3110_Lecture_Ch 1, 2, 3

3110_Lecture_Ch 1, 2, 3 - Project Management Instructor:...

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1 Project Management Instructor: Dr. Vish Hegde Lecture Chapter 1, 2, 3 ©All Rights Reserved by Dr. Vish Hegde 1 What is a Project? • Project Defined – A complex, nonroutine, one-time effort limited by time, budget, resources, and performance specifications designed to meet customer needs. • Major Characteristics of a Project – Has an established objective. – Has a defined life span with a beginning and an end. – Requires across-the-organizational participation. – Involves doing something never been done before. – Has specific time, cost, and performance requirements. ©All Rights Reserved by Dr. Vish Hegde 2
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2 Project Life Cycle ©All Rights Reserved by Dr. Vish Hegde 3 Project versus Routine Operations? Routine Operations Projects • Repetitive Unique • Continuous Limited life span • Department Multiple stakeholders • Supervisor Sponsor • Stable demand sources Variable demand for resources • Stable environment Uncertain environment • Limited, specialized skill set Variety of resource skills ©All Rights Reserved by Dr. Vish Hegde 4
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3 Routine, Repetitive Work Taking class notes Daily entering sales receipts into the accounting ledger Responding to a supply-chain request Practicing scales on the piano Routine manufacture of an Apple iPod Attaching tags on a manufactured product Projects Writing a term paper Setting up a sales kiosk for a professional accounting meeting Developing a supply-chain information system Writing a new piano piece Designing an iPod that is approximately 2 X 4 inches, interfaces with PC, and stores 10,000 songs Wire-tag projects for GE and Wal-Mart ©All Rights Reserved by Dr. Vish Hegde 5 Programs versus Projects • Program Defined – A series of coordinated, related, multiple projects that continue over an extended time and are intended to achieve a goal. – A higher-level group of projects targeted at a common goal. – Example: • Project: completion of a required course in project management. • Program: completion of all courses required for a business major. ©All Rights Reserved by Dr. Vish Hegde 6
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4 The Project Manager • Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. – Marshals resources for the project. – Is linked directly to the customer interface. – Provides direction, coordination, and integration to the project team. – Is responsible for performance and success of the project. • Must induce the right people at the right time to address the right issues and make the right decisions. ©All Rights Reserved by Dr. Vish Hegde 7 The Importance of Project Management • Factors leading to the increased use of project management: – Compression of the product life cycle – Knowledge explosion – Triple bottom line (planet, people, profit) – Corporate downsizing – Increased customer focus – Small projects represent big problems ©All Rights Reserved by Dr. Vish Hegde 8
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3110_Lecture_Ch 1, 2, 3 - Project Management Instructor:...

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