GMS 401 Lecture 12: GMS401 – Lecture 12*
27 Jan 2017
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Document Summary
Project: unique, large, one-time job requiring special activities to accomplish a specific objective in a limited time frame: examples of projects: Constructing a store, redesigning a business process, designing new goods or services, merging two companies, and designing an information system. Performance goals: keeping the project within schedule, budget, and quality guidelines. Project portfolio selection: deciding which projects to implement strategy. Matrix organization: an organizational structure that temporarily groups together specialists from different departments to work on special projects. Project manager: the person responsible for planning, scheduling, executing, and controlling a project: this involves factors such as: Work, human resources, communications, quality, time, and cost. Project planning: analyzing the project into work packages and activities, estimating resources needed and durations, scheduling, etc. They are related to the occurrence of events that have undesirable consequences such as: delays, increased costs, inability to meet technical specifications. Work breakdown structure (wbs): a hierarchical listing of what must be done during a project.
