Has an in-depth overview of the Evaluation Process Group with systematic tools and techniques for assessing project performance. It is very crucial to understand various evaluation approaches and models to determine the effectiveness and efficiency of projects.
Describes a detailed and systematic evaluation system for Quality-at-Entry assessment (QAE) of a Project Proposal. The QAE process involves a review of all the key elements which may influence the project objectives, including its design, appropriateness of project content, realism of project management measures, risk management measures, etc.
Focuses on the Vulnerability assessment (VA) – the evaluation of an organizational and program or project’s financial management structures, work processes and vulnerability to fraud, waste, abuse, and mismanagement. Periodic VA testing is one of the several steps in risk analysis. The author also details VULNAS, i.e. interactive template checklist and judgmental rating system based on auditing guidelines.
Sheds light on the classic matrices, techniques and formulas for establishing targets for project indicators.
Concentrates on the Risk analysis and management, a vital part of project planning to drive a project to success. Dr. Smith provides abundant details on risk assessment metrices, activity time estimating, decision-tree analysis, benefit: cost analysis, cost: effectivenss analysis, and the Financial-Social-Political-Environment (FSPE) Index.
Talks about the authors’ developed/designed diagnostic tool and technique – “Smith Grid”. There is no magic formula to guarantee harmony in teamwork. However, to build effective Project Teams it is important to understand that all people are different and carry different personality types with their unique working styles.
Outlines the Logical Framework (Logframe) – a systematic tool consisting of a matrix which provides an overview of a project’s Goal/Objective, the purpose, the expected outputs, and the activities. It also captures the Glossary of terms that relate a Program’s and/or Project’s Deliverables with its Organizational Sponsor’s Strategic Vision & Mission.
Focuses on projects containing repetitive or iterative processes. The Line of Balance (consists of Production flow plan, an objective chart, and a Progress Status Chart) can plan and monitor such projects more efficiently, economically, and effectively.
Provides an overview of the EVM (Earned Value Management) with detailed discussion of Primary “Driver” indicators, “Derivative Indices”, “Derivative Values” and “Derivative Percentages” indicators. The author highlights some unique limitations of the monitoring and measuring project performance.
Primarily covers the historical journey of the Critical Path Method and the several related tools and techniques for planning, scheduling, monitoring, and evaluation. During the early 20th century, these tools and practices were used first by (or for) the U.S. Military, then subsequently honed for broader use. The top three are: Work Breakdown Structure (WBS), Gantt/Bar with Milestones Charts, and Critical Path Method. It is intriguing to see the growth from manual data computation, Plan-a-log kit in a suitcase, typewriters, Spirit and Ink copiers, IBM 7090, Fortran 4, Primavera, to MS Project. This chapter gives you an appreciation for the fact that Project Management has been around for a while and has progressed over time!
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