ENMA 301 Project Managnment Flashcards
(25 cards)
What are the Three essential considerations in project management?
Time (project schedule)
Cost (in dollars and other resources)
Performance (the extent to which objectives are achieved)
What are some types of Proposals?
RFP (Request for Proposal)
Proposal Manager
Budget for Proposal process
What is the management Proposal?
The management proposal discusses the company, its organization, its relevant experience, its management methods and control systems and describes the personnel proposed to lead the project
What is the technical Proposal?
The technical proposal outlines the design concept proposed to meet the client’s needs, with special emphasis on the approach planned to resolve the most difficult technical challenges posed by the project
What is the cost proposal?
The cost proposal not only includes a detailed price breakdown, but often also discusses aspects of inflation, contingencies and contract change procedures
What are the 5 Phases in Project Management?
Initiating Planning Executing Monitoring and controlling Closing
What is the Scope Statement?
- Scope is a statement that defines the boundaries of the project.
- It says what is going to be accomplished and what is going to be done.
- In Engineering this can be known as the Statement of Work.
In a Develop Detailed Plan, What does the Project Team do?
- Identify project activities
- Estimate durations
- Determine resources
- Construct network
What are some Project Planning Tools?
- Statement of work
- Milestone schedule
- Work breakdown structure
- Gantt charts
- Network scheduling systems
- Resource allocation methods
What is the Statement of Work (SOW)
- Describes exactly what is to be provided in the project
- Normally begins with the general scope of the work, then itemizes the tasks to be performed, the products or services to be delivered and the data or reports to be supplied
What is the Milestone Schedule?
Key dates for major project phases or activities
The Milestone schedule is essential for detailed planning
What is the Work Breakdown Structure?
- A product-oriented “family tree” of work effort that provides a level-by-level subdivision of the work to be performed in a contract
- Provides a common framework or outline
- Describe the total program / project effort
- Plan and schedule effort
- Estimate costs and budgets
- Support network schedule construction
- Assign responsibilities and authorize work
- Track time, cost and performance
What are Gantt Charts?
- Charts display progress of some set or sequence of activities or resources in the vertical dimension is plotted against time in the horizontal dimension
- Gantt charts are easy to understand and use
- They provide a good tool for managing small projects without an excessive number of tasks
- A chart showing only the major subdivisions of project activity is known as a Master Schedule
What things need must be stablished for Gantt Charts?
- The tasks needed to complete the project
- The precedence relationships of the tasks (which tasks must be complete before other specified tasks can begin)
- The expected duration of each task
What is the Network Scheduling System?
-Program evaluation review technique (PERT)
PERT is used in the aerospace industry
-Critical Path Method (CPM)
CPM is preferred in the construction industry
In Network Scheduling Systems, a network can be portrayed using what 2 graphical techniques?
the activity-on-arrow or the activity-on-node diagram
What doe the arrows represent?
represent activities or tasks, which have time durations and consume resources
What do the circles represent?
events, which indicate the start and/or end of one or more activities
What are dummy activities?
Dummy activities, shown by dashed arrows show a precedence relationship between events in an arrow diagram, and they consume neither time nor any other resource
What is the critical path?
The critical path is the longest path through the network, calculated by a computer software algorithm or by hand
What are Firm Fixed Price Contracts?
Agreed Product for a specific price
Buyer must assure that the specifications define clearly what has been purchased for the fixed price
What are Fixed Price with Escalation Contracts?
Firm Fixed Price except the contractor’s price can be adjusted for increases in specified labor and materials
Useful in construction work where industry wide union wage rates could change over the life of the contract
What are Fixed Price Redeterminable Contracts?
Can be adjusted later to reflect actual costs
What are Fixed Price Incentive Contracts?
Contractor and buyer share savings within a certain range, but establish a maximum cost for the buyer above which the contractor bears the total risk
