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Prior to beginning work on this discussion, please review the Weekly Lecture and assigned page ranges from Chapters 5 and 7 in your textbook to gain an understanding of what goes into planning and exe
Prior to beginning work on this discussion, please review the Weekly Lecture and assigned page ranges from Chapters 5 and 7 in your textbook to gain an understanding of what goes into planning and executing projects. Then, answer the following questions in your post.
Project managers are given all sorts of projects.
- How do project managers prepare time and cost estimates for their projects, especially when they are not familiar with the project scope?
- How would you prepare time and cost estimates for your project?
Understanding the critical path of a project is key.
- How would you explain the concept of critical path to someone who may not be aware of it?
How will understanding your project’s critical path affect your projects overall timeline?
Required Resources
Text
Schwalbe, K. (2017). An introduction to project management (6th ed.). Retrieved from https://redshelf.com
- Chapter 5: Planning Projects, Part 2 (Project Time and Cost Management) (read pages 149-154; 172-180)
- Chapter 7: Executing Projects (read pages 256-288)
Multimedia
Silverman, P. (2013, November 28). Microsoft Project tutorial—Understanding the critical path (Links to an external site.). Retrieved from https://youtu.be/n-Mw3l42sgw
- While the video is for Microsoft Project, the functionality and explanation transfers well to ProjectLibre and other project management software programs> This video goes over what the critical path is and how changes to the critical path can help you set up the work breakdown structure (WBS) you are creating. It will assist you in your Time and Cost Estimation Exercise Interactive learning activity this week.Accessibility Statement (Links to an external site.)Privacy Policy
