Critical PM Components
by Ash Sat
1. Scheduling
1.1. Plan Schedule management
1.2. Define the project activities
1.3. Determine dependencies
1.4. Sequence activities
1.5. Estimate durations
1.6. Develop Project schedule
1.7. Monitor and control
2. Budgeting
2.1. Cash Flow Management
2.2. Earned Value Management
2.2.1. Evaluates technical, schedule, and cost performance
2.3. Tools/Techniques
2.3.1. MS Project
2.3.2. Spreadsheets
2.3.3. Resource-loaded Gantt Charts
2.3.4. Generally Accepted Accounting Principles
3. Engineering Contracts
3.1. Definitions of the Rights and Obligations of Parties
3.2. Contract risk strategies
3.2.1. Risk Allocation
3.2.2. Risk mitigation
3.2.3. Risk avoidance
3.3. Insurance reduces the risk exposure to risk and liability
3.4. Look out for red flags
3.4.1. Indemnification
3.4.2. Consequential Damages
3.4.3. Standard of care
3.4.4. Performance guarantees
4. Health and Safety
4.1. Identifying Hazards
4.2. Ten types of Energy
4.3. Personal Protective Equipment
4.4. OSHA
5. Risk Management
5.1. Risk Strategies
5.1.1. Allocation
5.1.2. Mitigation
5.1.3. Avoidance
5.2. Types of Risk
5.2.1. Direct Control
5.2.2. Influenced Only
5.2.3. Outside of Control
5.3. Tools/Techniques
5.3.1. Risk Register
5.3.2. Risk Breakdown Structure
5.3.3. Delphi Technique
5.3.4. SWOT Analysis
5.3.5. Decision Tree
5.3.6. Monte Carlo Simulation