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Please find below a transcription of the audio portion of Fletcher Hearn’s session, ProjectPerformanceMeasurement – Part 3: Using MS Project to Track and Report on Performance, being provided by MPUG for the convenience of our members. This one’s titled using MS Project to track and report on performance.
Continuous Improvement The ongoing effort to improve a project process, product, or service to achieve better results. Cost Estimation The process of estimating projectcosts is done by leveraging historical data, expert judgment, or quantitative models. Feasibility Study An analysis of a project’s viability.
The Role of Project-Associated Functions These functions are the project knowledge areas indispensable for the seamless planning, execution, and control of projects. A guide to the project management body of knowledge (PMBOK Guide) (7th ed.). Project Management Institute. Project Management Institute.
Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project'scost and/or duration are calculated by adding the cost/duration of all its constituent activities. A CAPM is often a basic requirement for project management roles.
It justifies the project by describing its objectives and alignment with the organizations strategy. Creating stakeholder and leadership support for the project confirms its value and is critical to its success. The business case estimates the projectscosts and benefits. Visit Alans social media links to learn more.
Today’s PMI activity code, I’ll have up on the screen here in a minute. I mentioned the five star because I saw this event is up on PMI. Jeff: PMI took a stand back and said, you know what? A project is more organic in a lot of cases. You can see that up here on the slide. Jeff, a big MPUG welcome back.
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