Category Archive for: Assessing And Managing RIsk

Calculating PERT Estimated Duration

It’s a good idea to save your project file just before calculating PERT.When you click the Calculate PERT button, you’re prompted to confirm the calculation. When you click OK to confirm the deletion, only tasks with PERT estimates are calculated. Figure 13.5 shows the Develop Proposal task, before and after PERT Calculation. Using the PERT Views…

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Using PERT to Estimate Duration

There are two types of estimated duration: deterministic and probabilistic. When the duration for a task isn’t likely to dry, the duration is deterministic. It’s easy to plan the duration for routine deterministic tasks. You can enter a duration based on the duration the last time the task was completed. Projects, however, aren’t largely populated with…

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Identifying Environmental Risks

Force-field analysis is a tool used by project managers to understand a project’s external environment. The results of t,he analysis are two lists of forces-positive and negative-that may impact the project. In many organizations, force-field analysis is completed prior to project design. If the negative forces aligned against a project are immense, the project never enters…

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Flagging Tasks with External Dependencies

Project 2000 makes it easy to communicate about inter project dependencies. When your project depends on external projects that are not managed in Project 2000, you must establish your communication requirements with the other projects’ managers. It’s a good idea to add visual cues to tasks with external dependencies so they stand out In the…

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Assessing Risk

After a project enters the development phase, events may affect the project timeline, costs, or budget. A difficult aspect of project management is finding ways to complete a project successfully in an environment in which the following occur: • Contracted resources are suddenly unavailable. • Members of the project team terminate employment or transfer out…

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