this project management presentation focus on 4 important topic . like Project Rating Index(PRI), Porter 5 Factor Model, Experience curve, Triple constraint of project .
17. Using Learning Curves :
Learning curves can be used in a variety of ways
.
Bid Preparation
Financial Planning
Labor Requirement Estimation
18. Effects of Experience Curve:
Improved productivity of labor.
Increase specialization.
Innovation in production method.
Value engineering and fine tuning.
Balancing production line.
20. Project Rating Index – The Definition
Is an evaluation method that helps management to carry out
the process of preliminary screening.
In these method, management assign a score for the project.
If the project gets the score below the desired value, the
project is rejected.
21. Steps of Project Rating Index(PRI):
Identify factors relevant for project rating;
Assign weights to these factors;
Rate the project proposal on various factors;
Factor rating × factor weight = factor score;
Add all the factor scores to get the overall project rating
index.
22. Construction of Rating Index:
Factor
Factor
Weight
Rating
Factor
Score
VG
5
G
4
A
3
P
2
VP
1
Input availability 0.25 0.75
Technical know-how 0.10 0.40
Reasonableness of cost 0.05 0.20
Adequacy of market 0.15 0.75
Complementary relationship with
other products
0.05 0.20
Stability 0.10 0.40
Dependence on firm’s strength 0.20 1.00
Consistency with governmental
priorities
0.10 0.30
Rating Index 4.00