tp3 - MASSACHUSETTS INSTITUTE OF TECHNOLOGY CIVIL AND...

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MASSACHUSETTS INSTITUTE OF TECHNOLOGY CIVIL AND ENVIRONMENTAL ENGINEERING DEPARTMENT CENTER FOR CONSTRUCTION RESEARCH AND EDUCATION CENTER FOR CONSTRUCTION RESEARCH AND EDUCATION 1.040/1.401 S YSTEM P ROJECT M ANAGEMENT S PRING 2004 T ERM P ROJECT P HASE 3: D ATA C OLLECTION DUE: A PRIL 28, 2004 CIVIL AND ENVIRONMENTAL ENGINEERING DEPARTMENT MASSACHUSETTS INSTITUTE OF TECHNOLOGY
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1.040/1.401 System & Project Management Spring 2004 Term Project Phase 3 I. D ESCRIPTION Term Project 3 is the final data-collection exercise for your term project. At this phase, you have to choose one of the two projects you proposed in Term Project 2, and gather extensive information on it. Because of this, you will NOT be required to submit a polished report. For this phase you may submit hard copies of your raw data in any form (this may include copies from project reports, proposals, computer printouts, screen shots or memos)—See note on confidentiality below. However, if you choose to submit hardcopies, they must be submitted to Professor no later than 1pm Wednesday, April 28. Remember that your objective here is to collect as much data as is necessary to support your arguments and analysis in the term project Part 4, and NOT to prepare a polished report. The following questions are intended to guide and direct your data collection. Try to gather information that answers these questions, either in its initial (raw) form, or after some interpretation or analysis. II. P ROJECT E VALUATION o What were the major anticipated achievements of the project and what resources were thought to be required in order to obtain those benefits (social, financial, strategic). o Quantify Benefits (as $ or utility) if possible. o What activities were undertaken to evaluate the project? o If the perceived benefits changed during the course of the project, how and why did they change? o How realistic and relevant were the project goals and objectives? o What changed as a result of the project? o Are there more cost-effective ways to achieve the project's objectives? o Feasibility Analysis o Develop success indicators and their measures o Identify technology, cost and schedule risk o Identify Environmental Factors and risks o Challenge potential risk & benefit buffers and sources of flexibility III. P ROJECT O RGANIZATION : o Contractual arrangements with general contractors, suppliers, sub-contractors, and other internal organizations. o
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This note was uploaded on 10/29/2008 for the course PM 1040 taught by Professor Dr.nathanielosgood during the Spring '04 term at MIT.

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tp3 - MASSACHUSETTS INSTITUTE OF TECHNOLOGY CIVIL AND...

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