Remove Cadence Remove Document Remove Monitoring Remove Project Cost
article thumbnail

Managing Project Assumptions and Risks

The IIL Blog

I have seen many projects derailed because assumptions were never documented or validated. Management Plans The project management plan is created at the beginning of the project and describes how the project will be executed. Constraints are things that limit our projects. Constraints also create risks.

article thumbnail

Managing Project Assumptions & Risks

Velociteach

I have seen many projects derailed because assumptions were never documented or validated. Management Plans The project management plan is created at the beginning of the project and describes how the project will be executed. Constraints are things that limit our projects. Constraints also create risks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Risk Management in Five Easy Pieces, with Apologies to Jack

Herding Cats

Managing Cost, Schedule, & Technical Performance Risk Is The Basis Of Good Project Management. Risk management is essential to the success of any significant project. Certain information about key project cost, performance, and schedule attributes are often unknown until the project is underway.

article thumbnail

Overview of the PMBOK® Guide Seventh Edition – Lesson 3 Transcription

MPUG

The planning, the executing, the monitoring, controlling, and hopefully you’re getting it right and refining and improving until bam, closing. That’s where all your documentation stuff is. But delivering as quickly as [inaudible 00:17:09], get it done right now, minimizing project costs, cheap, right?

PMI 59
article thumbnail

The Complete Glossary of 614 Project Management Terms

Workamajig

Bottleneck: In project management terms, a bottleneck is any constraint that restricts the movement of a process. With this approach, the project's cost and/or duration are calculated by adding the cost/duration of all its constituent activities. Bottom-up Estimating: Another term for Analytical Estimating.

article thumbnail

Compendium of Works to Increase Probability of Project Success

Herding Cats

The Value needs to show up at the planned time and for the planned cost of course, but it's the Effectiveness to solve a problem that is the core measure of Value. Parametric Project Monitoring and Control - Earned Value is an approach to Performance measurement for monitoring and controlling the progress of software development projects.