... is no fixed cost. At some point in time, if the Figure 1-1. Break even chart. Cost Fixed cost of project Cost while not doing project Break even point Total Variable cost of project 0 ... benefit, the lines will cross. This is the ‘‘break even point,’’ the point where the benefits of doing the project outweigh the cost of doing the project when compared to not doing the project at ... between projects and that all projects go through similar phases. The project life cycle defines the beginning and the end of a project and various milestones within it. At various points in the project...
Ngày tải lên: 21/06/2014, 14:20
... into the pricing of the project. The price should not be determined by the cost of the project; but the cost of the project is a very real consideration in making sure that the project benefits ... lose in the carrying out of the project. The project team, the customer, the management of the supplying company, and many others are all stakeholders. The project manager must have input into ... date, crashing or fast tracking must be used. Crashing a schedule is doing anything at all to reduce the scheduled completion of the project. Examples of crashing would include reducing the scope...
Ngày tải lên: 21/06/2014, 14:20
Preparing for the Project Management Professional Certification Exam_5 potx
... meeting in- creases at a diminishing rate. The cost of additional people in a meeting continues to increase in a linear fashion, and very soon the benefit of addi- tional people at a meeting ... take place in meetings. Transcribing tape re- cordings of meetings is generally time consuming and less effective than good note taking. Distribute the minutes within one day. Each meeting should ... be a way of organizing and documenting the risks. In the beginning of the project the risks may only be identified. Later in the project, additional information will be continuously added to...
Ngày tải lên: 21/06/2014, 14:20
Preparing for the Project Management Professional Certification Exam_7 pdf
... Few lines are an indica- tion of the inhibitions of individuals in the meeting. A good meeting would show lines between each individual in the meeting and every other individual in the meeting. ... anything happens that increases the cost of producing the good or service, the seller or supplier must bear the additional cost without being able to increase the selling price to the buyer. In ... of understanding Receiver Sender Channel Message decoding, and understanding Thinking and encoding Feedback Perceiving, Channel Transmitting This is the process of moving the message...
Ngày tải lên: 21/06/2014, 14:20
Preparing for the Project Management Professional Certification Exam_8 pot
... documented project management in- struction Joining PMI Today the cost of joining PMI and becoming a PMP are very close to the same as becoming a PMP without joining PMI. The benefits of joining PMI ... package. d. Cost account. 16. A project manager is reviewing the scope of the project and the scope baseline of the project. This includes which of the following? a. The original project schedule, ... ‘‘Obtain project plan approval by reviewing the plan with the client and other required stakeholders to confirm project baselines prior to proceeding with project executing proc- esses.’’ Domain...
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Preparing for the Project Management Professional Certification Exam_11 doc
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Preparing for the Project Management Professional Certification Exam_12 pdf
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Preparing for the Project Management Professional Certification Exam_14 ppt
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Preparing For The Project Management Professional Certification Exam_3 docx
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Preparing For The Project Management Professional Certification Exam_4 pdf
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Preparing For The Project Management Professional Certification Exam_5 ppt
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Preparing For The Project Management Professional Certification Exam_8 doc
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Preparing For The Project Management Professional Certification Exam_10 pdf
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Preparing For The Project Management Professional Certification Exam_12 pdf
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Preparing For The Project Management Professional Certification Exam_13 docx
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Project Management Professional-Chapter 19b (Answer key)
... PROFESSIONAL RESPONSIBILITY 1. Answer: c There should be a change procedure in the project to handle changes that might be initiated by customers. The change procedure should include the cost ... for managing the change and the cost of developing the estimate for the effects of the change. 2. Answer: c Estimating is just that, an estimating process. Perhaps it would have been better for the project ... practical. 3. Answer: b In this kind of situation it is important that the customs and culture in the foreign country be respected. By consulting with your company’s management, the gift can...
Ngày tải lên: 17/10/2013, 22:15
Project Management Professional-Chapter 20
... Distribution The beta distribution is used frequently in project management since it closely resembles the phenomena in cost and scheduling. The beta probabil- ity distribution is bell shaped ... distribution is of value in project management because there are many situations in risk management where there are two possible outcomes, success and failure. In order to use the binomial distribution, ... deviation=5 Mean=22 Mean=22 being correct in our estimate. As in all probability distribution curves, the area under the curve between the two points we are interested in compared to the total area...
Ngày tải lên: 20/10/2013, 16:15
Project Management Professional-Chapter 21
... 1 Project Management Institute (PMI) ex- amination, 218–219 closing project domain of, 222–223 controlling project domain of, 222 executing project domain of, 221–222 initiating project domain ... planning and controlling project costs and schedules. Project management team. The members of the project team who are directly involved in project management activities. On some smaller projects, ... budget. It consists of resource planning, cost estimating, cost budgeting, and cost control. Project human resource management. A subset of project management that includes the processes required...
Ngày tải lên: 20/10/2013, 17:15
Project Management Professional-Chapter 1
... no fixed cost. At some point in time, if the Figure 1-1. Break even chart. Total Cost Time 0 Fixed cost of project Variable cost of project Cost while not doing project Break even point 9618$$ ... such a thing. It is generally considered that investing in U.S. Treasury bills is a risk-free investment. Generally speaking, however, investing in the projects of a company and taking advantage ... new things to be incorporated into the project can bog down a project team. The investigation of these changes can cost much in time and effort. So, the first thing that needs to take place in the...
Ngày tải lên: 24/10/2013, 15:15