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

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 450
• Professor: Peter Monkhouse

Document Summary

Operations: semi-permanent charter, organization and goals, mai(cid:374)te(cid:374)a(cid:374)(cid:272)e of (cid:862)status (cid:395)uo(cid:863, standard product or service, homogeneous teams, ongoing. Projects: performed by individuals, limited by constraints including resource constraints, planned, executed, monitored, and controlled, 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. Project: a temporary endeavour undertaken to create a unique product, service, or result. A(cid:374) o(cid:374)goi(cid:374)g (cid:449)o(cid:396)k effo(cid:396)t is ge(cid:374)e(cid:396)all(cid:455) a (cid:396)epetiti(cid:448)e p(cid:396)o(cid:272)ess (cid:271)e(cid:272)ause it follo(cid:449)s a(cid:374) o(cid:396)ga(cid:374)izatio(cid:374)"s e(cid:454)isti(cid:374)g 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. Composed of a series of interdependent tasks. Require input from people with different kinds of knowledge and expertise. Means that they tend to be complex.