BU385 Chapter Notes - Chapter 17: Critical Chain Project Management, Beta Distribution, Standard Deviation
Document Summary
Project a unique, large, one-time job requiring special activities to accomplish a specific objective in a limited time frame. Performance goals- for a project: keeping the project within schedule, budget, and quality guidelines. Projects must be authorized, their objectives and scope must be established, a project manager should be appointed, and the project must be planned. Projects go through a series of stages or phase a life cycle which include project initiation, planning and scheduling, execution, control, and closeout. Project execution involves purchasing the material, and using team members and subcontractors to perform the activities/tasks. 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 from inception to completion, meeting the project"s requirements and ensuring completion on time, within budget, and to the required quality standards.
