GNG2101 Lecture Notes - Lecture 12: Project Management Body Of Knowledge, Critical Chain Project Management, Project Charter
1 Nov 2016
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Finite (with specific purpose, defined start and end, specific deliverables) Usually has a sponsor (a concerned party) There are different ways of managing a project, the one you select depends on the project: Different methods are: plan-and-execute: waterfall, scrum (more modern, mostly used for software, other methods (prince2, process-based critical chain project management. Work plan: project definition, schedule (gantt chart) Estimated cost of each item and labour rate estimates x estimated hours. Expenditure curve (graph of money spent over time) A sum of money being allocated for something with a detailed breakdown. Used for forecasting purposes, controlling limited resources, provide insight and accountability. Contains all of the parts, components or material required to build an assembly. Works well for shorter projects and tuned for software projects. Deliver business value every 30 days with sprints . Each team member takes a feature from idea to implementation. Product owner leads team to the right product.
