GMS 200 Lecture Notes - Lecture 11: Standard Deviation, Project Management, Normal Distribution

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Amirmohsen Behjat

Document Summary

Define project and the importance of project management. Project: a project is an interrelated set of activities that has a definite starting and ending point that results in a unique outcome for a specific allocation of resources, characteristics: Project organization: temporary structure, uses specialists from entire company, headed by pm. Monitors schedule and costs: permanent structure called matrix organization . Role of the project manager: all activities finished in order and on time, project comes within budget, project meets quality goals, people assigned to project receive motivation, direction and info. Breaking the project into work packages and activities. Work breakdown structure (wbs: a hierarchical listing of what must be done during a project, establishes framework identifying required activities for the project. Breakdown each work package into a list of the activities that"ll be needed to accomplish it. Develop schedule using pert/cm: pert program evaluation and review technique, cpm critical path method, techniques used to schedule and control large projects.