Project Management Context
Most large projects are managed by a cross-functional core team. Core team members have a dual responsibility; they are responsible for the project achieving its goals and they are responsible to ensure that the project complies with their function’s standards and best practices.
Video time: 5m 52s
Tailoring Schedule and Resources
Traditional projects often require tailoring during planning and adaptive projects require tailoring throughout the life of the project. The tailoring is often with respect to the timing of project events or the resources - both internal and external - assigned to complete those events.
Video time: 7m 12s
Project Decision Making is the process whereby the project leader and project team decide upon project strategy, tactics, and acceptable actions. For Project Stakeholders, the decisions normally concern project boundaries. For Project Core Team members, the decisions normally concern project plans and execution.
Video time: 6m 02s
Quality Control & Quality Assurance
Quality Control and Quality Assurance are processes used for managing the project. Quality Control determines if the overall project result meets the requirements and Quality Assurance determines if appropriate standards and procedures are used to do the work of the project.
Video time: 7m 18s
Variance occurs when the actual situation is different from the planned or expected situation. In projects, variance analysis applies to schedule variance and cost variance. It determines both why the actual situation is different than what was planned and the impact that will have on the project.
Video time: 6m 34s
PMI, PMP, CAPM and PMBOK are registered marks of the Project Management Institute, Inc.