What is the formula for ROI in project Management ?
Thursday, October 6, 2011
ROI = (Benefit – Cost)/Cost
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What is the 8/80 rule for WBS ?
Monday, October 3, 2011
No task should be less than 8 hours or more than 80 hours.
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What are the 2 types of Project Selection methods?
1. Mathematical models(calculation methods or Constrained Optimization)
2. Benefit Measurement methods(decision models)
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What are the sub management plans in Project Management ?
Scope management plan
Requirement management plan
Schedule management plan
Cost management plan
Quality management plan
Process improvement plan
Human resource plan
Communication management plan
Risk management plan
Procurement management plan
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How many baselines are there in Project management and what are they ?
There are 3 baselines, they are
Schedule baseline
Cost performance baseline and
Scope baseline
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