SCJNY OM 651 - Class 2 Wrap Up (18 pages)

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Class 2 Wrap Up



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Class 2 Wrap Up

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Lecture Notes


Pages:
18
School:
St. Joseph's College New York
Course:
Om 651 - Project Management

Unformatted text preview:

Class 2 Wrap Up OM 651 Strategy Organizational Design Summary of this Class Important Concepts and Tools SMAC ideas Things to think about 01 14 19 St Joseph s College Dr Coty Keller OM 651 2 Important Tools and Concepts Strategic planning Project selection process Project selection tools Organizational design Matrix structure Network Structure Culture 01 14 19 St Joseph s College Dr Coty Keller OM 651 3 Strategic Planning Process 01 14 19 St Joseph s College Dr Coty Keller OM 651 4 Project Screening Process 01 14 19 St Joseph s College Dr Coty Keller OM 651 FIGURE 2 5 5 Project Selection Tools 01 14 19 St Joseph s College Dr Coty Keller Capital Budgeting Preference Project Screening Matrix Portfolios of Projects by Type Project Portfolio Matrix OM 651 6 Capital Budgeting Criteria Payback popular because of simplicity but limited IRR easy concept to understand return on investment Net Present Value good model of shareholder wealth 01 14 19 St Joseph s College Dr Coty Keller OM 651 7 Preference Project Screening Matrix 01 14 19 St Joseph s College Dr Coty Keller OM 651 FIGURE 2 3 8 Sensitivity Analysis 01 14 19 Estimates and assumptions in capital budgeting models are all uncertain Criteria weights and score for alternatives in preference matrix represent subjective judgments Risk assessment tool Use sensitivity analysis to challenge your assumptions and see if decision is sensitive to reasonable change in estimates St Joseph s College Dr Coty Keller OM 651 9 Portfolio of Projects by Type 01 14 19 St Joseph s College Dr Coty Keller OM 651 FIGURE 2 2 10 Project Portfolio Matrix 01 14 19 St Joseph s College Dr Coty Keller OM 651 FIGURE 2 7 11 Designing the Organization for Project Success Structure options Matrix Network Process is what matters most Project selection as part of strategic planning Project execution Culture 01 14 19 St Joseph s College Dr Coty Keller OM 651 12 Network Structures may prove more effective than the Matrix for YOUR organization 01 14 19 St



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