Project_part_I

Project_part_I - DS 412 Operations Management Project...

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DS 412 Operations Management Project Management
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What are Projects? Unique, one-time operations designed to accomplish a specific set of objectives in a limited time frame . Examples: Construction of a building A theatre performance New product introductions Software releases NOT mass production.
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Projects: Typical Characteristics 1. A one time focus with a specific goal and desired results. 2. A start, a finish, and a time frame for completion. 3. A logical sequence of interrelated events. 4. A limited set of resources 5. Involvement of cross functional teams
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Competing Goals A project is successful if it is completed on time, within the budget, and to the performance requirements. Often, there are competing goals. The project manager must find the best balance between the competing objectives. Tradeoffs in Project Management Performance Time Cost
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Three Phases of Project Management 1. The planning phase 2. The scheduling phase 3. The control phase
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The Planning Phase Decide which project to implement. Identify the goals. Define the project tasks/activities. Estimate task times and costs Select the project manager. Select the project team.
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The Scheduling Phase Identify precedence relationship among tasks Tie resources to tasks (people, money, machines, etc.) Apply the Project Management tools to generate the schedule. Tools: Critical Path Method CPM Project Evaluation and Review Technique PERT Gantt Charts Cash Flow Schedules Outcomes of this phase: Time and cost estimates for the project Identification of critical activities which may delay project completion. How long can one delay non-critical activities without delaying
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CPM: critical path method developed in the 1950’s by Dupont to manage construction of chemical plants. PERT: project evaluation and review technique developed in the 1950’s by the Special Projects Office of the US Navy (Polaris project).
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This note was uploaded on 01/28/2012 for the course DS 412 taught by Professor Eng during the Fall '07 term at S.F. State.

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Project_part_I - DS 412 Operations Management Project...

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