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Project Crashing

Tags: #ProjectCrashing

Transcript
Dev: BOSS, I WANTED TO GIVE YOU A QUICK HEADS UO ON THE PROJECT STATUS.

Boss: OK DEV, MAKE IT QUICK!

Dev: WE'RE ALREADY DELAYED ON THE PROJECT AND MANY RESOURCES WILL BE GOING ON LEAVE NEXT MONTH FOR CHRISTMAS AND NEW YEAR HOLIDAYS AND HENCE WE NEED TO ADD MORE RESOURCES NOW.

OTHERWISE, I DON'T THINK WE WILL MEET THE PROJECT DEADLINE. HENCE, SUGGESTING PROJECT CRASHING.

Boss: DEV, PROJECT CRASHING! WHAT IS THAT? I HERE SOME ALARM BELLS RINGING ALREADY!

Dev(Thinking): ALARM BELLS!? PROJECT CRASHING IS TO SALVAGE THE SINKING PROJECT. HOPE HE UNDERSTANDS THIS IS OUR LAST RESORT!

Project Crashing
It is schedule compression technique in which costs and schedule tradeoffs are analyzed to determine how to obtain the greatest amount of compression for the least incremental cost, for e.g. Overtime, hiring additional resources, etc.

Risk Asssessment

Tags: #RiskAsssessment

Transcript
Maya: BOSS, AS SUGGESTED I'VE DONE THE RISK ASSESSMENT OF THE PROJECT AND IDENTIFIED SOME UNFORESEEN RISKS AS WELL.

Boss: THAT'S GREATE! CAN YOU QUICKLY RUN ME THROUGH THOSE OVER THIS CALL?

BLAH...BLAH...BLAH!

Maya: SO GOING BY THE UNREALISTIC TIMELINES SET FOR THIS PROJECT, THE ONLY MAJOR RISKS ARE THE RISK OF LOSING MY SANITY AND RUNNING MY HEALTH.

Boss: MAYA, CAN WE TALK LATER! I HAVE JUMP TO ANOTHER CALL.

Risk Asssessment
Risk analysis involves examining how project outcomes and objectives might change due to the impact of the risk event.

Once the risks are identified, they are analysed to identify the qualitative and quantitative impact of the risk on the project so that appropriate steps can be taken to mitigate them.

Work Breakdown Structure (WBS)

Tags: #WorkBreakdownStructure(WBS)

Transcript
Boss is Discussing Project  With A ROOKIE PROEJCT MANAGER

Boss: HI TINA, HOW IS THE NEW PROJECT COMMING ALONG? HOPE YOU HAVE MADE WORK BREADOWN STRUCTURE FOR THIS PROJECT?

Tina: IT'S ON TRACK, BOSS. AND YES, WE HAVE CREATED THE W.B.S. FOR THIS PROJECT

Boss: HOPE IT IS BROKEN DOWN TO THE LEVEL.


Tina: YES BOSS, I KNOW THE IMPORTANCE OF TEAM BREAKS IN TODAY'S TIMES. I HAVE CONSIDERD IT APPROPRIATELY WHILE BREAKING DOWN THEPROJECT WORK.

Work Breakdown Structure (WBS)
WBS is a hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables.