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Step 1. Identify Stakeholders

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.

  1. Risk identification: determining which risks are likely to affect a project
  2. Risk analysis and quantification: evaluating risks to assess the range of possible project outcomes
  3. Risk response development: taking steps to enhance opportunities and developing responses to threats
  4. Risk response control: responding to risks over the course of the project

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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