By Michael B. Bender

“Mike Bender has utilized his massive services to crafting hassle-free and pragmatic directions on making undertaking administration paintings on your company. Now it’s as much as you. this is often the way you upload price for your organization.”

Kimi Hirotsu Ziemski, PMP, vice chairman neighborhood kinfolk, PMI SFBAC; writer, When Opposites Collide: management past Gender;

and contributing writer, PMBOK® Guide, 4th Edition


“Were I an government relocating my association to use new demanding situations, I’d wish this ebook to make sure I in achieving the main out of my undertaking portfolio. Michael Bender distills the necessities of undertaking administration into what executives want to know with out overwhelming them. He treats initiatives as capital investments for executives to accomplish larger returns during this ever difficult financial environment.”

Michael F.Malinowski, PMP, IT supervisor, Exelon company; and writer, IT upkeep: utilized undertaking Management


THE FIRST EXECUTIVE’S advisor to compelling larger ORGANIZATIONAL worth via venture MANAGEMENT!


• Align undertaking administration with enterprise strategy

• select the fitting tasks and oversee them effectively

• constitution your company to advertise larger undertaking decision-making

• deal with a number of initiatives in complicated globalized environments


As an government, you recognize there’s just one cause to begin a undertaking: so as to add price. Now there’s a venture administration publication that stocks your viewpoint: a e-book that is helping you optimize the worth of initiatives and venture administration all through your company. best undertaking administration advisor Michael Bender unearths the right way to be sure all of your initiatives absolutely help your ambitions and run successfully from begin to end. Bender exhibits find out how to use balanced portfolio options to force greatest worth from each venture, systematically decrease hazard in tough-to-manage globalized environments, and increase organizational functionality via strategic outsourcing. As an govt, you recognize the rewards or undergo the penalty of undertaking effects. listed below are the instruments you must get the implications you’re after—and get them consistently.

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Critical Path and Resource Leveling Initial critical path analysis assumes that you have enough resources to parallelize and that your resource pool is relatively stable—a difficult assumption in today’s business environment. Note that tasks B, C, and D can run in parallel. We would need three people on our team to do that. If we had only two, then one of the tasks (probably C) would need to run after B and D, extending the phase’s duration. 42 A Manager’s Guide to Project Management From the Library of Garrick Lee The project management team typically determines the critical path assuming an unlimited resource pool.

Deliverables Briefly describes the key deliverables and any characteristics important to senior management and to project success. Scope: inclusions and exclusions Lists the activities or goals both included and excluded in the project. The purpose of the exclusions is to prevent clients and other stakeholders from assuming that they’re getting something they’re not. Project manager and level of authority Identifies the project manager and what he/she is allowed to do. This may include hiring staff, consultants, or vendors; conducting training; or authorizing capital expenditures.

7) Financial analysis assumes a 35-year amortization schedule. 8) Dynamic economic environment may affect the cost-of-capital which will affect financial analysis and margins. Chapter 3 Project Definition and Planning 31 From the Library of Garrick Lee Initial Estimates: Cost: Plant: 12 million Furniture and equipment: 6 million Cleanup: 1 million (average of typical cleanups over last 4 years) Misc: 2 million (travel, training, legal and financial services) Schedule: Plant short list: 5 months Plant acquition (if we can purchase one): 9 months Fully operational: 16 months Approvals Title Signature Date President Project Manager VP Operations VP Finance VP HR VP Engineering Facilities Manager Project Scope Definition Project planning begins when all required stakeholders execute the project charter.

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