Today

1
Today

• Finish chapter 6
• Discuss homework
• REVIEW

2
Announcements

• Exam is Thursday, February 5
• Review for Exam TODAY

3
Exam will cover

• Pages 1-53 (Chs 1-2) of SCHWALBE
• Chs 1-3, 5-6 of Copy Packet
• Homework

4
Exam Format

• 65-75 multiple choice
• 4 discussion problems

5
Bring.

• Scantron sheet (orange)
• Pencil
• Eraser
• Calculator

6
Recitation

• What is meant by feasibility?
• What are three kinds of feasibility?
• What is meant by a risky decision?
• What is meant by an uncertain decision?
• How can decision theory help us make better
  project decisions?

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Topics--Chapter 6

• Must understand what Bayesian revision does for
  you
• Will have to do analyses exactly like that in
  Chapter 6

8
To solve a problem like 6-11 or 6-12, you must

• First, solve the decision problem without any
  additional information
• Determine the optimal choice
• Compute EPPI and EVPI
• Second, perform Bayesian revision
• Third, solve decision problem assuming a positive
  predictor state
• Fourth, solve decision problem assuming a
  negative predictor state
• Compute EPSI and EVSI

9
Remember

• EPPI expected payoff of perfect information
• EVPI EPPI EV(WITHOUT ADDTL INFORMATION)
• EVPI expected value of PERFECT information
• EPSI expected payoff of sample information
• EVSI EPSI EV(WITHOUT ADDTL INFORMATION)
• EVSI expected value of sample information

10
Projects

• endeavor to accomplish a specific objective
  through a unique set of interrelated tasks and
  the effective utilization of resources
• The objective of a project is usually defined in
  terms of scope, schedule and cost
• The scope of the project is all of the work that
  must be done in order to satisfy the customer
  that the deliverables meet the requirements

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Projects, contd

• The schedule for a project is the timetable that
  specifies when each activity should start and
  finish
• It is important to develop a plan before the
  start of the project this plan should include
  all the work tasks, associated costs, and
  estimates of the time necessary to complete them.

12
Projects, contd

• Ultimately, the responsibility of the Project
  Manager is to make sure the customer is
  satisfied.
• There are four stages to any project. They are
• In which stage does the SPECIFICATION of a
  proposed solution take place?
• Which stage is responsible for developing a
  baseline plan?

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Projects, contd

• What do we call the hierarchical tree of work
  elements?
• What do we call a diagram showing precedence
  relationships among tasks?

14
What are the 7 elements of a project?

• A well-defined objective
• interdependent tasks
• use of resources
• a specific time-frame
• a unique or one-time endeavor
• a customer
• degree of uncertainty

15
What 4 factors constrain the accomplishment of a
project obj?

• scope
• cost
• schedule
• customer satisfaction
• Which three of these make up the triple
  constraint?
• What is the point of the triple constraint?

16
Define requirements for a work package

• able to be done by one person
• reasonably independent and autonomous
• taking 1-4 wks
• consisting of one or more tasks

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Projects

• What is the relationship between projects and
  processes?
• What is the relationship between a process and a
  methodology?
• Why is methodology important?
• What do the following stand for?
• SOW, RFP, JRP, JPDS
• Which document is the RFP most like?

18
Conflict resolution

• Be able to draw the conflict resolution diagram
  (Goldratt)

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Goldratts Thinking Process

• What are the three questions addressed by this
  process?
• What is the point of the current reality tree
  (Goldratt)

20
Teams

• What are the four phases of teaming?
• What is meant by team synergy?

21
Excellence

• What is meant by excellence?
• Name four things star performers do
• What is meant of continual clarification of what
  is important to you?
• Describe some techniques for time management

22
The Five disciplines

• What are they?
• Who defined them?

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The Five Disciplines

• Personal Mastery (or professional excellence)
• Mental models
• Shared vision
• Team learning
• Systems thinking

24
The Seven Habits

• Who??
• Name five of them

25
The Seven Habits

• Be proactive
• Begin with the end in mind
• Put first things first
• Think WIN/WIN
• Seek first to understand, then to be understood
• Synergize
• Sharpen the saw

26
Decisions

• Are always embedded in a _____
• Are affected by ______
• How to get better MMs?
• Build mathematical and simulation models

27
Project Lifecycle
Conceptualization and Definition
Planning and Budgeting
Executing and Controlling
Termination and Closure
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Project Lifecycle

• What purposes does the project lifecycle serve?
• Why is there a feedback loop between stages one
  and two?
• Why is there a feedback loop between stages two
  and three?
• Do you think, that by the time the project gets
  to stage 3, the requirements ought to be frozen?

29
Questions

• What is the catch-22 in software development?
• What are the implications of the learning curve
  in software development?
• What is a WBS?
• What are the major sections of a requirements
  document
• Should sign-off signatures be obtained on the
  Req. doc.

30
Know

• What Gantt charts are
• What network diagrams are
• What a milestone is
• What a SOW is
• What an RFP is
• What a project charter is
• How to become a STAR at work

31
More Questions

• 1. The four stages of any project
• 2. Interactions between the stagesbe able to
  draw figs 3.1 and 4.1 in copy packet
• 3. The nine PMBOK knowledge areas
• 4. The four phases of team development
• 5. The primary functions of project manager,
  project leader, project professional

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More Questions

• 6. The major deliverables of the
  conceptualization and definition stage
• 7. The major organizational structures (Three)
• 8. Which of these assigns the most
  authority/control to the project manager
• 9. Which of these assigns the least to the PM
• 10. Techniques for conflict resolutionCh 3 of
  copy packet

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More Questions

• 11. Why systems thinking is important to any
  project professional (copy packetChapter 2)
• 12. The criteria by which success of a project
  is measured
• 13. Reasons why projects fail Ch. 3 of copy
  packet
• 14. Covey says we should be guided by the
  compass rather than the ____
• 15. What is meant by Coveys rocks/sand/bucket
  illustration?

34
More Questions

• 16. What is the implication of the urgency
  importance matrix?
• 17. IT Project types
• 20. Major stakeholder types

35
More Questions

• 21. Who among the stakeholders is the most
  likely source of funds
• 22. What is meant by a quality gate
• 23. Who among the stakeholders should act as
  quality gate keeper
• 24. What is meant by project integration
  management
• 25. What is meant by project scope management

36
More Questions

• What is a JRDSession?
• Name some processes that must be undertaken
  within Conceptualization and Definition
• Name a methodology appropriate for a JRD Session,
  especially when the solution is unknown?

37
Know

• How to Create a Project Management Culture
• What is meant by a Time bucket
• That the WBS is used for scope management
• not time management
• The tendency of a project to get larger and
  larger is known as scope creep

38
Know

• Basic two types of contractsfixed price and cost
  reimbursement
• In which of these does the client/customer assume
  all of the risk?
• In which of these does the contractor assume all
  of the risk?

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