Module02_Slides_Updated.pptx - MGT 610 \u2013 Strategic Perspectives on Project Management MGT610 Module 2 The Impact of Project Risks and Project

Module02_Slides_Updated.pptx - MGT 610 – Strategic...

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1 ©2019 School of Business For academic use only. MGT 610 – Strategic Perspectives on Project Management Thomas G. Lechler Stevens Institute of Technology Hoboken NJ MGT610 Module 2 The Impact of Project Risks and Project Uncertainties
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©2019 School of Business MGT 610 – Strategic Perspectives on Project Management Agenda The role of project plans and plan changes 1. Importance of quality of project planning. 2. Recognize that plan changes and goal changes are different. 3. Analyze the impact of plan and goal changes on project value. 4. Analyze the impact of contextual factors on plan and goal changes. 2
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©2019 School of Business MGT 610 – Strategic Perspectives on Project Management Conceptual Course Framework Risk Uncertainty Planning Projects •Define Robust Baseline •Mitigate Risk •Define Value Proposition •Maximize Value Changing Projects •Analyze Variation •Avoid Change •Seek value opportunities •Embrace Change 3
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4 ©2019 School of Business Plans are Nothing, Changing Plans is Everything The Impact of Changes on Project Success
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©2019 School of Business MGT 610 – Strategic Perspectives on Project Management Conceptual Framework of Project Planning and Changing Hypothesized Relations between the Planning Variables and Success 5
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©2019 School of Business MGT 610 – Strategic Perspectives on Project Management Conceptual Framework – Variable Definitions Plan changes: frequency Goal changes: importance and frequency Planning quality: work breakdown, resource allocation, scheduling, budget Success: efficiency, customer satisfaction Context: Technical Risks: demanding Importance: usefulness, importance for organization Experience: similar project Manpower: personnel losses or transfer Parallel Projects: undertaken at the same time Breakthrough: technological 6
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©2019 School of Business MGT 610 – Strategic Perspectives on Project Management Conceptual Framework – Variable Measurements Scale Measures Efficiency (Alpha:0.86) 1. The project had come in on schedule 2. The project had come in on budget Customer satisfaction (Alpha:0.81) 1.The clients were satisfied with the process by which this project was completed 2. The clients are satisfied with the results of the project Plan changes The project plans (schedule, personnel, budget) were often changed Goal changes (Alpha:0.83) 1. Project goals were often changed 2. At least one major project goal was changed considerably Planning quality (Alpha:0.85) 1.The entire project task (scope) was structured in work packages. 2. Every work package was allocated with a specific time allowance. 3. We knew which activities contained slack time or slack resources. 4.All work packages had a predecessor and a successor work package (except the first and the last).
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  • Fall '08
  • KEENEY

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