BA 341 1st Edition Lecture 19 Outline of Last Lecture I Ch 7 S Break even Analysis II QM A Decision Making Tools III Module D Waiting Line Analysis Queueing Outline of Current Lecture IV A Project V Characteristics of a Project VI Main Project Objectives VII The Project Manager VIII Project Scheduling IX Work Breakdown Structure Current Lecture Introduction to Project Management A project is a temporary endeavor undertaken to create a unique product or service Characteristics of a Project Purpose a one time activity with well defined desired end results Temporary has a definite beginning and a definite end hence a finite duration Life Cycle projects evolve in steps from a slow beginning they progress to a build up of size then peak begin a decline and then must be terminated Interdependencies projects can interact with other projects within the same parent organization and most typically with the functional departments marketing finance manufacturing etc of the firm o How are projects organized As part of the functional organization Matrix organization Pure Project Uniqueness every project has elements that make it unique e g an office building has different owners design location contractors etc These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute Conflict projects vs functional dept and project vs project with respect to resources and personnel Examples of Projects Honda introduces Insight Apple launches iOS 6 Construction of Haslam Business Building Columbia Pictures produces The Amazing Spider Man Pfizer launches Sudafed Why Project Management Exponential expansion of knowledge Growing demand for complex customized goods and services Globalization of worldwide markets Ever expanding size of projects Main Project Objectives 1 Performance scope refers to the outcomes deliverables of the project and compares them against project specifications and stakeholders expectations 2 Cost 3 Time The Project Manager Responsible to o The parent organization o The client o The project team Major challenges o Selecting and motivating the personnel o Dealing with obstacles o Making project goal trade offs o Communicating with all parties o Dealing with project risks and potential failure What is takes to be a good project manager Strong technical and managerial background Credibility Excellent communication skills Excellent organizational planning goal setting skills Negotiator and team builder Sensitive to political issues Ability to handle pressure The role of Project Manager consists of Constantly balancing customer expectations and achievement of internal business objectives while simultaneously delivering within the triple constraint Schedule Costs Requirements Project Scheduling Goal Want to identify and use effective tools for planning scheduling and monitoring project progress Common inputs to Project Scheduling List of project tasks subtasks work packages and activities Logical sequence of activities in the project Activity durations Resources involved and their availability Usually presented as o Work breakdown structure WBS o Precedence tables Work Breakdown Structure Level 1 The project main task Level 2 Major tasks for the project Level 3 Subtasks Level 4 Activities work packages
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