Lecture02 (6 slides per page)

Lecture02 (6 slides per page) - BUS 105: Production and...

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BUS 105: Production and Operations Management Copyright: Mohsen Elhafsi 2010 BUS 105 BUS 105 Production and Operations Production and Operations Management Management Project Project Management Management BUS 105: Production and Operations Management Projects Unique, one Unique, one -time operations designed to accomplish a specific time operations designed to accomplish a specific set of objectives in a limited time frame. set of objectives in a limited time frame. Build A A Done Build B B Done Build C C Done Build D Ship JAN FEB MAR APR MAY JUN On time! BUS 105: Production and Operations Management Characteristics of a Project A unique, one-time effort Requires the completion of a large number of interrelated activities Resources, such as time and/or money, are limited Typically has its own management structure Constructing a shopping mall Installing a new computer system Moving a firm to a new location Launching a space shuttle Introducing a new product to the market place BUS 105: Production and Operations Management Project Management How is it different? Limited time frame Narrow focus, specific objectives Less bureaucratic Why is it used? Special needs Pressures for new or improved products or services BUS 105: Production and Operations Management Project Management What are the Key Metrics Time Cost Performance objectives What are the Key Success Factors? Top-down commitment Having a capable project manager Having time to plan Careful tracking and control Good communications BUS 105: Production and Operations Management Project Management What are the Major Administrative Issues? Executive responsibilities Project selection Project manager selection Organizational structure Organizational alternatives Manage within functional unit Assign a coordinator Use a matrix organization with a project leader
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BUS 105: Production and Operations Management Copyright: Mohsen Elhafsi 2010 BUS 105: Production and Operations Management Project Management What are the tools? Work breakdown structure Network diagram Gantt charts Risk management BUS 105: Production and Operations Management Planning Scheduling Locate new facilities Interview staff Hire and train staff Select and order furniture Remodel and install phones Move in/startup MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Gantt Chart BUS 105: Production and Operations Management Key Decisions Deciding which projects to implement Selecting a project manager Selecting a project team Planning and designing the project Managing and controlling project resources Deciding if and when a project should be terminated BUS 105: Production and Operations Management Project Manager Work Quality Human Resources Time Communications Costs BUS 105: Production and Operations Management Project Life Cycle Concept Feasibility Planning Execution Termination Management
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Lecture02 (6 slides per page) - BUS 105: Production and...

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