Chapter three summary Project Management

Chapter three summary Project Management - Chapter 3...

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Chapter 3 Summary CHAPTER THREE Summary STEPHEN SMITH STEPHEN SMITH
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Chapter 3 Summary 1 Chapter 3 starts off with the importance of Project management. The complexity of different scale projects can become challenging for operations managers when it comes to scheduling. Accruing cost and delays are some primary signs due to poor scheduling. We learn that the managerial aspect of projects includes three phases. 1. Planning: Setting goals, defining a project, and team organization 2. Scheduling: People, financial, supplies to certain activities and relates activities to each other. 3. Controlling: Monitoring resources, cost, quality assurance and control, budgets. During this phase, changes may be implemented to mitigate any delays. Project planning is often administered by means of project organization. A project organization is formed to ensure that a project receives the proper management at all levels. Project managers are charged with scheduling and controlling projects. They are responsible for coordinating activities with
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