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Management 302 Midterm 2_Chapter 7

Management 302 Midterm 2_Chapter 7 - Management 302 Midterm...

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Management 302 Midterm 2 Study Guide Chapter 7- Project Management Project Management Project- series of related jobs usually directed toward some major output and requiring a significant period of time to perform Project Management- the management activities of planning, directing, and controlling resources (people, equipment, material) to meet the technical, cost, and time constraints of a project Business Examples o Construction o Ad Campaign o Special Events (Super Bowl) o Process Change o R&D o Alliances o Ex- Horror movies be released before Halloween not after Network Planning Models o Critical Path Method Used when activity times are known with certainty Used to determine timing estimates for the project, each activity in the project, and slack time for activities o Steps in CPM 1. Activity Identification (which activity needs to be done) a. Any time consuming element of a project with identifiable beginning and end points that contribute directly to the deliverables b. Beware of activities not requiring resources b.i. Getting a sheet signed off- how long will it sit on desk 2. Activity Sequencing (which one comes first) a. Walk through project in your mind b.
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