In Week#1 we discussed about;
- Professional ethics of project managers
- Roles and responsibilities of the project manager
- Basic definitions like Project, Program, Portfolio, PMO
- We discussed about the three types of PMO;
- We also discussed about requirements collection, scope definition and the decomposition of the scope into a Product Breakdown Structure and then to Work Break Down Structure (WBS).
- A WBS provides the the break up of work as work packages. WBS does not provide the sequence of work.
- The lowest level in the WBS is known as the Work Package. Cost estimates are performed at the work package level.
- 8-80 rule suggests that work packages can be between 8 hours and 80 hours blocks of work.
- The 100 percent rule suggests that WBS should capture 100% of the scope, else the missed out scope will not be there in the final product.
During Week#2 we build on the knowledge gained in Week#1 further.
Upon completion of Week#2, you will learn to;
- Develop the Bill Of Quantities (BOQ)
- Project Cost Estimation
- Organizational structures (OBS)
- Defining the project’s OBS
- Defining Control Accounts
- Defining project’s budget
- Develop the project’s schedule
Requirements -> Scope definition -> Work Breakdown Structure (WBS) -> Bill Of Quantities (BOQ) – Project’s Cost Estimation – > Defining Control accounts – > Defining the project organization – > Linking the WBS, OBS, Control Accounts -> Defining the project budget -> Developing the schedule