Get Project Management, Planning and Control. Managing PDF

By Albert Lester (Auth.)

ISBN-10: 0080983243

ISBN-13: 9780080983240

Covering the foundations and methods you must effectively deal with an engineering or technical venture from begin to end, Project administration, making plans and Control is a longtime and broadly instructed venture administration instruction manual.

With transparent and certain insurance of making plans, scheduling and keep an eye on, that can pose specific demanding situations in engineering environments, this 6th version comprises new chapters on Agile undertaking administration and undertaking governance, extra real-life examples and up to date software program information.

Ideal for these learning for venture administration expert (PMP) skills, Project administration, making plans and Control is aligned with the newest undertaking administration physique of information (PMBOK) for either the venture administration Institute (PMI) and the organization of venture administration (APM), and contains questions and solutions that will help you attempt your figuring out. it's also up-to-date to check the newest BS 6079 commonplace for venture administration in construction.

  • Focused at the wishes and demanding situations of undertaking managers in engineering, production and development, and heavily aligned to the content material of the APM and PMI 'bodies of knowledge'.
  • Structured in accordance with the logical series of an immense undertaking, with a powerful specialise in making plans, scheduling, budgeting, and control-critical components within the administration of engineering projects.
  • Includes undertaking administration questions and solutions, compiled by means of a former APM examination assessor, that will help you attempt your wisdom and get ready for pro examinations.

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Extra info for Project Management, Planning and Control. Managing Engineering, Construction and Manufacturing Projects to PMI, APM and BSI Standards

Sample text

However, some methodologies like PRINCE call such a hierarchical diagram a product breakdown structure (PBS). The difference is basically what part of speech is being used to describe the stages. If the words used are nouns, it is, strictly speaking, a PBS, because we are dealing with products or things. If, on the other hand, we are describing the work that has to be performed on the nouns and use verbs, we call it a WBS. Frequently, a diagram starts as a PBS for the first three or four levels and then becomes a WBS as more detail is introduced.

If the parent package has a cost value of its own, this must clearly be added before the next stage of the process. 3, which not only explains the bottom-up estimating process, but also shows how the packages can be coded to produce a project cost coding system that can be carried through to network analysis and earned value analysis. The resulting diagram is now a cost breakdown structure (CBS). It can be seen that a WBS is a powerful tool that can show clearly and graphically who is responsible for a task, how much it should cost, and how it relates to the other tasks in the project.

50. The mathematical formula for calculating the NPV is as follows: If NPV r n B1, B2, B3, etc. NPV for year 1 for year 2 for year 3 = = = = = = = Net Present Value the interest rate number of years the project yields a return the annual net benefits for years 1, 2, and 3, etc. B1/(1 + r) B1/(1 + r) + B2/(1 + r)2 B1/(1 + r) + B2/(1 + r)2 + B3/(1 + r)3 and so on If the annual net benefit is the same for each year for n years, the formula becomes NPV = B/(1 + r)n . As explained previously, the discount rate can vary year by year, so the rate relevant to the year for which it applies must be used when reading off the discount factor table.

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Project Management, Planning and Control. Managing Engineering, Construction and Manufacturing Projects to PMI, APM and BSI Standards by Albert Lester (Auth.)


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