{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Project Management

Project Management - Project Management Project and project...

Info iconThis preview shows pages 1–12. Sign up to view the full content.

View Full Document Right Arrow Icon
1 Project Management Project and project management Critical path method (CPM) Time/Cost tradeoff CPM with uncertain activities
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
2 Michael, a graduateof HKUST Business School, has just started a wedding planning business in Hong Kong. Hehas a meeting with his first client this evening. 1. What information does heneed to get fromthe client? 2. What arethemain issues that hemay need to deal with in planning thewedding?
Background image of page 2
3 Proc select (4) Process Analysis Project (2) Transformation Process Process view Ops strategy (1) Project structure Single vs. three estimates Network diagram CPM: ES, EF, LS, LF, slack Shorten the project time Probabilistic activity times
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
4 Project and Project Management Project A special type of process / transformation A series of related jobs directed toward some major output Require time and resources Examples MS Windows 2000, Fund raising, Preparation for a private party…
Background image of page 4
5 Project management Planning, directing, and controlling resources (people, equipment, material) to meet the technical, cost, and time constraints of the project. Different aspects of PM Team work Leadership We focus on technical aspect
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
6 Project Manager Responsible for: Work Quality Human Resources Time Communications Costs
Background image of page 6
7 Statement of work (SOW) Objectives, work to be done, a proposed schedule, performance measures (cost, time, quality) Work breakdown structure Break project down into manageable pieces
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
8 Work Breakdown Structure Project Level 1 Level 2 Level 3 Level 4
Background image of page 8
9 Questions I How long does it take to complete a project? When should each activity start? How much flexibility we have? Which activities might delay the project? In other words, which activities should the project manager pay particular attention to? Answer : Critical path method (CPM)
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
10 Critical Path Method Example: Investment assignment Select a company ( A ) – 1 day Obtain the company’s annual report and perform a ratio analysis ( B ) – 2 days Collect technical stock price data and construct charts ( C ) – 1 day Individually review the data and make a team decision on whether to buy the stock ( D ) – 1 day
Background image of page 10
11 Critical Path Method: 4 Basic Steps Step 1: Construct the Network Diagram.
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 12
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}