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1 Actual responsibility 4 May be consulted

2 General supervision 5 Must be notified

3 Must be consulted 6 Final approval

1 Actual responsibility 4 May be consulted

2 General supervision 5 Must be notified

3 Must be consulted 6 Final approval

Figure 5-7: Simplified linear responsibility chart.

as just described; an indirect cost budget for the project, which includes general and administrative overhead costs (G &A), marketing costs, potential penalty charges, and other expenses not attributable to particular tasks; a project "contingency" reserve for unexpected emergencies; and any residual, which includes the profit derived from the project, which may, on occasion, be intentionally negative. In Chapter 7 we argue that the budget used for pricing or calculation of profit should not be the same budget that the PM uses to control the project.

5. Similarly, schedule information and milestone (significant) events can be aggregated into a project master schedule. The master schedule integrates the many different schedules relevant to the various parts of the project. It is comprehensive and may include contractual commitments, key interfaces and sequencing, milestone events, and progress reports. In addition, a time contingency reserve for unforeseeable delays might be included. A graphic example of a master schedule is shown in Figure 5-9.

5.4 WORK BREAKDOWN STRUCTURE, LINEAR RESPONSIBILITY CHARTS 219
Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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