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Yes, the influence curve is relevant in project management as it illustrates how stakeholders' influence and interest can change over the project lifecycle. Understanding this curve helps project managers identify key stakeholders, anticipate their needs, and manage their engagement effectively. By aligning stakeholder involvement with project phases, managers can mitigate risks and enhance support, leading to better project outcomes. Ultimately, it facilitates proactive communication and relationship management throughout the project.
What else can I help you with?
What is a project pain curve?
The pain curve tell that proper planning is painful but pays off in less pain later in the project. whereas absence of planning in the start exposing to pain which gradually increases & may reach unbearable levels.
What are the pros and cons of management using the experience curve to determine strategy?
to cut the fat from the fatty and then aloot fattooo
What is Earned value management?
Project Management involves management of three variables in a project - cost, time and performance (sometimes cited as quality or scope). Conventional managerial models such as Gantt Charts and CPM/PERT Networks consider modelling project in terms of time alone. Earned value management is an attempt to integrate cost and time variables into professional project management. The essence is to represent value (in terms of cost of project) against time of execution as a graph called planned value curve during planning of a project. Thereafter during actual execution, the actual value of work completed is plotted on the requisite intervals of time to get what is called an Earned Value curve. A comparison of earned value and planned value curves along with a similar plot of actual cost versus time, throws considerable light on project delays and cost over-runs. Of course, there are many images and formulae that need to provided to elucidate the concept, but much information of that sort is available on the net. You may prefer to read the wikipedia pages, with this background. Earned Value Management (EVM) is a project control process based on a structured approach to planning, cost collection and performance measurements. It facilitates the integration of project scope, time and cost objectives and the establishment of a baseline plan for performance measurement (schedule, progress and budget). EVM focuses on useful work done and not just on money/time spent. It effectively measures the efficiency of the work in progress and provides an indication of likely out turns by facilitating trend analysis techniques. A by-product of the technique is that to measure progress, tighter controls are usually required and this usually means projects are better managed. Beware EVM requires considerable administrative organisation and effort in order to implement (new/modified processes and computer systems) and the collect the data. EVM takes a holistic view of the project, so over-performance in one area may well hide under-performance in another. In summary the benefits of EVM are that it gives repeatable answers (how well a project is doing, how will it will do, how well it could do and identify areas of under achievement), provides reliable information to aid decision making, provides data for future estimates of similar work and helps the development of standard curves to assist with target setting for future projects. The equations for EVM have not been mentioned, and if readers want to find out more, then they should investigate concepts such as Budgeted Cost of Work Schedule (BCWS), Actual Cost of Work Performed (ACWP), Schedule Performance Index (SPI) and Cost performance Index (CPI) to name but a few.
What is earning management?
Project Management involves management of three variables in a project - cost, time and performance (sometimes cited as quality or scope). Conventional managerial models such as Gantt Charts and CPM/PERT Networks consider modelling project in terms of time alone. Earned value management is an attempt to integrate cost and time variables into professional project management. The essence is to represent value (in terms of cost of project) against time of execution as a graph called planned value curve during planning of a project. Thereafter during actual execution, the actual value of work completed is plotted on the requisite intervals of time to get what is called an Earned Value curve. A comparison of earned value and planned value curves along with a similar plot of actual cost versus time, throws considerable light on project delays and cost over-runs. Of course, there are many images and formulae that need to provided to elucidate the concept, but much information of that sort is available on the net. You may prefer to read the wikipedia pages, with this background. Earned Value Management (EVM) is a project control process based on a structured approach to planning, cost collection and performance measurements. It facilitates the integration of project scope, time and cost objectives and the establishment of a baseline plan for performance measurement (schedule, progress and budget). EVM focuses on useful work done and not just on money/time spent. It effectively measures the efficiency of the work in progress and provides an indication of likely out turns by facilitating trend analysis techniques. A by-product of the technique is that to measure progress, tighter controls are usually required and this usually means projects are better managed. Beware EVM requires considerable administrative organisation and effort in order to implement (new/modified processes and computer systems) and the collect the data. EVM takes a holistic view of the project, so over-performance in one area may well hide under-performance in another. In summary the benefits of EVM are that it gives repeatable answers (how well a project is doing, how will it will do, how well it could do and identify areas of under achievement), provides reliable information to aid decision making, provides data for future estimates of similar work and helps the development of standard curves to assist with target setting for future projects. The equations for EVM have not been mentioned, and if readers want to find out more, then they should investigate concepts such as Budgeted Cost of Work Schedule (BCWS), Actual Cost of Work Performed (ACWP), Schedule Performance Index (SPI) and Cost performance Index (CPI) to name but a few.
Role of a team leader in a quality department in bpo?
A team leader role in quality department is very important. The team leader should enhance his team's productivity, and he can judge team members' positive and negative points and help them to bring them on a perfect curve.
What are the influence of marginal rate substitution on indifference curve?
the two difference of curve is radios
What is another name for the s-curve?
Another name for the s-curve is the logistic curve. It describes a growth pattern characterized by an initial slow growth phase, followed by rapid growth, and then leveling off as it approaches a maximum capacity. This model is commonly used in various fields, including biology, economics, and project management, to illustrate processes that are constrained by limits.
What are the pros and cons of management's using the experience curve to determine strategy?
Management's use of an experience curve could help them avoid costly risks. However, repeated actions must be performed in this management style which could push production efforts back.
How do you prepare S curve for the project?
To prepare an S-curve for a project, first, define the project timeline and key milestones. Then, gather data on the planned budget and schedule, breaking down the project into phases or tasks. As the project progresses, plot the cumulative costs or progress against time on a graph to visualize the project's performance. This allows for easy comparison of actual versus planned progress, helping to identify any variances and manage project performance effectively.
What is a project pain curve?
The pain curve tell that proper planning is painful but pays off in less pain later in the project. whereas absence of planning in the start exposing to pain which gradually increases & may reach unbearable levels.
What is mass curve?
I don't know, please
How does a production possibilities curve illustrate how efficient an economy is?
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
What is it that causes a production possibilities curve to shift outward or inward?
Improvement of management efficiency.
What are the primary factors influence shape of a complexometric titration curve?
The primary factors that influence the shape of a complexometric titration curve include the stoichiometry of the metal-ligand complex formation, the equilibrium constants associated with complex formation, and the pH of the solution. These factors determine the composition and stability of the complexes formed during the titration, which in turn affect the shape of the curve.
What do points below the curve represent Above the curve?
Points below a curve on a graph typically represent outcomes or values that are less than what the curve predicts or indicates. In contrast, points above the curve signify outcomes that exceed the predictions made by the curve. This can be particularly relevant in contexts like economics, where curves may represent supply and demand, or in statistics, where they might illustrate expected versus actual results. Overall, the position of points relative to the curve provides insight into performance or deviations from expected trends.
How does the rotation of the earth influence wind?
The influence of earths rotation is called the Coriolis effect. The coriolis effect causes wind to curve instead of going in a straight line.
What are the pros and cons of management using the experience curve to determine strategy?
to cut the fat from the fatty and then aloot fattooo
