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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: Project, Planning, Tool, Stakeholder, Information, Output, Integerate, Sum, Contract, Skill, System
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4.7.4 Tools and Techniques for SDP
On a construction project being done under a lump-sum contract, the professional cost engineer will make a major contribution to the profitability objective during proposal preparation when the contract amount is being determined. On a project where staffing is defined in advance, the individual contributors may contribute significantly to meeting cost and schedule objectives by reviewing duration and effort estimates for reasonableness.
4.7.5 Outputs from SDP
performing activities and meeting milestones identified in the project plan. The project plan and schedule should be distributed as defined in the communications management plan (e.g., management of the performing organization may require broad coverage with little detail, while a contractor may require complete details on a single subject). In some application areas, the term integrated project plan is used to refer to this document. A clear distinction should be made between the project plan and the project performance measurement baselines. The project plan is a document or collection of documents that should be expected to change over time as more information becomes available about the project. The performance measurement baselines will usually change only intermittently and then generally only in response to an approved scope of work or deliverable change.
4.7.6 SDP Execution
Project plan execution is the primary process for carrying out the project plan the vast majority of the project’s budget will be expended in performing this process. In this process, the project manager and the project management team must coordinate and direct the various technical and organizational interfaces that exist in the project. It is the project process that is most directly affected by the project application area in that the product of the project is actually created here. Performance against the project baseline must be continuously monitored so that corrective actions can be taken based on actual performance against the project plan. Periodic forecasts of the final cost and schedule results will be made to support the analysis.
4.7.7 Inputs to SDP Execution
4.7.8 Tools and Techniques for SDP Execution