... anticipated.It is the purpose of costmanagement to prevent this. Project Life Cycle and Project Cost Lately, it has become important to consider the cost of the project for thefull useful life ... Considering the cost ofthe project as delivered, the ‘‘spaghetti coded’’ project will be less costly.Considering the life cycle cost of the project, however, this approach will bemore costly. This ... extremely large projects result in smaller projects orsubprojects. The subprojects are themselves projects in their own right andhave their own work breakdown structures. Each project may be...
... historical information in several project processes. FIGURE 2.7 Project Communications Management Project Risk Management Project Risk Management (see Figure 2.8) contains six ... processes in the remaining knowledge areas. FIGURE 2.1 Project Integration Management Project Scope Management Project Scope Management (see Figure 2.2) has five processes: Initiation, ... 24 Chapter 1What Is a Project? Project Management Processes Project management processes, according to the Guide to the PMBOK, organize and describe the work of the project. These processes...
... Initiating the Project FIGURE 2.3 Project Time Management Project Cost Management As its name implies, the Project CostManagement knowledge area (see Fig-ure 2.4) centers around costs ... Planning, Cost Estimating, Cost Budgeting, and Cost Control. The activities in the ProjectCostManagement knowledge area establish estimates for costs and resources and keep watch over those costs ... with the project. Matrix organizations allow project managers to focus on the project and project work just like in a projectized organization. The project team is free to focus on the project...
... Initiating the Project FIGURE 2.3 Project Time Management Project Cost Management As its name implies, the Project CostManagement knowledge area (see Fig-ure 2.4) centers around costs ... Planning, Cost Estimating, Cost Budgeting, and Cost Control. The activities in the ProjectCostManagement knowledge area establish estimates for costs and resources and keep watch over those costs ... CAwww.sybex.com 50 Chapter 2 Initiating the Project FIGURE 2.8 Project Risk Management Project Procurement Management The Project Procurement Management knowledge area (see Figure...
... management, scope man-agement, time management, cost management, quality management, human resources management, communications management, risk management, and contracts and procurement management, ... doing the project. At this phase of the project there is little known about the project. Project Processes In the Guide to the ProjectManagement Body of Knowledge, the basic project management ... 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...
... 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 are high enough to justify the cost. The scope baseline ... 09-06-02 14:59:01 PS56 Preparing for the ProjectManagementProfessional Certification Exam the start of the project and the finish of the project. An event is a project activity that has zero duration ... the project. 9618$$ $CH1 09-06-02 14:58:58 PS45 Scope Management All projects must be justified. There are many justification methods for projects. With the exception of mandated projects, projects...
... man-agement of the project. Projects work best when the environment around them is organized in a way that is good for project management. The matrix organization is best for project management, ... the ProjectManagementProfessional Certification Exam Table 5-4. Worst-case and best-case situations. Risk Event Impact Probability Expected Value Project cost מ2,000,000 מ2,000,000 Project ... The purpose of human resources management in projectmanagement is to make the most effective use of the human resources involved in the project. As always, the project manager is responsible...
... the ProjectManagementProfessional Certification Exam Figure 7-2. Customer and supplier risk. Low Risk Customer High Risk FFP FPI FP + Award Cost Cost Sharing Cost + FF Fixed Price Cost ... within the projectmanagement community. The following tasks are the basis for the questions that will be on the PMP examination. They are from the ProjectManagementProfessional (PMP) Role ... of projectmanagement professionals (PMPs). Then they specified a plan for the testing of PMPs, wrote and rewrote questions for the exam, and determined the passing score for the test. The Project...
... influence on the PMP exami-nation. The ProjectManagementProfessional (PMP) Role Delineation Study was begun in 1999 to help define the roles and responsibilities of project management professionals. ... a project, a project manager takes on the responsibility of providing qualified professional service. No project manager should take on CHAPTER 10What Is the PMP Exam Like? The ProjectManagement ... effect of maintaining standards of conduct. All certified project management professionals agree to support the Code. A projectmanagementprofessional is required by the Code to provide truthful...