#BASICS OF PROJECT MANAGEMENT IMPORTANT TOPICS
1.ALL FOUR LIFE CYCLES OF PROJECT
(IMPORTANT FEASIBILITY ANALYSIS WHERE VERY IMPORTANT FINANCIAL FEASIBILITY)
like when we use cash flow diagram we need to learn ARR AND PAY BACK PERIOD
when we use discounted cash flow use npv and irr
so all theory and numerical given in videos and notes important.
but there is problem and risk of analysis in starting so we use contingency fund how to analysis these risks by sensitivity analysis, scenario analysis, simulation analysis, break even analysis etc.
3.WORK BREAK DOWN STRUCTURE
4.NETWORK DIAGRAM (CPM AND PERT) all furmulas like average time normal distribution, early expected time(eot), latest occurrence time (lot), slack, total float, free float) (formula and numericals expected just check over video for numerical how to solve and how to learn formulas)
5.HOW TO DEFINE ACTIVITIES LIKE ACTIVITIE ON ARROW AND ACTIVITIE ON NODE (theoretical question expected)
6.CRASHING, RESOURCE SMOOTHING AND RESOURCE LEVELING (CHECK GS COMMUNITY at www.gateiespsuonline.com all defined properly because different books and authors define these differently
7 PROJECT Control METHODS OF MONITORING LIKE S CURVE.
AND ALSO VERY IMPORTANT EARNED VALUE ANALYSIS LIKE COST AND SCHEDULE VARIANCE
8. CLOSINGS, AUDIT, CONTRACT, TENDER.
IMPORTANT :Always we prefer vendor who provides work completion with lowest cost but this is wrong. (because deming quality guru suggested also check quality of work we not only buying product only also buying process so relation with vendors must be closed. and we need to categorized our vendors for our company.
1. approved vendors