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Multimedia Project Management - CHAPTER 5 - Coggle Diagram
Multimedia Project Management - CHAPTER 5
Project Schedule
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Definition
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Project Scope
Identifies objectives of the project, what activities will be performed
Scope Document
Master schedule that identifies important dates and activities
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The importance
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Estimate what resources needed at any time & for how long
Offers guide for how the projects will progress
Compared between planned & actual project completion times taking into account approved changes in the project
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5 main processes in Project Time Management
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1. Planning schedule management
Process description
Reporting formats
Rules of performance measurement
Control thresholds
Level of accuracy & units of measure
Project schedule model development
2. Defining Activities
Identify specific actions that will produce project deliverable in enough detail, to determine resource & schedule
3. Estimating Activities Duration
The actual amount of time worked on
4. Developing the Schedule
Tools & techniques in developing schedule, such as:
Gantt Chart
Critical Path Analysis
Critical Chain Scheduling
PERT
5. Controlling the Schedule
Tools & techniques:
Data Analysis Tools
Critical Path Method
Project Management Information System
Resource Optimization
Cost Management
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Basic Principles of Cost Management
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Profits
Cash flow analysis
Tangible & intangible costs
Direct & indirect costs
Sunk cost
Learning curve theory
Reserves
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Definition of Cost
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Resource sacrificed/foregone to achieve specific object/given up something in exchange & measured in monetary units like '$'
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Cost Management Process
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Estimate Cost
Determine Budget
Control Costs
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Project Cost Management
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Two important documents:
Project schedule & project budget
throughout the Executing and Monitoring & Controlling processes
Two Authorized Budget:
Estimate Costs & Determine Budget