GMS 401 Chapter Notes - Chapter 11: Longest Path Problem, Standard Deviation, Gantt Chart
28 Jun 2018
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GMS – Chapter 11 – Project Management
Project – unique, large, one-time operation designed 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 go through a series of stages or phases which include project initiation, planning and
scheduling, execution control and closeout
Steps for project selection:
1. Establish a project council
2. Identify some project categories and criteria
3. Collect project data
4. Assess resources
5. Prioritize the projects within categories
6. Select projects to be funded
7. Communicate the results to stakeholders and provide the reasons for selection/non
selection
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 projects requirements; and ensuring
completion on time, within budget and to the require quality standards
Responsible for managing:
Work (Activities)
Human resources
Communications
Quality
Time
Costs
Project planning – analyzing the project into work packages and activities, estimating resources
needed and durations, scheduling, etc.
Good risk management entails identifying as many potential risks as possible, analysing and
assessing those risks, and planning a response to avoid, transfer or mitigate the risk
Work breakdown structure (WBS) – a hierarchal structure listing of what must be done during
a project
Identify the major components of the project
Then identify major subcomponents
Then each major support activity is broken down into a list of the activities that will be
needed to accomplish it
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Project unique, large, one-time operation designed 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 go through a series of stages or phases which include project initiation, planning and scheduling, execution control and closeout. Identify some project categories and criteria: establish a project council. 2: collect project data, assess resources, prioritize the projects within categories, select projects to be funded, communicate the results to stakeholders and provide the reasons for selection/non selection. 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 projects requirements; and ensuring completion on time, within budget and to the require quality standards. Project planning analyzing the project into work packages and activities, estimating resources needed and durations, scheduling, etc.
