,PRM3701 Exam Study Notes
Contains:
• Exam Study Notes
• Chapter 1 -17
, Student Version
CHAPTER ONE
Modern Project
Management
McGraw-Hill/Irwin
McGraw-Hill/Irwin
Copyright © 2011 by The
McGraw-Hill Companies, Inc. All
rights reserved.
, What is a Project?
• Project Defined
– A complex, nonroutine, one-time effort limited by time,
budget, resources, and performance specifications
designed to meet customer needs.
• Major Characteristics of a Project
– Has an established objective.
– Has a defined life span with a beginning and an end.
– Requires across-the-organizational participation.
– Involves doing something never been done before.
– Has specific time, cost, and performance
requirements.
1–3