Risk analysis is an important process for project managers in large projects to find the factors that may affect negatively the success of a project or achievement of a goal.One of the more popular methods to perform a risk analysis in the computer field is called Facilitated Risk Analysis Process (FRAP).FRAP analyzes one system, application [...]
Project management Tools
PROJECT TIME TRACKING TOOLS
Time tracking is an important job for project managers to make sure that all activities are as per the scheduled time.Failure in proper time tracking will leads to run the project out of scedule.This can be done by manually or using Time tracking tools. A lot of tools and software’s are available to do this [...]
Project management Tools
BUG TRACKING TOOLS
Most of the bugs producing from mistakes made by the people ( programmer / Designer / Architect etc ) in their programming source code or designing etc. Some bugs are caused by compiler producing like issues with System used in the project. Bug tracking is the process of collecting bugs in a software program. The [...]
Project management Tools
PROJECT SCHEDULING TOOLS
In the process of project management proper scheduling is an important factor for the successful project.Project manager should divide the entire project into small elements which cannot be further divided which is known as Terminal elements, and schedule each terminal elements by starting date and ending date.Scheduling time can be find by the case studies [...]
Project management Tools
PROJECT RESOURCE MANAGEMENT TOOLS
In project management process, proper handling of resources in one of the important factor for a successful project.Resources can be anything for the completion of project like people,equipments, facilities, funds etc.The goals of proper resource management are minimising the project duration and cost, maximum profitable utilization of the resources etc.A lot of tools and software’s [...]
Project management Tools
PROJECT ESTIMATION TOOLS
In project management , perfect project estimation is the basis of sound project planning. Many processes have been developed to aid project managers in making accurate estimates, such as compartmentalization (i.e., breakdown of tasks), parametric estimating, structured planning,educated assumptions,Delphi method, identifying dependencies,examining historical data,estimating each task,documenting the results.A lot of tools and software’s are available [...]
Project management Tools
PROJECT PLANNING TOOLS
Project planning is the basic part of a project management job.At first, the project scope (the appropriate methods for completing the project) will be determined. Following this step, the time durations for the various steps necessary to complete the work are listed in a grouped manner. Then by an activity network diagram, the logical dependencies [...]
Basics of Project Management
What are the facts of project analysis
What are the facts of project analysis? The important facts of project analysis are as follows Market analysis Technical analysis Financial analysis Economic analysis Ecological analysis
Basics of Project Management
What are the different levels of decision making
What are the different levels of decision making? Different levels of decision making also need to be examined along with various phases of capital budgeting. There are three levels of decision making and they are operating, administrative and strategic. The three levels of decision making can be applied to capital budgeting decisions. For eg: Operating [...]
Basics of Project Management
Review phase in capital budgeting
What do you mean by Review phase in capital budgeting ? Once the project is made to order the review phase has to be set in motion. Performance review should be done from time to time to evaluate actual performance with probable performance. A feedback device can be useful in several ways. (i) It throws [...]