The level which contains all project related information. At every monitoring point the planned value (PV), earned value (EV) and actual cost (AC) are monitored. H�\��n�0E�|������=�J(R��R����8yH/9d���ܪ����p����f���oqhw~2�>tџ�Kl���c�Ei������g{j�,O�w���O�p��6�{. What are processes and process groups? If this activity does not load, try refreshing your browser. When activity scheduling is done there will be activities whose start time and/or end times are not critical. Scheduling is done from activities list prepared after WBS has been finalized. 4. After the members are collected as a project team there is a turmoil before everything settles down. This chain of activities or the path from start to finish is known as the critical path. Scope management, time and cost management knowledge areas are quite obvious. 25. Please describe yourself, your background briefly. Controlling the scope process must minimize scope creep. This is known as the forming-storming-norming-performing process. 0000001866 00000 n 0000008053 00000 n Alternatives analysis can be helped by brain storming, lateral thinking and pair-wise comparisons, etc. Unless he is a professional and has integrity there are many things that can go wrong. Project authorization is done on this document and a project would be initiated with the top level requirements listed in this document. 0000337800 00000 n To complete a project in all its aspects one needs to be aware of the project integration knowledge area. Not only all the activities in the path must be carried out in planned time, but also there cannot be any delays. 0000003024 00000 n Project baselines are the starting versions of all related plans of a project, be it the time schedule, the quality plan, the communication plan or whatever. It may be possible, due to dependencies, to start a task later than the date on the schedule, similarly an activity could be completed later as there are no other activity waiting for its completion. Acquiring the team, forming the team, assigning roles & responsibilities, appraisal policies, rewards & recognition are the areas where clear cut policies should exist and be well known to team members. These time pads are called floats. Direct and manage project execution and monitor and control are plans that are to be followed all through the project. PM is charged with managing all aspects of the project. It usually means balancing of the constraints of scope, budget, schedule, quality, risks and resources. 0000291896 00000 n 14. One could then determine mitigation actions for that risk. 49. Most detailed SOW are usually given by the customer if he is the one requesting the project. Please check your wording here – “Fast tracking is to make selected activities faster by applying additional resources if necessary. Process groups are a set of processes that are applicable to various stages of a project. Besides being a good professional manager, the PM needs to have additional personal skills for being effective. People like to be recognized for their contributions. Attitude, core personality characteristics and leadership qualities are needed. The communication needs of stakeholders depend on their position in the power/influence grid, power/interest grid as also impact/influence grid. 0000011628 00000 n ADO.NET Entity Framework Interview Questions, Microsoft OFFICE :- More Interview Questions, Equity Trading & Dealer Interview Questions, Computer System Analyst (Software) Interview Questions, DATA ANALYTICS :- More Interview Questions, Oracle Warehouse Builder Interview Questions, Business Intelligence :- More Interview Quetions, Administrative Assistant Resume & Cover Letter, Manufacturing Production Interview Questions, Top 50 Project Manager Interview Questions & Answers, Top 20 Microsoft Project Interview Question & Answers, Top 25 Executive Interview Questions & Answers, Top 50 Leadership Interview Questions & Answers, Top 23 Scrum Master Interview Questions & Answers, https://career.guru99.com/wp-content/uploads/2012/07/ID-10054992.jpg, https://career.guru99.com/wp-content/uploads/2013/08/logo-300x137.png. Estimate at completion (EAC) is estimated and compared with budget at completion. Through the integrated change control process. List of actions of potential actions are also included. %PDF-1.4 %���� What is EVM, earned value management? In this type of contracts the contractor gets paid for time used on the project and expenses for material used and other agreed upon expenses. 0000009008 00000 n 0000005630 00000 n A process is a defined way of doing things. 0000343604 00000 n It starts with a project charter development. Crashing and fast tracking are two methods of accelerating a project time schedule. It is the team that executes the project. There were three architects, six civil engineers and 47 construction workers in my team. Thus, whatever ensures products meet customer expectations are part of A efforts. Same goes for quality management too. 0000006095 00000 n Baselines are the final version of all plans before the project execution starts. This is a register/document that contains all the identified risks of a project. An example would be the creation of the Microsoft Surprise tablet that used a liquid magnesium deposition process to create the enclosure. Are there distinct kinds of activities in a project? 9.What to you understand by a project charter? 2. When the activity effort and resource estimates are known getting the work done depends on how the tasks are sequenced.