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Activity Duration Estimation Tool includes 3 different methods for estimating duration of activities. Designed to be used in conjunction with the Work Effort and Risk Profile Tool.
Work Effort and Risk Profile Tool calculates work effort for up to 20 tasks and visually displays work effort distribution and risk profiles. Designed to be used with values from the Activity Duration Estimation Tool.
Monte Carlo Scheduling Tool uses the Monte Carlo simulation technique to predict activity durations. The Monte Carlo method is based on the generation of multiple trials to determine the expected value of a random variable. This tool also allows for what-if scenarios.
Activity Cost Estimation Tool includes 3 different methods for estimating cost of activities. Designed to be used in conjunction with the Project Budget and Risk Profile Tool.
Project Budget and Risk Profile Tool calculates work effort for up to 20 tasks and visually displays cost distribution and risk profiles. Designed to be used with values from the Activity Cost Estimation Tool.
Monte Carlo Budgeting Tool uses the Monte Carlo simulation technique to predict activity costs. The Monte Carlo method is based on the generation of multiple trials to determine the expected value of a random variable. This tool also allows for what-if scenarios.
Risk Mitigation Analysis Tool assists in prioritizing risks and identifying risk strategies. Designed to be used with activity risk profiles from the Work Effort Tool and the Project Budget Tool.
Earned Value Analysis Tool allows for real-time cost analysis of up to 10 milestones for total project costs. Useful for planning and control.
Resource Impact Analysis Tool is a real-time tool helpful for resource planning and control. Allows you to determine the impact of up to 5 resources on as many as 10 activities. Helpful for assigning activities identified in the other tools. Also useful for crashing a project or activity and analyzing the impact.
Ishikawa Diagram is a graphical method for finding the most likely causes for an undesired effect. The method was first used by Kaoru Ishikawa in the 1960s. Because of its shape, it is also known as the fishbone diagram. Another name for this technique is the cause-and-effect diagram. The fishbone diagram is a method/tool used in a root cause analysis.
The Downloadable PM Toolkits embed the above tools into PowerPoint files. These versions allow you to organize all tools for a single project together as well as use the tools offline. Each zip file is approximately ~ 3.4 Mb. Unzip all files in the zip files to the same folder. Requires the full version of PowerPoint.
Using the Resource Impact Analysis Tool
by Geetesh Bajaj
Microsoft Office Online
Recommended online training from SkillSoft. Several concepts used for the online tools were adapted from this course. Worth 25.5 PDUs for PMI Certifications.
Article on www.techrepublic.com was used to create the Ishikawa Diagram tool. Requires free membership.
Just for Fun
The Cinderella Project is an irreverent look at the traditional fairy tale from a project management perspective.
Do you have an idea for more PM tools? Tell me about it and I'll see if I can develop it.
These tools are provided as a convenience for informational purposes only. I do not recommend the use of these tools over other methods to perform analysis on project planning and risk. Calculations derived from these tools are believed to be accurate, but are not guaranteed. These tools are provided "as is" without warranties of any kind, either express or implied, including without limitation warranties of merchantability and fitness for a particular purpose. I use reasonable efforts to include accurate and up-to-date information on these tools. I do not, however, make any warranties or representations as to accuracy or completeness. You use these tools at your own risk. I periodically add, change, improve, or update the information on these tools without notice. I assume no liability or responsibility for any errors or omissions in the use or content of these tools. I will not be liable for any damages or injury (including but not limited to special or consequential damages) that may result from the use or inability to use any part of these tools.
This site was last updated 13-Nov-2010
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