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Time sheets (to monitor effort/cost) and product's quality sign offs (to monitor actual progress).

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How do you write a project proposal?

Writing a Project Proposal is a 10 step process. I have added an article in the related links fully describing the process.


What is the meaning of managing risks?

In Project Management Terms: Risk Management is a process dedicated to identify, analyze, and respond to project risks.


What inputs do you use during the define scope process?

The Project Charter, Req Documents, Scope management Plan, Organizatioanl Process assets


What is oppritunity cost?

In the process of decision making between mutually exclusive projects any cost which is left due to selection of alternative project is called the opportunity cost. For Example: if a person select project a and have to loss 1000 due to selection of project a, or if person select project b and loss 2000 due to it then project a has an opportunity cost of 1000 while project b has 2000.


What are the strengths and weaknesses of risk management process?

The strengths are that a risk management process gets you thinking about the potential risks that may affect your project, so you can start thinking about mitigation's and taking proactive actions to help prevent them happening or try to limit the impact they may have on your project. You may never be able to completely limit risk. Another major strength out of risk management, is that it often allows you to think of opportunities to help improve your project. Risk goes hand in hand with opportunity. Some of the weaknesses of risk management are that people often only do it once at the start of the project and then forget about it during the project. They think that because they have followed the process their job is now done, and any future risk was unforeseeable and thus not their fault. A process is only as good as the people using it, and if you don't continue to use it, then it is not that effective. If not done appropriately, then you may be focusing your efforts on the wrong risks. You will never capture all the risks on the project, and assuming you can is misguided and you may feel that the risk management processes didn't help you and Project A, so why use it on Project B.

Related Questions

Which are examples of inputs to the monitor and control project work process?

Containers Contractors Environmental


How do the Direct and Manage Project Work process and the Monitor and Control Project Work process interact with each other?

The monitor and control project work process often generates change requests that, if approved, become inputs to the direct and manage project work process. work performance data, an output of the direct and mange project work process, is processed and work performance information becomes an input to the monitor and control project work process.


How do the direct and manage project work processes and the monitor and control project work process interact with each other?

The monitor and control project work process often generates change requests that, if approved, become inputs to the direct and manage project work process. work performance data, an output of the direct and mange project work process, is processed and work performance information becomes an input to the monitor and control project work process.


What are the outputs of the monitor and control project work process?

update to project baselines updates to project documents change requests project management plan


How are the monitor and control project work and perform integrated change control process linked?

Change requests generated as a result of monitoring and control activities become an input the Perform Integrated Change Control Process


How are the monitor and control project work and perform integrated change control processes linked?

Change requests generated as a result of monitoring and control activities become an input the Perform Integrated Change Control Process


In a project to boost the sales of a breakfast cereal which are examples of inputs to the monitor and control project work process?

- A prediction of future costs given the current trend of increased advertising costs -Data about all recent costs incurred for advertising -A report on the current status of achievements in sales so far


What is a difference between project metrices and process metrices in software engineering?

Process metrics are used to make strategic decisions about how to complete the common process framework activities. Project metrics are used to monitor progress during software development and to control product quality.


What things can you do to monitor and control the progress of a project?

Watch what's happening.


Why the project manager has to create a specification for the project?

in order to define the phases of project from initial process, Planning process, execution process, control and supervision process and close out process


What is the need of project monitoring?

What is Monitoring & Controlling?In general, monitoring means watching the course, and controlling means taking action to either stay the course or change the wrong course. You monitor the project by generating, collecting, and distributing information about project performance against the baselines. Performance reports are used to monitor and control the project work. Deviations of performance results from the plan might indicate that some changes to the original project plan are required. Other change requests might come from stakeholders, such as expanding the project scope by adding new requirements. You control all these changes by influencing the factors that generate them, processing them through a system called the integrated change control system that contains a process called the Perform Integrated Change Control process, evaluating their impact across the project, and ensuring the implementation of the approved change requests.In addition to the schedule activities that need to be executed, the project management plan also contains a list of risks and the risk management plan. You monitor the risks by looking out for the risk triggers (the alerts that tell you a risk has occurred or is about to occur) for the already identified risks and by identifying new risks as the project progresses. You control the risks by executing the risk response plan and taking corrective and preventive actions. Quality is an integrated part of any project. Therefore, monitoring and controlling the project work includes controlling the quality. All these aspects of the project are monitored and controlled by using two high-level processes that belong to integration management: the Monitor and Control Project Work process and the Perform Integrated Change Control process. This also includes administering the procurement part of the project, which is another high-level process by its virtue.


What is the need of projection?

What is Monitoring & Controlling?In general, monitoring means watching the course, and controlling means taking action to either stay the course or change the wrong course. You monitor the project by generating, collecting, and distributing information about project performance against the baselines. Performance reports are used to monitor and control the project work. Deviations of performance results from the plan might indicate that some changes to the original project plan are required. Other change requests might come from stakeholders, such as expanding the project scope by adding new requirements. You control all these changes by influencing the factors that generate them, processing them through a system called the integrated change control system that contains a process called the Perform Integrated Change Control process, evaluating their impact across the project, and ensuring the implementation of the approved change requests.In addition to the schedule activities that need to be executed, the project management plan also contains a list of risks and the risk management plan. You monitor the risks by looking out for the risk triggers (the alerts that tell you a risk has occurred or is about to occur) for the already identified risks and by identifying new risks as the project progresses. You control the risks by executing the risk response plan and taking corrective and preventive actions. Quality is an integrated part of any project. Therefore, monitoring and controlling the project work includes controlling the quality. All these aspects of the project are monitored and controlled by using two high-level processes that belong to integration management: the Monitor and Control Project Work process and the Perform Integrated Change Control process. This also includes administering the procurement part of the project, which is another high-level process by its virtue.