MGT 303 Lecture 3: MGT303 Chapter 3 Quiz Notes

• School: University of Miami
• Department: Management
• Course: MGT 303
• Professor: Erkoc Murat

Document Summary

Phases of project management: planning, scheduling, controlling, planning, set goals for time, cost, and performance, define the project, develop work breakdown structure d. Project organization: organization formed to ensure that programs/projects receive the proper management and attention. Works best when: work is defined with guideline b, work contains complex tasks, temporary, cuts across org lines. Work breakdown structure: a hierarchical description of a project into more and more detailed components: scheduling, sequence activities, schedule deliverables, assign people, schedule resources. Gantt charts: planning charts used to schedule resources and allocate time, are low-cost means of helping managers make sure that: activities are planned, order of performance is documented, activity time estimates are recorded, overall project is developed. They do not, however, adequately illustrate the interrelationship between activities and resources. Purpose of project scheduling: shows relationship of each activity to others and to the project.