T5 Flashcards
Constraint
A restriction/limit which the project must comply with e.g. available budget for
project.
Risk
A factor which could delay the completion of the project e.g. meeting the budget.
Main Features of Project Management:
Allocating Resources, Managing the Budget, Scheduling and Monitoring the Projects Progress
Monitoring Projects Progress
All stages of the project must be planned; the project
manager must be constantly aware of how the project is progressing and respond immediately to
risk from the schedule and report it to management.
Scheduling
Key deadlines must be established and met or remedial action will be taken.
Managing the Budget
the budget must be allocated and continually checked to prevent going.
overbudget.
Allocating Resources
Hardware and software must be allocated to each stage of the project and used effectively
Gantt Chart
To display in graphical form, like bar chart with the start date and finish date of the
different elements/ activities of a project plotted against time.
CPA
A method or software tool which enables the project manager to plan the project’s schedule,
monitor the project’s progress and amend the scheduled if required.
Critical Path
The sequence of activities which must be followed to ensure the project is completed in the
minimum time.
Version Management
The monitoring of changes in a system during the development process and
operational life. Prevents two people amending the document at the same time. The development team
must all be working from the same version of the software/ document.