Part 5: SC Flashcards
is the application of knowledge, skills, tools, and techniques to a broad range of activities to meet the requirements of a specific project
Project Management
- Defines the project at a broad level.
- Begins with a business case to assess feasibility.
- Involves stakeholders’ due diligence to decide if the project is a “go.”
- Results in a project charter or Project Initiation Document (PID).
Project Initiation
- Focuses on developing a roadmap for the project.
- Involves setting goals using methods like S.M.A.R.T. and C.L.E.A.R.
- Defines the project scope, cost, quality, resources, and timetable.
- Establishes baselines for performance measures.
- Clearly defines roles and responsibilities.
- Documents created: Scope Statement, Work Breakdown Schedule (WBS), Milestones, Gantt Chart, Communication Plan, Risk Management Plan.
Project Planning
S.M.A.R.T.
Specific, Measurable, Attainable, Realistic, Timely/ Timebound
C.L.E.A.R.
Collaborative, Limited, Emotional, Appreciable, Refinable
Documents Created During Planning
- Scope Statement
- Work Breakdown Schedule (WBS)
- Milestones
- Gantt Chart
- Communication Plan
- Risk Management Plan
Defines business needs, benefits, objectives, deliverables, and key milestones.
Scope Statement
Visual representation breaking down project scope.
Work Breakdown Schedule (WBS)
High-level goals in the Gantt chart.
Milestones
Visual timeline for task planning.
Gantt Chart
Important for projects involving external stakeholders.
Communication Plan
Identifies foreseeable risks.
Risk Management Plan
- Resource plan assesses resources (labor, equipment, materials).
- Includes types and quantities of resources, roles, responsibilities, and skill sets
Project Resources
- Financial plan estimates money required for each project stage.
- Quantifies labor, equipment, and materials costs.
- Defines expense schedule for analyzing forecast versus actual spending.
Project Finances
- Identifies task completion timelines and responsible parties.
- Work Breakdown Structure (WBS) is essential for building a project schedule.
Project Schedule