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Apply your understanding of the knowledge area of project Time Management by creating a Time Management Process specifically created for your project. The selection of the elements in your Time Management Process should be strongly guided by the PMBOK Guide. According to the PMBOK Guide, the major processes associated with project time management are: (a) Plan schedule management: Identify and describe the policies and procedures that will be used to plan, manage and control the project schedule. (b) Define activities: Identify the specific actions to be performed to produce the project deliverables. (c) Sequence activities: Identify and document the relationships between project activities. (d) Estimate activity resources: Estimate the types and quantities of material, people, equipment or supplies required to perform each activity. (e) Estimate activity durations: Estimate the number of work periods needed to complete individual activities with the estimated resources. (f) Develop schedule: Use MS Project to create a comprehensive project schedule. (g) Control schedule: Identify and describe the process of monitoring the status of the project to update progress and manage changes to the schedule baseline. SECTION TWO TOTAL: 20 MARKS Cost Management Apply your understanding of the knowledge area of project Cost Management by creating a Cost Management Process specifically created for your project. The selection of the elements in your Cost Management Process should be strongly guided by the PMBOK Guide. According to the PMBOK Guide, the major processes associated with project cost management are: (a) Plan cost management: Identify and describe the process that will be used to plan, manage and control costs for the project. (b) Estimate costs: Identify and describe the process for estimating costs to complete all the activities required to finish the project. (c) Determine budget: Aggregate the estimated costs of all the individual activities to form the overall budget for the plan. Identify and define the process by which all actual costs and variations from the base-line budget will be reported. (d) Control costs: Identify and describe the process of monitoring and controlling the status of project expenditure.

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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More Time Management: Questions & Answers

Q

Case Study

Using the actors illustrated what factors led to  the breakdown of relationships between members of  the noodle wheat  supply chain?What supply chain management processes  could have  been put in place to ensure the second contamination of  camoisine  did not occur ...

View Answer
Q

INFS1602 Information Systems in Business

You are a junior consultant, specialising in Information Systems, at a leading international consulting firm. Your firm has been recently hired by Forever 21, a popular American fashion retail chain. You have been assigned to a team that advises your client Forever 211 (please see footnote) on globa ...

View Answer
Q

Management

This assessment task is designed to give students the opportunity to demonstrate their research and critical evaluation skills. It is divided into two (2) parts as described below.   Part 1: A portfolio of 5-10 artefacts related to the chosen topic.  Artefacts are items include images, d ...

View Answer
Q

NRSG353 Nursing

Outline the causes, incidence and risk factors of the  identified  condition  and how it can impact on the patient and family (400 words) List five common signs and symptoms of the identified  conditon  for each  provide  a link to the underlhying pathophysiology ...

View Answer

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