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Step 2. Define Business Goals and Objectives
Step 3. Identify Constraints
Step 4. Derive Project Success Criteria
Risk management: The process of thinking systematically about all potential outcomes before they happen and determining procedures that will avoid them, minimize their impact, or cope with their impact.
Gantt chart: Henry Gantt 1917: originally for production planning and control, later it became the most widely used project schedule report format. a Gantt chart shows you what has to be done (the activities) and when (the schedule). On the left of the chart is a list of the activities and along the top is a suitable time scale. Each activity is represented by a bar; the position and length of the bar reflects the start date, duration and end date of the activity. This allows to see:
Cost baseline: time- phased budget that is used as a basis against which to measure, monitor, and control overall cost performance on the project. It is developed by summing estimated costs by period and is usually displayed in the form of an S- curve
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