GMS 450 Chapter Notes - Chapter 2: Project Manager, Cost Overrun, Videotelephony

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 450
• Professor: Peter Monkhouse

Document Summary

Chapter 2: the manager, the organization, and the team. Project manager is usually selected after the project is selected. The pm is selected through interview between senior management and prospective. Once selected, the pm and/or a senior manager calls a launch meeting of stakeholders, and the knowledgeable people to begin project planning. Compare a project manager with a functional manager (head of manufacturing or marketing division: managing well established unit vs multidisciplinary environment. >must ensure that those working on a project have the appropriate knowledge, resources, and time to accomplish their responsibilities. >being facilitator by resolving con icts between; members of project team; the team and senior manager; different functional manager; etc: analytic approach (leading to local-optima) vs systems approach( nding a global optima) The pm needs to be able to handle the stress that can arise from work situations. Stress is likely to be high when a project is in jeopardy of not meeting its objective because of.