Chapter 7
Project Cost Management
Project cost management is a traditionally weak area of IT projects, and project managers must work to improve their ability to deliver projects within approved budgets. Project Cost Management has three main processes which include:
- Cost estimates are the process that manager should take it seriously if they want to complete projects within budget constraints. It’s important to know the types of cost estimates, how to prepare cost estimates, and typical problems associated with IT cost estimate.
-Cost budgeting involves allocating the project cost estimate to individual work items over time. The WBS is a required input to the cost budgeting process since it defines the work items.
- Cost control, An important goal is to produce a cost baseline. Many organizations around the globe have problems with cost control, because it monitors all the other cost listed above.
Chapter 8
Project Quality Management
Project quality management ensures that the project will satisfy the needs for which it was undertaken. It has these main processes:
- Quality planning identifying which quality standards is relevant to the project and how to satisfy them.
- Quality assurance periodically evaluating overall project performance to ensure the project will satisfy the relevant quality standards.
- Quality control monitoring specific project results to ensure that they comply with the relevant quality standards.
Chapter 9
Project Human Resource Management
Project human resource management includes the processes required to make the most effective use of all the people involved with a project. There exist three main processes in project human resource.
These three processes are:- acquiring the project team, developing the project team, managing the
project team.
Chapter 10
Project Communications Management
Project communication management is very important as one of the greatest assests of an organization i sgood communication skills between its workers. Time is of the essence in IT projects and as such any time wasted due to miscommunication can lead to severe impacts in other areas. The goal of project communications management is to ensure timely and appropriate generation, Collection, dissemination, storage, and disposition of project information. It includes the following process:
Communications planning
Information distribution
Performance reporting
Managing stakeholders
Chapter 11
Project Risk Management
Risk are inevitable in life, and as such any project manager should have this in mind and allocate time and resources to fend risks off or at least prepare just incase, as they say “prevention is better that cure. Project risk management is the art and science of identifying, analyzing, and responding to risk throughout the life of a project and in the best interests of meeting project goals. In project risk management there are 6 processes to follow:
Risk management planning
Risk identification
Qualitative risk analysis
Quantitative risk analysis
Risk response planning
Risk monitoring and control.
Chapter 12
Project Procurement Management
Project procurement management involves many process as follows:
Planning purchases and acquisitions
Planning contracting
Requesting seller responses
Selecting sellers
Administering contracts
Closing contracts
From all those processes project procurement management involves acquiring goods and services for a
project from outside the performing organization.
