Talking about planning. monitoring and control of project cost. The most important to know is the estimated cost at completion.

It is not managing time but managing resources to complete the project on schedule.

Discussion on the importance to monitor and manage CPM

80% of Project Management is risk management.

Discussion on project scope and what to take care.

PCM is critical to successful project execution.

Discussion on the importance of stakeholders management to ensure project success.

Looking at the present PMBOK 6th Edition. More discussion on 10 Knowledge Areas in the next 10 weeks.

About 75% projects are delayed. Many reasons caused project delays.I talked about them in this episode.

What is Project Delivery System?

Definition of a Project Delivery System—A project delivery system defines the structure of the relationships of the parties, the roles and responsibilities of the parties, and the general sequence of activities required to deliver the project (PDI, 1999, p. 4).

To ensure the projects are planned and executed well to meet the goals of the project, the project must choose the most appropriate project delivery system for every project .No one system fits all projects.