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Project Management

Project Management. Anirudh Reddy Agasti. Project Management Process. Initiation Planning and Design Execution Monitoring and Controlling Closing. Initiation. Business Needs/Requirements Identifying the Current Operations Identify Stakeholders Project Deliverables. Project Planning.

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Project Management

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  1. Project Management Anirudh Reddy Agasti CSCI 577b

  2. Project Management Process • Initiation • Planning and Design • Execution • Monitoring and Controlling • Closing CSCI 577b

  3. CSCI 577b

  4. Initiation • Business Needs/Requirements • Identifying the Current Operations • Identify Stakeholders • Project Deliverables CSCI 577b

  5. Project Planning • Project Goals • Requirements Gathering • Prioritization • SMART • Project Schedule and Cost • Calculate Effort, Cost and Resources Required • Lay out plan using Templates or MS Project CSCI 577b

  6. Project Planning • Supporting Plans • Human Resources Plan • Which role requires how much labor • No of employees required • Communications Plan • With whom we are supposed to keep in contact throughout the project, i.e. on stakeholder sides. • Progress Report • Having Milestones and a Stakeholder meeting at these milestones • Risk Management Plan CSCI 577b

  7. Execution CSCI 577b

  8. Monitoring and Controlling • Measuring the ongoing project activities (where we are?) • Monitoring the project variables against the project management plan (where we should be?) • Identify corrective actions to address issues and risks properly (How can we get on track again?) • How these corrective actions could affect the project? • Project Maintenance CSCI 577b

  9. Closing • Project Archiving • Project Close • Contract Closure CSCI 577b

  10. Earned Value Management Methodology • Measuring Project Performance and Progress • Measurements of Cost, Schedule and Scope in Single Integrated System • Accurate Forecast for Problems • Essential features of any EVM implementation include • a project plan that identifies work to be accomplished, • a valuation of planned work, called Planned Value (PV) or Budgeted Cost of Work Scheduled (BCWS), and • pre-defined “earning rules” (also called metrics) to quantify the accomplishment of work, called Earned Value (EV) or Budgeted Cost of Work Performed (BCWP). CSCI 577b

  11. Earned Value Management Methodology CSCI 577b

  12. Earned Value Management Methodology • Define the work – WBS • Assign Value – PV • Define EV • As per each element of work • 0/100; 50/50; 25/75; 20/80. • Execute according to plan CSCI 577b

  13. Tools & Techniques • Gantt Chart • Logic Network • PERT Chart • Work Breakdown Structure (WBS) • SWOT Analysis • Delphi Technique • MoSCoW Method CSCI 577b

  14. Templates CSCI 577b

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