Read the summary and the most important questions on Better Practices of Project Management Based on IPMA competences – 4th revised edition Based on ICB Version 4 | 9789401800464 | John Hermarij

• 1 A

• 1.7 A7 - Finance

• What is Contignency Reserve?

  Reseved for the manifestation of foreseen risk (the known unknowns).

• What is Management Reserve?

  Reserved for the unforeseen issue (the unknown unknowns)

• 1.8 A8. Resources

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• What is the critical chain?

  Sequence of precedence- and resource-dependent tasks that determines the shortest duration of the project

• What is the Feeding Buffer?

  reserve available at the end of every non-critical chain of activities

• 1.8.1.1 Develop a strategic resource plan

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• Name the advantage & disadvantage of hiring from the permanent organisation

  Advantage: more commitment to the organization
  Disadvantage: if they are critical, and you need them longer, this might not be possible

• Name the advantage & disadvantage of hiring from a third party

  + they have a neme to uphold, will do their best to achieve result, keep you as customer
  - may see your organisation as "cash cow",  inclined to drag the assignment endlessly

• Name the advantage & disadvantage of hiring a freelancer

  + cheaper than consultants and easier to fire than permanent staff
  - interest to keep assignment longer , might leave fast when they find an assignment with better rate

• 1.8.1.3 Acquire the required resources

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• Why can getting resources from the permanent organisation in your project be frustrating?

  Project and deparments have different planning cycles for their resources
  Negotiation is needed and can be difficult if availability of resources is limited

• How to increase availability of resources?

  • Hire sub-contractor
  • Work more hours per day
  • work in shifts
  • Increase productivity
  • Amend the scope

• 1.8.1.5 Monitor resource usage

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• how can you keep track of an assignment to a resource ?

  1. ask how much time was spent
  2. study timesheet
  3. keep track of actual progress