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Relationship among Scope,Schedule and Budget

Relationship among Scope, Schedule and Budget

The three most important aspects of any project are scope, schedule and budget and these are referred to as “The triple constraints”. These constraints have to be managed efficiently in order to avoid schedule and cost overruns. Let us understand these terms and how they are related.
Scope: Scope defines the work boundaries and the deliverables of the project. It indicates what is included as project deliverables and helps in understanding what is not included in project scope. Scope clearly indicates the work that needs to be performed in order to deliver the product/service with its specified features or functions.
Schedule:  Schedule is the list of activities that needs to be performed in order to fulfil the project scope. This list is organised in a logical sequence, also called the network logic. The list consists of activity duration, constraints, interdependencies among the various activities. Project schedule specifies the planned sta…

How to prepare an effective daily project execution plan

How to prepare an effective daily project execution plan Importance of planning: A project manager needs to plan all activities required to achieve project deliverables, latest project planning software’s are a handy tool and can accommodate a never-ending list of activities. At times a Project Manager is required to have better skills in handling information generated by these software rather than demonstrate his core project management skills. These project management tools if used to generate just the required data in order to plan activities for the next day or two can make project execution more effective. A short duration plan with limited amount of data can make life simpler for any Project Manager. This article intends to guide in preparing a daily plan that can help a project manager in taking control of activities and channelize his efforts in meeting the milestones or project deliverables
What is a Daily Plan? A daily plan is a consolidated list of activities and should be pr…

Different reaction

I am appalled to see the way politicians, people, media have reacted differently to a train accident and a terror strike. When 81 people died PM did not visit the accident site, neither was a candle march carried out in any city in India. Compensation was announced only by the railways. Rahul Gandhi made a hush-hush visit to Kanpur city  to meet the injured. No emergency meetings were conducted to supervise / expedite relief and rescue ops. India's Star CM Narendra Modi did not speak a word on poor handling of the railways and the rescue ops. And media comfortably forgot the whole story exactly after 24 hrs and found a new one "Mumbai Bleeds".
Have we commercialized death?

Government and its accountability

Why no FIR is logged when Indian Railways murder 100 passenger or lapses by Airport Authority of India causes death of 350 passengers? Can some one please explain this to me? 
Let us consider the most recent train accident for good two to three hours there was no relief provided to the injured, they were left to the mercy of helpless locals , though locals did an appreciable job. Is it not the duty of the state to respond in shortest possible time frame and with adequate gear and provisions and render help to the needy? Who is responsible for the lives lost due to delay in relief measures?
Even when Indian railways for finding it difficult to attend to the first accident there was news of another one. What will happen if it was a nuclear reactor? I have my doubts if India can ever gear up to meet such eventualities

Non Customer Friendly approach of SBI

When will SBI learn customer care? The way a customer is serviced is very similar to a local municipal office. Even the Branch Manager does not want to be educated or rather reminded on best practices prevalent in dealing with customers. I could never imagine a public sector bank trying to forcibly sell its services and feel unapologetic about the same.

Site HouseKeeping

Following are some of the points that should be borne in mind while ensuring housekeeping of a construction site
1Is there sufficient directional and exit signs to ensure that all exit routes are clearly indicated in bilingual language
2Emergency Exits door to be opened out side . Check operation of the door, ensure no obstruction to the opening of the emergency exit/door
3Are aisles clearly marked with bilingual directional sign
4Do all emergency lighting units work properly?
5Are there adequate number of fire extinguishers available? 6Are locations of fire extinguishers clearly marked? 7Are extinguishers visually checked monthly ( with control tags ) ?
8Are fire extinguishers inspected annually by outside professional agency documentation is on file 9Major hazards identified, MSDS available for all 10Phone Nos of Ambulance, Fire, Hospitals, available and displayed at prominent locations 11Are there sufficient no of first aid kits 12Are First Aid Kits easily accessible, identified, and kept in l…

Components of Project Cost

1.Components of Project Cost 1.1.Land and Site Development 1.2.Building & Civil Works 1.3.Plant & Machinery 1.3.1. Basic cost of indeginious machines 1.3.2. Basic cost of imported machines 1.3.3. Custom duty on imported machines 1.3.4. Excise 1.3.5. Sales Tax 1.3.6. Octroi, freight, transportaion, loading/unloading, clearing & forwarding 1.3.7. Erection Charges 1.4.Miscellaneous Fixed Assets 1.4.1. Utilities(DG Sets, Boiler, Transformer, Office Equipments) 1.4.2. Patents, Licences, Payments inrespect of trade marks 1.5.Prepoprative Expenses 1.5.1. Promotional Expenses 1.5.2. Organisational & Trainning Cost 1.5.3. Rent, rates & Taxes 1.5.4. Travelling expenses 1.5.5. Communication expenses 1.5.6. Printing & Stationery expenses 1.5.7. Advertisement expenses 1.5.8. Guarantee commission 1.5.9. Insurance during construction 1.5.10. Intrest during construction 1.5.11. Provisioning for contingencies<

Project Initiation and Resource Allocation

Project Initiation & Resource Allocation
1.Resource Allocation 1.1.Corporate Level
1.2.Business Unit Level 1.2.1.Identify Investment Opportunities 1.2.1.1. Analysis of the environment A. PEST Model a) Political / Legal Factors · Stability of the government · Labour laws · Tax Laws · Environmental Protection Laws · Monopolies Legislations b) Economic Factors · Interest Rates · Business Cycles · Trends in GNP · Money Supply · Inflation · Unemployment · Disposable Income Levels · Exchange rates · Fuel costs and its availability c) Socio-Cultural Factors ·

Project Charter

A project charter formally authorizes the project. Authorization to a project is generally given by an external agency at a initiator or a project sponsor level and is a result of market demand, business need, customer request, technological advance, legal requirement or a social need. It authorizes the Project Manager to commit resources for the project.

Project Charter consists of the following

PROJECT CHARTER 1.Requirements that satisfy, customer, sponsor and other stakeholders needs, wants and expectations 2.Business needs, high  level project description, or product requirements that the project is undertaken to address 3.Project purpose or justification 4.Assigned Project Manager and authority level 5.Summary milestone schedule 6.Stake holder influences 7.Functional organisations and there participation 8.Organisational, environmental and external assumptions 9.Organisational, environmental and external constraints 10.Business case justifying the project, including return on i…