Resource leveling is a technique in project management that overlooks resource allocation and resolves possible conflict arising from
over allocation Resource smoothing is part of the resource leveling process. In itself, resource smoothing is the process that, not withstanding any constraints imposed during the leveling process, attempts to determine a resource requirement that is "smooth" and where peaks and troughs are eliminated.
It means to keep a careful check of project activities over a period of time. In project management, the term control is much more analogous to steering a ship .
Project Control
Cost control Cash Flow Analysis Schedule Control Material Management
Cost Control
Possible corrective actions could include:
Adding additional trade workers or crews Adding or removing equipment Working overtime Bringing in additional subcontractors
Schedule Control
Critical path - By definition, activities on the critical path will delay the entire project if they are delayed Physical progress can be compared with the financial progress to determine if the project is: on schedule or late over budget or under budget
This article is about the univariate normal distribution. For normally distributed vectors, see Multivariate normal distribution.
In probability theory, the normal (or Gaussian) distribution is a continuous probability distribution that has a bell-shaped probability density function, known as the Gaussian function or informally the bell curve
The standard deviation is kind of the "mean of the mean," and often can help you find the story behind the data
the variance is a measure of how far a set of numbers is spread out. It is one of several descriptors of a probability distribution, describing how far the numbers lie from the mean (expected value).
roject management processes
It might seem daunting when you realize that, as a project manager you are responsible for such a tremendous balancing act. However, this responsibility can be broken down into four manageable processes. They include: 1. Initiating and planning the project: Examine the big picture. Identify the project's milestones, deliverables, and tasks. Develop and refine the project schedule. Identify skills, equipment, and materials needed
The project management term action of monitoring and controlling processes refers specifically to those particular processes that are implemented by the project team and/or the project team leader for the sole and explicit purposes of taking a careful and thorough measurement of and to complete a through monitoring of the teams project execution to date. The purposes of the project teams implementation of monitoring and controlling processes include a retrospective view in hopes of potentially implementing corrective action in the event that any action of this type is deemed necessary
A subset of project management that includes the processes required to ensure that the various elements of the project are properly coordinated. It consists of: Project plan developmentintegrating and coordinating all project plans to create a consistent, coherent document. Project plan executioncarrying out the project plan by performing the activities included therein. Integrated change controlcoordinating changes across the entire project. Cost control and schedule control are two of the most important management functions in the construction industry. Major research efforts are focused on developing procedures for improving the effectiveness of cost and schedule control. As a result, researchers are concerned with the quality, integrity, and timeliness of data that flow through such control systems
Earned value management (EVM), or Earned value project/performance management (EVPM) is a project management technique for measuring project performance and progress in an objective manner. Because EVM has the ability to combine measurements of :
scope schedule and cost,
Many people and organizations are confused about the difference between quality assurance (QA), quality control (QC), and testing. They are closely related, but they are different concepts. But all these three are useful to manage risks of developing and managing software.
Quality Assurance: A set of activities designed to ensure that the development and/or maintenance process is adequate to ensure a system will meet its objectives. Quality Control: A set of activities designed to evaluate a developed work product.
A float shows time available for delaying an activity without delaying Finish Date of the Project. In other words, delay in some activity would not increase the project duration
THREE TYPES OF FLOATS INDEPENDENT FLOAT (IF) FREE FLOAT (FF) TOTAL FLOAT (TF)
A contract is an agreement between two or more parties that is intended to be enforceable. A contract may be created: * Orally; * In writing (including by electronic means or through a website); * By inference or conduct; or * By a combination of all or any of the above. Essential elements? For a binding contract to be formed there must be:
* An offer which is accepted and for which valid consideration is given; * An intention to create a legal relationship; and * Certainty of terms.
