Explain basic project cost management principles, concepts

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Reference no: EM13916925

Explain how you would designate a leader for each project and how they should use the various tools below to ensure all personnel are actively engaged. Create a small Gant chart for an imaginary project.

Explain how various tools and techniques help project managers perform activity duration estimating.

Use a Gantt chart for planning and tracking schedule information, find the critical path for a project, and describe how critical chain scheduling and the Program Evaluation and Review Technique (PERT) affect schedule development.

Describe how project management software can assist in project time management and review words of caution before using this software.

Explain how you would organize your personnel to accomplish the project management goals. Using the bullets below, explain how you would train your teams to address the following tasks.

Understand the importance of project schedules and good project time management.

Define activities as the basis for developing project schedules.

Describe how project managers use network diagrams and dependencies to assist in activity sequencing.

Explain how you would approach cost estimation and what tools you would use?

Examine how resources, quality, and communication can affect project management.

Understand the importance of project cost management.

Explain basic project cost management principles, concepts, and terms.

Reference no: EM13916925

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