Summary INTRO TO PROJECT MANAGEMENT TEXTBOOK CH 17 NOTES

INTRO TO PROJECT MANAGEMENT CH 17
Saturday, January 23, 2021 6:10 PM



- Project planning
- Work breakdown structure
- Gantt chart
- PERT CPN methods
§ Determinisic durations
§ Probabilistic durations
§ Path probabilities
- Project crashing




PROJECT
- A series of related jobs or tasks focused on the completion of an overall
objective
- All projects are expected to achieve the following project performance
goals:
• to be completed within time/schedule, cost/budget, and
quality/scope guidelines.
• To accomplish this
® projects must be authorized,
® their objectives and scope must be established,
® a project manager should be appointed, and the
project must be planned
- Projects do not involve routine operations that are performed repeatedly

PROGRAM MANAGEMENT
- Planning, directing and coordinating resources to meet the
technical requirements cost and time constraints of the project
- Project management triange:
• Cost/budget/ time schedule\ quality scope _ =
perforable objectives
- Project management differs from management of more traditional
operations in that it is more limited with the time frame of projects

PROGRAM

, - Project management triange:
• Cost/budget/ time schedule\ quality scope _ =
perforable objectives
- Project management differs from management of more traditional
operations in that it is more limited with the time frame of projects

PROGRAM
- A long term goal (project) which may involve several smaller
projects
► Ex) university's research
program, nasa's space
program, etc..




PROJECT PHASES
- Projects go through a life cycle or a series of project phases which
include:

1. Project initiation:
- Starts with the description of the project and
scope
► Ex) computer aided
evaluation system
► Fleet and inventory tracking
systems,etc..
- We define
→ Key resources
→ Budget requirements (+/- 30%)
→ Time consideration
→ Feasibility / worthiness with respect to
time

- Project portfolio selection
→ Detailed product definition
→ Scope *the work that needs to be
accomplished to deliver a good or
service / the specified objective
→ Threats / challenges