Project management techniques
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Project Management techniques describe common methods used to effectively plan and execute projects. These include: 1) Business Change Analysis which integrates all change activities into a sequenced business program driven by enterprise needs. 2) Critical Path Analysis which identifies essential and non-essential activities to define the longest sequential path of a work plan. 3) Cycle Time Analysis which examines the total time needed to complete each activity in a process.
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![Project Management techniques<br />Project Management techniques describe the ways that we gather information, communicate, and generally get things done in the most efficient and effective way. These techniques are listed below:-<br />,[object Object]](https://image.slidesharecdn.com/projectmanagementtechniques-110407112356-phpapp02/85/Project-management-techniques-1-320.jpg)
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Project scheduling involves defining tasks, estimating durations, determining dependencies, assigning resources, and communicating a timeline. The key steps are to create a work breakdown structure, estimate task durations using techniques like three-point estimating, determine relationships between tasks, and finalize the schedule by allocating resources. Project schedules can be modeled and optimized using techniques like what-if scenario analysis, simulation, and resource leveling to balance workloads. Common schedule formats include network diagrams, Gantt charts, and milestones.
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Project Scheduling in a project refers to roadmap of all activities to be done with specified order and within time slot allotted to each activity.
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Project scheduling involves defining tasks, estimating durations, determining dependencies, assigning resources, and communicating a timeline. The key steps are to create a work breakdown structure, estimate task durations using techniques like three-point estimating, determine relationships between tasks, and finalize the schedule by allocating resources. Project schedules can be modeled and optimized using techniques like what-if scenario analysis, simulation, and resource leveling to balance workloads. Common schedule formats include network diagrams, Gantt charts, and milestones.
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Project managers tend to define various tasks, and project milestones and they arrange them keeping various factors in mind.
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CONTROL
Control is the process of monitoring performance and taking action to ensure desired results are achieved. It involves establishing objectives and standards, measuring actual performance, comparing results to objectives and standards, and taking necessary action. There are two types of standards - output standards that measure performance results and input standards that measure work efforts. Measurement allows for accurate comparison of actual performance to desired performance to identify deviations and establish the need for corrective action.
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The document discusses project cost management and financial analysis techniques. It covers:
1) Various cost estimating methods used at different project stages from approximate to detailed estimates.
2) The importance of developing a project budget and allocating costs to work items to establish a cost baseline.
3) Key financial analysis methods used in project appraisal including payback period, net present value (NPV), and internal rate of return (IRR). Positive NPV and highest IRR projects are typically selected.
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Project Cost Management includes processes for planning, estimating, budgeting, and controlling costs throughout a project. The key processes are:
1. Plan Cost Management to establish policies and procedures for managing project costs.
2. Estimate Costs by developing approximations for completing project activities.
3. Determine Budget by aggregating activity cost estimates to establish a cost baseline.
4. Control Costs by monitoring costs, identifying variances from the baseline, and managing changes to keep costs within approved limits.
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A technical audit evaluates processes, systems, or projects to identify deficiencies or areas for improvement. The document outlines the objectives, stages, and benefits of technical audits. It also discusses how to plan and conduct an audit, including staffing an audit team, developing a plan and checklists, analyzing results, documenting findings, and addressing resistance to recommendations. Technical audits aim to improve processes, ensure quality, manage risks, and enhance transparency and cost-effectiveness.
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Method study breaks jobs into components, challenges processes, and develops new work instructions. Time study establishes standard times by timing job components repeatedly with a stopwatch. Incentive schemes motivate workers using standard times from time studies. Plant layout can be improved based on process analysis and work study findings.
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CONTROL
Control is the process of monitoring performance and taking action to ensure desired results are achieved. It involves establishing objectives and standards, measuring actual performance, comparing results to objectives and standards, and taking necessary action. There are two types of standards - output standards that measure performance results and input standards that measure work efforts. Measurement allows for accurate comparison of actual performance to desired performance to identify deviations and establish the need for corrective action.
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I have to do a project..no one stops at the sign in front of my hous.pdf
I have to do a project..no one stops at the sign in front of my house-but since defining a stop is
too difficult, I am using whether or not the drivers use the brake or not. You would be surprised
how many don\'t even brake at all. How do I get started with this? Choose random times and
days to observe the stop sign? Can you just point me in the right direction? Thanks :) Statistics
and Probability Comment
Solution
Why do you say that Project Management is the best method of implementing
change? Although change occurs continuously in the world and in our daily lives it is rarely
implemented that way in organisations but rather as a series of steps; a ladder of change. A new
piece of legislation, market imperatives, management initiatives and new technology create
projects that need to be managed, often across departmental or disciplinary lines. Project
Management is a methodology and a discipline which can bring significant benefits to
organisations by:- Ensuring limited resources are used on the right projects Harnessing the
energy of staff in achieving beneficial change Managing complex changes in an organised way
Assessing risks, defining goals and key success areas and setting quality objectives. However,
every organisation has finite resources and, therefore, a limit to the number of projects it can
initiate and control. Pushing too many projects through a resource limited organisation causes
gridlock and stress. Managing the project portfolio efficiently is a fundamental principle of good
project management. Because most projects involve new ideas and learning (even a project to
build houses or flats may involve new materials or unusual soil conditions or there may be new
initiative for tenant selection or co-ownership schemes) project management has evolved a
discipline to manage the new and unusual. Its objective is to: define the project reduce it to a set
of manageable tasks obtain appropriate and necessary resources build a team or teams to perform
the project work plan the work and allocate the resources to the tasks monitor and control the
work report progress to senior management and/or the project sponsor close down the project
when completed review it to ensure the lessons are learnt and widely understood. It is this
structured approach that makes project management the best method for change management.
What is a project? A project is generally defined as a programme of work to bring about a
beneficial change and which has:- a start and an end a multi-disciplinary team brought together
for the project constraints of cost, time and quality a scope of work that is unique and involves
uncertainty Examples of a project:- The development and introduction of a new services The
development of a management information system The introduction of an improvement to an
existing process Setting up a new care initiative The creation of a large tender or the preparation
of a response to it. The production of a new customer newsletter, catal.
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I have to do a project..no one stops at the sign in front of my house-but since defining a stop is
too difficult, I am using whether or not the drivers use the brake or not. You would be surprised
how many don\'t even brake at all. How do I get started with this? Choose random times and
days to observe the stop sign? Can you just point me in the right direction? Thanks :) Statistics
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Why do you say that Project Management is the best method of implementing
change? Although change occurs continuously in the world and in our daily lives it is rarely
implemented that way in organisations but rather as a series of steps; a ladder of change. A new
piece of legislation, market imperatives, management initiatives and new technology create
projects that need to be managed, often across departmental or disciplinary lines. Project
Management is a methodology and a discipline which can bring significant benefits to
organisations by:- Ensuring limited resources are used on the right projects Harnessing the
energy of staff in achieving beneficial change Managing complex changes in an organised way
Assessing risks, defining goals and key success areas and setting quality objectives. However,
every organisation has finite resources and, therefore, a limit to the number of projects it can
initiate and control. Pushing too many projects through a resource limited organisation causes
gridlock and stress. Managing the project portfolio efficiently is a fundamental principle of good
project management. Because most projects involve new ideas and learning (even a project to
build houses or flats may involve new materials or unusual soil conditions or there may be new
initiative for tenant selection or co-ownership schemes) project management has evolved a
discipline to manage the new and unusual. Its objective is to: define the project reduce it to a set
of manageable tasks obtain appropriate and necessary resources build a team or teams to perform
the project work plan the work and allocate the resources to the tasks monitor and control the
work report progress to senior management and/or the project sponsor close down the project
when completed review it to ensure the lessons are learnt and widely understood. It is this
structured approach that makes project management the best method for change management.
What is a project? A project is generally defined as a programme of work to bring about a
beneficial change and which has:- a start and an end a multi-disciplinary team brought together
for the project constraints of cost, time and quality a scope of work that is unique and involves
uncertainty Examples of a project:- The development and introduction of a new services The
development of a management information system The introduction of an improvement to an
existing process Setting up a new care initiative The creation of a large tender or the preparation
of a response to it. The production of a new customer newsletter, catal.
Operation management
Operation management involves planning, organizing, leading, and controlling all resources of an organization. It is a core activity and responsibility of everyone in the business. Operation management uses a systems approach where all subsystems work together towards common organizational goals. It aims to produce quality goods and services on time and within budget while maximizing resource utilization and minimizing costs.
A brief on project time management
A brief introduction of Project Time Management, covering the main concepts like Activities, Project Schedule, Activity dependencies, Critical Path, Lead and Lags etc.
Agile Project Methodology.pptx
The document provides an overview of the Balanced Scorecard framework, which measures organizational performance across four perspectives - financial, customer, internal processes, and learning and growth. It describes the key elements included in each perspective and gives an example of how a fictional company, XYZ Corporation, could implement the Balanced Scorecard to monitor performance against objectives using relevant key performance indicators. The Balanced Scorecard framework helps organizations take a balanced approach to measuring success and ensures different business areas work together to achieve strategic goals.
Concepts Of business analyst Practices - Part 1
The document defines various concepts related to business analysis including agile methodology, business analysis, business analyst role, requirements elicitation techniques, and system development lifecycles. It provides definitions for agile, business analysis, business analyst, requirements documents, feasibility studies, use cases, prototypes, and more. It also outlines the roles of project teams including the project owner, business and technical assurance coordinators, and describes techniques like functional decomposition and workflow diagrams. Finally, it introduces the speaker as an independent consultant and instructor on topics like project management, databases, and digital marketing.
Rightsizing your Process: How to Balance Affordability and Project Success
Managing a product development effort is a huge challenge. One of the enablers for project success is robust systems engineering and project management processes, using proven industry best practices. Unfortunately, in these tough economic times, we are consistent asked to "lean" our processes, to make them more affordable. Are there meaningful ways to achieve both objectives?
This presentation will summarize tools and tips for rightsizing your process through tailoring. The talk will summarize the main principles behind process, and will present effective approaches for reducing the bureaucracy, while retaining the discipline elements which assure consistent performance. Consideration will be given to maintaining certification with leading quality standards while reducing cost and schedule.
Zubin_Shahnawaz_CV_August_2016
Zubin Shahnawaz has over 10 years of experience in target operating model design, business analytics, and organizational restructuring for investment banking and financial services firms. He has a proven track record of applying Lean principles to drive operational transformation and has experience managing projects, teams, and offshoring initiatives. The document provides details on his work history, qualifications, and roles at Genpact, Credit Suisse, J.P. Morgan, and Commonwealth Securities.
Analysis Phase
In this PPT I was explaining to a client the Business Analysis Methodology, process, activities, and documents involved in this IT project.
bpm presentation1.pptx
Business process implementation involves transforming approved business process designs into operational processes accepted by stakeholders. Key deliverables include executable business processes and rules, performance metrics, a process management organization, trained staff, and change management. Successful implementation depends on visible senior management support, careful management of technological, behavioral, policy and workflow tasks, and achieving performance targets through acceptable process execution.
Project management system
This presentation focus on complete Project Management System, System Approach, System Analysis, System Methodologies, System Development Life cycle.
Quality management procedures
This document provides information about quality management procedures including forms, tools, and strategies. It discusses the purpose and requirements of quality management procedures such as having quality objectives and using procedures/deliverables like a project management plan, communication management procedure, risk management procedure, and checklists. Quality management tools explained include check sheets, control charts, Pareto charts, scatter plots, Ishikawa diagrams, and histograms. Other related topics like quality management systems and standards are also listed.
Business process reengineering module 1
Business processes are collections of activities that take inputs and create outputs of value to customers. Business process management involves modeling, automating, executing, controlling, measuring, and optimizing business processes. The goals of business process management are to improve processes, gain control over workflows, and optimize processes to create an efficient organization. Business process reengineering takes a radical approach to redesign processes from scratch in order to achieve dramatic improvements in areas like costs, quality, and cycle times.
Guide for Post-COVID Process & Service Redesign
This guide provides a practical approach with resources for you to design new services and processes to address the challenges of massive COVID-19 disruptions and rapidly increasing automation that are requiring organizations to revise and redefine their operations.
Project Management Tools and Techniques
The document defines various tools and techniques used in project management. It provides definitions for over 30 commonly used terms such as project charter, requirements analysis, work breakdown structure, Gantt chart, risk management, and quality plan. The definitions cover areas such as project planning, scheduling, cost estimating, quality management, risk management, and project monitoring and control.
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Project management techniques
- 2. Critical Path Analysis: - An analysis technique used to identify the critical (essential) and non-critical (non-essential) activities associated with a business process or work plan and the amount of float (slack) associated with each noncritical activity. The result of the analysis defines the critical path, a sequential set of related and essential steps that comprise a value stream or work plan. It is the longest path, in terms of duration.
- 3. Cycle Time Analysis: - A technique that examines the total length of time an activity needs to complete its cycle. It is measured by the amount of time that an input to a business activity requires to be transformed to an output. Where a process consists of multiple activities, the cycle time for any given activity is the time between previous activity completion and current activity completion.
- 4. Facilitation: - A set of techniques used by a workshop leader, or facilitator, to improve the operation of a workshop or project team meeting.
- 5. Gap Analysis: - A set of techniques to examine and describe the gap between current performances and desired future goals.