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PROJECT MANAGEMENT SUMMARY NOTES

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LATEST PROJECT MANAGEMENT SUMMARY NOTES ALL CHAPTERS QUESTION AND ANSWERS

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cost and quality. Project scope identifies the work content and the resulting product or
outcome of the project. Project strategy defines a general way how the project team may
achieve the project objective. Several alternative strategies may be developed to answer
What are we going to do? And How are we going to do it?
3. Planning phase: Plan in detail and identify project activities. Estimate the duration, resource
requirements and costs. Identify precedence relationships among activities. Specify
additional constraints, like min. or max. time lags between activities. Break down project
into working packages and into individual operations or activities. All information is listed in
Work breakdown structure (WBS).
4. Execution phase: Planning for project execution. Construction of a project base plan or
baseline plan or schedule. Temporal constraints are given by precedence relationships.
Temporal project scheduling. Resource constraints, amount of resources required must not
exceed resource capacity. Determine usage of different resources over time and
performance of tasks. Regularly checks if project is within budget.
5. Control phase: Execution, controlling and management of project. Measure actual progress
and compare it to planned progress. If project runs behind schedule, overruns budget or
violates other constraints, corrective actions must be taken.
6. Termination phase: Finish project. Completed project should not violate deadlines or
budgets. Do not compromise the project content. Present and document the results.
- Describe the differences between the four kinds of project management standards.
¥ There are De jure standards, de facto standards, special standards and maturity standards
¥ All standards provide suitable methods, tools, techniques and competencies. De jure and de
facto can be used by any type of organization and for any type of project
¥ De jure: provide guidance for the terms and processes in PM. Are the basis for the most de
facto and special standards. Can be used by any type of organization. Published by official
standard bodies, like ISO 21500 and DIN 69901 in Germany
¥ De facto: professional communities produce, discuss, cumulate and condense information and
experience in a so-called Body of knowledge or de facto standard. Members are PMI (PM
institute), International PM association (IPMA) and British office of Government (OGC)
¥ Maturity Models: for Project Excellence and OPM3
- Subject groups: Integration, Stakeholder, Scope, Resource, Time, Cost, Risk, Quality, Procurement,
Communication
- Process groups: Initiating, Planning, Implementing, Controlling, Closing
- Define the term integration management.
¥ PMBOK: Integration includes characteristics of unification, consolidation, communication, and
integrative actions that are crucial to controlled project execution through completion,
successfully managing stakeholder expectations, and meeting requirements.
¥ It is about making choices about resource allocation, making trade-offs among competing
objectives and alternatives, managing the interdependencies among the project management
subject group.
¥ Develop project charter, develop project plans, direct project work, control project work and
changes, close project phase or project and collect lessons learned.

Lecture 2: Scope Management
- Define the term project scope management.


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