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This presentation provides an introduction to project execution process, PM responsibilities and principles of risk management. In this subject will give so many information which can be helpful for engineers especially for civil engineers- and it helpful for you working live .
Purpose : To develop or purchase the product or service that the project was commissioned to deliver based on Project Management Plan
Activities in this group are: Direct and Manage Project Execution Perform Quality Assurance Acquire Project team Develop Project Team Information Distribution Request Seller Responses Select Sellers
In early phases, this is undertaking the actions required to complete the deliverables maybe the business case, or the user requirements. In later phases this becomes the biggest process, where the major project outcomes are developed and delivered. Assigning resources, communication and quality assurance are major parts of this process group.
The
Project Manager needs to provide managerial guidance to human resources, subordinates, and others ( including subcontractors) that will result in their effective, timely work
Project risk management does not deal with future decisions, but with the future of present decisions. With apologies to Peter Drucker
Identification
Mitigation
Technical
Legal
Response System
Data Applicatio ns
Impact Analysis
Response Planning
External Unexpected
Subject to Certainty
Mitigate
Avoid
Accept
Mitigation actions almost always affect the work, the budget, and the schedule!
Procurement (transference):
Contingency planning:
Insurance:
Total Cost
Activity Budgets
Reserves
Baseline
Specific Reserves
General Reserves
Total Cost
Activity Budgets
Hidden Reserve Baseline
Visible Reserves = 0
Cumulative Values
Actual Cost
Time
M (8)
Start
Q (10)
Target
?
B (9) L (17)
Promise
Estimating error one standard deviation Merge bias 10-15% of critical path General reserve and specific reserves use historical results
Taking into account risk management helps to avoid problems when they occur and reduce the harm and the work force is less sharply
At the heart of implementation must be focused on executing process, because it is the basis for the completion of the project The Project Manager is a guidance to project. Risks are always in the future. You can never eliminate all risk. Focus your attention on the most severe risks.