Ad
related to: 100% rule in wbs
Search results
Results From The WOW.Com Content Network
The 100% rule states that the WBS includes 100% of the work defined by the project scope and captures all deliverables – internal, external, interim – in terms of the work to be completed, including project management. The 100% rule is one of the most important principles guiding the development, decomposition, and evaluation of the WBS.
Haugan is associated with the development of the Work Breakdown Structure (WBS) design principle called the 100% Rule. Haugan is vice president of GLH, Incorporated, a management consulting firm for project management, information systems, management consulting, and training support.
A Work breakdown structure element may be a product, data, a service, or any combination. The Work Breakdown Structure is a tree structure, which shows a subdivision of effort required to achieve an objective; for example a program, project, and contract. The WBS may show hardware, product, service, or process oriented; Now you seem to state:
work breakdown structure and schedule (i.e. when it will be achieved) TORs could include: [3] success factors, risks and constraints. Although the terms of reference of a project are sometimes referred to as the project charter, [4] there are significant differences between the two. This article describes a TOR containing detailed definitions ...
The items identified in the Work breakdown structure plus overhead costs, plus costs related in proportion to the planning and performance.) According to the PMBOK (7th edition) by the Project Management Institute (PMI), Earned Value (EV) is defined as the "measure of work performed expressed in terms of the budget authorized for that work." [3]
Using Monte Carlo simulation, the project manager can apply different probabilities for various risk factors that affect a project component. The probability of occurrence can vary from 0% to 100% chance of occurrence. The impact of risk is entered into the simulation model along with the probability of occurrence.
The MECE principle (mutually exclusive and collectively exhaustive) is a grouping principle for separating a set of items into subsets that are mutually exclusive (ME) and collectively exhaustive (CE). [1]
In another example, if the programmer optimizes a section that accounts for 99% of the execution time (i.e. of 0.99) with a speedup factor of 100 (i.e. of 100), the only reaches 50.