An inclusive term that describes the sum of knowledge within the profession of project management. This includes status reporting, progress measurement, and forecasting. See also total float. Contrast with product and service.
The state, quality, or sense of being restricted to a given course Wbs obs action or inaction. Bill of Materials BoM Decomposes each tangible element of the project deliverables into its component parts Wbs obs is often used for purchasing components.
See also arrow diagramming method and precedence diagramming method. The process of documenting the products, services, and results requirements and identifying potential sellers.
In practice there is very little difference between a PBS and a WBS, both systems define the full extent of the work required to complete the project. Control accounts are placed at selected management points specific components at selected levels of the work breakdown structure.
Most authorities recognise that it is impossible to effectively manage or govern a project or program in the absence of reliable information on the current status of work in progress, and reliable predictions of future outcomes. The persons who report either directly or indirectly to the project manager, and who are responsible for performing project work as a regular part of their assigned duties.
A collection of generally sequential project phases whose name and number are determined by the control needs of the organization or organizations involved in the project. The document describing how project risk management will be structured and performed on the project.
The four possible types of logical relationships are: It is the ratio of earned value EV to actual costs AC.
A type of contract involving a fixed total price for a well-defined product. A company, business, firm, partnership, corporation, or governmental agency. Launching a process that can result in the authorization and scope definition of a new project. A temporary endeavor undertaken to create a unique product, service, or result.
The process of monitoring and controlling the processes required to initiate, plan, execute, and close a project to meet the performance objectives defined in the project management plan and project scope statement. It is a small effort as compared to the total project and you need the goodwill for a multimillion dollar on the pipeline.
Consequently, the project controls discipline can be seen as encompassing: In current usage, however, precedence relationship, logical relationship, and dependency are widely used interchangeably, regardless of the diagramming method used. Some of the types of Breakdown Structure in use today include: A component of work performed during the course of a project.
The aggregation of the processes, tools, techniques, methodologies, resources, and procedures to manage a project. The document that describes how procurement processes from developing procurement documentation through contract closure will be managed.
The process of managing the contract and the relationship between the buyer and seller, reviewing and documenting how a seller is performing or has performed to establish required corrective actions and provide a basis for future relationships with the seller, managing contract related changes and, when appropriate, managing the contractual relationship with the outside buyer of the project.
Any organizational structure in which the project manager has full authority to assign priorities, apply resources, and direct the work of persons assigned to the project.
The term used in the precedence diagramming method for a logical relationship. If you set up cost accounts for work packages on the WBS, you can also track the resource types within each work package.
There are three simple steps to take when creating your project's OBS, which will be repeated until the 'best' levels are identified. A collection of formal documented procedures that define how project deliverables and documentation will be controlled, changed, and approved.
Hold a bidders conference Establish the appropriate contract type Implement the contract change control system Develop a statement of work Answer: The accuracy of bottom-up estimating is driven by the size and complexity of the work identified at the lower levels.
Examining or measuring to verify whether an activity, component product, result or service conforms to specified requirements. An information system consisting of the tools and techniques used to gather, integrate, and disseminate the outputs of project management processes.
The process of estimating the types and quantities of resources required to perform each schedule activity. Applying this rule of thumb, one can apply "common sense" when creating the duration of a single activity or group of activities necessary to produce a deliverable defined by the WBS.
Fixed-Price or Lump-Sum Contract. The fourth axis of the RAM when properly implemented allows for the use of a unique Task Plan for each phase of the contract as it progresses through time.The following table lists some medical abbreviations with their intended meaning.
Performance % complete calculations in the WBS bar. In my last post I talked about how inputting cost is important in Primavera and we saw how Performance % Complete gets rolled up to the WBS. COST MANAGEMENT AND CONTROL IN PROJECTS:Project benefits, Understanding Control Project Management Business Management Business Investing.
Global and Project Scope Level (return to T a ble of Contents). By default, when a user opens a connection to the Primavera SDK (via ODBC) using the Project Management engine, the global data are loaded (for example Resource Pool and Reports), but the project-specific data are not loaded (for example WBS, Activities and Resource Assignments).
Open Broadcaster Software is free and open source software for video recording and live streaming. Stream to Twitch, YouTube and many other providers or record your own videos with high quality H / AAC encoding. Have you encountered work breakdown structures and wondered how they can help in your project management efforts?
A work breakdown structure (WBS) is a visual tool for defining and tracking a project deliverable and all the small components needed to create it.Download