311_session_27_project_management_hiroshi

311_session_27_project_management_hiroshi - Project...

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1 Project Management BUAD311 Session 27 Hiroshi Ochiumi
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2 Objectives Introduction to Project Management Schedule Project Activities Notation CPM PERT
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3 Why Project Management? Projects represent change and allow organizations to effectively introduce new products, new process, new programs Project management offers a means for dealing with dramatically reduced product cycle times Projects are global, making them more difficult to manage without a formal methodology Project management helps cross-
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4 Importance of Project Management The design of a new cell phone Is it important to reduce the design time of a new cell phone? How can it be reduced? Is the design of a new cell phone globalized? Why do we need cross functional teams?
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5 Project (Mis)management Gateway Arch (St. Louis, MO) In 1935, an area of 40 city blocks were purchased. In 1947 Design Competition Construction 1963-1965 Denver International Airport Cost overrun by 200% Passenger traffic in the opening year was half of projection. Channel Tunnel Construction cost overrun of 80% Financing cost 140% higher than estimate.
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6 Definitions Project Series of related jobs or tasks focused on the completion of an overall objective. New Product Development Construction of a bridge, or an airplane. Making a movie Project Management Planning, directing, and controlling resources to meet the technical, cost, and time constraints of the project.
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7 Project Scheduling Activity Task or set of tasks Use resources Merge Activity: an activity that has two or more preceding activities on which it depends. Burst Activity
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This note was uploaded on 12/18/2009 for the course BUAD 311 at USC.

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311_session_27_project_management_hiroshi - Project...

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