Module Five - Managing Change Projects Flashcards
What are the 4 things companies taking on large projects need
- Time tracking 2. Cost reporting 3. Completion estimates 4. SMT Visability
What can a company be accused of if promising change projects will deliver
Misleading shareholders
What are the 3 tiers to companies managing large projects
- Related Projects 2. Group into a Stream 3. Streams create a programme
What module should project teams use
PrMS
What is PID
Details the scope of work - it is the project bible, the blue print and should be reviewed throughout the project
What 4 stages are followed once a change has been agreed
- Business Case 2. PID Outline 3. Detailed CTR Estimates 4. Detailed PID
What is CTR and what is it for
Cost Time Resource - Planning, estimation and control of these three elements
What is a collection of CTR sheets called
A Work Package
What are the seven elements of the CTR
- Task 2. Scope 3. Earned Value 4. Start & End Date 5. Cost Code 6. Schedule Ref 7. Quality Checks
What is REM and what is it for
Risk Evaluation and Management - Estimating risks and having contingency plans for them with resolution where possible
What are the three classifications of risk
- High 2. Medium 3. Low
What can medium high and low also represent in risk
Their probability
What does CCM stand for and what is it for
Change control and management - if changes are needed in the middle of the project this is how they are managed so they can be signed off
What does TQM and VFM stand for and what are they for
Total Quality Management and Value for Money - To add frameworks to enable discipline and awareness around the project. Everyone needs to be responsible
What 6 factors does TQM ensure
- Fit for purpose 2. Complete 3. Clear 4. Consistent 5. Compliant 6. Auditable
