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PME Session 3 – Planning (continued)

Catch Phrase: Best Case Scenario does not exist!


Project Planning

Risk Management



Terms & Definitions:

•Bottom Up Estimating
•Top Down Estimating
•Rough Order of Magnitude
•Fast-Tracking Leads and Lags
•Direct & Indirect Costs
•Fixed & Variable Costs
•Materials List Management & Contingency
•Risk Strategies
•Qualitative Analysis
•Quantitative Analysis

Essential Steps and Outputs:

Work Breakdown Structure (WBS) Work_Breakdown_Structure_Template


Budget Work_Breakdown_Structure_with_Budget_and_Project_Work_Package_…

Risk Analysis Template

Risk Log


Other Tools:

Parking Lot, Burn Down Chart


Read PMBOK® Guide chapter 3, p. 43-58

Read Verzuh, chapter 5 and 6

Network Diagram Exercises Key

2 Comments leave one →
  1. Hossein Sorouri permalink
    January 26, 2011 11:28 am

    Hi Margaret:

    I think the critical path for network diagram #4 should be 20 days in lieu of 22 (path BCDEGI). Duration for activity H is listed as 2 days, your formula indicates 5. Please advise.

    • January 29, 2011 12:49 am

      Hossein, You are absolutely correct. Good eye. I have updated the key. Thanks for letting me know.

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