Extras Flashcards
Free float
Total you can move before it effects next activity
Total float
Maximum you can move before it effects project duration
Schedule how to build
PBS-WBS-WP-Estimation-Network diagram/ critical path- create schedule- GNATT chart
Resourcse allocation
Whats the task? What’s needed? What’s duration? Availability? Skill set-Speed.
Fixed in iterative move in linear
NPV
Is a technique used to check the viability of a project by brininging its financial worth back to days value. This will help it outline the attractiveness of an investment
Internal Return rate
Technique used for checking robustness against inflation looking at the yield and efficency.
Can use to compare projects and inform decisions
Cost
Committed- will spend
Accural being invoiced for
Actual- what it cost.
**building a kitchen
Risk plan
Initiate
Identify
Asserespone
Close
Issue
Log
Asess
Escelate / decision
Rlan
Track
Change
Request
Review
Asseses
Esclelat/ decision
Replan
Implement
Procurement
Make buy
Contracts
Reimbursement
Cost pot
Project
Risk
Change
Funding
Infrequent linear
Smaller frequent- timeboxes
Raci making
WBS- OBS- RACI
Accountable chain of command
Responsible do the work
Consulted SME’s
Benefit management
Identify
Definition
Planning
Tracking
Realisation
Identify possible benefits and disbenefits through workshop activity and shareholders
Definition
Use benefits profile to to capture info- baseline tgt measures,priority ownership, resources risk level scope timing
Planning, how to measure, ownership, roles and responsibilities, how to manage benefits dependencies. When how, how frequent are reviews and communications of measurements
Realisation is about embedding change and making sure off has transitioned to use the outputs. Need to document plans for long term realisation. Unseen benefits emergant need to cycle back to identification step.
