Ch2 - Chapter 2. Project Management Defining and Organizing...

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Chapter 2. Project Management Defining and Organizing Projects Planning Projects The Network Diagram Developing the Schedule Analyzing Cost–Time Trade-Offs Monitoring and Controlling Projects
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Projects Projects Projects are an interrelated set of activities with a definite starting and ending point, which results in a unique outcome from a specific allocation of resources Projects are common in everyday life The three main goals are to: Complete the project on time Not exceed the budget Meet the specifications to the satisfactions of the customer
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Projects Projects Project management is a systemized, phased approach to defining, organizing, planning, monitoring, and controlling projects Projects often require resources from many different parts of the organization Each project is unique Projects are temporary A collection of projects is called a program
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Defining and Organizing Projects Defining and Organizing Projects Define the scope, time frame, and resources of the project Select the project manager and team Perform the five project planning steps 1.Defining the work breakdown structure 2.Diagramming the network 3.Developing the schedule 4.Analyzing the cost-time trade-offs 5.Assessing risks
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Work Breakdown Structure Work Breakdown Structure Tends to be represented as a tree diagram which displays each subdivision of effort required to complete a project (or program) Start with the end objective Successively subdivide it into manageable components (size, duration, and responsibility) Include all steps necessary to achieve the objective This common framework is required for overall planning and control and is a first step to assigning task responsibilities, developing a schedule, and defining cost and labor hour requirements.
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Work Breakdown Structure Work Breakdown Structure From: wikimedia.org/wikipedia/commons/e/eb/work_breakdown_structure_of_Aircraft_systems
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Work Breakdown Structure Work Breakdown Structure From: lessons.lernt.pp.at/12/iv_the_planning_process
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Diagramming the Network Diagramming the Network Network diagrams use nodes and arcs to depict the relationships between activities Benefits of using networks include 1. Networks force project teams to identify and organize data to identify interrelationships between activities 2. Networks enable the estimation of completion time 3. Crucial activities are highlighted 4. Cost and time trade-offs can be analyzed
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Diagramming the Network Diagramming the Network Precedent relationships determine the sequence for undertaking activities Activity times must be estimated using historical information, statistical analysis, learning curves, or informed estimates In the activity-on-node approach, nodes represent activities and arcs represent the relationships between activities
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T U S precedes T, which precedes U. Diagramming the Network
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Ch2 - Chapter 2. Project Management Defining and Organizing...

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