MIT1_040s09_lec03

MIT1_040s09_lec03 - MIT OpenCourseWare http/ocw.mit.edu...

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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 .
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Project Organization and Contracts
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Project Organization and Project Organization and Contracts Contracts ± Definition Definition PMI: a project is a temporary endeavor undertaken to create unique product or service” Turner: “ An endeavor in which human, material and financial resources are organized in a novel way to undertake a unique scope of work, have given specification, within constraints of cost and time, so as to achieve beneficial change defined by quantitative and qualitative objectives” Turner (2003) “A project is a temporary organization to which resources are assigned to undertake a unique, novel and transient endeavor managing the inherent uncertainty and need for integration in order to deliver beneficial objectives of change”
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Project Organization and Project Organization and Contracts Contracts ± Characteristics of three main types of institutional Characteristics of three main types of institutional arrangements arrangements Entrepreneurial (1800- Rational System (1920- Governance (1980- •Organization systems •Risk allocation Small, dynamic By Entrepreneurs Hierarchical Risk internalized by large system Networks Risk allocated to participants
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Project Organization and Project Organization and Contracts Contracts ± Organizational structure Organizational structure The organizational structure may be defined as: “The relativity enduring allocation of work roles and administrative mechanisms that creates a pattern of interrelated work activities , and that allows the organization to, conduct, coordinate and control its work activities” ( ( Jackson and Morgan, 78) in Jackson and Morgan, 78) in Arnoldo Arnoldo , C,Hax C,Hax and and Nocholas Nocholas , S,Majluf S,Majluf (1981) (1981) “Organizational Organizational Design, A Survey and Approach Design, A Survey and Approach
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Project Organization and Project Organization and Contracts Contracts Corporate Environment (system) Corporate Business Area Idea Generation Concept Definition Operation Abandon Project Environment (System) Operating Environment (System) Owner's Governance structure Exec. Project Life Cycle Five Modes of Uncertainty •Corporate •Business models and concepts •Project Execution •Operation •Abandon Ownership ? Stakeholders? Concurrent Engineering?
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Project Organization and Contracts Contracts Vision, aim, Project Life Cycle Position Governance mechanisms Strategic Choice Product/project selection Start Execution Contracts Handover Production Start-up Abandonment Corporate Business Concept Def. (Model)
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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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MIT1_040s09_lec03 - MIT OpenCourseWare http/ocw.mit.edu...

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