Evaluate The Contribution That Project Planning Can Make To Managing Risks In Supply Chains

Front 1

Project planning contributes in a number of ways:

Back 1

It forces those involved to consider potential risks and vulnerabilities,
It identifies the deliverables, likely duration and cost of the project,
It determines resources required at each stage of the project,
It allows time for the examination of costs quoted, challenging of busniess need and over-specification,
It identifies the tasks to be undertaken, the sequence and timing within which they need to be undertaken and any dependancies between tasks,
It underpins control processes,
It provides for end-stage or gateway reviews,
It specifically establishes expenditure budgets,
It provides tools and outputs,
It supports management by exception,
It allows the needs, views and interests of project stakeholders to be taken into account

Front 2

Identifying activities

Back 2

Work Breakdown Structure by:
Activity,
Funtional area,
Product

Front 3

Sequencing activities depends on:

Back 3

Dependencies between activities,
Interactions between activities,
Resource requirements of activities,
Durations or timings of activities

Front 4

Estimating activity timings techniques

Back 4

Bottom-up estimating,
Top-down estimating,
Comparative estimating,
Parametric estimating,
Three-point estimating

Front 5

Etsmiating project costings (basic techniques):

Back 5

Various statistical techniques,
An activity schedule costing approach,
Bills of quantity,
From a client point of view by estimate of project contractor

Front 6

Two main approaches to establishing project budgets:

Back 6

Top-down budgeting,
Bottom-up budgeting

Front 7

Critical path analysis can be done using:

Back 7

Network analysis

Front 8

Gantt Charts

Back 8

Read through

Front 9

Baselines

Back 9

A set of assumptions and methods that are used as the base evaluation of risk. in project management, a baseline is the projects's original plan: that is, the starting schedules and milestones.

Front 10

Optimising resource allocation (2 main problems):

Back 10

Over-allocated,
Under-allocated.

Resource smoothng / levelling used to come to efficient use of resources.