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Project Planning Essentials Guide

The document outlines key fundamentals of project management, focusing on scope, time, and finance management. It emphasizes the importance of a Work Breakdown Structure (WBS) for organizing tasks and managing resources effectively. Additionally, it covers budgeting techniques including top-down, bottom-up, and parametric estimates for project costs.

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Ahmed Mohamed Mahamoud
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5 views13 pages

Project Planning Essentials Guide

The document outlines key fundamentals of project management, focusing on scope, time, and finance management. It emphasizes the importance of a Work Breakdown Structure (WBS) for organizing tasks and managing resources effectively. Additionally, it covers budgeting techniques including top-down, bottom-up, and parametric estimates for project costs.

Uploaded by

Ahmed Mohamed Mahamoud
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Project

Management
PROJECT Fundementals
PLANNING Module Four
Prof. Thomas Davis
Project Planning

Scope management
Time management
Finance management
Scope Management
A. Product scope
Description of products and services to be delivered
Customer-oriented
B. Project scope
Description of work to be completed
Provider-oriented
Work Breakdown Structure
A hierarchical list of “work packages” and tasks
Benefits
Guidance for sequencing
Basis for accurate resource usage estimates
Identification of required services
Clarification of work hierarchy and interfaces
Help with delegation of tasks
Work Breakdown Structure Tasks

1. Work tasks directly related to project


2. Indirect work tasks
Planning and control
Stakeholder training
Communications and reporting
Procurement
End of project transition
Work Breakdown Structure Example
Time Management: Schedule Planning

Activity definition
Activity sequencing
Activity resource estimation
Activity duration estimation
Schedule development
Resource and Duration Estimation

Network diagram
Critical path
Gantt chart
Network Diagram with Critical Path
Finance Management: Budgeting

A. Comprehensive
Direct costs
Indirect costs
Shared services
B. Detailed
Based on specific activities
Structured in “drill-down” format
Budget Structure

Top-down estimates:
start with total project cost
Bottom-up estimates:
start from task costs
Parametric estimates:
based on statistics and data
Bottom-up Budget Example
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