GMS 450 Study Guide - Midterm Guide: Failure Mode And Effects Analysis, Function Point, B Unit
8 Dec 2013
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Project- nonroutine one time effort limited by time budget resources and performance. It has established objective, specific deliverables, due date, importance of pm- many tasks are not business as usual, need to assign responsibility/authority pm tecniques used for achieving strategic goals, manager as facilitator or supervisor. Chapter 1- budget quality attributes (time cost scope) reqirement, achieving routine goals, improve project effectiveness, organic virtual projects, handling quasi projects. slowor start slow then rapid finnish. 4 phases initiation, planning/development, execution(implementation), closeout (terminate). 4. train customer, transfer document, evaluation, lesson learned, financial methods payback period. Outflow/inflow = pbp discounted cash flow npv = -i + sum (netcash in period/(1+k)^period k = discount/rate of return. Future opportunity analysos buy or make/insource or outsource. Average annual rate of return = return/(capital^1/#of years) 1 internal rate of return interest rate that makes npv = 0 scoring methods unweighted 0-1 factor method scores are obtained. Disqualifies criteria = 0 weighted scoring = weight * score.
