Scrambles

Independent Estimates - For many procurement items, the procuring organization may elect to have an estimate of costs prepared by an outside professional estimator if these estimates cannot be accurately created in house. Sensitivity Analysis helps to determine which risks have the most potential impact in the project.  It examines the extent to which the uncertainty of each project element affects the overall project objectives when all other uncertain elements are held at their baseline values. Earned value is the value of work performed expressed in terms of the approved budget assigned to that work for an activity or work breakdown structure component.  EV is often used to calculate the percentage completion of a project. Communications Management Plan describes how Project communications will be carried out on the project.  CMP contains information about the issue escalation process and the time frame for resolving issues. Request for Proposal (RFP) and Re...

A deliverable oriented WBS provides many benefits for a project team, including the following: Better communication to project sponsors, stakeholders and team members More accurate estimation of tasks, timelines and costs Increased confidence that 100% of the work is identified and included A foundation for the control of processes within the project Having a  good, deliverable-oriented WBS does not eliminate the need for a Scope Management plan. Additional articles:  http://project-pro.us/2010/07/12/benefits-of-a-deliverables-based-wbs/

Douglas McGregor proposed Theory X and Theory Y Motivation-Hygine theory Frederick Herzberg believed that the two aspects to the work environment are hygine and motivation. Hygiene factors are Policies, Adminstration, Working conditions, Salary, Status, Supervision, Security. Motivation factors are Achievement, Recognition, Growth, Advancement, Interest in the job, Job challenge. Maslow's Hierarchy of needs Physiological, Safety/security, Social, Esteem, Self Actualization ERG Theory : Existence, Relatedness, Growth McClelland's theory of needs: Power, Achievement, Affiliation Vroom's Expectancy theory Effort -> Job performance -> Rewards

1. Gyan Mudra (Mudra of Knowledge): Method: Touch the tip of the thumb to the tip of the index finger, with the other three fingers stretched out. Specialty: As it is a mudra of knowledge, it enhances the knowledge. The tip of thumb has centers of pituitary and endocrine glands. When we press these centers by index finger the two glands work actively. Time duration: There is no particular time duration for this mudra. You can practice by sitting, standing or lying on bed whenever and wherever you have time. Benefits: • Increases memory power and sharpens the brain • Enhances concentration and prevents Insomnia • If we practice it regularly, it will cure all psychological disorders like Mental, Hysteria, Anger and Depression 2. Prithvi Mudra (Mudra of Earth): Method: Tip of the ring finger touches the tip of the thumb, with the other three fingers stretched out. Specialty: It reduces all physical weaknesses. Time Duration: It has no particular time dura...

Dependency characterized by the following attributes: Mandatory or Discretionary Internal or external ----- Contingency Reserves: Contingency Reserves are the estimated duration within the schedule baseline, which is allocated for identified risks that are accepted and for which contingent or mitigation responses are developed. Contingency Reserves are associated with "known-unknowns". Contingency reserve may be a percentage of the estimated activity duration, a fixed number of work periods, or may be developed by using quantitative analysis method such as Monte Carlo simulation. ----- Management Reserves: Management reserves are a specified amount of the project duration withheld for management control purposes and are reserved for unforeseen work that is within scope of the project. Management reserve are intended to address the "unknown-unknowns" that can affect a project. Management reserve is not included in the schedule baseline of the proje...

PIM includes the processes and ativities to identify, combine, unify and coordinate the various processes and project management activities within the Project Management Process groups. Develop Project Charter The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. Key benefits:   well-defined project start and project boundaries   creation of formal record of the project   direct way for senior management to formally accept and commit to the project Project charter inputs for:     Plan Scope management, Collect requirements, Define scope, Plan Schedule management, Plan Cost management, Plan Risk management, identify stakeholders, Develop Project management plan. Authorized by the sponsoring entity.  Project manager participates in the development of project charter. Projects initiated by external entit...

Failure mode and effects analysis (FMEA) is a procedure in operations management for analysis of potential failure modes within a system for classification by severity or determination of the effect of failures on the system. Categories of Forecasting: ( http://en.wikipedia.org/wiki/Forecasting ) Time series method uses historical data as the basis of estimating future outcomes. Weighted moving average, Moving average, Kalman filtering, Exponential smoothing, Autoregressive moving average (ARMA), Autoregressive integrated moving average (ARIMA), Extrapolation, Linear prediction, Trend estimation, Growth curve Qualitative vs Quantitative methods Naive approach Casual / econometric forecasting methods Judgmental methods Artificial Intelligence methods Net Present value of Zero is Break-even, positive is profit and negative is loss. Quality Assurance department verifies the compliance of projects against the organization's defined policies and processes. This is a...