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Work Breakdown Structure (WBS) is one of the most important tools in Project Management. Understanding the project at a detailed level is the key to developing a roadmap to success. Remember that, by definition, projects in general are unique, complex, multi dimensional undertakings which require a variety of resources and a different set of management tools to monitor and control. Therefore understanding of a "one time event" is equivalent to being able to see into the future. Most large projects are usually entering uncharted territory which is why they carry so much risk. To mitigate this risk tools such as the WBS were developed to break the project down into smaller, more familiar or standard tasks which collectively add up to a new complex "project". Once the WBS has been broken down into smaller pieces of work it is then necessary to manage each of these smaller pieces the same way you would manage the project as a whole. In effect each work task is a "mini" project. Obviously it is easier to manage a small task which is only a few weeks in duration but when there are fifty or a hundred of these small tasks going on simultaneously is where the project management system must be ready. Organization structure and delegation of responsibility is key to being able to monitor and control large undertakings. Granting of authority and demanding accountability is a balance that many organizations struggle with. It is a difficult formula for success that is variable from project to project and organization to organization. Culture, politics, economy, environment, and technology are major variables that are often working against us. Project management tools have evolved over the years to mitigate these forces and gives us at least a fighting chance for success.
Would you plan at the top level of the WBS or the lower levels of the WBS? Why or Why not?
What would be the difference? Would you develop contingency plans at the work package level?
A project had a budget of $750,000 and was completed on time. The project expenses, however, were 15 percent more than what the project called for. What is the variance at completion for this project?
What are the different types or varieties of terminating a project? Explain when each type of project termination should be considered.
What training will be required if any, and what IT support will be necessary to maintain and sustain the dashboard
Critical path and critical project requirements could indeed be separate issues. This is why you need to determine Priorities (Constrain, Enhance, and Accept) as we discussed last week.
Implement IT project planning and selection techniques and apply the project management framework to IT projects within a global context;
Describe the process of doing a system of inquiry for codes of ethics. Make a system of inquiry to be employed in evaluating decision-making, problem solving, and behavior in the business setting.
it project managers1. what types of project staffing skills have been identified as important for successful it project
What are the four alternatives a project organization can adopt in deciding how to address and respond to its risks?
Briefly explain why the family is in need of the project and show the expected benefits that are motivating the family to commission this project.
What is involved in preparing a business case for a project?
Jackson Corporation is evaluating the following four independent, investment opportunities.
Show how project management principles were used to reach project goals in the face of adversity.
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