Albert Lester (Auth.)'s Project Management, Planning and Control. Managing PDF

By Albert Lester (Auth.)

Covering the rules and strategies you must effectively deal with an engineering or technical venture from begin to end, Project administration, making plans and Control is a longtime and commonly instructed venture administration guide.

With transparent and unique assurance of making plans, scheduling and keep watch over, which may pose specific demanding situations in engineering environments, this 6th variation comprises new chapters on Agile venture administration and undertaking governance, extra real-life examples and up to date software program information.

Ideal for these learning for venture administration specialist (PMP) skills, Project administration, making plans and Control is aligned with the most recent undertaking administration physique of information (PMBOK) for either the undertaking administration Institute (PMI) and the organization of undertaking administration (APM), and contains questions and solutions that can assist you attempt your realizing. it's also up to date to compare the newest BS 6079 average for venture administration in construction.

  • Focused at the wishes and demanding situations of undertaking managers in engineering, production and building, and heavily aligned to the content material of the APM and PMI 'bodies of knowledge'.
  • Structured in keeping with the logical series of a tremendous venture, with a robust specialize in making plans, scheduling, budgeting, and control-critical parts within the administration of engineering projects.
  • Includes undertaking administration questions and solutions, compiled by means of a former APM examination assessor, that will help you try out your wisdom and get ready for pro examinations.

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Additional resources for Project Management, Planning and Control. Managing Engineering, Construction and Manufacturing Projects to PMI, APM and BSI Standards

Example text

In other words, the project viability must be established. Project Viability Return on Investment (ROI) The simplest way to ascertain whether the investment in a project is viable is to calculate the return on investment (ROI). 4 7 the average return/year = Project Management, Planning, and Control. 00006-8 Copyright © 2014 Albert Lester. Published by Elsevier Ltd. All rights reserved. 71 % £10000 This calculation does not, however, take into account the cash flow of the investment, which in a real situation may vary year by year.

If the estimate is too high, the company may well lose the contract due to overpricing. As explained in the section on work breakdown structures, there are two basic methods of estimating: top down and bottom up. However, unfortunately in only a few situations are the costs available in a form for simply slotting into the work package boxes. It is necessary therefore to produce realistic estimates of each package and indeed the entire project before a meaningful cost estimate can be carried out.

5 shows a typical OBS for a manufacturing project such as the assembly of a prototype motor car. It can be seen that the OBS is not identical in layout to the WBS, as one manager or task owner can be responsible for more than one task. The OBS shown is typical of a matrix-type project organization where the operations manager is in charge of the actual operating departments for ‘pay and rations’, but each departmental head (or his or her designated project leader) also has a reporting line to the project manager.

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