Project Management Concepts. Project, Defined. A project is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources. It has a well-defined objective stated in terms of scope , schedule , and costs .
1. Clearly define the project objective.
2. Divide and subdivide the project scope into major “pieces”
3. Define the specific activities for each piece (work package)
4. Graphically portray the activities that need to be performed fro each work package in order to accomplish the project objective – in the form of network diagram.
5. Make a time estimate for how long it will take to complete each activity – resources needed.
6. Make a cost estimate for each activity.
7. Calculate a project schedule and budget to determine whether the project can be completed within the required time, with the allotted founds, and with the available resources.
1. Summary tasks - contain subtasks and their related properties
2. Subtasks - are smaller tasks that are a part of a summary task
3. Recurring tasks - are tasks that occur at regular intervals
4. Milestones - are tasks that are set to zero duration and are like interim goals in the project
• Task Views (5 types)
• Resource Views (3 types)
Fields in the Resource Sheet may be blank or contain different types of information depending on the type of resource. For example, a work resource doesn't have a Material label, and costs are calculated initially as dollars per hour. Material resources have a cost per unit—per pound, gallon, or piece—and the Material label field defines the units. Cost resources receive a value only when you assign them to tasks.
View – Resource Sheet
Add: 15,000 for Budget-Travel and 30,000 for Budget-Labor (Budget Work column)
Create custom filed (column)
Add field to the resource sheet view: Insert – column – choose Budget Type column ( you can now identify your resources as labor or travel