Project Baseline
Posted by Andrew M Cowan in Mar, 2017
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What is Project baseline? Project baselines are created during the initiation/planning phases of a project. They are included in the original plans agreed for the project by parties with a stake hold in it (including the project team). The Project Manager and project sponsor must both normally approve project baselines. The type and […]

Category: BSBPMG512

Project Resource Effort
Posted by Andrew M Cowan in Mar, 2017
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What is Project Resource effort? Resource effort is the quantified amount of effort that is allocated for each resource involved in a project. Estimating the resource effort required is not an exact science, but there are a number of steps that can be followed to make it as accurate as possible. Estimating resource effort […]

Category: BSBPMG512
Critical path
Posted by Andrew M Cowan in Mar, 2017
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Critical path What is Critical Path? The critical path is the path of sequential tasks on a project that, collectively, takes the longest time to complete. A project typically has lots of tasks. Some are flexible in terms of scheduling and can be done at any time between two set dates. Others cannot start […]

Category: BSBPMG512

Risk management standards
Posted by Andrew M Cowan in Dec, 2013
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What are Risk management standards? Risk Management Standards set out a specific set of strategic processes which start with the overall aspirations and objectives of an organisation, and intend to help to identify risks and promote the mitigation of risks through best practice. Standards are often designed and created by a number of agencies who […]