Project Control

Planning puts the team in a position to launch a project. However, rarely does everything go according to plan. As soon as the project begins, deviations start to occur. Thus, once the project is launched, conforming to the plan becomes a principal function of project management. It is up to the project control system to keep the project manager apprised of how all components of the project are progressing, and highlight significant problems and deviations from plan, so that corrective action...

Team Building

Today's projects characteristically require the efforts of many people from multiple disciplines whose efforts must be effectively integrated to meet project objectives. Further, project managers must cope with dynamic environments, high degrees of organizational complexity, and ever-increasing competitive pressures. Experienced project managers know that the only way to effectively deal with these challenges is to mold their project personnel into true project teams or groups of people with...

Example Geometric Gradient Find P Given A g i N

Ansell Inc., a medical device manufacturer, uses compressed air in solenoids and pressure switches in the machines to control the various mechanical movements. Over the years the manufacturing floor has changed layouts numerous times. With each new layout more piping was added to the compressed air delivery system to accommodate the new locations of the manufacturing machines. None of the extra, unused old pipe was capped or removed thus the current compressed air delivery system is inefficient...

Cash Flow Series with a Special Pattern

Geometric Series Annual Percent Rate

Whenever one can identify patterns in cash flow transactions, one may use them in developing concise expressions for computing either the present or future worth of the series. For this purpose, we will classify cash flow transactions into three categories 1 equal cash flow series, 2 linear gradient series, and 3 geometric gradient series. To simplify the description of various interest formulas, we will use the following notation 1. Uniform Series Probably the most familiar category includes...