ms project 2013 - basic terminologies

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Basic Terminologies of Project Management

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MS Project 2013

MS Project 2013Basics of project managementWhat is a Project?Set of activitiesCarefully plannedDefinite beginningDefinite endingUniqueSpecific outcome

What is a Project?~PMBOK Guide

A project is a temporary endeavor undertaken to create a unique product, service or an output.What are OperationsOperations are the ongoing and repetitive execution of activities that produce the same output, or provide a repetitive service.

Projects Vs OperationsOperationsRepetitiveOngoingOperations have to earn profit in order to run the business.

ProjectsUniqueTemporary (definite beginning and ending)fixed budgetHEART SURGERY

Is it a Project OrOperation?Work Breakdown StructureDeliverable oriented hierarchical decomposition of the work into smaller components to be executed by the project

Work PackageA work package is a subset of a project_________________Breaking down work into manageable pieces(Work Package) of tasks

Activity/TaskSmallest unit of work to be done_________________(1) definite duration(2) logic relationships with other activities in the project,(3) resource consumption(4) an associated cost.

Dependencies of ActivitiesRelationship between two project activities_________________Finish-to-StartStart-to-StartFinish-to-FinishStart-to-Finish.

MilestoneA milestone shows an important achievement in a project._________________Its a task with ZERO DurationSymbolize an achievement

ResourcesResourcesare required to carry out the projecttasks. They can be people, equipment, facilities, funding, or anything else[ MMM (Man, Material, Machinery) ]_________________________________Work Resourcesare people and machines,Material Resources areconsumables like bricks, oil, concreteCost Resourcesare likeAirplane tickets.

Gantt ChartA Gantt chart is a type of bar chart_________________(1) Start and finish dates(2) show the dependency(3) illustrates a project schedule

Project ScheduleThe project schedule is the tool that communicates what work needs to be performed, which resources of the organization will perform the work and the timeframes in which that work needs to be performed.

Project BaselineAccepted and approved plans______________________Used to measure and Control ofprojectactivities