OMIS 352 class 6 - 4Feb2016 - Managing Projects in Business...

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Managing Projects in Business OMIS 352 Class 6 – 4 February 2016 Prof. John Pendergrass 1
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Agenda Quiz “Triple” constraints Project Management Plan Prof. John Pendergrass 2
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Prof. John Pendergrass 3 Performance (P) Cost (C) Time (T) C = f (P,T,S) Scope (S)
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Scope Prof. John Pendergrass 4 The work to be done for the project to be completed. The functional elements that comprise the end deliverable.
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Time Prof. John Pendergrass 5 The amount of time required to produce the deliverable is directly related to the amount of work to be done (scope), along with the amount of resources allocated to the project (cost), and the acceptable performance (quality) characteristics.
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Cost Prof. John Pendergrass 6 Cost encompasses human resources, labor, risk estimates, bills of materials, etc. All aspects of the project that have a monetary component are part of the overall cost structure.
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Performance (Quality) Prof. John Pendergrass 7 The acceptable manner in which something fulfills its intended
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Unformatted text preview: purpose. The degree of character with respect to excellence. Managing Constraints Prof. John Pendergrass 8 1. Fully understand the nature and extent of each constraint, and fully appreciaTng the consequence of a change to any constraint. 2. CommunicaTng this informaTon to the client and stakeholders and ensuring that rami±caTons are understood should any constraint change. 3. Monitor key a²ributes of each constraint for change, or ³uctuaTon. The trade-of Prof. John Pendergrass 9 The trade-of Prof. John Pendergrass 10 ? The trade-of Prof. John Pendergrass 11 B E T R 12 Prof. John Pendergrass Class Assignment • In a group: What might you consider and what acTons might you take to improve performance/quality without raising cost or increasing Tme. • Rubric: A±enTveness and seriousness of the group eFort. • See, “Class assignment 1” under Assessments on Bb. Homework Read chapter 5 (including case studies)...
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