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Summary Chapter 11. Managing projects, crises and business continuity

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Chapter 11 Managing projects, crises and business
continuity

‘Waterfall’ Project Management
 Two basic approaches to project management: waterfall and agile
Originated from Winston W. Royce in 1970; it is based around achieving a tightly specified outcome,
a great deal of planning in advance, and assumes that project implementation will be through a
series of phases or tasks that must be completed in order
Project is a temporary endeavor. It has a definite beginning and end and the delivery of the project
outcomes is constrained by certain criteria which need to be delivered to a certain quality standard,
in a certain time and at an agreed cost.
Differences between operation and project: uniqueness and operations are typically managed by a
hierarchical structure, while by their very nature projects are cross-functional

Project stages
1. Project scope – consists the following: project objectives, main outputs or deliverables,
milestones or significant events, technical requirements, limits and exclusions, how the
project will be evaluated and approved by the customer  it is basically their agreed
contract
2. Planning phase – discuss the feasibility of the project, agree on specific outcomes, plan all
activities necessary to allow the project to be delivered on time; technique is work
breakdown structure (WBS), once this been set then it is usual to instigate a computer-based
planning tool to creates a series of steps to be followed throughout the project. Two most
common planning tools: Gannt chart and network diagram




3. Implementation phase – phase where the action is taken
4. Evaluation phase – formal acceptance stage of the project; evaluate during the process by
continuous improvement, but also in the end

Project standards
The Project Management Institute (PMI) standard A Guide to the Project Management Body of
Knowledge (PMBOK Guide) includes 9 areas of project management knowledge:
1. Integration management – ensuring that the project plans are coordinated
2. Scope management – concerning what is and what is not included in the project
3. Time management – estimates of the time to carry out each activity
4. Cost management – including cost estimating, budgeting, and controlling
5. Quality management – ensures adherence to quality standards
6. Human resource management – effective planning of the use of human capital in the project
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