DANCEST 805 Lecture Notes - Lecture 17: Longest Path Problem, Forward Pass, Project Management Body Of Knowledge
Document Summary
According to pmi (project mngnmt institute): a temporary endeavor undertaken to create a unique product, service or result . According to pmi : the application of knowledge, skills, tools and techniques to project activities to meet project requirements . Pmi has emerged to educate practicing managers on state-of-the-art tools and techniques. Industry trends have also pushed project mngmt 2 particular trends: the faster pace of strategic change, the changing role of middle management (the role has shrunk because of advanced information systems) 5 phases of a generic project: concept phase. Here, project planners develop a broad definition of what the project is and what its scope will be. Planners identify key resources, budget requirements, time consideration. Key outputs: initial budget estimates, estimates of personnel needed, required completion dates. Project planners identify how to accomplish the work, how o organize for the project, the key personnel and resources required to support the project,
