May 09 2023 02:47 PM
I have a few projects that started in the late 90! Some of these are completed but need to be closed
Three questions:
1. Is Ms. Project effective in analyzing older projects with little data?
2. How good is MS Project with Financial Management-can it appropriate budgets like other software such as Pentamation?
3. How do you define a baseline for a project that is 28 years old with limited data on resources?
Thanks.
TM
May 09 2023 05:03 PM
May 10 2023 07:19 AM
Here is a scenario: we have two projects started in the late '90s, both multi-million-dollar projects. One is funded from internal revenue (we sell products and services) and the other from external sources. One is completed, but not closed; the other is still active. We have two baselines: one from the late 90s and the other is set with the commencement of our fiscal year, July 2023. We use two budget fields: one is the Actual Cost from the funding sources and the other is internal! All info is embedded in Pentamation- a Financial Management Software, and some in Task Management Software. I have populated the information into MS Project and run a few samples. My data is flawed because specific budget works and costs are not detailed due to the length of these project life cycles. In addition, we have utilized internal and external resources to execute these projects, and we plan to analyze and acknowledge the significant contribution of our internal resources toward these projects. Despite the limited nature of some of this data, these projects are run by competent, top-notch engineers and PMPs. I am working to create a high-level report to capture the value of these projects. I am PMP certified and utilized MS Projects for 20 years to manage projects (mostly, a year duration) and academic programs (a semester). Large projects were done in phases and with proper WBS! Is it possible to reconstruct these two projects with limited budget works and cost data? Am I asking MS Project to perform outcomes that it is not capable of? Thank you for enhancing my MS project skills. TM
May 10 2023 08:33 AM