ITM 305 Chapter Notes - Chapter 9: Work Breakdown Structure, Project Risk Management, Risk Management

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 305
• Professor: Lin Ying Dong

Document Summary

6 phases of a project: enthusiasm, disillusionment, panic, search for guilty, punishment of the innocent, praise and honor for the non-participant. The core process plan and monitor the project includes the following activities: 1) establish the project environment: schedule the work, staff and allocate resources, evaluate work processes, monitor progress and make corrections. The top 5 reasons why projects fail to deliver promised roi are: Organizing and directing other people to achieve a planned result within a predetermined schedule and budget. The processes used to plan the project and then to monitor and control it. Project management body of knowledge (pmpok) is organized into 9 knowledge areas: Project scope management defining and controlling the functions that are to be included in the system as well as the scope of the work to be done by the project team. Project time management creating a detailed schedule of all project tasks and then monitoring the progress of the project against defined milestones.