Lecture 2 - BUS 105 Production and Operations Management...

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BUS 105: Production and Operations Management Copyright: Mohsen Elhafsi 2011 !"# %&’ ()*+,-./*0 10+ 234)1./*05 610174840. Project Management BUS 105: Production and Operations Management !"#$%&’( Build A A Done Build B JAN FEB MAR APR MAY JUN Unique, one-time operations designed to accomplish a specific set of objectives in a limited time frame. B Done Build C C Done Build D Ship On time! BUS 105: Production and Operations Management )*+"+&’%",(’,&( #. + !"#$%&’ ! 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 !"#$%&’ /+0+1%2%0’ ! How is it different? " Limited time frame " Narrow focus, specific objectives " Less bureaucratic ! Why is it used? " Special needs " Pressures for new or improved products or services BUS 105: Production and Operations Management !"#$%&’ /+0+1%2%0’ ! 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 !"#$%&’ /+0+1%2%0’ ! What are the Major Administrative Issues? " Executive responsibilities ! Project selection ! Project manager selection ! Organizational structure " Organizational alternatives ! Manage within functional unit ! Assign a coordinator ! Use a matrix organization with a project leader
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BUS 105: Production and Operations Management Copyright: Mohsen Elhafsi 2011 BUS 105: Production and Operations Management !"#$%&’ )*+*,%-%+’ ! What are the tools? " Work breakdown structure " Network diagram " Gantt charts " Risk management BUS 105: Production and Operations Management !.*++/+, 0&1%23./+, Locate new facilities Interview staff MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Gantt Chart Hire and train staff Select and order furniture Remodel and install phones Move in/startup BUS 105: Production and Operations Management 4%5 6%&/7/#+7 ! 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 !"#$%&’ )*+*,%" Work Quality Human Resources Time Communications Costs BUS 105: Production and Operations Management !"#$%&’ 8/9% :5&.% Feasibility Mana Concept Planning Execution Termination gement BUS 105: Production and Operations Management ;#"< ="%*<2#>+ 0’"3&’3"% Project X Level 1 Level 2 Major Elements Major Level 3 Level 4 supporting activities List of activities
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BUS 105: Production and Operations Management Copyright: Mohsen Elhafsi 2011 BUS 105: Production and Operations Management !"#$ &’( )!* PERT : Program Evaluation and Review Technique CPM: Critical Path Method !
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Lecture 2 - BUS 105 Production and Operations Management...

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