ADMINISTRATIVE TEST ISSUES No blue books needed Closed book, closed note Not under the influence of Alcohol, drugs, or any other substance Leave the room Dinner, married, divorced Approximately 80 minutes REVIEW SUBJECTS Project fundamentals… Project selection… Project organizational forms… WBS/LRC/Gantt… Project budgeting… Scheduling / Networks… Critical Chain… Current Events... PROJECT FUNDAMENTALS D. CLELAND DEFINITION OF PROJECT MANAGEMENT PROJECT PARAMETERS GRAPHICAL REPRESENTATION 2 PROJECT LIFE CYCLE PROJECT MANAGER FUNCTIONS Planning Organizing Motivating Directing Controlling STAKEHOLDERS Internal External PROJECT SELECTION Non-numeric Numeric NON-NUMERIC Sacred cow Operating necessity Competitive necessity Product line extension Comparative benefits NUMERIC Profit models Payback Average rate of return Discounted cash flow / Net present value Scoring Unweighted 0-1 Unweighted factor scoring Weighted factor scoring Constrained weighted factor scoring PROJECT ORGANIZATIONAL FORMS Functional organization Pure project Matrix Hybrid Advantages/disadvantages of each WBS/LRC/GANTT WBS LRC Gantt PROJECT BUDGETING Approaches Top down, bottom up Direct costs Labor including inefficiencies Material Equipment Indirect costs Use of common equipment General and Administrative Anything else not included in indirect Effects of learning curves NETWORK TECHNIQUES PERT/CPM Network representation Critical Path Critical Time Slack CURRENT EVENTS May ask you about current events Be able to reference article Were did it come from When was is released Summarize Basic concepts / contribution to project management Agree/Disagree Apprentice Lesson to be learned CRITICAL CHAIN