we will concentrate on the more recent historical evolution of the Quality Movement and the era of Total Quality Management (TQM). . . . → Read More: History of Total Quality Management (TQM)
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Potential Monitor and Control Project Work: Outputs .1 Recommended Corrective Actions Corrective actions are documented recommendations required to bring expected future project performance into conformance with the project management plan. .2 Recommended Preventive Actions Preventive actions are documented recommendations that reduce the probability of negative consequences associated with project risks. .3 Project Forecasts Project forecasts include estimates or . . . → Read More: Monitor and Control Project Requirements Monitoring and Controlling Project Work The Monitor and Control Project Work process is performed to monitor project processes associated with initiating, planning, executing, and closing. Corrective or preventive actions are taken to control the project performance. Monitoring is an aspect of project management performed throughout the project. Monitoring includes collecting, measuring, and disseminating performance information, and assessing measurements . . . → Read More: How to Monitor and Control Project Work Developing a Project Management Plan Training Online Introduction Project Management Plan development requires an iterative process of progressive elaboration. The project manager will revise and update the plan as research and planning reveal more information and as the project develops. For example, an initial Project Management Plan may describe a broad overview of what the project entails, what the . . . → Read More: How to Develop a Project Management Plan How to Develop a Preliminary Project Scope Statement Once the project charter has been created along with the project statement of work, the project management team must then create and develop the project scope statement. The project scope statement defines what the project will accomplish, create, and deliver. It defines the purpose of the project, . . . → Read More: Developing the Preliminary Project Scope Statement What is a Project Charter? The project charter is the document that formally authorises a project. The project charter provides the project manager with the authority to apply organisational resources to project activities. A project manager is identified and assigned as early in the project as is feasible. The project manager should always be assigned prior to . . . → Read More: How to Develop Project Charter Project Management Information Systems (PMIS) The PMIS is a tool that can help the project team to plan, schedule, monitor and report on a project. A PMIS is typically a computer-driven system (though it can be paper-based) to aid a project manager in the development of the project. A PMIS is a tool for, not a . . . → Read More: What is a Project Management Information System (PMIS)? Project Management Methodology Explained A project plan methodology is a structured approach to developing the project plan. Methodologies can be simple or complex and based on the project type, the requirements of the performing organisation, or multiple inputs. Organisations can use hard or soft tools to lead the project plan methodology. In its choice of hard tools, one . . . → Read More: What is Project Management Methodology? Calculating the Project Payback Period How long does it take the project to pay back the costs of the project? For example, the XYZ Project will cost the organisation $500,000 to create over five years. The expected cash inflow (income) on the project deliverable, however, is $40,000 per quarter. From here it’s simple math: 500,000 divided by $40,000 . . . → Read More: How to Calculate the Project Payback Period Here are Some Preferred Tips on How to Select a Project *This information is taken from the Certificate IV in Project Management course delivered online via LMIT 1. Project Selection Methods Project selection methods are used to determine which project the organisation will select. These methods generally fall into one of two broad categories: Benefit measurement methods that are . . . → Read More: Tools and Techniques for Selecting a Project |
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