COMMERCE 4OB3 Lecture Notes - Lecture 3: Beta Distribution, Forward Pass, Work Breakdown Structure
22 Mar 2016
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Document Summary
Management of projects that take months or years to complete involve 3 phases: 1. Planning: goal seing, deining the project, and team organizaion: 2. Scheduling: relates people, money, and supplies to speciic aciviies and relates aciviies to each other: 3. Controlling: the irm monitors resources, costs, quality, and budgets. It also revises or changes plans and shits resources to meet ime and cost demands. Project organizaion: an organizaion formed to ensure that programs (projects) receive the proper management and atenion. For companies with muliple large projects, a project organizaion is an efecive way of assigning the people and physical resources needed. Work can be deined with a speciic goal and deadline: 2. The job is unique or somewhat unfamiliar to the exising organizaion: 3. The work contains complex interrelated tasks requiring specialized skills: 4. The project is temporary but criical to the organizaion: 5. The manager heading a project coordinates aciviies with other departments and reports directly to top management.
