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Project Management

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19 November

Project Expected Monetary Analysis

  • Posted by AmeriCourses
  • Categories Project Management, Project Management
  • Comments 0 comment

Project Expected Monetary Value Analysis. Expected Monetary value analysis is a risk analysis tool in project management Example  Expected Monetary Valuation (EMV) is calculated as  P*I P stands for Probability I stand for Impact   Risk 1 : Probability =50% …

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17 November

Common Tools and Techniques of Project Management

  • Posted by AmeriCourses
  • Categories Project Management, Project Management
  • Comments 0 comment

The common tools and techniques of project managements can be grouped into four major categories These are data gathering, data representation, data analysis , interpersonal/team skills and decision making Data Gathering Tools and Techniques Interviews Focus groups checklists Brainstorming Benchmarking …

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05 November

Project Selection Methods

  • Posted by AmeriCourses
  • Categories Project Management
  • Comments 0 comment

There are five economic models to select a project. 1. Internal rate of return (IRR) 2. Payback methods 3. Cost benefit analysis 4. Present value 5-  Net present value   1. Internal rate of return (IRR) Internal rate of return …

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03 November

The Project Management Knowledge Areas

  • Posted by AmeriCourses
  • Categories Project Management, Project Management
  • Comments 0 comment

The project management areas describes project management knowledge and practice in terms of their component processes. These processes have been organized into nine knowledge areas, such as described below. Project Integration Management, describes the processes required to ensure that the …

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01 November

What is Project Management

  • Posted by AmeriCourses
  • Categories Project Management, Project Management
  • Comments 0 comment

Project management is the application of knowledge , skills, tools and techniques to project activities to meet project requirements. Project management is accomplished through the use of the processes such as : initiating, planning, executing, controlling and closing. The project …

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01 November

What is a Project

  • Posted by AmeriCourses
  • Categories Project Management, Project Management
  • Comments 0 comment

Projects are different from operations which are ongoing and repetitive. A project is temporary endeavor undertaken to create a unique product or service. Temporary means that every project has a definite beginning and a definite end. The end is reached …

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10 August

Decision, Decision

  • Posted by AmeriCourses
  • Categories Project Management
  • Comments 0 comment

For every dollar spent a decision has been made to spend it. On one level many decisions are more or less automatic. such as the decision to buy food . But the question of what kind of food to buy …

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