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work breakdown structurethe work breakdown structure as its name suggests represents an organised and logical break down of the project into its
principles of success for the project managerproject managers always hire the best people available and then
dimensions of business excellencebusiness excellence is a continuously evolving process and no organisation can be thought of as -excellent performer
areas of business excellencetypically we think about business excellence in the terms of superiority but in practice it is frequently translated into
key performance indicatorsthe key to success of a business is dependant on superior management information consequently while monitoring
weightings of performance against the success criteriain any discussion on success it is necessary that a distinction is made amid project success
measures of successthe most important objective of project management is to meet or exceed expectations of the sponsors of the project these
cycle time optimisationcycle time optimisation is an operating philosophy of maximising the efficiency of the sub optimal value-added activities
quality and cycle time in projectsthe cycle time is a very important outcome variable because the projects are usually carried out under the strict
cost targetingcost targeting is the pricing method which has to be used by the firms it is defined as the cost management tool used for reducing the
the dark side of quality cost analysisthe quality cost analysis will always look at the organisations costs and not the customers costs the
implementation risksthere are many problems which have caused
powerful cost reductionthe project cost accounting will track the quality-related costs which can be an important management tool for example suppose
stages of cost reductionthe quality costs are the costs which are associated with preventing finding and correcting the defective work these costs
phases of value engineering processinvestigation phase this phase investigates the background information the technical input reports the field data
value engineeringvalue engineering is not a program but a process it is a systematic method used to improve the value of the goods or the products
benefits from quality effortsthe benefit obtained from quality is creation of more efficient and effective operations it helps to increase the
project valuethe organisations add value to the business through the series of processes increasingly such processes are usually undertaken within
customer valuethere is a considerable debate within the business world on whether the companies will have to deliver value for the shareholders or
shareholder valueproject management initiative brings a renewed interest among the shareholders the major investors show more interest by becoming
project management value initiativethe project management initiative program is a six step process which is designed to bring about a measurement
histogramshistograms show a visual summary of the data which is simple to understand raw data is difficult to understand and a pictorial
tools for collecting dataimproper or incomplete collection of data is a fundamental error which has an effect on all the subsequent actions data may
benefits of qualitythe benefits of quality in project performance are customer satisfaction is the result of a quality product or project if
failurecost of failure may result from either internal failure or external failure internal failures are those that occur before the product is