Project Management Fundas

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PM FUN-DAS (short for Project Management Fundamentals) is published every Wednesday. It demystifies and disseminates concepts around project management in a humorous way.

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# #Agile Approaches in Project Management #Benefit Realization Management #Benefits Realization Management(BRM) #Collect Requirements #Develop Project Management Plan #Importance of Periodic Audits #Importance of Project Documentation #Perform Integrated Change Control #PMI’s Pulse of the Profession #Project Communication Management #Project Communications Management #Project Human Resource Management #Project Integration Management #Project Management Approaches #Project Management Methodology #Project Manager Competencies #Project Managers Competecies #Project Requirements Management #Project Resource Management #Project Risk Management #Project Schedule Management #Project Scope Management #Project Stakeholder Management #Project Time Management #Role of a Project Manager #The Role of a Project manager

Project Schedule Management

Tags: #Project Schedule Management

Transcript

Dev : Boss, I know you are in a rush but wanted your quick advice on our project which may just run behind its planned schedule…

Boss : (Thinking..)

Dev : ..if we don’t take any corrective action Immediately. What do we do?

Boss : I have heard of Fast tracking and Crashing as schedule compression techniques…why don’t you try those?

Dev : But Boss, both techniques involve risks and also additional costs.

Boss : Have you come seeking my advice or tell me your “expert advice”?

Dev : Fast tracking could sidetrack the core issue and use of Crashing to compress schedule could ‘crash’ my project. What do I do?

Project Schedule Management
Both Crashing and Fast tracking are two techniques to be used as a last resort for performing schedule compression. Fast tracking involves the performance of activities in parallel, whereas Crashing involves additional resources to the project. However, there are potential increased costs and risks in both techniques that need to be taken into consideration before opting for any one of the two methods.

Collect Requirements

Tags: #Collect Requirements

Transcript

Boss: Team, thanks for being here on short notice. I called this kick-off meeting to start work on our new project plan.

Dev: But Boss, Jay our lead developer for this project is on leave. His input and presence in today's meeting is much required. Could we schedule this meeting for later?

Boss: Oh! Did I miss telling you all that I will be on vacation in the wild jungles of Africa in the coming days? And contacting me would be difficult, So let's wrap up the meeting today without Jay and his inputs.

Dev: Without Jay in the meeting, he will surely be walking on the wild side even after he comes back from vacation.

Collect Requirements
Collect Requirements is an essential part of any project and project management. It is the process of determining, documenting, and managing stakeholder needs and requirements to meet objectives. The key benefit of this process is that it provides the basis for defining the product scope and project scope.

Develop Project Management Plan

Tags: #Develop Project Management Plan

Transcript

Dev: Boss, this is the project management plan for our new project. I have outlined how the project will be executed, monitored and controlled, and closed.

Boss: The overall plan looks a little confusing. What's with the little red call-outs in between?

Dev: Oh, that's me raising the red flag. Once the plan is baselined and has to get updated due to the ever-changing project environment, a reminder that the plan can be changed only through perform Integrated Change Control process.

Develop Project Management Plan
In the plan, it is necessary to define at least the project references for scope, time, and cost, so that the project execution can be measured and compared and performance can be managed. Before the baselines are defined, the plan can be updated as many times as necessary. But once baselined, it may only be changed through the perform Integrated Change Control process.

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