Critical path method
Dec23

Critical path method

Critical path method Critical Path : is a combination of activities that, if any are delayed, will delay the project’s finish date. Purpose of critical path method: 1. To calculate the project’s finish date. 2. To identify how much individual activities in schedule can slip with delaying project 3. To identify the activities with the highest risk that cannot slip without changing the project finish date. Float Calculation using CPM ●...

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Project selection methods
Dec19

Project selection methods

Project selection methods There are various project selection methods. They are divided in two categories Benefit measurement method Murder board Scoring model Peer review Economic model Constrained optimization method (Mathematical ) Linear programming Dynamic programming Integer programming Multi-objective programming Let’s have some introduction of  different project selection methods. Benefit cost ration (BCR): It is a ratio of...

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project management plan
Dec15

project management plan

project management plan   Project management plan is master plan for project. It is developed once project charter is approved. “Develop project management plan is process of documenting the actions necessary to define, prepare, integrate and coordinate all subsidiary plans. The project management plan define how the project is executed, monitored & controlled and closed.” It integrates all the knowledge area. It also include...

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Project Integration management
Dec12

Project Integration management

Project Integration management Project Integration management is main responsibility of project manager. Here project manager has to do high level of project work and balancing between different processes. As per PMBOK® “Project Integration management includes the process and activities need to be identify, define, combine, unify and coordinate the various process and project management activities within the project management process...

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pmp formulas
Dec10

pmp formulas

pmp formulas pmp formulas   Here is list for pmp formulas. PERT = (P+4M+O)/6 P = Pessimistic M= Most Likely O= Optimistic Standard deviation = (P-O)/6 Variance = {(P-O)}/6 Project PERT = Sum of PERT value of each task   Project Variance = Sum of variance of each task Normal distribution (sigma) 6 sigma = 99.99% 3 sigma = 99.73% 2 sigma = 95.46% 1 sigma = 68.26% No of communication channel = N*(N-1)/2 Here N is number of...

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Project Management Process
Dec08

Project Management Process

Project Management Process This article is going to brief about Project Management Process. You are going to find word “process” more frequently during study of PMP exam. It is most important word for project management professional (PMP) exam. Process is combination of input, tool& technique and output. You are going to manage your project with help of different processes. Input: This is known as an entry point of process. It can...

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