Software Publisher Sample Business Plan. Supple Software Company is an S Corporation founded and entirely owned by Ralph and Mabel Smith. The company was founded in 1993 and has received no outside investments. Supple sells three different software products that command impressive market share. Ralph and Mabel are interested in taking the company to the next level in sales by 2000. Supple's objectives are ambitious yet achievable. Sales increases in 1999, and doubling again for the next year. They also forecast commensurate gross margin increases and net profit increases. Their goal is to hold personnel to one employee for every $250,000 in revenue. The MarketSupple is participating in a $3.8 billion market that will have a 20% growth rate for the next three years.
The ProductsSupple Software currently has three products. The StrategySupple will follow four concise strategies to achieve the desired growth. The Management TeamRalph and Mabel are seasoned managers who are capable of executing on their ambitious strategies. Page. Free Sample PMstudy Chapter test for your PMP Certification Exam prep. Project Management Papers and Other Resources. Pmpapp-jdm.pdf (Objet application/pdf) Project Cost Management. Quentin W. Fleming Project Management Consultancy. Quentin Fleming began his management consultancy practice in 1991 to help companies implement new projects, and / or to assess the performance of their ongoing projects.
He offers his services in the old fashioned way...working with company management as an outside catalyst, to stimulate permanent improvements within the organization. In 2008 he served on the Project Management Institute (PMI) "core team" which updated the PMBOK(R) Guide for their Fourth Edition released in December 2008. He was the chapter lead for two of the nine PMBOK(R) Guide knowledge area chapters: Chapter 7 on Project Cost Management, and Chapter 12 Project Procurement Management.
A few of his published articles on project management may be viewed on-line at: "The Two Most Useful Earned Value Metrics: The CPI and the TCPI" "Start With 'Simple' Earned Value On All Your Projects" "Performance Based Payments (FAR 32.10): 200812-Fleming.pdf (Objet application/pdf) Common cause and special cause (statistics) This article describes statistical patterns. For visible patterns, see Patterns in nature Common and special causes are the two distinct origins of variation in a process, as defined in the statistical thinking and methods of Walter A.
Shewhart and W. Edwards Deming. Briefly, "common causes", also called Natural patterns, are the usual, historical, quantifiable variation in a system, while "special causes" are unusual, not previously observed, non-quantifiable variation. The distinction is fundamental in philosophy of statistics and philosophy of probability, with different treatment of these issues being a classic issue of probability interpretations, being recognised and discussed as early as 1703 by Gottfried Leibniz; various alternative names have been used over the years. The distinction has been particularly important in the thinking of economists Frank Knight, John Maynard Keynes and G.
Nature has established patterns originating in the return of events but only for the most part. Special causes are easier to predict and handle than random causes (also called common causes). Conflict Resolution in Project Management. Introduction | Project Management Overview | Understanding Conflict | Approaches to Conflict Resolution | Conclusion | References Introduction Conflict in project management is inevitable. The potential for conflict in information systems development projects is usually high because it involves individuals from different backgrounds and orientations working together to complete a complex task. The cause of conflict in team projects can be related to differences in values, attitudes, needs, expectations, perceptions, resources, and personalities.
Proper skills in dealing with conflict can assist project managers and other organization members to handle and effectively resolve conflicts which can lead to a more productive organization as a whole. Top of Page Project Management Overview Using project management principles brings value to an organization. Project management relies on proven and repeatable processes and techniques. Understanding Conflict Approaches to Conflict Resolution. Types of Project Costs - Examples of the Different Variables in Project Cost Management. Written by: Rupen Sharma, PMP • edited by: Michele McDonough • updated: 6/10/2013 “So far, we’ve lost over a million dollars.
No point in turning back now. Let's see if we can recover our sunk costs. " But...can sunk costs be recovered? Read on and you'll find out as we take a look at some examples of costs encountered in project management. Types of CostsAll projects incur costs. Ap_pmicodeofethics.ashx (Objet application/pdf)
Project Management Knowledge Apportioned Effort (AE) The term apportioned effort refers to energies put forth for application into project-related work that is incapable of being easily and readily divisible into discrete effort s for those tasks but rather, in fact, is related in a direct proportion to measurable discrete work efforts. As such, the existence of apportioned effort relies specifically and directly on the performance of other efforts. One example of apportioned effort in action is that of the quality assurance division within a major corporation. That quality assurance division is specifically and wholly reliant on the performance of the manufacturing team as a whole. Those factors that are determined to be applicable to the apportioned effort must be evenly distributed and well documented.
From a financial standpoint, apportioned effort can be budgeted separately, or it can be budgeted as its own line item as part of the main umbrella project. This term is defined in the 3rd edition of the PMBOK but not in the 4th. Economics Interactive Lecture: Internal Rate of Return. Copyright © 1997-2013 Samuel L. Baker When you are evaluating an investment, a useful number number to know is the internal rate of return. For some investments, like bank accounts, the internal rate of return is easy to figure because the bank tells you what it is. For example, a 5% simple interest bank account has an internal rate of return of 5%. For other investments, you have to do some work to calculate the internal rate of return. To evaluate investments and calculate an internal rate of return, we need the concept of income stream. Income Stream In the grubby world of economic theory, where money is everything, any investment can be expressed as an income stream.
An Income Stream Example Here is the income stream for what you get if you Put $1000 in a 5% simple interest bank account Take out the $50 interest each year. ($50 is 5% of $1000.) Note: To keep things simple, we imagine that interest is paid annually. An Alternative Investment The key is "present value" concept. 1. 2. 3. Project Management Practitioner » Blog Archive » Exam Tips 3 - Key terms for PMP Exam. Raga's 355 points | PM Zilla - PMP Exam Prep ( Project Management Professional )
Visionary Tools Decison Making Software - Home Page. List of cognitive biases. Systematic patterns of deviation from norm or rationality in judgment Cognitive biases are systematic patterns of deviation from norm and/or rationality in judgment. They are often studied in psychology, sociology and behavioral economics.[1] Although the reality of most of these biases is confirmed by reproducible research,[2][3] there are often controversies about how to classify these biases or how to explain them.[4] Several theoretical causes are known for some cognitive biases, which provides a classification of biases by their common generative mechanism (such as noisy information-processing[5]). Gerd Gigerenzer has criticized the framing of cognitive biases as errors in judgment, and favors interpreting them as arising from rational deviations from logical thought.[6] Explanations include information-processing rules (i.e., mental shortcuts), called heuristics, that the brain uses to produce decisions or judgments.
Belief, decision-making and behavioral[edit] Anchoring bias[edit] Project team builder. Project team builder (sometimes abbreviated as PTB) is a project management simulation tool developed for training and teaching the concepts of project management and for improving project decision making. A number of published books and academic papers are based on the PTB and its predecessors. The PTB won the Project Management Institute Professional Development Product of the Year Award.[1] The PTB is used in universities and business organizations around the world. The simulator is based on an approach that separates the simulation engine from the scenario editor and allows each user (or teacher) to simulate any project. The simulation engine simulates the dynamic stochastic nature of modern projects.
The design of the PTB supports the system engineering approach to Problem solving as each scenario presents the requirements, the alternatives that can be selected and the constraints imposed on the solution. History[edit] Software[edit] Publications[edit] See also[edit] References[edit] Point of total assumption. Calculation of Point of Total assumption (the case when BAC exceeds PTA that should be treated as a risk trigger, is shown) The point of total assumption (PTA) is a point on the cost line of the Profit-cost curve determined by the contract elements associated with a fixed price plus incentive-Firm Target (FPI)contract above which the seller effectively bears all the costs of a cost overrun. The seller bears all of the cost risk at PTA and beyond, due to a dollar for dollar decrease in profit beyond the costs at the PTA. In addition, once the costs on an FPI contract reach PTA, the maximum amount the buyer will pay is the ceiling price.
Note, however, that between the cost at PTA and when the cost equals the ceiling price, the seller is still in a profitable position; only after costs exceed the ceiling price is the seller in a loss position. Calculation of Point of Total Assumption[edit] PTA = ((Ceiling Price - Target Price)/buyer's Share Ratio) + Target Cost For example, assume: PMP Preparation Site. PMP Fundamentals PREV: Introduction UP NEXT: Project Integration Every facet of human life is a project. Every little step we take, from the moment we wake up up to the time we settle to sleep, is filled with mini projects. It's then not a stretch to assume that the way we handle actual projects (from work, school, etc.) is reflection of the way we handle the biggest project there is - our existence.
That's why it's doubly important to come up with the perfect habit of proper planning and management of projects. This page covers general information about the discipline of project management. A project is a temporary endeavor. Each Knowledge area has further Processes. Further the discipline of Project Management has five process groups. UP NEXT: Project Integration. Project Integration Management. PMP Exams Preparation (PMBOK Guide 4th Edition) Project Management Professional - PMP Certification is administered by the Project Management Institute (PMI). This tutorial will help you to prepare and to test yourself for PMP Certification exams based on latest version of PMBOK®,Guide 4th Edition (2009) You know, most of the MNCs prefer to keep PMP Certified Project Managers, so its always worth to get this certification and move ahead fast in your career.
This tutorial has been prepared to give you idea about a basic overview of PMP Exams and its preparation. So if you are preparing for PMI's PMP or other management related exams then you will find this material very helping for you. We assume you have basic knowledge about project management and leadership. If you do not have a great experience in either of these fields, still you can go through this tutorial atleast to know the idea about PMP exams pattern and what exactly you need to prepare for this important certification exam. 1 - Download PMBOK® Guide - 5th Edition.
Question 2 | Project Management Professional Practice Quiz 1 | Project Management Practice Questions | GoCertify. Free test exams PMP – Jeux de questions gratuites pour PMP. QCM sur la méthode chaine critique pour la gestion de projet. WP1026_EEF_OPA.pdf (Objet application/pdf) Test time: 00:01:16 - Total test time: 90 Min. Robert Perrine Project Management Quick Reference. Process Guide_Using Loading Patterns within Open Workbench_v1 2.pdf (Objet application/pdf)
Informationen zu CA Clarity PPM. OpenWorkbench_Guide_ENU.pdf (Objet application/pdf) Didacticiel_open_workbench.pdf (Objet application/pdf) ABC du management de projets - Cours de gestion de projet. Bases du management de projet - Formations de gestion de projet. PMI – Project Management Professional (PMP): Mind Mapping | World of Iwan and Ma Dan. Just completed my version of mind mapping for PMI's PMP process groups and knowledge areas according to fourth edition. As there are many repeating ITTO (Inputs, Tools & Techniques, Outputs), i mapped those recurring ITTO with its respective processes to give better understanding. By looking into it, you can find some common understanding such as: ORGANIZATIONAL PROCESS ASSETS is an input for every processes in: 5. PROJECT SCOPE MANAGEMENT except for process: 5.1. COLLECT REQUIREMENTS & 5.4. VERIFY SCOPE 8. 9. 10. ORGANIZATIONAL PROCESS ASSETS is an output for every LAST processes of 9 knowledge areas plus: PROJECT MANAGEMENT PLAN is an input for every processes after Planning Process Group WORK PERFORMANCE INFORMATION is an input for every processes in Monitoring and Control Process Group except 8.2.
REQUIREMENTS DOCUMENTATION is an input for every processes of Project Scope Management (except 5.1. CONTROL CHARTS, FLOWCHARTING, STATISTICAL SAMPLING are tools and techniques used in 8.1.