MGCR 472 Lecture Notes - Lecture 4: Exptime, Project Management Triangle, Project Management Software

• School: McGill University
• Department: Management Core
• Course: MGCR 472
• Professor: Beste Kucukyazici

Document Summary

Project definition: statement of project, goals, and resources required. Activity definition: content and requirements of each activity. Project scheduling : specification of starting and ending times of all activities. Project monitoring : keeping track of the progress of the project. Involves a team coming together specifically for the project. Project management triangle - key factors in pm are: A study by hughes identified three main reasons for projects failing. A lack of understanding of project management tools and an over reliance on project management software. Failure to adequately adjust to changes that occur during the course of the project. Hughes notes that many managers are apt to lose sight of the project. By focusing on the project management software and managing this rather than the actual proejct. Gantt charts are used for scheduling simple projects. Network diagrams are used for complex projects. Network representation - projects may be represented as networks with: A and b are immediate predecessors of d.