Required background knowledge

In implementing time management, while it is a basic requirement to have overall knowledge and experiences concerning the project performance, knowledge as shown below is also required background knowledge. 1) Overall knowledge concerning project management technologies such as Scope Management (see P.149), Time Management and others. 2) CPM (Critical Path Method) and the scheduling technique using a network (for their outline refer to the Scheduling by means of the CPM method, P.160). 3)...

Outline of time management

Time management is a series of work processes used to optimize all the work resources under the constraints of time in order to achieve the targets of the project such as the target delivery time, realization of the income and expenditure balance, etc. What is important in time management is to devise an efficient plan of work procedures measuring time against the products or services included in the project, control of the progress according to the plan, and to foresee and mange the factors...

Investment Collection

In the case of a new investment, it is necessary to closely examine what sorts of values would be generated by it. It affects the scope of investment. When aiming an investment portfolio, a target market needs to be correctly set, and it is essential to consider various forms of collection according to the life cycle of investment. For instance, if the market for investment is not limited to Japan but expanded to the world, the portfolio can be advanced. When developing and selling a new...

Chaos Complex System and Project Management

In the world of computer simulations, in particular, it has been recognized that there is a problem that, even though the working of individual elements is definite and has regularity, unexpected results occur. For example, in a non-linear equation to forecast the weather, a minute change in the initial value gives an unexpected result. More amazingly, if all the results of a calculation are plotted on a screen, even the values are random, a form appears that has regularity as a whole. A...

Project Management Cycle Support Function

The role of information systems in project management is to support the processing of each management work, and to enable the objective of each management work to be attained efficiently and effectively, and also to provide an environment that allows the results of each management to be accumulated and reused as knowledge resources so that they can be shared and utilized. The project management cycle support function is prepared for each management work, consisting of the following 6 functions.

Relationship of Project Management and Systems Engineering

Assignment of project teams is often a new area for the people concerned. Therefore, more than a few projects seek support from systems engineering. Inversely, with systems engineering applied assignment, the majority get support from project management technology. So project management and systems engineering technologies are spoken often of as twin brothers. Actually in space travel plan by NASA and defensive missile development plan by the U.S. military force, necessity of systems...

Scheduling by the CPM method

As mentioned above, in order to achieve the target of the project successfully, proper planning management of the project schedule (time) is an important element. In recent years, as projects increase in complexity, technologies become of high grade, and tasks become more complex at a rapid pace in order to realize more efficient project performance, more and more elaborate planning management is required. In such a context, the effectiveness of techniques that use networks such as CPM...

Outline of cost management

Cost management is a series of processes that starts with devising a budget for completing a project, and with the budget being set at the target, all the tasks and resources required for completing the project are converted to the index called cost and optimized. To put it concretely, regarding the products or services contained in the project, the work is controlled by a single index called cost, following the procedure of estimation, study of income and expenditure, budget distribution,...

Chapter B Project Resources Management

Project Management, project resources consist of six types material, platform, human, intellectual, information, finance. Assuming that the various processes and techniques that constitute project management correspond to the software in a computer system, resources can be compared to the hardware that supports the system. Needless to say, a project will not function if either is omitted. A project can only be completed when adequate resources are secured at an appropriate time...

Yearly Debt Service Coverage Ratio

An index to indicate how many times cash flow before the principal and interest payment for each fiscal year during a loan period is greater than the principal and interest to be paid during the relevant fiscal year. The following formula is used for calculation (The sum of cash flow before the payment of principal and interest for each fiscal year) (The principal and interest paid for the relevant fiscal year) The calculation is made for both each fiscal year and the entire loan period because...