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what are the components of a project charter (statement of work)?
task or requirements
deliverables or delivery schedule
place of performance
period of performance
what does WBS mean and where does it go in the project charter?
Work Breakdown Structure --> under scope
what does WBS accomplish?
echoes project objectives
offers a logical structure of the project work
establishes a method of control
communicates project status
demonstrates control structure
What is a work package?
lowest level in WBS
What is the difference between Lump Sum (turnkey) and Cost plus (plus profit) in terms of contracts?
Lump sum --> clear result (e.g. finish app)
Cost plus --> project manager still responsible for delivery)
What are the 5 phases of M&A (Merger & Acquisition) projects?
1. Define M&A strategy
2. Identify target company
3. Conduct due diligence
4. Negotiate, sign and close deal
5. Intergrate operations of seller and buyer companies
what are the 6 things a WBS accomplisheso
1. Echoes project objectives
2. Offers a logical structure of the project work
3. Establishes a method of control
4. Communicates project status
5. Improves communication
6. Demonstrates control structure
Define a Work Package
lowest level in WBS, Deliverable result, miniature projects, milestones, fits organization, trackable
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