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3110_Lecture_Ch 1, 2, 3

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

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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 Routine Work & Projects: Examples ©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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5 Integrated Management of Projects ©All Rights Reserved by Dr. Vish Hegde
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