BIT 4484 Chapter Notes - Chapter 1: Executive Sponsor, Project Stakeholder, Communications Management

• School: Virginia Tech
• Department: Business Information Technology
• Course: BIT 4484
• Professor: P J Fernandez

Document Summary

Project: a temporary endeavor undertaken to create a unique product, service, or result. Project attributes: unique purpose, temporary, developed using progressive elaboration or in an iterative fashion, requires resources, often from various areas can include people, hardware, software, or other assets, primarily have a customer or sponsor. Project sponsor: usually provides the direction and funding for the project. Project managers: work with the project to define, communicate, and meet project goals. Triple constraint: scope, time, and cost: scope: work that will be done as part of the project, time: how long the project will take, cost: the cost it will be to complete the project, project budget. *quadruple constraint* - quality: how good the quality of products/services need to be to satisfy the customer. Typical project constraints: scope, time, cost, resources, risk, quality: project managers know that they must decide which constraints weigh the most importance and adjust accordingly.