Friday, May 27, 2011

Basic Steps for Project Risk Management

Basic Steps for Project Risk Management

RISK is an uncertain or unknown events that can occur any time of project execution and has an positve or negetive impact.Risk Management is a crucial part of Project Management.It aims to attract oppurtinities that has positive impact and decrease the probability of threat that has negetive impact to project.More oppurtinities and less threat signifies a stable project in term of scope , time , Cost and quality.Risk can be of 2 category: Known , Unknown.

Project Risk management contains 6 steps:

1.  Plan for how to manage a RISK both known & unknown in davance.It says the overall process on how to
     plan,manage for a risk depends on Priority and Impact(Probability & Impact Matrix).Its basically conducted
     at the time of Project planning. It defines following :

              - Define which tool and method to be used.
              - Define roles and responsibilty of Risk Management Teasm.
              - Look on budgeting for resources for risk management.
              - Define the threshold for time frame for the risk to be resolved.
              - Define RISK Ctegories and prepare RBS- Risk breakdown structure.
              - Prioritize Risk by Risk by Risk&Impact Matix.
              - Find stake holder tolerance.

2. Identify a Risk by following method:
              - Brainstorming
              - Delphi
              - SWOT Analysis
              - Checklist Analysis
              - Assumption Analysis
              - Process flow chart
              - Cause & Effect Diagram


3. Qualitative Risk Analysis by following method:
              - Probability &Imapct Matrix
              - Categorization method.

4. Quantitative Risk Analysis by following method:

              - Probability Distribution
              - Expert Judgement
              - Sensitive Analysis
              - EMV Analysis( Expected Monetary Value)
              - Decision Tree Analysis
              - Simulation

5. Risk Response Planning by following method:

              - Negetive Risk --> Avoid / Transfer / Mitigate
              - Positive Risk --> Exploit / Share / Enhance
              - Acceptance


6- Risk Monitor & Control



For further clarification please email us :

pratap.sahoo@project-agile.com  

project.agile2011@gmail.com
info@project-agile.com

Thanks, -Pratap Kumar


Or Visit us at  
http://project-agile.com

Thursday, May 26, 2011

Basic steps for Project Procurement Mangement

Basic steps for Project Procurement Mangement:

Procurement means acquiring.But what we need to acquire or purchase for the project? This might be a product or a services from outside to complete the project task.From organization prospective it manages both party who buys a product,service or sell a product, service .

Procurement Management is a process which plans whether to purchase or not. What to purchase when and from whom to purchase.It has 6 following steps:

1. Define what and which part of the project service need to be purchased or acquired
    when and how as per project requirement.

2. Document the baseline or criteria for the product or service to be  acquired.

3. Request for Proposals, bids from sellers, and make sure ALL potential seller well
    understood the service requirement.

4. Use evaluation system as per organisation process asset to select potential seller.

5. Establish the relationship between buyer and seller through Contract administration,
    which is alegal binding between two.

6. Close the contarct upon successfull delivering or acquiring product or service else

    accpet teminating contract on failiure as per contract.


Before we plan for Purchase & Acquisitions we need to use techniques of

1. Make -Buy Analysis - Whether to Produce or Buy.
2. Expertise information from Experts.
3. Decide to go for either FP or Reimbusable contracts(CPF,CPFF/CPIF)
4. Time & Material contractual engagements.


Contract Administration plays a crucial Role in ensuring both the seller and buyer are performing according to terms in
the contracts..



For further clarification please email us :

pratap.sahoo@project-agile.com  

project.agile2011@gmail.com
info@project-agile.com

Thanks, -Pratap Kumar


Or Visit us at  
http://project-agile.com

Tuesday, May 10, 2011

12 basic Steps for better stakeholder Mangement

12 basic Steps for better stakeholder Mangement:

1. List out all stakeholders both Positive & Negetive Stakeholders.
2. Group them.
3. Find objectives for each stakeholders , their issues and concern.
4. Check if any conflicting objectives between stakeholders.
5. Plan on how to meet the expectation of each stakeholders with a gain or profit to the project and align to meet project req.
6. Find each stakeholders level of Responsibility as well authority over a project.
7. Find the extent of influence of each stakeholder on project and find how it vary over a period of time.
8. Donot always overlook the negetive stakeholders.
9. Give a balance management to both positive & negetive stakeholders.
10. Give priority on social environment,Corporate environment for better stake holder management.
11. Have Stakeholder Analysis, stakeholder communication and stakeholder assessment in hand always.
12. Engage top management and executives in front for stakeholder management on addressing oppurtinities.



For further clarification please email us :
pratap.sahoo@project-agile.com  project.agile2011@gmail.com
info@project-agile.com

Thanks, -Pratap Kumar


Or Visit us at  
http://project-agile.com

Sunday, March 6, 2011

Effective Project Management Skills

Project Management body of knowledge(PMBOK) Vs PMBOK® Guide

Do you feel so both are same?

No infact both differ from each other and the only difference is PMBOK guide is subset of Project Mangement body of knowledge.PMBOK is an unique knowledge pertaining to Project Mangement.It describes all knowledge unique to project Management.Whereas PMBOK® guide is related to PMI-Project Management Institute which describes all rules and techniques for a better project bmanagement and includes 9 knowledge areas and 5 project management process group.

Effective Project Mangement Skills:

What you think of effective project Management skill should include.What are the areas where the team member
of a project and the project Manager should focus.


0. PMBOK® Guide
1. Application Areas, Standards and Regulations
2. Understanding Project Environments
3. General Management Skills
4. Interpersonal Skills


Project management also includes on managing different application ares within the organisation where the project is carried out.An application area may include :

 a.Functional(legal,marketting, production, inventory , advertisement etc)
 b.Technical (software, civil engineering,finance, media etc)
 c.Industry Groups( Automotive, chemical, plastic, agriculture etc)



 For further clarification please email me :

pratap.sahoo@project-agile.com  
project.agile2011@gmail.com
info@project-agile.com

Thanks, -Pratap Kumar


Or Visit us at  
http://project-agile.com

Thursday, March 3, 2011

Project management Vs Management by Projects

Project management Vs Management by Projects

Both sounds similar right !
Yes it is but in reality they differ from Each other. So what makes them difference?


Well the answer is:
Project Management is same as managing a project which is finite in nature and having a Start and end.It produces an outcome or a result.Now say we have an opertaion to achieve business objective which also allow us or facilitate us to achieve project goals.This operation must be continous and it has multiple objectives .Now this opertaion can be managed by applying project management rules. But how, let us divide the whole operation into projects. Now to manage the operation we have to manage individual projects.

And so called as Management by Projects.


Case Study:

Let us Consider an Organization.Now it has say Multi Project Challenge.Now say  each project might finite but the process being followed to accomplish it inside the oraganization  must be contionous since to survive the organization must keep on continuing projects. Now to manage the process we need to consider it as a prject and so multi chain projects can be managed by manging the process by considering it as aproject.

So called as Management by Projects.
[Note: It also called as Management of Projects.]


For further clarification please email me :pratap.sahoo@project-agile.com  
project.agile2011@gmail.com
info@project-agile.com

Or Visit us at  
http://project-agile.com/


Thanks, -Pratap Kumar,PMP

Wednesday, March 2, 2011

10 Steps to become PMP

10 Steps to become PMP

I usually asked by my colleagues friends on " How to became a PMP?". i thought of making the steps availble in my blog.

So finally you deceided to became PMP. Well thats great. Now you need to have a lot of question in your mind on How to start , where to start and What is the technoques to pass.Probably this article will help you to to find Where What and How.

STEPS

1. Login to pmi.org. Register yourself.
2. Make sure you are eligible for PMP credential - You must eligible for all 4 criteria

   You must have 4 year Bachelors Degree.
   You must have at least 3 year of project management exeperience post 4 year Bachelors Degree.
   This 3 year of project management exeperience must have 4500+ Hour of exeperience in leading a project.
   You must attain 35 Hour contact programme on Project Mangement exeperience.This means you have to 

   attend a class of approx 4 days from vendor who are registered education provider from PMI USA.

3. Fill up the specific Application form for PMP online. PMI will seek information on detail on your eligibility
   as mentioned in step 2 for verification .Make sure you provide all genuine information.You need to submit

   the application within 90 days from the day when you started filling up application form.

4. Complete full payment for PMP exam online.

5. PMI will review your Application.PMI either approve your application directly or can ask for further Audit to
    find genuinity of your application.

6. If you are selected for AUDIT then you need to submit proof for all your exeperience which you mentioned
    while registering.PMI will send online form for this  and hence you need to fill up the form and send them
    back to  complete audit within 90 days.

7. PMI will audit in 5-7 days.

8. If you clear audit process then you need to appear and pass the PMP exam in 1 year called as Eligibilty
    Period.

9. Choose your prometric centre for exam , ans schedule a date.

10.Prepare your best . Then Go ahead with Exam ! All the best.  


Congratulation You became PMP.


For further clarification please email me :

pratap.sahoo@project-agile.com  
project.agile2011@gmail.com
info@project-agile.com

Thanks, -Pratap Kumar


Or Visit us at  
http://project-agile.com/

10 Steps to become PMP

10 Steps to become PMP

I usually asked by my colleagues friends on " How to became a PMP?". i thought of making the steps availble in my blog.

So finally you deceided to became PMP. Well thats great. Now you need to have a lot of question in your mind on How to start , where to start and What is the technoques to pass.Probably this article will help you to to find Where What and How.

STEPS
1. Login to pmi.org. Register yourself.
2. Make sure you are eligible for PMP credential - You must eligible for all 4 criteria

   You must have 4 year Bachelors Degree.
   You must have at least 3 year of project management exeperience post 4 year Bachelors Degree.
   This 3 year of project management exeperience must have 4500+ Hour of exeperience in leading a project.
   You must attain 35 Hour contact programme on Project Mangement exeperience.This means you have to 

   attend a class of approx 4 days from vendor who are registered education provider from PMI USA.

3. Fill up the specific Application form for PMP online. PMI will seek information on detail on your eligibility
   as mentioned in step 2 for verification .Make sure you provide all genuine information.You need to submit

   the application within 90 days from the day when you started filling up application form.

4. Complete full payment for PMP exam online.

5. PMI will review your Application.PMI either approve your application directly or can ask for further Audit to
    find genuinity of your application.

6. If you are selected for AUDIT then you need to submit proof for all your exeperience which you mentioned
    while registering.PMI will send online form for this  and hence you need to fill up the form and send them
    back to  complete audit within 90 days.

7. PMI will audit in 5-7 days.

8. If you clear audit process then you need to appear and pass the PMP exam in 1 year called as Eligibilty
    Period.

9. Choose your prometric centre for exam , ans schedule a date.

10.Prepare your best . Then Go ahead with Exam ! All the best.  


Congratulation You became PMP.


For further clarification please email me :pratap.sahoo@project-agile.com  
project.agile2011@gmail.com
info@project-agile.com

Or Visit us at  
http://project-agile.com/


Thanks, -Pratap Kumar

Tips on PMP certification

Tips on PMP certification by Pratap K Sahoo PMP


Yes , of-course !
It's my pleasure to share my success.I think following things can be the better way of passing the PMP exam in first Attempt.(I cleared on Nov-6th 2008, with total exp of 4.7 year at my 1st attempt)

Priority No1:


Whether or not a candidate is into project management its better to study from:
1) Start preparing Question / Answer. Try to attempt all available Questions/ Answer.

    (This  will give a general idea).


2) Try to visualise (no need to remember all, if possible then its good) all Input/Output of each Process
    Group,and its tool & technology...

3) Remember all Calculations / Formula, e.g. EV,PV,AC,CPI,SPI,BAC, ETC,EAC,VAC ,BCR ,BCWS,BCWP,its very
    easy , just remember.(I got more questions on this approx (15/20)

4) Go for simulation software (any) just to acquaint yourself with the pattern ,also give you a strength for

    sitting constantly 4 hr in Exam.

Priority No2:
5)PMBOK Guide atleast twice, with remembering 5 KA, 9 PG.(no need to read all , bcz few are reapeated like

   I/O , tools & techniques.

6) Study Material any /PMBOK/ Rita Mulcahy PMP Text book.( You always have achoice to choose a standard

    author)


Imp questions:


i) What happen if (CPI +ve,,SPI -ve) / (Both -ve )/ (Both +ve) / (CPI -ve,,SPI +ve).
ii) No of communication channel , for n number of team members.
iii) What are the type of Handling Conflicts.
iv) Selection of a project , ireespetvive of IRR,BCR,NPV.
v) Maslow Hierrachy/Herzberg Thery(Theory X/Y)/Douglas Mc-Gregor Thery.
vi) Type of Management Style(6 types, e.g autocratic/leissez faire/democratic etc).
vii) Conflict Intensity . highest --> Lowest (e.g Schedule , Priorities, then Manpower , .... at last Cost)
viii) Five interpersonal Influences of a successfull PM.(e.g Legitimate,Reward,Penalty , Exper, Referrent)
ix) Forms of communications.
x) Try to understand Professional code conduct & responsiblity( its different from real Life)

Since all questions are situation based, we have to have enough understanding of issues.Hope this might be usefull for you.I believe the plan to study should come from ones Job Profile, time availability, Liking , and Own way of remembering,reading habit.

Please let me know for further info , for this exam, at any time, i am available to answer you!


For further clarification please email me :

pratap.sahoo@project-agile.com  
project.agile2011@gmail.com
info@project-agile.com


Or Visit us at  
http://project-agile.com/

Thanks,

-Pratap Kumar, PMP