“In my experience on ‘mega-projects’ the purpose of having a single location for all this information is to provide senior stakeholders with confidence that the project was progressing. Additionally it provides statistics e.g. the number of milestones achieved compared to the number that remained that can be used to demonstrate the overall status.
1. Problem Definition:
This blog has a reference of the previous W6 blog in which Grid Analysis had been chosen to figure out the alternative in investment. Using the same tender evaluation, Non Compensatory models is examined to select the best alternative and compare with previous blog’s result.
In the previous two blogs an SPC analysis was conducted on the Team Blog posting. The results illustrate that the Team blog posting is out of control. A team member conducted a survey on the difficulties on posting a blog each week. Warning letters were sent to several non-active members of the team in order to get them back to track. This blog will evaluate the reasons behind the blog posting delays.
In a previous project I have worked on, company had assigned me as a project engineer for an Front End Engineering Design + Detail Design project of a certain compressor to be used in a flare gas recovery system. Although, the project wasn’t considered a high value it was though considered a high profile project because it was the first of its type for my client.
For this weeks blog I will analyze the schedule compression methods used to help minimize the effects of the schedule overrun.
In a previous project I have worked on, company had assigned me as a project engineer for an EPC project of a certain compressor to be used in a flare gas recovery system. Although, the project wasn’t considered a high value it was though considered a high profile project because it was the first of its type for my client.
For this weeks blog I will analyze the schedule compression methods used to help minimize the effects of the schedule overrun.
1) Problem Definition
Building new training center and supposed to be complete in 10 months time with the budget of 500,000 Omani Rail. After Five months the project manager decided to measure the performance of the productivity, schedule and expenditure so the project manager decided to use Earn Value method to compare between planed project times and overspend according to the planed cost as per project schedule.
1. Problem Recognition
Net present value (NPV) in Excel 2010 will be used to analyze an investment decision and give company management a clear way to tell if the investment will add value to the company. Typically, if an investment has a positive net present value, it will add value to the company and benefit company shareholders.
1. Problem Definition
The team has been now in the 10th week of the project management program. In the first week we’ve posted about tuckman assessment after identifying in which stage the team is and what is the best leadership style to be adopted at the identified stage. The problem statement was to recognize the suitable leadership style at the stage where the team lay. According to the team survey result (using P80), the team was in performing stage. As per the weekly report the team now is behind schedule and overrun budget so same survey was conducted once again to know where the team is and find the suitable leadership style.
Many, of not all, projects are started with an allocated budget and as usual with projects, not all things get done on time. That situation causes the usual question, “Is there enough money left in the budget?” and, “Will we finish on time?” Earned value management is one of the best tools to help you answer these questions. The weekly blog posting project for TAKATUF team 2014 has been analyzed using the above tool to see where we are with respect to budget and schedule. Continue reading
W9_Hassan Albarrami_ (IRR)
In this blog I’m going to take the same case study (see W8 blog) but this time, IRR will be calculated for this project to See wither the project still a wise investment or not.
PMI-Oman 2014 