Process List

Complete Process List of PM processes (PMBOK v3) with their knowledge area and process groups.

S.No.	Name Of Process	Knowledge Area	Process Group
1	Develop Project Charter Process	Integration	Initiation
2	Develop Preliminary Project Scope Statement Process	Integration	Initiation
3	Develop Project Management Plan Process	Integration	Planning
4	Direct and Manage Project Execution Process	Integration	Execution
5	Monitor and Control Project Work Process	Integration	Monitor & Control
6	Integrated Change Control Process	Integration	Monitor & Control
7	Close Project Process	Integration	Closure
8	Scope Planning Process	Scope	Planning
9	Scope Definition Process	Scope	Planning
10	Create Work Breakdown Structure Process	Scope	Planning
11	Scope Verification Process	Scope	Monitor & Control
12	Scope Control Process	Scope	Monitor & Control
13	Activity Definition Process	Time	Planning
14	Activity Duration Estimating Process	Time	Planning
15	Activity Sequencing Process	Time	Planning
16	Activity Resource Estimating Process	Time	Planning
17	Schedule Development Process	Time	Planning
18	Schedule Control Process	Time	Monitor & Control
19	Cost Estimating Process	Cost	Planning
20	Cost Budgeting Process	Cost	Planning
21	Cost Control Process	Cost	Monitor & Control
22	Quality Planning Process	Quality	Planning
23	Perform Quality Assurance Process	Quality	Execution
24	Perform Quality Control Process	Quality	Monitor & Control
25	Communication Planning Process	Communication	Planning
26	Information Distribution Process	Communication	Execution
27	Performance Reposting Process	Communication	Monitor & Control
28	Manage Stakeholders Process	Communication	Monitor & Control
29	Risk Management Planning Process	Risk	Planning
30	Risk Identification Process	Risk	Planning
31	Qualitative Risk Analysis Process	Risk	Planning
32	Quantitative Risk Analysis Process	Risk	Planning
33	Risk Response Planning Process	Risk	Planning
34	Risk Monitoring and Control Process	Risk	Monitor & Control
35	Human Resource Planning Process	Human Resource	Planning
36	Acquire Project Team Process	Human Resource	Execution
37	Develop Project Team Process	Human Resource	Execution
38	Manage Project Team Process	Human Resource	Monitor & Control
39	Plan Purchases & Acquisitions Process	Procurement	Planning
40	Plan Contracting Process	Procurement	Planning
41	Request Seller Reponses Process	Procurement	Execution
42	Select Seller Process	Procurement	Execution
43	Contract Administration Process	Procurement	Monitor & Control
44	Contract Closure	Procurement	Closure

 

 

 

 

 

Earned Value Technique

Earned Value Management is nice technique to gauge the performance of a project



Here is one for Earned Value Technique used to calculate performance of project at any given point of time.



Key Definitions:

• 
  
  Planned Value (PV) or Budgeted Cost Of Work Scheduled (BCWS):
  
  • Authorized budget assigned to the scheduled work to be accomplished for a schedule activity or WBS component.
    
• 
  
  Earned Value (EV) or Budgeted Cost Of Work Performed (BCWP):
  
  • Approved budget assigned to that work for a schedule activity or WBS component.
    
• 
  
  Actual Cost (AC) or Actual Cost Of Work Performed (ACWP)
  
  • Total cost incurred or recorded in accomplishing work performed during a given time period for a schedule activity or WBS component.
    

Sample Data:

Task Name	Duration	Planned Cost	Cost Expended	% Completed	Earned Value
A	23	150	250	100	150
B	4	40	50	80	32
C	32	75	100	70	52.5
D	12	100
E	14	150

• At the end of 59th day, performance review is required.
  
• 
  
  Only three tasks - A, B, C were planned till 59th day.
  
  • So PV = 150+40+75 = 265
    
• 
  
  Actual cost by 59th day is
  
  • AC = 250+50+100 = 400
    
• 
  
  Earned Value will be based on % completed * planned cost.
  
  • 
    
    EV = 100%*150 + 80%*40 + 70%*75 = 234.5
    
    
    
    
• Schedule Variance (SV) = EV - PV = 234.5 - 265 = -30.5
  
• 
  
  Cost Variance (CV) = EV - AC = 234.5 - 400 = -165.5
  
  • Negative SV means project behind schedule.
    
  • Negative CV means cost has been expended more that what was assigned.
    
• CPI (Cost Performance Index) = EV/AC = 234.5/400 = 0.5863
  
• 
  
  SPI (Schedule Performance Index) = EV/PV = 234.5/265 = 0.8849
  
  • SPI less than 1 means behind schedule.
    
  • SPI more than 1 means ahead of schedule.
    
  • SPI = 1 means on schedule.
    
  • CPI less than 1 means cost overrun.
    
  • CPI more than 1 means cost under run.
    
  • CPI = 1 means on budget.
    
  
  
  
• 
  
  To Complete Performance Index (TCPI) = (BAC - EV)/(BAC - AC)
  
  • BAC = Budget At Completion. = 150+40+75+100+150 = 515
    
  • TCPI is efficiency that must be achieved to complete remaining work with remaining budget.
    
  • TCPI = (515 - 234.5)/(515 - 400)=2.4391
    
  • So, 243% of original planned performance required to meet objectives.
    
  
  
  
• Estimate at Completion (EAC) = expected total costs of scheduled activity, WBS component or project.
  
• 
  
  Estimate to Complete (ETC) = expected cost needed to complete all the remaining work for a schedule activity, WBS or the project.
  
  • EAC = AC + ETC
    
  • ETC = (BAC - EV) for atypical variance.
    
  • EAC = AC + BAC - EV
    
  • ETC = (BAC - EV)/CPI for typical variance.
    
  • EAC = BAC/CPI for typical variance.
    
  • 
    
    VAC (Variance At Completion) = EAC - BAC
    
    
    
    
  • If this project has atypical variance, then
    
  • ETC = 515 - 234.5 = 280.5
    
  • EAC = 400 + 280.5 = 680.5
    
  • 
    
    VAC = 680.5 - 515 = 165.5
    
    
    
    
  • If this project has typical variance, then
    
  • ETC = (515 - 234.5)/0.5863 = 478.424
    
  • EAC = 515/0.5863 = 878.3899
    
  • VAC = 878.3899 - 515 = 363.3899
    

Self Respect vs. Ego

There is thin line between self-respect and ego.

What I feel is self-respect for me , may be perceived by other as an ego.

If something hurts my self-respect, I definitely feel anger.

But if I exhibit my anger, other will perceive it as an ego.

What exactly distinguish self-respect from an ego ?

Probably everybody will call their ego as their self-respect.

And other's self-respect as ego.

Probably anger is the main culprit.

Marriage !!

"Marriage is the triumph of imagination over intelligence. Second marriage is the triumph of hope over experience."

Monday Blues

"Monday is an awful way to spend 1/7th of your life. "