Question: Compulsory Project - Difference between soft project & hard project (building of infrastructure, acquisition of land) - Formulate a project relevant to the upgrade of

Compulsory Project

- Difference between soft project & hard project (building of infrastructure, acquisition of land)

- Formulate a project relevant to the upgrade of the school

- Use WBS

- The duration and how to reduce the duration

- Draw network diagram

- Key competencies needed to deliver results - personal skills, knowledge, attitudes.

Project Scheduling

Mathematical derivation of duration using PERT

How to develop a network diagram find the slack/float and critical path

Note- make sure you draw the key

Remember various rules of forward and backward pass

Financial Models

- (learn all decision rules)

- Payback period

- NPV - Discounted payback

- Understanding the concept of Time value of money

- Difference between discounted payback and payback

- Difference between discounted payback and NPV

Stakeholder Management

- Identification and analysis and stakeholder planning

- Identification of stakeholder

- Analyse stakeholders

- Stakeholder planning

- to justify stakeholder planning

- Power - interest grid

- Drop the stakeholders at the correct place in the grid and justify why

- what strategic plans do you put in place to win over stakeholders

- by strengthening those who support and win over those who don't support

Organizational Structures

- With emphasis on structures to manage projects

- Master Functional structure and Matrix structure (weak/balanced/strong)

- What is it?

- How to draw and label the structure /organogram

- Advantages and disadvantages

- Compare functional structure with matrix structure stating their pros and cons

- Reasons to not use the functional structure and instead the matrix structure...vice versa

Risk Management

- What is risk?

- Various approaches to risk management

- Processes of Risk management

- Ways to identify risks involved

- Risk Registrar (like a table)

- documentation of risk

- What are the known risks and unknown risks. Explain

- How to use the various mitigation strategies to solve/manage risk

- Understand the slide with "opportunity & risk" line through the project cycle

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