A project can be taken as a diamond that needs all of its facets, which are the knowledge areas, to be finely cut and polished for sparkling results.
A good Project Management Methodology (PMM) instills structure to the project life cycle thus driving consistency and yielding better predictability of results.
Quality Assurance is the ‘king’ of the Project Quality Management Knowledge Area. It takes some of the outputs of Quality Plan and Quality Control and can also use their tools too while having its own tools of Audit and Process Analysis.
Do perform schedule compression during ‘Develop Schedule’ process but don’t forget to update ARR(Activity Resource Requirements)
Remember when using Schedule compression techniques, ‘Crashing’ often results in increased cost while ‘Fast Tracking’ often results in increased risks.
Think of WBS dictionary as work package dictionary which defines the overall scope of the work package.
If a scope has to be curtailed then first look to get rid of requirements with higher costs and lesser benefits
Projects are ‘strategy enablers’. They should be professionally handled to achieve required strategic results.
WBS is a good tool for communications and team buy in.
Identify stakeholders as early as possible, create their management strategy and manage their expectations throughout the project life cycle.
c to look for unexpected impacts of implemented risk responses.
Methodology is not a silver bullet that can fix projects by itself. But it does help in giving a clear roadmap for achieving project success.
'Collect Requirements' is an important process for success of a project. If stakeholders requirements are not collected adequately that leads to a scope which is poorly defined . If scope is wanting then the deliverables are not well defined and if that is so then project creates deliverables that do not match customer expectations. In such a scenario even though cost and time objectives may have been successfully met the project is deemed unsuccessful. Thus project requirements must be diligently understood and well captured in scope to deliver right project results for enabling stakeholders' satisfaction.'