Study Guides (251,293)
CA (122,746)
Ryerson (8,531)
GMS (540)
GMS 450 (28)
Study Guide

[GMS 450] - Final Exam Guide - Everything you need to know! (53 pages long)

53 Pages

Global Management Studies
Course Code
GMS 450
Peter Monkhouse

This preview shows pages 1-4. Sign up to view the full 53 pages of the document.
Ryerson GMS 450 FINAL EXAM STUDY GUIDE find more resources at Lecture 1 Chapter 1 The World of Project Management 1.1 What is a project? Organizations perform work which involves: Operations o Semipermanent charter, organization and goals o Maiteae of status uo o Standard product or service o Homogeneous teams o Ongoing Projects o Performed by individuals o Limited by constraints including resource constraints o Planned, executed, monitored, and controlled o Performed to achieve organizational objectives or strategic plans Each work activity is unique with a specific deliverable aimed at meeting a specific need or purpose How are projects different from operations? Original charter, organization and goals Catalyst for change Unique product or service Heterogeneous teams Start and end date Project: a temporary endeavour undertaken to create a unique product, service, or result. Projects are unique therefore: o Vary widely in size and type o There may be uncertainties about the product, services or results o Tasks can be new to a project team o Projects are undertaken at all organizational levels o Projects can involve a single person, organizational unit or multiple organizational units. A ogoig ok effot is geeall a epetitie poess eause it follos a ogaizatios eistig procedures. (Not a Project) They are unique, specific, timely, usually multidisciplinary, and conflict ridden Do not exist under isolation; often parts of a larger entity or program Projects are parts of overall programs and may be broken down into tasks, subtasks, and further if desired. Attributes of a Project Has a welldefined objective Composed of a series of interdependent tasks Utilizes various resources Has a specific time frame Is a unique or onetime endeavor Has a sponsor or customer Involves a degree of uncertainty find more resources at
More Less
Unlock Document
Subscribers Only

Only pages 1-4 are available for preview. Some parts have been intentionally blurred.

Unlock Document
Subscribers Only
You're Reading a Preview

Unlock to view full version

Unlock Document
Subscribers Only

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.