ITPM Assignment
ITPM Assignment
Prepared by:
Hafiz Abdul Waheed (BSF-1702053)
BSIT (6th semester evening)
Subject:
IT Project Management
Submitted to:
Mam Iqra Iqbal
University of Education
Division of Science and Technology.
1-Relate the project management process groups to the project management
knowledge areas (PMBOK).
2-Which project management process group includes activity from every single
knowledge area?
Project Planning is the process group which includes activity from every single knowledge area because of tho
following factors.
2: Finalize requirements
3-In which process group should you spend the most time and money?
Project Executing is the process group in which we spend the most time and money because of the following
factors:
Determination of resource cost rates: People who will be working on the project all work at a specific rate.
Any materials you use to build the project (e.g., wood or wiring) will be charged at a rate too. Determining
resource costs means figuring out what the rate for labour and materials will be.
Vendor bid analysis: Sometimes you will need to work with an external contractor to get your project done.
You might even have more than one contractor bid on the job. This tool is about evaluating those bids and
choosing the one you will accept.
Reserve analysis: You need to set aside some money for cost overruns. If you know that your project has a risk
of something expensive happening, it is better to have some cash available to deal with it. Reserve analysis
means putting some cash away in case of overruns.
Cost of quality: You will need to figure the cost of all your quality-related activities into the overall budget.
Since it’s cheaper to find bugs earlier in the project than later, there are always quality costs associated with
everything your project produces. Cost of quality is just a way of tracking the cost of those activities. It is the
amount of money it takes to do the project right.