec4-project_costppt.pptcon_mangt-lec4-project_costppt.ppt
con_mangt-lec4-project_costppt.ppt
 
con_mangt-lec4-project_costppt.ppt
con_mangt-lec4-project_costppt.pptcon_mangt-lec4-project_costppt.ppt
con_mangt-lec4-project_costppt.ppt
 
Green field project making of production plant
Green field project making of production plantGreen field project making of production plant
Green field project making of production plant
 
Green field making of production plant.ppt2
Green field making of production plant.ppt2Green field making of production plant.ppt2
Green field making of production plant.ppt2
 
How to do a Project Audit
How to do a Project AuditHow to do a Project Audit
How to do a Project Audit
 
Presentation on Quality Management
Presentation on Quality ManagementPresentation on Quality Management
Presentation on Quality Management
 
EXPLANATION-FOR-EVERY-SLIDE-IN-PROCUREMENT-AND-PROJ-INTEGRATION.pptx
EXPLANATION-FOR-EVERY-SLIDE-IN-PROCUREMENT-AND-PROJ-INTEGRATION.pptxEXPLANATION-FOR-EVERY-SLIDE-IN-PROCUREMENT-AND-PROJ-INTEGRATION.pptx
EXPLANATION-FOR-EVERY-SLIDE-IN-PROCUREMENT-AND-PROJ-INTEGRATION.pptx
 
Module 2.pdf
Module 2.pdfModule 2.pdf
Module 2.pdf
 
1819_AM_apr13_supply Qualidoc (2)
1819_AM_apr13_supply Qualidoc (2)1819_AM_apr13_supply Qualidoc (2)
1819_AM_apr13_supply Qualidoc (2)
 
P&Cc Module3 Cc1
P&Cc Module3 Cc1P&Cc Module3 Cc1
P&Cc Module3 Cc1
 
Guidelines to Review Work products
Guidelines to Review Work productsGuidelines to Review Work products
Guidelines to Review Work products
 
Quality management in construction
Quality management in constructionQuality management in construction
Quality management in construction
 
Components of the sqa system
Components of the sqa system Components of the sqa system
Components of the sqa system
 
Managing quality
Managing qualityManaging quality
Managing quality
 
Certified Project Consultant
Certified Project Consultant  Certified Project Consultant
Certified Project Consultant
 
Cost management
Cost managementCost management
Cost management
 

More from Usama Abuelatta

6233-04-4step-circular-growth-diagrams.pptx
6233-04-4step-circular-growth-diagrams.pptx6233-04-4step-circular-growth-diagrams.pptx
6233-04-4step-circular-growth-diagrams.pptxUsama Abuelatta
 
3D0055-animated-3d-connected-structure-powerpoint-template-16x9.pptx
3D0055-animated-3d-connected-structure-powerpoint-template-16x9.pptx3D0055-animated-3d-connected-structure-powerpoint-template-16x9.pptx
3D0055-animated-3d-connected-structure-powerpoint-template-16x9.pptxUsama Abuelatta
 
3D0018-animated-3d-pyramid-funnel-concept-16x9.pptx
3D0018-animated-3d-pyramid-funnel-concept-16x9.pptx3D0018-animated-3d-pyramid-funnel-concept-16x9.pptx
3D0018-animated-3d-pyramid-funnel-concept-16x9.pptxUsama Abuelatta
 
3D0021-animated-3d-3-steps-circular-diagram-for-powerpoint-16x9.pptx
3D0021-animated-3d-3-steps-circular-diagram-for-powerpoint-16x9.pptx3D0021-animated-3d-3-steps-circular-diagram-for-powerpoint-16x9.pptx
3D0021-animated-3d-3-steps-circular-diagram-for-powerpoint-16x9.pptxUsama Abuelatta
 
0002-01-branded-business-template-4x3.pptx
0002-01-branded-business-template-4x3.pptx0002-01-branded-business-template-4x3.pptx
0002-01-branded-business-template-4x3.pptxUsama Abuelatta
 
0002-01-branded-business-template.pptx
0002-01-branded-business-template.pptx0002-01-branded-business-template.pptx
0002-01-branded-business-template.pptxUsama Abuelatta
 

More from Usama Abuelatta (7)

6233-04-4step-circular-growth-diagrams.pptx
6233-04-4step-circular-growth-diagrams.pptx6233-04-4step-circular-growth-diagrams.pptx
6233-04-4step-circular-growth-diagrams.pptx
 
3D0055-animated-3d-connected-structure-powerpoint-template-16x9.pptx
3D0055-animated-3d-connected-structure-powerpoint-template-16x9.pptx3D0055-animated-3d-connected-structure-powerpoint-template-16x9.pptx
3D0055-animated-3d-connected-structure-powerpoint-template-16x9.pptx
 
3D0018-animated-3d-pyramid-funnel-concept-16x9.pptx
3D0018-animated-3d-pyramid-funnel-concept-16x9.pptx3D0018-animated-3d-pyramid-funnel-concept-16x9.pptx
3D0018-animated-3d-pyramid-funnel-concept-16x9.pptx
 
3D0021-animated-3d-3-steps-circular-diagram-for-powerpoint-16x9.pptx
3D0021-animated-3d-3-steps-circular-diagram-for-powerpoint-16x9.pptx3D0021-animated-3d-3-steps-circular-diagram-for-powerpoint-16x9.pptx
3D0021-animated-3d-3-steps-circular-diagram-for-powerpoint-16x9.pptx
 
0002-01-branded-business-template-4x3.pptx
0002-01-branded-business-template-4x3.pptx0002-01-branded-business-template-4x3.pptx
0002-01-branded-business-template-4x3.pptx
 
0002-01-branded-business-template.pptx
0002-01-branded-business-template.pptx0002-01-branded-business-template.pptx
0002-01-branded-business-template.pptx
 
Erp
ErpErp
Erp
 

Recently uploaded

NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...Khaled Al Awadi
 
Call Girls In Kishangarh Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delh...
Call Girls In Kishangarh Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delh...Call Girls In Kishangarh Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delh...
Call Girls In Kishangarh Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delh...lizamodels9
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailAriel592675
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewasmakika9823
 
CATALOG cáp điện Goldcup (bảng giá) 1.4.2024.PDF
CATALOG cáp điện Goldcup (bảng giá) 1.4.2024.PDFCATALOG cáp điện Goldcup (bảng giá) 1.4.2024.PDF
CATALOG cáp điện Goldcup (bảng giá) 1.4.2024.PDFOrient Homes
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...lizamodels9
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...lizamodels9
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
Non Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptxNon Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptxAbhayThakur200703
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creationsnakalysalcedo61
 
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCRsoniya singh
 
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝soniya singh
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...lizamodels9
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdfCatalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdfOrient Homes
 

Recently uploaded (20)

NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...NewBase  22 April  2024  Energy News issue - 1718 by Khaled Al Awadi  (AutoRe...
NewBase 22 April 2024 Energy News issue - 1718 by Khaled Al Awadi (AutoRe...
 
Call Girls In Kishangarh Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delh...
Call Girls In Kishangarh Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delh...Call Girls In Kishangarh Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delh...
Call Girls In Kishangarh Delhi ❤️8860477959 Good Looking Escorts In 24/7 Delh...
 
Case study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detailCase study on tata clothing brand zudio in detail
Case study on tata clothing brand zudio in detail
 
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service DewasVip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
 
CATALOG cáp điện Goldcup (bảng giá) 1.4.2024.PDF
CATALOG cáp điện Goldcup (bảng giá) 1.4.2024.PDFCATALOG cáp điện Goldcup (bảng giá) 1.4.2024.PDF
CATALOG cáp điện Goldcup (bảng giá) 1.4.2024.PDF
 
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
Lowrate Call Girls In Laxmi Nagar Delhi ❤️8860477959 Escorts 100% Genuine Ser...
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
Non Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptxNon Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptx
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
Marketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet CreationsMarketing Management Business Plan_My Sweet Creations
Marketing Management Business Plan_My Sweet Creations
 
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
(8264348440) 🔝 Call Girls In Mahipalpur 🔝 Delhi NCR
 
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
 
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In.../:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
/:Call Girls In Indirapuram Ghaziabad ➥9990211544 Independent Best Escorts In...
 
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdfCatalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
Catalogue ONG NƯỚC uPVC - HDPE DE NHAT.pdf
 

PMP Comparisons (PMP Comparisons - PMP Comparisons)

  • 1. PMP Comparisons The most important, By: Dr. Ahmed Alsenosy
  • 2. Contract VS Charter All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy Contract Charter A legally binding agreement between the Buyer and the Seller. It is usually prepared internally within the Performing Organization. It is a mutually agreed document between the Buyer and the Seller. It is issued by the Project Sponsor to the Project Manager. Sponsor gives the commitment to provide funds and resources while PM gives the commitment to complete the project. It is a legally binding agreement. Usually it is not a legally binding document. It can be signed either for a project or for operational work. It is prepared for a project only. Projects that are done internally without any third party direction, support, or governance do not need a contract. As a good practice, a charter should always be prepared.
  • 3. Team charter VS Charter All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy Team charter Charter The team charter is a document that establishes the team values, agreements, and operating guidelines for the team. It is usually prepared internally within the Performing Organization. The team charter works best when the team develops it. All project team members share responsibility for ensuring the rules documented in the team charter are followed. It is issued by the Project Sponsor to the Project Manager. Sponsor gives the commitment to provide funds and resources while PM gives the commitment to complete the project. The team charter can be reviewed and updated periodically to ensure a continued understanding of the team ground rules and to orient and integrate new team members. Usually it is not a legally binding document. It is prepared for a project or many projects It is prepared for a project only. As a good practice, a team charter should always be prepared. As a good practice, a charter should always be prepared.
  • 4. Assumptions log VS Constraints log All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy Assumptions log Constraints log An assumption is a belief of what you assume to be true in the future. You make assumptions based on your knowledge, experience or the information available on hand. Constraints are limitations imposed on the project, such as the limitation of cost, schedule, or resources, and you have to work within the boundaries restricted by these constraints. Assumptions are supposed to be true but do not necessarily end up being true. Sometimes they may turn out to be false, which can affect your project significantly. Business Constraints Business constraints depend on the state of your organization; for example, time, budget, resource, etc. Technical Constraints Technical constraints limit your design choice. For example, let’s say you’re constructing a pipeline, and according to the design your pipeline should be able to withstand a certain amount of pressure. Examples You will get all resources required by you. During the rainy season, cheap labor will be available. All-important stakeholders will come to the next meeting. The following are a few examples of constraints: You must complete 25% of the work within the first 30 days. You have to work with the given resources. You will be given only two site engineers.
  • 5. Activity Attributes VS WBS dictionary All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy Activity Attributes WBS dictionary Activity attributes extend the description of the activity by identifying the multiple components associated with each activity. The WBS dictionary is a document that provides detailed deliverable, activity, and scheduling information about each component in the WBS. include the activity identifier (ID), WBS ID, and activity label or name, and when completed, may include activity codes, activity description, predecessor activities, successor activities, logical relationships, leads and lags , resource requirements, imposed dates, constraints etc. Code of account identifier, Description of work, Assumptions and constraints, Responsible organization, Schedule milestones, Associated schedule activities, Resources required, Cost estimates, Quality requirements, Acceptance criteria, Technical references, and Agreement information.
  • 6. Risk register VS Risk report All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy Risk register Risk report The risk register captures details of identified individual project risks. The results of Perform Qualitative Risk Analysis, Plan Risk Responses, Implement Risk Responses, and Monitor Risks are recorded in the risk register as those processes are conducted throughout the project. The risk report presents information on sources of overall project risk, together with summary information on identified individual project risks. The results of Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, Plan Risk Responses, Implement Risk Responses, and Monitor Risks are also included in the risk report Contains: List of identified risks. Potential risk owners. List of potential risk responses. a short risk title, risk category, current risk status, one or more causes, one or more effects on objectives, risk triggers Sources of overall project risk, indicating which are the most important drivers of overall project risk exposure; and Summary information on identified individual project risks, such as number of identified threats and opportunities, distribution of risks across risk categories, metrics and trends, etc.
  • 7. Quality reports VS Quality control measurements Quality reports Quality control measurements The quality reports can be graphical, numerical, or qualitative. The information provided can be used by other processes and departments to take corrective actions in order to achieve the project quality expectations. Quality control measurements are the documented results of Control Quality activities. They should be captured in the format that was specified in the quality management plan. may include: all quality management issues escalated by the team; recommendations for process, project, and product improvements; corrective actions recommendations (including rework, defect/bugs repair, 100% inspection, and more); and the summary of findings from the Control Quality process. Measurements include: Inspection results Test results Any deviations or variations Any other quality control measurements
  • 8. Quality tests VS Quality inspections All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy QUALITY TESTS QUALITY INSPECTIONS Testing is an organized and constructed investigation conducted to provide objective information about the quality of the product or service under test in accordance with the project requirements. An inspection is the examination of a work product to determine if it conforms to documented standards. The results of inspections generally include measurements and may be conducted at any level. The intent of testing is to find errors, defects, bugs, or other nonconformance problems in the product or service. - HVAC systems - Elevators - Data base integration - BMS The results of a single activity can be inspected, or the final product of the project can be inspected. Inspections may be called reviews, peer reviews, audits, or walkthroughs. In some application areas, these terms have narrow and specific meanings. Inspections also are used to verify defect repairs. - Concrete inspection - Plastering inspection - Painting inspection
  • 9. Quality tests VS Quality inspections All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy QUALITY TESTS QUALITY INSPECTIONS Testing is an organized and constructed investigation conducted to provide objective information about the quality of the product or service under test in accordance with the project requirements. An inspection is the examination of a work product to determine if it conforms to documented standards. The results of inspections generally include measurements and may be conducted at any level. The intent of testing is to find errors, defects, bugs, or other nonconformance problems in the product or service. - HVAC systems - Elevators - Data base integration - BMS The results of a single activity can be inspected, or the final product of the project can be inspected. Inspections may be called reviews, peer reviews, audits, or walkthroughs. In some application areas, these terms have narrow and specific meanings. Inspections also are used to verify defect repairs. - Concrete inspection - Plastering inspection - Painting inspection
  • 10. Quality tests VS Quality inspections Quality tests Quality inspections Testing is an organized and constructed investigation conducted to provide objective information about the quality of the product or service under test in accordance with the project requirements. An inspection is the examination of a work product to determine if it conforms to documented standards. The results of inspections generally include measurements and may be conducted at any level. The intent of testing is to find errors, defects, bugs, or other nonconformance problems in the product or service. - HVAC systems - Elevators - Data base integration - BMS The results of a single activity can be inspected, or the final product of the project can be inspected. Inspections may be called reviews, peer reviews, audits, or walkthroughs. In some application areas, these terms have narrow and specific meanings. Inspections also are used to verify defect repairs. - Concrete inspection - Plastering inspection - Painting inspection
  • 11. Analogues est. VS Parametric est. Analogues est. Parametric est. Analogous estimating is a technique for estimating the duration or cost of an activity or a project using historical data from a similar activity or project. Analogous estimating uses parameters from a previous, similar project, such as duration, budget, size, weight, and complexity, as the basis for estimating the same parameter or measure for a future project. Parametric estimating is an estimating technique in which an algorithm is used to calculate cost or duration based on historical data and project parameters. Parametric estimating uses a statistical relationship between historical data and other variables (e.g., square footage in construction) to calculate an estimate for activity parameters, such as cost, budget, and duration. Analogous duration estimating is frequently used to estimate project duration when there is a limited amount of detailed information about the project. is generally less costly and less time-consuming than other techniques, but it is also less accurate. This technique can produce higher levels of accuracy depending on the sophistication and underlying data built into the model. Example: If you have completed 1000 m3 excavation for previous project in 10 days and your current project have 2000 m3 then your current project excavation will take 20 days Example: If the assigned resource is capable of installing 25 meters of cable per hour, the duration required to install 1,000 meters is 40 hours (1,000 meters divided by 25 meters per hour).
  • 12. Scope Validation VS Quality Control item Scope Validation Quality Control Definition Reviewing the deliverables with the customer to ensure that they are completed satisfactorily and within project approved Scope Evaluates the project results (outputs, deliverables) to ensure they comply with quality standard timing At the end of each phase or the project Throughout the project life cycle from start to end How Establish a good Scope management plan and collect clear ,complete and census requirements (functional or non functional ) and put suitable traceability matrix Finding & eliminating sources of quality problems through tools & equipment so that customer's requirements are continually met. Who implement Project manager, client or consultative body Quality control team Example As part of my project management requirements, I need to produce a weekly project performance report. provide the performance report to my sponsor for his approval check the data and figures within my performance report to ensure they are correct Output (major) Formal acceptance Tally sheet, check sheet, inspection sheet All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy
  • 13. Manage Quality vs Quality Control item Manage Quality Quality Control Definition QA is a set of activities for ensuring quality in the processes by which products are developed as well as continues improvements. QC is a set of activities for ensuring quality in products. The activities focus on identifying defects in the actual products produced. Focus on QA aims to prevent defects with a focus on the process used to make the product. It is a proactive quality process. QC aims to identify (and correct) defects in the finished product. Quality control, therefore, is a reactive process. How Establish a good quality management system and the assessment of its adequacy. Periodic conformance audits of the operations of the system. Finding & eliminating sources of quality problems through tools & equipment so that customer's requirements are continually met. Responsibility Everyone on the team involved in developing the product is responsible for quality assurance. Quality control is usually the responsibility of a specific team that tests the product for defects. Statistical Techniques Statistical Tools & Techniques can be applied in both QA & QC. When they are applied to processes (process inputs & operational parameters), they are called Statistical Process Control (SPC); & it becomes the part of QA. When statistical tools & techniques are applied to finished products (process outputs), they are called as Statistical Quality Control (SQC) & comes under QC. Process group Execution Control All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy
  • 14. QUALITATIVE vs QUANTITATIVE QUALITATIVE RISK ANALYSIS QUANTITATIVE RISK ANALYSIS A qualitative risk analysis prioritizes the identified project risks using a pre-defined rating scale A quantitative risk analysis is a further analysis of the highest priority risks during a which a numerical or quantitative rating is assigned in order to develop a probabilistic analysis of the project. risk-level project-level subjective evaluation of probability and impact probabilistic estimates of time and cost quick and easy to perform time consuming no special software or tools required may require specialized tools All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy
  • 15. Risk Mitigation Plan VS Risk Contingency Plan RISK MITIGATION PLAN RISK CONTINGENCY PLAN You identify actions which you will take in advance irrespective of the occurrence of risk You plan actions, but you monitor certain warning signs. You take these actions only when you see the warning signs. Or when you accept certain types of risk You spend time and money in advance for the given risk condition You do not spend time or money in advance, but you keep them ready, and invest them when needed We are expected to mitigate the risks which are outside the risk threshold. By applying a mitigation plan, we reduce the probability of impact of the identified risk. By identifying the contingency plan, we do not change the probability or impact of the current risk, but we plan to control the impact as risk event looks like occurring. This works as the first level of defense for the high exposure risks This works as a fallback plan for the high exposure risks. All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy
  • 16. Secondary Risks VS Residual Risks All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy Manage communication Manage Stakeholders Manage Communication is all about interacting with the Stakeholder . It focuses on the Medium - Phone, Face to Face, Web conference. It also focuses on the Stakeholder Encoding, Sending, Receiving ,Decoding and Acknowledge project communication to and from the Project Manager . Communications plan is all about how frequently , how and when you will communicate (Part of Communication Management Plan). Stakeholder engagement on the other hand focuses on Relationship Building with the stakeholder . Use your negotiation, leadership, influence skills to interact and manage stakeholder expectations, foresee and proactively control changes to scope, Examples: • project reports • Project meetings • Any information exchange inside or outside from or to the project. Examples: If essential changes are requested by Stakeholders, go through the proper Change Control Process, Seek endorsement and support from your sponsor at all times, Keep stakeholder informed of project progress at all times and balance their conflicting needs with regards to scope, cost, time, risks, priorities.
  • 17. Contingency Plan VS Fallback Plan All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy Contingency Plan: a contingency plan is developed to be taken only when risk event occurs • only for risks that have been accepted (i.e. no proactive actions to be taken to minimize their occurrence) • for identified risks (known unknowns) • developed during Plan Risk Responses process Fallback Plan: a fallback plan is developed to deal with risks if the primary planned risk response is not effective • to be taken after the Contingency Plan • for identified risks (known unknowns) • developed during Plan Risk Responses process
  • 18. EEFs VS OPAs Enterprise environmental factors are internal and external environmental factors that can influence a project’s success, including: Organizational culture Organizational structure Internal and external political climate Existing human resources Available capital resources Regulatory environment Financial and market conditions 1 Organizational process assets include any of the organization’s process assets that may be used to ensure project success. They generally fall into two categories: Processes, guidelines, and procedures, such as: organizational standard processes, standardized guidelines, templates The corporate knowledge base, such as, lessons learned, historical information, past project files (I call this: The Repository of Goodness) 2
  • 19. Funding Limit reconciliation VS Funding Req. All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy Funding Limit reconciliation Funding Requirements When you first lay your cost estimates over time and aggregate the funds by time period, you should compare the results with any funding limitations identified in the scope statement or elsewhere. Each working period should have required fund to cover all required costs. Cost budgeting technique Cost Budgeting output May accompanied with changing network diagram or critical path. Sponsor may change project plan to satisfy funds.
  • 20. Control chart’(control limits vs specifications limits) Control Limits Specification Limits Voice of the process Voice of the customer Calculated from Data Defined by the customer Appear on control charts Appear on histograms Apply to subgroups Apply to items Guide for process actions Separate good items from bad What the process is doing What we want the process to do Specification limits are the targets set for the process/product by customer or market performance or internal target. In short it is the intended result on the metric that is measured. Control limits on the other hand are the indicators of the variation in the performance of the process. It is the actual values that the process is operating on. It is the real time value. http://www.whatissixsigma.net All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy
  • 21. Project Management Information System VS Information Management Systems • Project Management Information System. An information system consisting of the tools and techniques used to gather, integrate, and disseminate the outputs of project management processes. It is used to support all aspects of the project from initiating through closing, and can include both manual and automated systems. • An information management system provides a set of standard tools for the project manager to capture, store, and distribute information to stakeholders about the project’s costs, schedule progress, and performance. Some software packages allow the project manager to consolidate reports from several systems and facilitate report distribution to the project stakeholders. All copyrights are reserved to Ahmed Alsenosy | www.linkedin.com/in/Alsenosy