Weighted scoring models
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A tool used to evaluate the merits of all projects on as an equal basis as is
humanly possible
BAC
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The overall budget for entire project
ETC
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Estimate to Complete
From this point on, how much MORE do we expect it to cost to finish the
job?
ETC = EAC - AC or = (BAC - EV) / CPI
Earned Value
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is the budgeted amount for the work actually completed on the task during
a given time period or EV = (PV)*(percent complete). (BCWP).
Pareto Analysis
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Reported performance information represented in a bar chart that displays
by frequency, in descending order, the most important issues/defects
found or reported to aid the project manager in concentrating their efforts
on the most important events.
Also called the 80-20 rule, meaning that 80% of problems are often due to
20% of the causes
By displaying the frequency of issues, project teams can key in on the
problems that are occurring most often or are causing the biggest issues
for time and/or cost
Crowd sourcing
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picking the best solution
ethics
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beliefs regarding right and wrong behavior
Cost estimating
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developing an estimate of the costs and resources needed to complete a
project
Performance Reporting
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, involves the collection of all project and product related data and the
distribution of performance information to stakeholders.
Project related data includes information from all areas of the project
including: schedule, costs, quality, risks, human resources, and if needed
procurement.
The frequency of the reports (daily, weekly, monthly) is determined by the
type of report, size of the project and the importance of the project.
Human resource planning
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Identifying and documenting project roles, responsibilities, and reporting
relationships.
Exception reports
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exceptions, problems, risks
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identifying which quality standards are relevant to the project and how to
satisfy them.
Give this one a try later!
A tool used to evaluate the merits of all projects on as an equal basis as is
humanly possible
BAC
Give this one a try later!
The overall budget for entire project
ETC
,Give this one a try later!
Estimate to Complete
From this point on, how much MORE do we expect it to cost to finish the
job?
ETC = EAC - AC or = (BAC - EV) / CPI
Earned Value
Give this one a try later!
is the budgeted amount for the work actually completed on the task during
a given time period or EV = (PV)*(percent complete). (BCWP).
Pareto Analysis
Give this one a try later!
Reported performance information represented in a bar chart that displays
by frequency, in descending order, the most important issues/defects
found or reported to aid the project manager in concentrating their efforts
on the most important events.
Also called the 80-20 rule, meaning that 80% of problems are often due to
20% of the causes
By displaying the frequency of issues, project teams can key in on the
problems that are occurring most often or are causing the biggest issues
for time and/or cost
Crowd sourcing
,Give this one a try later!
picking the best solution
ethics
Give this one a try later!
beliefs regarding right and wrong behavior
Cost estimating
Give this one a try later!
developing an estimate of the costs and resources needed to complete a
project
Performance Reporting
Give this one a try later!
, involves the collection of all project and product related data and the
distribution of performance information to stakeholders.
Project related data includes information from all areas of the project
including: schedule, costs, quality, risks, human resources, and if needed
procurement.
The frequency of the reports (daily, weekly, monthly) is determined by the
type of report, size of the project and the importance of the project.
Human resource planning
Give this one a try later!
Identifying and documenting project roles, responsibilities, and reporting
relationships.
Exception reports
Give this one a try later!
exceptions, problems, risks
Give this one a try later!
identifying which quality standards are relevant to the project and how to
satisfy them.
