Book Image

Learning Microsoft Project 2019

By : Srikanth Shirodkar
Book Image

Learning Microsoft Project 2019

By: Srikanth Shirodkar

Overview of this book

Microsoft Project is one of the most popular project management tools for enterprises of all sizes thanks to its wide variety of features such as project scheduling, project budgeting, built-in templates, and reporting tools. Learning Microsoft Project 2019 will get you started with the basics and gradually guide you through the complete project life cycle. Starting with an overview of Microsoft Project 2019 and a brief introduction to project management concepts, this book will take you through the different phases of project management – initiation, planning, execution, control, and closure. You will then learn how to identify and handle problems related to scheduling, costing, resourcing, and work allocation. Understand how to use dynamic reports to create powerful, automated reports and dashboards at the click of a button. This Microsoft Project book highlights the pitfalls of overallocation and demonstrates how to avoid and resolve these issues using a wide spectrum of tools, techniques, and best practices. Finally, you will focus on executing Agile projects efficiently and get to grips with using Kanban and Scrum features. By the end of this book, you will be well-versed with Microsoft Project and have the skills you need to use it effectively in every stage of project management.
Table of Contents (32 chapters)
1
Section 1: The Iron Triangle – a Quick Primer for Project Management
3
Section 2: Project Initiation with Microsoft Project
8
Section 3: Project Planning Like a Pro!
13
Section 4: Project Execution – the Real Deal
15
Chapter 11: Overallocation – the Bane of Project Managers
18
Section 5: Monitoring and Control with Microsoft Project
23
Section 6: Project Closure with Microsoft Project
Appendix A: Using This Book as a Textbook
Appendix C: Keyboard Shortcuts
Appendix D: Glossary

Costing of work resources

Projects that need greater diligence in monitoring and control will choose to implement a project costing plan. It is your choice whether to cost your project or not. There is a great deal of flexibility available in costing, as we will see in the upcoming sections. Choosing to reflect a higher costing realism will incur a significant increase in your activities as a project manager. In the next section, we will begin with costing techniques for work resources by using the simplest use cases possible.

Standard rate of pay

For any work assignment, the cost will be calculated by a basic formula: Standard rate of pay * hours worked. You can specify the rate of pay using any mode that's used in your organization – hourly, daily, monthly, or yearly. Refer to the following screenshot, where the Std. Rate column has been now filled in for the work resources we created earlier:

Figure 15.11 – Set standard rates of pay...