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The Triple Constraint Cost Quality Schedule Within Available Resources Project Scope.

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Presentation on theme: "The Triple Constraint Cost Quality Schedule Within Available Resources Project Scope."— Presentation transcript:

1 The Triple Constraint Cost Quality Schedule Within Available Resources Project Scope

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3 Project Management Process InitiationPlanning ExecutionControls Closeout Source : PMBOK

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5 The Effects of Change on Cost Cost of Change Project Phases Project Completion Implementation Design Definition Concept

6 X OBS WBS X X X

7 R - RESPONSIBLE A - APPROVE S - SUPPORT (DOES THE WORK) I - INFORM C - CONSULT LEGEND SSSISSSSIS IDENTIFY POTENTIAL MARKET IDENTIFY SURVEY POPULATION DEVELOP SURVEY TEST SURVEY ON SAMPLE FINALIZE SURVEY CONDUCT SURVEY COLLECT SURVEY ANALYZE DATA REPORT RESULTS AND SUGGESTION CCRRRRRRCCRRRRRR RIIAIIARIIAIIA S R/S S RIIIIARIIIIA CUSTOMER TEAM MEMBER SENIOR MANAGEMENT SUPPORT STAFF PROJECT MANAGER MARKETING STUDY

8 bdacf g jieh jac fg i bde h

9 Logic Connection Activity A B C D E F G H I J

10 Precedence Diagram Method A B C D J E F G H I Arrow Diagram Method A B C D E F G H I J

11 Activity Name Float Duration ES EF LS LF E 4 B 1 F 3 J 1 I 2 G 2 C 3 A 2 D 1 H 1 3 7 5 9 2 3 7 8 3 6 4 7 0 2 2 5 5 7 7 9 9 10 2 3 3 4 5 6 8 9 2 1 1 0 0 00 0 5 3

12 Duration Time 10765432189 Activity ABCDEFGHIJABCDEFGHIJ 2 1 3 1 4 3 2 1 2 1 - Non-Critical - Slack/Float - Critical

13 Level of Detail Planning Time plus Experience Definitive Estimate : -5% to +10% Budget Estimate : -10% to +25% Order of Magnitude Estimate : -25% to +75%

14 Time L H Level of Risk

15 Negative Impact on Scope/Quality/Cost/Schedule (Risk Event Value) Probability of Occurrence 100% PRIORITY 2 RISKS (High Probability) (Low Impact) PRIORITY 1 RISKS (High Probability) (High Impact) PRIORITY 3 RISKS (Low Probability) (Low Impact) PRIORITY 2 RISKS (Low Probability) (High Impact) LowHighMedium 50% 0

16 Probability of Occurrence Negative Impact on Scope/Quality/Cost/Schedule (Risk Event Value) 100% PRIORITY 2 RISKS REACTIVE MEASURES PRIORITY 1 RISKS PREVENTION & REACTIVE MEASURES PRIORITY 3 RISKS MONITOR ONLY PRIORITY 2 RISKS REACTIVE MEASURES LowHighMedium 50% 0

17 Risk Worksheet Date of Last Review: Project Manager:Date: Project Title: Risk Description: Risk Priority:123(Circle the Priority) Probability %:Risk Event Value (REV): Expected Monetary Value (EMV): Impacts: Quality Schedule Cost Scope Preventative Plan (Proactive Plan):(For Priority 1 Risks) Contingency Plan (Reactive Plan):(For Priority 1 and 2 Risks) Date of Last Review:

18 Risk Identification Risk Quantification Response Development Risk Monitoring


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