

Study with the several resources on Docsity
Earn points by helping other students or get them with a premium plan
Prepare for your exams
Study with the several resources on Docsity
Earn points to download
Earn points by helping other students or get them with a premium plan
Project Management is the art of maximizing the probability that a project delivers its goals on Time, to Budget and at the required Quality. This lecture handout was provided by Sir Debashis Koppale. It includes: Planning, Element, Scope, Output, Incorporate, Scope, Mutiple, Project, Decomposition, Level, Objectives
Typology: Study notes
1 / 3
This page cannot be seen from the preview
Don't miss anything!


4.7.4 Elements of SDP
Project Plan is iteratively defined through Concept & Requirements Phase. Initial estimates are refined as scope and requirements become clearer. There are two phases of project plan:
a) Scope Planning
b) Objectives – Business Requirements
c) Technical Approach
d) Contractual Aspects
Most other relationships are some kind of combination of these two
1. Cost-plus (also called Time and material)
Cost-plus is a contractual relationship where the developer is paid for the cost of the service provided and in addition is allowed an agreed profit margin.
This is rather like renting a car the customer pays for the time that the car is used (by the hour, day, week etc.), and for any other expenses such as insurance and gasoline.
2. Fixed price
A fixed price contract is a commitment by the developer to provide an agreed product or service for an agreed fee, within an agreed schedule.
This is similar to purchasing a bus ticket, when the bus company agrees to take the customer to a specific destination within a published timetable, and for an agreed fee.
e) Schedules
f) Resource Allocation