Chapter 17 Project Mgt

Chapter 17 Project Mgt - Chapter17 ProjectManagement...

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       Chapter 17 Project Management
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    What is a Project? What is a “project”? It is an undertaking that: Is large scale and complex Is one time and unique Has a deadline Can be broken down into sub-projects  that must be performed in a sequence
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    Characteristics of a project Large scale, complex Large budget Extends over a long period of time Large number of people with diverse skills  involved Technically complex, never been under taken  before
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    Characteristics of a project One time, unique: Make one of a kind Not a repetitive operation Less opportunity to correct errors
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    Characteristics of a project Has a deadline Implicit or explicit deadline Penalty for meeting the deadline Rewards for beating the deadline Project schedule determined by  deadline
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    Characteristics of a project Can be broken down into sub-projects Divide project into smaller units called  “activities” Activities must be performed in a  specific sequence Activities are inter-related & inter- dependent Delay in an activity will delay  subsequent activities
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    Project Problems Two major problems: Cost over runs  –  exceeding budget Time over runs – not meeting deadline                        
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    Project Management  Objective Objective of project management: Planning Control
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    Techniques Two techniques: P rogram  E valuation and  R eview  T echnique C ritical  P ath  M ethod
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Chapter 17 Project Mgt - Chapter17 ProjectManagement...

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