[GMS 450] - Final Exam Guide - Comprehensive Notes for the exam (23 pages long!)

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

Document Summary

Chapter 1 the world of project management. Organizations are able to accomplish work activities that do not fit neatly into business- as-usual. Performed to achieve organizational objectives or strategic plans. Temporary endeavour undertaken to create a unique product, service or result. Projects can involve a single person, organizational unit or multiple organizational units. Projects are undertaken at all organizational levels. Tasks can be new to a project team. Current trends in project management include achieving strategic goals, routine goals, improving project effectiveness, virtual projects, and quasi-projects. Scope = product scope which is the performance requirements of a project and (project. Scope) the work required to deliver the produce scope. All the works and results (cid:396)e(cid:395)ui(cid:396)ed of the p(cid:396)oject"s deli(cid:448)e(cid:396)ables (meet the customer requirements) Ttl agreed investment required to accomplish the project objectives. Time is the life during bgn & end expectation of the project.