Saturday, September 13, 2014

Process Groups - How much time and money is typically spent on projects in each of the process groups? Assume you have on year and $100,000 to spend. Justify your answer.

Assuming $100,000 budget and 365 days of time

Initiation: $2,000, 7 days

Planning: $21,000, 76 days

Executing: $69,000, 253 days

M&C: $5,000, 18 days

Closing: $3,000, 11 days

Not too much to justify, I’m a fan of the higher planning phase and the shorter execution phase, and this was, literally, the text book breakdown for the alpha process.

-Matthew Tridento

2 comments:

  1. I agree, although I'd put a little more money and time into planning phase for clarity in how, and what, the project is being worked on. ~LH

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  2. Generally weekends are not included in planning but otherwise good! Pf. Forman

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