By David Harris
CIMA Revision playing cards are the single fabrics written and counseled by means of CIMA. they supply succinct yet whole assurance of all of the significant issues of the recent CIMA 2005 syllabus. The pocket-sized, spiral-bound layout permits them to be carried round simply, making them worthy assets at any place you're. Diagrams and bulleted lists are used all through to exhibit the most important issues as in actual fact and concisely as attainable. This simplifies the syllabus and makes the issues effortless to benefit and have in mind. CIMA Revision playing cards supply: * examination counsel and tricks * A precis of all of the key issues of the recent syllabus* visible aids to consolidate studying * examination targeted, pocket sized revision courses summarising the major subject matters of the recent CIMA syllabus * Diagrams and tables all through make stronger key options and relief reminiscence retention and remember * simply transportable dimension - excellent for wallet and luggage
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Additional info for CIMA Revision Cards: Integrated Management (CIMA Revision Cards)
Problems make more interesting questions KKKKKK Stakeholders Project sponsor Project owner Customers/users Project manager Project team Suppliers 51 ————————————————————————————————————————— The Project Management Process Topics . . Definition Project management process Project plans Project constraints 53 The Project Management Process Definition Project management – the integration of all aspects of a project, ensuring that the proper knowledge and resources are available when and where needed, and above all to ensure that the expected outcome is produced in a timely, cost-effective manner KKKKK Project management process Initiating Planning Executing (leadership) Controlling Completing Study tip Make sure you can explain each of these stages 54 ————————————————————————————————————————— –––––––––––––––––––––––––––––––––––– The Project Management Process Stages in planning KKKK Project authorisation Time Cost Quality KKK And possibly for: Resources Contingency Communication KK A project has plans for KKKK Project plans Divide the project into work packages Estimate time and resources Make a cost estimate Portray the activities graphically (network analysis) Carry out risk analysis Calculate a project schedule and budget 55 ————————————————————————————————————————— The Project Management Process Project constraints: Study tip Make sure you can explain these constraints, and recognise the interrelationships between them 56 ————————————————————————————————————————— Identifying and Selecting Projects Topics Key study system questions 4 22 Uncertainty Feasibility study .
Feasibility study Costs Risk and uncertainty SWOT analysis 57 Identifying and Selecting Projects Types of feasibility Costs KKKK Feasibility study Types of cost KKK Technical Social and ecological Business Financial KK You are unlikely to be expected to carry out a financial evaluation of a project, but you must be able to explain each of the evaluation techniques Financial evaluation KK Study tip Capital Revenue Finance Payback Discounted cashflow (net present value or internal rate of return) Accounting rate of return Return on investment 58 ————————————————————————————————————————— –––––––––––––––––––––––––––––––––––– Identifying and Selecting Projects Risk and uncertainty Ranking qualitative risk Definitions Risk – the probability of an undesirable event Uncertainty – a situation where the probability of a contingent event is impossible to quantify Value of quantitative risk ¼ P(E) Â p(L) Â M Types of risk KKK Study tip Quantitative Socially constructed Qualitative 59 ————————————————————————————————————————— Identifying and Selecting Projects Risk management KKKKKK Steps SWOT analysis Identification Analysis Prioritisation Management Resolution Monitoring KKK Risk management approaches Avoidance Transference Reduction 60 ————————————————————————————————————————— Performing the Project Topics Key study system questions 7 Excellence in project management .
Definition and characteristics The project life cycle Iterative approach Why projects fail Strategy and scope 43 Projects Definition and characteristics Project – a human activity that achieves a clear objective against a time scale Study tip You need to be able to explain these characteristics, and to identify them for real projects KKKKKKKKK Characteristics Definition Stakeholders Uniqueness Objectives Resources Schedules Quality Uncertainty Finiteness Change 44 ————————————————————————————————————————— ––––––––––––––––––––––––––––––––––––––––––––––––– Projects Identification of need Development of solution Implementation Completion KKK Problems Too slow Lack of user/customer involvement Assumes requirements are certain before the start The iterative approach KKKKKKK KKKK The project life cycle Use for smaller projects Use where needs are uncertain Involve users Create a ‘predictive model’ Try out the solution Repeat the life cycle until everyone is happy Reduces risk 45 ————————————————————————————————————————— Projects 4-D The 9 knowledge areas KKKK KKKKKKKKK Other frameworks Discover Dream Design Deliver KKKKK The 5 process areas Initiating Planning Executing Controlling Closing Integration Scope Time Cost Quality Resource Communication Risk Procurement 46 ————————————————————————————————————————— ––––––––––––––––––––––––––––––––––––––––––––––––– Projects K K KKKKKKKK Why projects fail Time/resource estimates unrealistic Objectives not clearly defined or measurable Project manager: poor communication skills Objectives changed during project Project manager: poor leadership skills Senior management: not showing strong support Stakeholders: not taking ownership of the project Role and responsibilities of the project team not defined Resources not identified/made available at the start Project team: did not work as a team Study tip Find some examples of real projects that have failed for the above reasons 47 ————————————————————————————————————————— Projects Strategy and scope Definitions Strategy – a course of action, including the resources required, to achieve a specific objective Scope – the extent of work needed to produce the project’s deliverables 48 ————————————————————————————————————————— People and Projects Topics Key study system questions 5 9 Reports Problems .