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This preview shows page 1 out of 1 page. The five factors that can limit how fast a project can be completed are logical order, activity duration, resource availability, imposed dates, and cash flow. The logical order basically determines the order that the activities will be completed.
The most common type of logical dependency to determine the sequence of project activities is “finish-to-finish”. When developing a project schedule, total float (or slack) refers to the amount of time a schedule activity may be delayed from its early start date without delaying the project finish date.
What will happen to a project’s schedule if an activity on the critical path is delayed? The project’s schedule will slip only if the float / slack period for the noncritical activities is not enough to resolve the resource overload issue.
What is an advantage of using Monte Carlo analysis when estimating the duration for an activity? It can provide a great deal of information about how activity times may vary. A Gantt chart represents project schedule information in an easy-to-read, graphical format.
Identify project requirements. This document defines a project’s approach to requirements management, including the methodology that will be used for identifying, prioritizing, and tracking these requirements. The first step in generating a scope management plan is to compile the requirements management plan.
When would a predictive project life cycle be the preferred approach? When the product to be delivered is well understood. The time and cost are fixed but the scope is developed iteratively.
Depending on the organization in question and any overlapping between phases, various types of project life cycle can be defined: predictive or classic life cycles define the product and deliverables at the start of the project; iterative or incremental life cycles adopt an approach that gradually increases or expands …
Changes in requirements that occur in late phases can create significant changes to a project’s schedule and budget. As a result, any changes to the project scope are carefully managed. Predictive life cycles are best suited to projects that have easily defined, well understood deliverables.
A standard project typically has the following four major phases (each with its own agenda of tasks and issues): initiation, planning, implementation, and closure. Taken together, these phases represent the path a project takes from the beginning to its end and are generally referred to as the project “life cycle.”
Project Close Once all the details and tasks of your project are completed and approved by the client or project owner, you can finally close your project. This may seem like a formality, but the closing of a project is just as important as its initiation, planning, and execution.
The five major project management fundamentals that the systems analyst must handle are (1) project initiation—defining the problem, (2) determining project feasibility, (3) activity planning and control, (4) project scheduling, and (5) managing systems analysis team members.
Projects are divided into six stages:
The waterfall model is a sequential design process in which progress is seen as flowing steadily downwards (like a waterfall) through the phases of Conception, Initiation, Analysis, Design, Construction, Testing, Production/Implementation, and Maintenance.
By Jason Westland | Sep 22, 2020. In project management, a flow chart is a visual aid to understand the methodology you’re using to manage the project. The diagram shows the interdependent and parallel processes over the course of the project’s life cycle.
A flowchart is simply a graphical representation of steps. It shows steps in sequential order and is widely used in presenting the flow of algorithms, workflow or processes. Typically, a flowchart shows the steps as boxes of various kinds, and their order by connecting them with arrows.
Commonly Used Symbols in Detailed Flowcharts
This group consists of those processes performed to complete the work defined in the project management plan to satisfy the project requirements. Key outputs – Deliverables, Change Requests, Updates to the Project Plan, Quality Reports, Project Team Assignments, Updates to the Issue Log.
The following are the general steps in creating a flowchart:
A Gantt chart does not fall in the category of the flowchart as it is a bar chart. On the other hand, a flow chart is completely different from a bar chart. Let us explain them in details. Gantt charts are used to project the relation between the task and the time associated with it.
Steps to creating a process map
Finish what you start with these five steps.