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The steps of Project planning process is
i. Identifying and Sequencing the Activities
ii. Creating Work Breakdown structure
iii. Developing the Schedule and Budget
iv. Developing the Plan
v. Resources Planning
i. Identifying and Sequencing the Activities
ii. Creating Work Breakdown structure
iii. Developing the Schedule and Budget
iv. Developing the Plan
v. Resources Planning
- a)v, iv, iii, ii, i
- b)ii, i, iv, v, iii
- c)iv, ii, i, v, iii
- d)v, iii, ii, i, iv
Correct answer is option 'C'. Can you explain this answer?
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The steps of Project planning process isi. Identifying and Sequencing ...
Project planning: It is the method to identify work to be done and estimate time, cost, and resource requirements and gain approval to do the project. It helps in understanding the fundamentals of a project.
Various steps in the project planning process:
1. Developing the plan: In this stage scope of the project is defined and documenting a list of specific project goals, deliverables, and tasks. Basically, during this process, we try to establish scope baselines and procedures for scope changes.
2. Work Breakdown Structure: It is a graphical representation of functional elements of the entire project. In this stage, the full scope of work for the project is sub-divided into system, subsystem, components, elements. At the lowest level of the WBS, the elements of work are called work package.
3. Identification and sequencing of activities: The work package as defined in WBS is identified in the form of activities. The activities identified in the above step should be sequenced based on the order in which they are needed to be done depending on their interdependencies.
4. Resource planning: The estimation of the amount and the types of resources required for activities is done in this step.
5. Developing the schedule: In order to create an accurate schedule, the activity sequence, duration of each activity, and resource are required and various techniques such as bar chart, milestone chart, etc. are used for project scheduling.
6. Determining budget: It is an estimation of cost and expenses over a specified future period of time. There are two approaches to determine budget:
Top-down approach: First decide the whole project cost and then divide the amount between the work packages.
Bottom-up approach: Estimating the total cost of the project by costing the lower level of work packages first then finding the cost of higher levels of work.
Thus, the correct order of steps as per the given data: iv, ii, i, v, iii.
Various steps in the project planning process:
1. Developing the plan: In this stage scope of the project is defined and documenting a list of specific project goals, deliverables, and tasks. Basically, during this process, we try to establish scope baselines and procedures for scope changes.
2. Work Breakdown Structure: It is a graphical representation of functional elements of the entire project. In this stage, the full scope of work for the project is sub-divided into system, subsystem, components, elements. At the lowest level of the WBS, the elements of work are called work package.
3. Identification and sequencing of activities: The work package as defined in WBS is identified in the form of activities. The activities identified in the above step should be sequenced based on the order in which they are needed to be done depending on their interdependencies.
4. Resource planning: The estimation of the amount and the types of resources required for activities is done in this step.
5. Developing the schedule: In order to create an accurate schedule, the activity sequence, duration of each activity, and resource are required and various techniques such as bar chart, milestone chart, etc. are used for project scheduling.
6. Determining budget: It is an estimation of cost and expenses over a specified future period of time. There are two approaches to determine budget:
Top-down approach: First decide the whole project cost and then divide the amount between the work packages.
Bottom-up approach: Estimating the total cost of the project by costing the lower level of work packages first then finding the cost of higher levels of work.
Thus, the correct order of steps as per the given data: iv, ii, i, v, iii.
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The steps of Project planning process isi. Identifying and Sequencing the Activitiesii. Creating Work Breakdown structureiii. Developing the Schedule and Budgetiv. Developing the Planv. Resources Planninga)v, iv, iii, ii, ib)ii, i, iv, v, iiic)iv, ii, i, v, iiid)v, iii, ii, i, ivCorrect answer is option 'C'. Can you explain this answer?
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