When it accurately reflects the decision making context of the company including its capabilities and limitations?
A project selection model is realistic when it accurately reflects the decision making context of the company including its capabilities and limitations.
Which of the following is critical for creating accurate and realistic project plans and schedules?
task relationships are critical for creating accurate and realistic project plans and schedules.
What is the most important criterion for project selection?
The most important criteria are exposure to business risk, return on investment, and statutory requirements. The result of project scoring is not the only input to project selection and the availability of resources to perform projects is a major contributor.
Which of the following is a process for determining if the level of documentation and best practices are followed in a project’s execution?
A project maturity model is a process for determining if the level of documentation and best practices are followed in executing projects.
What are the three pillars of project management?
The Triple Constraint: The Project Management Triangle of Scope, Time, and Cost.
What is a project life cycle?
A standard project typically has the following four major phases (each with its own agenda of tasks and issues): initiation, planning, implementation, and closure. Taken together, these phases represent the path a project takes from the beginning to its end and are generally referred to as the project “life cycle.”
What are the six basic functions project managers perform to run successful projects?
The project manager is responsible for day-to-day management of the project and must be competent in managing the six aspects of a project, i.e. scope, schedule, finance, risk, quality and resources.
What are the six phase of waterfall process?
The waterfall model has six stages: requirements, analysis, design, coding, testing, and deployment. During the requirements stage, developers write down all the possible requirements of a system in a requirements document.
What are the phases of an IT project?
An IT project management life cycle is different from a project management life cycle (i.e., phases include initiating, planning, executing, monitoring and controlling, and closing).
What is Project process flow?
Project managers use a flow chart to offer a clear picture of process and to find ways to improve project efficiency. A flow chart displays graphically the project’s objective and seeks to more logically order the activities therein. But, a flow chart can also help with monitoring progress and even status reporting.
What are the four different implementation methodologies?
Four common methods to implement a system[edit]
- Parallel[edit]
- Phased[edit]
- Pilot[edit]
- Direct[edit]
What are implementation methodologies?
The implementation methodology is the method by which the projects are technically and operationally implemented in the field, most often by using contractors or subcontractors. Typical implementation models are Energy Performance Contracting, Energy Supply Contracting and Separate Contractor Based.
What is pilot implementation methodology?
A pilot implementation allows an organization to validate its approach for full application deployment. Executing an application pilot can uncover operability issues associated with production-like conditions and provide an opportunity to address these issues before full application roll out.
What is ERP implementation methodology?
ERP implementation methodology is where the company declares their strategic decisions regarding how to conduct the imple- mentation, and selects a focused path for ERP deployment. Company driven implementation strategy is when a company drives the leadership and direction for how the ERP system is implemented.
What are the main steps in a typical ERP implementation methodology?
There are 6 phases that make up any ERP implementation project: Discovery and Planning, Design, Development, Testing, Deployment, and Ongoing Support.
What are the ERP implementation methods?
There are three key approaches that you can use to implement an ERP system: big bang, phased, and parallel. Each approach has its inherent advantages and disadvantages. Therefore, you’ll need to thoroughly understand each type to select the one that best caters to your IT setup.
What is the ERP implementation life cycle?
ERP Implementation Life Cycle is the process of implementation of the enterprise resource planning in any organization. It involves many steps and stages right from the start, planning for project implementation, analysis, design, implementation, transition and operations.
Which is the most critical phase in ERP implementation?
First, you need to plan out your ERP implementation steps and delegate these across your ERP implementation team….Planning ERP implementation steps
- An ERP implementation schedule.
- Data migration and integration process.
- ERP user training.
- Testing and go-live plan.
What is the first phase in ERP implementation?
The first ERP implementation phase is the project initiation phase.
What are the factors used for successful ERP implementation?
Key Success Factors for an ERP Implementation
- Project Startup.
- Management Commitment.
- Project Scope.
- Project Team.
- Change Management, Communication and Training.
- Customizations/Modifications.
- Budget.
- Project Closure.