If planning for any areas remains incomplete, then there may be issues such as quality, cost and schedule in a later phase. The organizations in this phase initially focus on the aspects of scope, risks, technology, cost and schedule.
It deals with Activity definition, sequencing, resource estimating, and duration estimating. It also deals with schedule development and control. 4. Project Cost Management: Includes processes concerning the cost constrains of the project.
Cost and budget control plan Budget control plan was developed to ensure that expenses do not exceed the funds allocated to the project. Budget control involves planning adequately for all the activities that require funds and other expenses.
The process problems under monitoring are cost, schedule, scope and change to plan, the control chart will provide indicators that show the process is not operating efficiently.
Schedule Control (http://www.tutorialspoint.com/pmp-exams/project_time_management.htm) Project Cost Management is "a group of processes required to ensure the project is completed within the approved budget" (http://www.tutorialspoint.com/pmp-exams
and for those involved with the project control function; you just need to have a sense that your baseline is useful for tracking schedule progress and for measuring project team productivity.
It is a key element in many businesses because this process has proven to be cost effective as outsourcing vital business processes provide the ability for companies to effectively reengineer those processes to capture new efficiencies.
Risk management planning, risk identification, monitoring and control, risk response planning; ? Schedule control, schedule development; ? Scope definition, change control, planning, verification, tools for project management; ?
• Selected controls • Required resources • Schedule for implementation Step 7: Implement selected control Implement control as per implementation plan CONTROL CATEGORIES 1.
573128 CCM and Project Management CCM and Project Management Discuss your ideas of how the flexibility inherent in the basic CMM model might be employed to improve the project management processes in your organization.