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Project Management Formulas Earned Value An Overview Pm Knowledge Center

project management formulas earned value an overview pm knowledge center tasks tools system

Topic : Project portfolio management.

Category : Free Project Management.

Author : Imogen Kneebone.

Published : Fri, Jan 25 2019 :8 AM.

Format : jpg/jpeg.

While a project manager is a professional who plans and organizes resources and personnel. They must make sure they complete the project on time and within budget. They must also ensure that the project meets the requirements of the business. Project managers exist in all industries and every type of organization. They may be contractors, managers, employees, or independent consultants.

A project management is divided into 5 phases, including: 1. Project conception and initiation; Phase 2. Project definition and planning; Phase 3. Project launch or execution; Phase 4. Project performance and control; Phase 5. Project close.

The main function of a project management is to achieve all the smart goals of the project within the given restrictions.

Think of the last project you had to manage. What documents did you have to create at launch? There would be a project charter and a communication plan, of course. You’d have a broad project plan, a work breakdown structure, and a Gantt chart. You would also have a risk register and a plan to tackle all upcoming issues.

Examples of projects may include the construction of a new bridge or building or developing software for an improved business process. A relief effort for a natural disaster, or setting up a strategy to break into a new sales geographic market are also projects.

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