3110_Lecture_Ch 4 & 5

3110_Lecture_Ch 4 & 5 - Project Management...

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1 Project Management Instructor: Dr. Vish Hegde Lecture ©All Rights Reserved by Dr. Vish Hegde 1 Lecture Outline • Defining the Project (Chapter 4) – Step 1: Defining the Project Scope – Step 2: Establishing Project Priorities – Step 3: Creating the Work Breakdown Structure – Step 4: Integrating the WBS with the Organization – Step 5: Coding the WBS for the Information System – Variations of WBS • Estimating Project Times and Costs (Chapter 5) – Estimating Projects – Estimation methods – Estimation guidelines ©All Rights Reserved by Dr. Vish Hegde 2
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2 Step 1: Defining the Project Scope • Project Scope – A definition of the end result or mission of the project—a product or service for the client/customer—in specific, tangible, and measurable terms. • Purpose of the Scope Statement – To clearly define the deliverable(s) for the end user. – To focus the project on successful completion of its goals. – To be used by the project owner and participants as a planning tool and for measuring project success. • Project Scope Checklist – Project objective – Deliverables – Milestones – Technical requirements – Limits and exclusions – Reviews with customer ©All Rights Reserved by Dr. Vish Hegde 3 • Scope Statements – Also called statements of work (SOW) • Project Charter – Can contain an expanded version of scope statement – A document authorizing the project manager to initiate and lead the project. • Project Creep – The tendency for the project scope to expand over time due to changing requirements, specifications, and priorities. Step 1: Defining the Project Scope ©All Rights Reserved by Dr. Vish Hegde 4
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3 Step 2: Establishing Project Priorities • Causes of Project Trade-offs – Shifts in the relative importance of criterions related to cost, time, and performance parameters • Budget–Cost • Schedule–Time • Performance–Scope • Project management trade-offs ©All Rights Reserved by Dr. Vish Hegde 5 Step 2: Establishing Project Priorities • Managing the Priorities of Project Trade-offs – Constrain: a parameter is a fixed requirement. – Enhance: optimizing a parameter over others. – Accept: reducing (or not meeting) a parameter requirement. Project Priority Matrix ©All Rights Reserved by Dr. Vish Hegde 6
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4 Step 3: Creating the Work Breakdown Structure • Work Breakdown Structure (WBS) – An hierarchical outline (map) that identifies the products and work elements involved in a project. – Defines the relationship of the final deliverable (the project) to its subdeliverables, and
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3110_Lecture_Ch 4 & 5 - Project Management...

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