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Project Management Orientation

Example of a Duration Formula  

If you have a task that is estimated to take 120 hours and you are paying $10 per hour, you need to budget $1200.  However, the person is available only 75% of the time.  Over a 6- to 12-month project, the project manager must allow for vacation, holidays, sickness, training, and so on.  Assuming an average productivity of 80%, the duration is calculated as follows:
  


  Duration =  Effort/Productivity
                          Availability
  
    =  120/.80  =  150  = 200 hours
            .75          .75
               
    =  200 hours
        8 hours/day
                                    
    =  25 days (versus the original 15 days (120/8))

 

* Note: The formula to calculate the duration is the following: Duration equals effort divided by the average productivity and then divided by the availability of the person.

1: Getting Started
2: Define the Project Team
3: Team Management
4: Identify and Validate Requirements
5: Create Decomposition Structures
6: Risk Management
7: Project Estimates
8: Project Schedules
9: Change Management
10: Project Control and Execution
Defining the Project
11: Project Management Review
12: Project Closeout
13: Project Management Tool Suite
14: Self-Assessment and Final Exam
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Seven Keys
Case Study
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