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The shortest time estimated to complete a specific project task or activity is known as optimistic duration. PerformanceMeasurement Baseline. This creates a point of comparison of all the other baselines to evaluate projectperformance. Cost Estimation. QCD stands for Quality, Cost, Delivery.
Take for example the deployment of an ERP system, the installation, and startup of a process control system, the release of a suite of embedded software controllers for a car, aircraft, petrochemical plant. A recent survey of 600 firms indicated that 35% of them had at least one "runaway' softwareproject. Programmatic ?
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.
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. Bottom-up Estimating: Another term for Analytical Estimating.
Melanie: Jeff is currently the Training and Development Manager for Edwards Performance Solutions. As such, he oversees the production and maintenance of courses on project management, systems engineering, softwaredevelopment, business process improvement, and cyber security. Jeff, a big MPUG welcome back.
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