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SCOPE DEFINITION
COST BUDGETING
RESOURCE PLANNING
COST ESTIMATING
SCOPE DEFINITION
subdividing the major project deliverables into smaller components
Work Breakdown Structure (WBS)
- a deliverable-oriented grouping of project elements that organizes & defines the total scope of the project
ACTIVITY DEFINITION
identifying & documenting the specific activities that must be performed to produce the deliverables identified in the WBS
Activity list - all activities which will be
performed on the project
ACTIVITY SEQUENCING
identifying & documenting interactivity dependencies
Precedence Diagramming Method (PDM) - also called activity-on-node (AON) Arrow Diagramming Method (ADM) - also called activity-on-arrow (AOA)
SCHEDULE DEVELOPMENT
analyzing activity sequences, activity durations, & resource requirements to create the project schedule
SCHEDULE DEVELOPMENT
Output:
*Supporting detail include such items as: cash flow projections order & delivery schedules resource requirements by time period
RESOURCE PLANNING
determining what resources (Ms) & what quantities of each should be used to perform project activities
RESOURCE PLANNING
Tools/Techniques: Expert judgment Alternatives identification
brainstorming (most common technique)
Output:
COST ESTIMATING
developing an approximation (estimate) of the costs of the resources needed to complete project activities
Input:
COST ESTIMATING
Tools & Techniques: Analogous estimating (top-down estimating) - using the actual cost of a previous, similar project as the basis Bottom-up estimating - estimating the cost of individual work items, then summarizing or rolling-up the individual estimates to get a project total
COST ESTIMATING
Output:
*Supporting detail should include: description of the scope of work estimated documentation of the basis for the estimate, i.e., how it was developed documentation of any assumptions made
COST BUDGETING
allocating the overall cost estimates to individual work items to establish a cost baseline for measuring project performance
COST BUDGETING
Tools & Techniques:
Output:
to manage project execution - includes the ff.: Scope statement, w/c includes the project deliverables & the project objectives