Project Management

Project Flow Chart Flow Charts represent relationships among the Activities and Tasks that make up a project process.  Uses: Determine...

Managing and Controlling Project Resources As the Project progresses, the Project Manager must acquire all the resources (human, machine and...

Tools & Techniques for controlling Quality All the Tools & Techniques are used for implementing Quality, specifically Fishbone, Pareto, Run...

Monitoring Project Schedule As the Project progress, activities are started and completed as per the Schedule Baseline.  Any delays may...

Project Execution The Planned Project Activities are executed to complete the Project Deliverables and the Project Objectives. Project Monitoring Tracking...

Project Quality Objectives Quality Objectives are the goals set for the Project Deliverables (products, services, and results) or its Processes. ...

Project Quality Management Basic Concepts Quality Management System (QMS) The system of creating and following organizational Policies and Procedures and...

What are project meetings? Project meetings are face-to-face or virtual meetings held to make decisions, respond to Stakeholder Requests, discuss...

Define project communication Project Communication is exchange of project information.  Purpose of project communication is to meet the communication needs...

Risk Management Steps Risk Identification -Planning Risk Analysis –Planning Planning Risk Response –Planning Implementing Risk Response –Executing Monitoring Risks –Mostly...

20 Major Concepts of Project Risk Management with Examples Risk Management It is the process of Identifying Risks, evaluating them,...

Cost Reimbursable Contracts Also known as Cost Plus (CP) contracts.  In Cost Reimbursable Contracts, the Seller is reimbursed for completed...

What is a Contract? A contract is a mutually binding agreement that obligates the Seller to provide the specified products,...

Reasons for Project Procurement Scarcity/Unavailability of in-house Competence Cost constraints Less Requirement (Cost Effectiveness) Time constraints Brand preference Project Procurement...

Conflict Resolution Conflicts on a Project are inevitable and need to be resolved in a timely manner and constructive way...

In Tuckman's model a team goes through five stages of growth on their way to becoming a cohesive and productive...

When to perform earned value analysis? Any time At Actual completion of Activities, Work Packages or at Actual Milestones (best)...

Precedence Diagram A Diagram in which Activities are represented as Nodes, linked by Arrows which represent sequence in which activities...

Tools for Project Resources Estimation with Examples Tools for Project Resources Estimation Rough Order of Magnitude (ROM) Estimation Analogous Estimation...

Project Scope Project scope is the combination of both product and non-product scope. Product Scope + Non-Product Scope = Project...

What is a Stakeholder? Anyone who affects or get affected in any way by an organization like organizational decisions, its...

Schedule compression techniques are used to bring project back on Planned Schedule (Schedule Baseline) by Fast Tracking or Crashing the...

Project Life Cycle The sequence of stages a project undergoes from its start till completion is considered as project life...

Thorough Definition of a Project with Examples A Project is a one-time venture undertaken to create a distinctive Product, Service...

List of 40 Activities for Network Diagram Project Here is the list of 40 activities to make a network diagram...