Practical Project Management - RLI Corp. · HVAC Plumbing. Project Selection Methods. Year Cash...

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Practical Project Management Tools and Techniques DPLE 151

Transcript of Practical Project Management - RLI Corp. · HVAC Plumbing. Project Selection Methods. Year Cash...

Page 1: Practical Project Management - RLI Corp. · HVAC Plumbing. Project Selection Methods. Year Cash Flow Present Value 0 -$250,000 -$250,000 ... Uche Okoroha, PMP Senior Risk Management

Practical Project Management

Tools and Techniques

DPLE 151

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RLI Design Professionals is a Registered Provider with The American Institute of Architects Continuing Education Systems. Credit earned on completion of this program will be reported to CES Records for AIA members. Certificates of Completion for non-AIA members are available on request.

This program is registered with the AIA/CES for continuing professional education. As such, it does not include content that may be deemed or construed to be an approval or endorsement by the AIA of any material of construction or any method or manner of handling, using, distributing, or dealing in any material or product. Questions related to specific materials, methods, and services will be addressed at the conclusion of this presentation.

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Copyright Materials

This presentation is protected by US and International Copyright laws. Reproduction, distribution, display and use of the presentation without written permission of

the speakers is prohibited.

© RLI Design Professionals

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Introduction

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Constructing a building

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Plumbing Electrical HVAC

Project Life Cycle

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Plumbing Electrical HVAC

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Electrical

HVAC

Plumbing

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ProjectSelectionMethods

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Year Cash Flow Present Value

0 -$250,000 -$250,000

1 $100,000 $90,909.09

2 $200,000 $165,289.26

3 $300,000 $225,394.44

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Criteria Weight Project A Project B Project C

Profitability 10 7 5 8

Risk Tolerance 8 6 8 4

Demand 5 7 5 8

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StakeholderAnalysis

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A (Definitive)

B (Dominant)

C (Dangerous)D (Dependent)

E (Dormant)

F (Discretionary)

G (Demanding)

H (Non-Stakeholder)

A = 1st PriorityB, C, D = 2nd PriorityE, F, G = 3rd Priority

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ProjectRequirements

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ProjectScope

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2.1.2 Running Wire

2.1.1 Placing Conduit

Work: 100% Budget: $300,000

Work: 30% Budget: $75,000 Work: 30% Budget: $75,000Work: 40% Budget: $150,000

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Laurel Tenuto, Client Risk Management Coordinator [email protected]

Uche Okoroha, PMP Senior Risk Management Consultant [email protected]

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