Project Management 101

Conflict resolution

Turtle : Avoid
Bear: Accommodate
Shark: Compete
Fox: Compromise
Owl: Collaborate

Covey's Time Management Matrix

High Importance, High Urgency: PREVENT

Low Importance, Low Urgency: AVOID

High Importance, Low Urgency: PLAN

Low Importance, High Urgency: MANAGE


Project Management Fundamentals

Needs: RFI/RFP/SOW
Solution/Plan Definition: Charter (Goals, Objectives, Team, Stakeholders, Sponsors, Deliverables, Decisions, Risks, Assumptions) & WBS (defines Scope, Schedule/Time, Budget), Resources (allocation/assignment/leveling/balancing), Duration estimates/Dependencies (FS, SS, FF, SF), AON/Critical Path, Gantt Chart
Execute / Perform: Manage, track (variance to baselines, progress status, corrective action), control (PERT/CPM/EVMS), report, review.
Close-out. Document. Lessons Learned.

EVMS

Earned Value Management System is a quantitative methodology to track and control project progress by expressing project status in $ metrics.

Planned Value (PV) = Budgeted cost of work planned/scheduled

Earned Value (EV) = Budgeted cost of work performed

Actual Cost (AC) = Actual expenses of work performed

EV/PV = Schedule Index. EV - PV = Schedule Variance

EV/AC = Cost Index. EV - AC = Cost Variance




Project Management Fundametals

Triple constraint, iron triangle: Scope, schedule, budget: Quality & Performance
Plan the work, work the plan
If you dont know where you are going, you wont end up where you are going
Failing to prepare is preparing to fail
Plans are useless, but planning is indispensable - Eisenhower
Luck is where opportunity meets preparation
Pickle jar: task prioritization
Task dependencies, conditionalities, contingencies
Resource leveling & load balancing
Resource allocation & reassignment
Change control, risk management
PERT / EVMS
Waterfall v/s Agile / SCRUM project methodology

PERT / CPM

SMART Goals: Specific Measurable Attainable Relevant Timely