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What should be in a Project Charter ?
  The framework for a project charter should be based on the project management knowledge areas. Although the formality and depth of developing a project charter will most likely depend on the size and complexity of the project, the fundamental project management and product-development processes and areas should be addressed and included for all projects…
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IT Project Risk Management Planning Process
IT Project Risk Management Planning Process To manage risk, we first need to have a definition of risk. Although Webster’s dictionary defines risk as “hazard; peril; or exposure of loss or injury,” the PMBOK Guide defines project risk as: An uncertain event or condition that, if it occurs, has a positive or…
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Numeric Model in Project Selection Model
Numeric Model 1) Payback Period 2) Discounted Cash Flow 3) Internal Rate of Return 4) Profitability Index 1) Payback Period Its the period for initial fixed investment divided by the estimated annual net cash in-flows for/from the project. This ratio is the number of years required for the project to repay its initial fixed…
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Overview of GitHub Part 1
Git is the free and open-source distributed version control system that’s responsible for everything GitHub related that happens locally on your computer. Installation & GUIS GitHub for Windows https://windows.github.com GitHub for Mac https://mac.github.com GitHub for All Platforms http://git-scm.com Setup Configuring user information used across all local repositories Set a name that is identifiable for credit…
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Project Proposal
The set of document submitted for the evaluation of the project is called Project Proposal. Whether it is a brief or extensive and regardless of the formality with with which it is presented. All the proposal should begin with short summary statement called as executive summary covering fundamental nature of proposal using minimal technical language. Every…
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Steps for Monitoring and Controlling The Organization Goals and Strategies in Project Portfolio Process
Project Management Office should follow the following Steps for Monitoring and Controlling The Organization Goals and Strategies in Project Portfolio Process. (1) Stabilize a Project Council. (2) Identify Project Categories and Criteria. Â (i) Derivative Projects. Â (ii) Platform Projects. Â (iii) Break-through Projects. Â (iv) R & D Projects. (3) Collect project data. (4) Access Resource Availability. (5)…
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Project Proposal
The set of document submitted for the evaluation of the project is called Project Proposal. Whether it is a brief or extensive and regardless of the formality with with which it is presented. All the proposal should begin with short summary statement called as executive summary covering fundamental nature of proposal using minimal technical language.…