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What is a project?
Acording to PMI (Project Management Institute)
An established objective
A defined live span with a beginning and an end
Usually, the involvement of several departments and professionals
Typically, doing something that has never been done before
Specific time, cost, and performance requirements
What is correct about a program
A program is a group of related projects
What is the four typical phases of a project?
Defining
Planning
Execution
Closure
What is usually included in the project definition phase?
Goals
Specifications
Tasks
Responsibilities
What is usually included in the project planning phase?
Schedules
Budgets
Resources
Risks
Staffing
What is usually included in the project execution phase?
Status reports
Changes
Quality
Forecasts
What is usually included in the project closure phase?
Train customers
Transfer documents
Release resources
Evaluation
Lessons learned
What does a Project Manager do?
Plan
Schedule
Motivate
Control
Direct link to customer
Provide direction
Coordination
Integration to the project team
What are some of the current drivers of project management?
Compression of the Project Life Cycle
Knowledge Explosion
Triple Bottom Line
Increased Customer Focus
Small Projects Represent Big Problems
What is EV?
Earned Value
What does EV show?
The value of the work, in terms of the budgeted cost, that has been accomplished
What is PV?
Planned Value
What does PV show?
The value of the work planned to be accomplished
What is AC?
Actual Cost
What does AC show?
The actual cost incurred for the work accomplished
What is BAC?
Budget cost at Completion
What is EAC?
Estimated cost at Completion
What is ETC?
Estimated cost to complete remaining work
What is VAC?
Cost variance at Completion
What is SV?
Schedule Variance
What is CV?
Cost Variance