2_307_MktgCycle

2_307_MktgCycle - OperationsManagement...

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Operations Management Session 27:  Project Management
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 Session 27 Operations Management 2 Course Objectives Introduction to Project Management Schedule Project Activities Notation Critical path method PERT method
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 Session 27 Operations Management 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 becoming globalized making them more  difficult to manage without a  formal methodology   Project management helps cross-functional teams to be  more effective
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 Session 27 Operations Management 4 Importance of Project  Management The design of a new car Is it important to reduce the design time of a new car? How can it be reduced? Is the design of a new car globalized? Why do we need cross functional teams?
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 Session 27 Operations Management 5 Project (Mis)management 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 Revenue less than half
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 Session 27 Operations Management 6 Why is Project Management  Hard? Main obstacles to easy project success: Poorly defined project objectives or shifting system  specifications Mismatch between project objectives and appropriated  funding What do you think?
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 Session 27 Operations Management 7 Definitions Project : Series of related jobs or tasks focused on the  completion of an overall objective. New Product Development Construction of a bridge, an airplane or a movie Project Management : Planning, directing, and  controlling resources to meet the  technical, cost, and  time  constraints of the project.
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 Session 27 Operations Management 8 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 :  an activity that has more than one activity  immediately following it Event State resulting from completion of one or more activities Consume no resources or time Predecessor activities must be completed B D A C A C B D
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 Session 27 Operations Management 9 Project Scheduling Milestones Events that mark significant progress Network Diagram of nodes and arcs Used to illustrate technological relationships Path Series of activities between start and end of a project
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 Session 27 Operations Management 10 Project Scheduling
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2_307_MktgCycle - OperationsManagement...

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