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Lesson

In: Business and Management

Submitted By twins
Words 556
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Week 1 Lessons
Chapter one of the text book went over the roles of stakeholders and the project manager and also went over the documentation needed though out the project. Chapter two was really informative because it was a refresher of the sub-processes of project management. This chapter outline that the initiating process (most important process) is the first process and this is where the scope is defined, which tell what is included and what is not included on the project. The next process is planning and it entails selecting the best way of getting the work done on time for the benefit of the customer. Executing process is next ad this step is where the physical work is actually done. Controlling process uses earned value analysis to create guidelines for the work performed in terms of cost and time. The closing process is where analysis is done and lessons learned are taken for future consideration and usefulness to similar and future projects.
This chapter also focuses on balancing the “triple constraint” of time, budget and scope. The main focus should be focusing on making sure the customer’s budget is balanced with the scope and that resources are allocated so that the work can be performed on time for the customer. It was also stressed that the project manager should be aware of where the project is in each process, this will help in the event that a problem arises and incremental planning has to be used.
Chapter three focuses on defining the scope of the project. The scope needs to be completed in order for the initiating process to complete.

Week 2 Lessons
This week’s readings covered estimating the cost and duration of a work package. After work packages are assigned they should be broken down into smaller parts so that they can be SMART, specific, measurable, attainable, real and time-oriented. To estimate work there needs to be an...

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