Outline SIM335
Outline SIM335
Outline SIM335
Management of risks
Management of resources
Task management
Team management
Project planning, scheduling, and budgeting.
a b c e: 3+2+3+5 = 13
a b c f h: 3+2+3+8+6=22 (Critical path, 22 days)
a b d g: 3+2+1+2 = 8
Project 2:
a b d e: 3+5+4+5 = 17
a b d g: 3+5+4+2 = 14
a c f h j: 3+3+4+3+6 = 19 (Critical path, 19 days)
Project 3:
a b c e: 3+6+3+5 = 17
a b c f h j: 3+6+3+4+3+4 = 23 (Critical path, 23 days)
a b d g: 3+6+4+6 = 19
4. Importance of generating a project close-out report (4m - 103w)
In addition to serving as a record of the project's accomplishment, a project closeout
report may help you advance your project management methodology and techniques.
Assessing the project's goals, scope, timeline, budget, quality, risks, as well as
problems is possible with the creation of a project closeout report. You may also use it
to pinpoint the project's difficulties, best practices, and lessons discovered. The report
can also be used to give the project team as well as stakeholders feedback and
acknowledgment. Finally, it can document the project's advantages, results, and
effects in addition to suggesting courses of action and prospects for more initiatives.
5. Risk responses in Project Management (6m - 181w)
Developing plans to lessen or completely eradicate the threats and occurrences that
pose a risk is the focus of risk response. Additionally, risk response should allow for
the taking advantage of chances to raise the institution's level of performance.
- Avoiding is to fully remove a danger. It is advisable to weigh the advantages
and disadvantages of eliminating each danger as not all can be completely
eliminated and some can only be done so very expensively.
- Transferring is shifting the risk to another party, such an insurance company, is
known as risk transfer. Paying insurance premiums is something to do on a
regular basis; by contributing a modest sum each month.
- Mitigating is reducing risk to a manageable level. For most project managers,
mitigating risk is essential as it is sometimes impractical or prohibitively
expensive to totally eliminate it.
- Accepting: It is likely to choose to just take certain risks after weighing all the
options. In certain instances, the danger can be so little that investing money to
attempt to prevent or lessen it would not be wise.
Identifying stakeholders. 2
Collecting requirements. 6
Project Costing. 4
Project Budgeting. 2
Scheduling. 6