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- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/07%3A_Monitoring_Controlling_Closing/7.03%3A_Qualitative_MonitoringBecause of the shape of the curve, the number of measurements within two standard deviations is 95.4%, and the number of measurements within three standard deviations is 99.7%. For example, if someone...Because of the shape of the curve, the number of measurements within two standard deviations is 95.4%, and the number of measurements within three standard deviations is 99.7%. For example, if someone said the average (mean) height for adult men in the United States is 178 cm (70 inches) and the standard deviation is about 8 cm (3 inches), you would know that 68% of the men in the United States are between 170 cm (67 inches) and 186 cm (73 inches) in height.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/07%3A_Monitoring_Controlling_Closing/7.04%3A_Earned_Value_Management_(EVM)The application of earned value in the early initiation and planning phases of a project increases the validity and usefulness of the cost and schedule baseline and is an excellent verification of the...The application of earned value in the early initiation and planning phases of a project increases the validity and usefulness of the cost and schedule baseline and is an excellent verification of the project scope assumptions and the scope baseline.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/06%3A_Project_Risk/6.06%3A_Ethics_and_Risk_ManagementBoth ethics and risk management foster respect for others, be they neighbours, employees, customers, fellow users of a good or service, or simply fellow occupants of our planet—all sharing the same ri...Both ethics and risk management foster respect for others, be they neighbours, employees, customers, fellow users of a good or service, or simply fellow occupants of our planet—all sharing the same rights to be safe, independent, and hopefully happy and productive.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/04%3A_Stakeholder_Management___Communication_Management/4.09%3A_Communication_TypesThe communication management plan should address the needs, expectations, and concerns of the project team and the stakeholders by considering the communication types. If those team members work in th...The communication management plan should address the needs, expectations, and concerns of the project team and the stakeholders by considering the communication types. If those team members work in the same building, they can arrange regular meetings, simply stop by each other’s office space to get a quick answer, or even discuss a project informally at other places like meeting rooms and even in the kitchen and next to the coffee machine.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/05%3A_Resource_Management_Budget_and_Procurement/5.04%3A_Project_Resource_Management_PlanIt involves creating a set of plans to help guide the project team through the implementation and closure phases of the project. It provides the guidelines to project managers on how to estimate, acqu...It involves creating a set of plans to help guide the project team through the implementation and closure phases of the project. It provides the guidelines to project managers on how to estimate, acquire, manage and utilize physical and team resources [1] . It is the process of establishing the policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project resources [2] .
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/05%3A_Resource_Management_Budget_and_Procurement/5.10%3A_ContingenciesPMBOK Guide Sixth Edition defines this process as “Determine Budget” which is a process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost bas...PMBOK Guide Sixth Edition defines this process as “Determine Budget” which is a process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline [1] . This baseline is a time-phased budget that can be used to measure and monitor cost performance after it has been approved by the key project stakeholders.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/07%3A_Monitoring_Controlling_Closing/7.01%3A_IntroductionProject managers should ensure that everything is on track (e.g., scheduled activities are completed on time, there is no budget overrun), and take the project back on track if it deviates from its th...Project managers should ensure that everything is on track (e.g., scheduled activities are completed on time, there is no budget overrun), and take the project back on track if it deviates from its three main baselines, which are triple (iron) constraints, scope, schedule and cost, and other constraints such as quality and resources, and the satisfaction of the client and stakeholder eventually.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/04%3A_Stakeholder_Management___Communication_Management/4.01%3A_IntroductionIndeed, project managers, themselves, spent 90% of their time communicating [1] . This chapter discusses stakeholder management and how project managers should pay attention to while they communicate ...Indeed, project managers, themselves, spent 90% of their time communicating [1] . This chapter discusses stakeholder management and how project managers should pay attention to while they communicate with the stakeholders including their key stakeholders such as project team members, sponsors, internal or external clients, customers, end-users, and regulatory and government agencies.
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/04%3A_Stakeholder_Management___Communication_Management/4.08%3A_Communications_Management_ProtocolThe communication management plan should include a protocol that delineates all the critical communication channels for the team and stakeholders, such as the purpose of communication, ICTs utilized, ...The communication management plan should include a protocol that delineates all the critical communication channels for the team and stakeholders, such as the purpose of communication, ICTs utilized, frequency of communications, and types of information to be communicated. An example of a Communications Management Protocol has been provided in Table 4.3 which includes only four purposes of communication. Communications Management Protocol All the team members
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/zz%3A_Back_Matter/30%3A_Detailed_Licensing
- https://biz.libretexts.org/Courses/Northeast_Wisconsin_Technical_College/Project_Management_Fundamentals_(NWTC)/02%3A_Project_Environment_and__Project_Initiation/2.10%3A_Managing_the_ScopeThe initiation phase is too early in the project to nail down precise details about time and cost, but it is a good time to think long and hard about scope, which is “all of the work that needs to be ...The initiation phase is too early in the project to nail down precise details about time and cost, but it is a good time to think long and hard about scope, which is “all of the work that needs to be done to provide the product or service your project is delivering” (Martinez, n.d.).
