MIT1_040s09_lec01

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Unformatted text preview: MIT OpenCourseWare http://ocw.mit.edu 1.040 Project Management Spring 2009 For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms. 1.040/1.401 1.040/1.401 Project Management Spring 2009 Course Introduction Fred Moavenzadeh Department of Civil and Environmental Engineering Massachusetts Institute of Technology Outline Outline Introduction Introduction Course Information Course Lecture Outline Lecture T.A. T.A. Students; Background, Interests, & Students; Expectations Project Management Project Focus of Class – Construction Projects; Focus Primarily Infrastructure Projects Topics Topics The Course is divided in three parts: The Part 1: Project Finance Part Part 2: Project Evaluation Part Part 3: Project Organization Part There will be a few Guest Lecturers There Term Project (1.401) Term Step 1: Preliminary Project Proposals Step Step 2: Project Details Step Step 3: Deliverables Step Report Report Presentation Presentation Construction Phases Construction & Class Topics FEASIBILITY ANALYSIS DESIGN DEVELOPMENT CLOSEOUT OPERATIONS DIVESTMENT PROJECT MANAGEMENT Construction Phases Strategic Planning, or conceptualization The need for a project is identified, so that specific Objectives are achieved Alternative projects (including the do-nothing option) are examined System Design The approach for addressing the organization’s strategic concerns is established during systems design The requirements are translated into specific technical specifications Detailed Design is the phase in which the optimal systems design is translated into a detailed technical implementation scheme Development refers to the implementation of the detailed design Operations and Lifecycle Support represents the period during which the project yields benefits to the organization Divestment The initial design again determines the potential for proper divestment in the context of the sociopolitical and natural environment Feasibility Studies and Preliminaries Feasibility Understanding project finance and evaluation Understanding Helps understand economic challenges faced by owner Helps and contractor Risk management Risk Deciding on fundamentals of contract Deciding Delivery systems (organizational method) Delivery Contract type (how pay?) Contract Award method (how decide who hired?) Award Construction Phases FEASIBILITY ANALYSIS DESIGN DEVELOPMENT CLOSEOUT OPERATIONS DIVESTMENT PROJECT MANAGEMENT Design Phase Design Estimation Estimation Successive estimates produced Successive Planning & Scheduling Planning WBS – Web Based Scheduling WBS Deterministic & probabilistic scheduling Deterministic Resource planning Resource Simulation Simulation Project Dynamics Project As-planned vs. as-built (e.g., errors and changes) As Significance of feedbacks - Counter-iintuitive effects of ntuitive Significance policies (e.g., overtime) policies Construction Phases FEASIBILITY ANALYSIS DESIGN DEVELOPMENT CLOSEOUT OPERATIONS DIVESTMENT PROJECT MANAGEMENT Project Management Project 1. The phases of - Development - Close Out Resource Scheduling Simulation Basics of Project Monitoring and Control Changes and Claims Earned Value Analysis Quality Reviews and Audits Project Management Project 1. The phases of - Development - Close Out Resource Scheduling Simulation Basics of Project Monitoring and Control Changes and Claims Earned Value Analysis Quality Reviews and Audits Resource Scheduling - How to allocate resources ($, time, etc.) to execute a given task efficiently -Trade offs between conflicting/competing resources Tools: graphical analyses, programming (linear, integer, heuristic, etc.) Project Management Project 1. The phases of - Development - Close Out Resource Scheduling Simulation Basics of Project Monitoring and Control Changes and Claims Earned Value Analysis Quality Reviews and Audits Simulation - Involves mathematical description/representation of the management process - Helps identify optimal schedules and decisions - Helps to quickly determine impact of alternative schedules -Tools: algorithms implemented on computers Project Management Project 1. The phases of - Development - Close Out Resource Scheduling Simulation Project Monitoring and Control Changes and Claims Earned Value Analysis Quality Reviews and Audits Project Monitoring and Control -How to track your project costs, schedule (time), and other resources - Helps ascertain whether targets are being met - Needed so that due changes can be made to schedule as and when necessary Project Management Project 1. The phases of - Development - Close Out Resource Scheduling Simulation Basics of Project Monitoring and Control Changes and Claims Earned Value Analysis Quality Reviews and Audits Changes and Claims -What are the causes of time delays, cost overruns, change orders? - How can such problems be prevented or mitigated - Conflict resolution Project Management Project 1. The phases of - Development - Close Out Resource Scheduling Simulation Basics of Project Monitoring and Control Changes and Claims Earned Value Analysis Quality Reviews and Audits Earned Value Analysis -is a snapshot in time (as the project is in progress) - compares work plan vs. actual work progress - is a standard method of (a) measuring project progress at any given point in time, (b) updating forecasts of completion date and final cost, - Is an early warning system to detect deficient or endangered progress. Project Management Project 1. The phases of - Development - Close Out Resource Scheduling Simulation Basics of Project Monitoring and Control Changes and Claims Earned Value Analysis Quality Reviews and Audits Quality Reviews and Audits -Quality Control (typically done by owner’s inspectors at the end of major production phases. - Quality Assurance (typically done by contractor throughout the production, incl. raw materials - Audits and QA/QC Reviews (retrospective in nature) Project Management Project 1. The phases of - Development - Close Out 2. Related Topics - Risk and Uncertainty, etc. ...
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This note was uploaded on 11/29/2011 for the course CIVIL 1.018j taught by Professor Markusbuehler during the Fall '08 term at MIT.

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