Bhole_M1 - a project Direct Project Goals: Performance,...

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CHAPTER 1 Projects in Contemporary Organizations
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Introduction Much of project management developed by the military Navy’s Polaris program NASA’s space program Strategic defense initiative Project management has found wide acceptance in industry It has many applications outside of construction Managing legal cases Managing new product releases
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Introduction Continued Main forces in driving the acceptance of project and other forms of management: 1. The exponential growth of human knowledge 2. The growing demand for a broad range of complex goods and services 3. Increased worldwide competition All of these contribute to the need for organizations to do more and to do it faster Project management is one way to do more faster
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Main Goals of Project Management 1. Time 2. Cost 3. Performance Time, cost, and performance are all related on
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Unformatted text preview: a project Direct Project Goals: Performance, Cost, Time Figure 1-1 Project Manager Project manager is the key individual on a project Project manager is like a mini-CEO While project manager always has responsibility, may not have necessary authority Recent Changes in Managing Organizations 1. Consensual management 2. Systems approach 3. Projects as preferred way to accomplish goals Major Characteristics of a Project Importance Performance Life cycle with a finite due date Interdependencies Uniqueness Resources Conflict The Project Life Cycle Figure 1-3 Time Distribution of Project Effort Figure 1-4 Risk During at the Start of the Life Cycle Figure 1-6 Risk During the Life Cycle Figure 1-7...
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This note was uploaded on 01/18/2012 for the course IND/MECH mec 713 taught by Professor Bhole during the Fall '11 term at Ryerson.

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Bhole_M1 - a project Direct Project Goals: Performance,...

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