Ch 17

Operations Management

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Chapter 17 Project Management 17-1
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rojects Projects Unique, one-time operations designed to ccomplish a specific set of objectives in a limited accomplish a specific set of objectives in a limited time frame Uncertainty and risk Examples: he lympic Games Sequence of activities The Olympic Games Producing a movie Software development Building and running a rail line between London and the Channel Tunnel ($4.6 billion) Expanding the Miami Airport in Florida ($2 billion) 17-2 etc.,
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roject ife Cycle Project Life Cycle of effort I II III IV Level Time I . Definition (Concept, Feasibility Analysis) II. Planning (Estimates of necessary human resources, Time, and Cost) III. Execution (Execution and control of time and resources) IV. Termination and Delivery (Reassigning personnel and equipment, dealing with leftover materials) 17-3
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verview of roject anagement Overview of Project Management Project management vs. Operations management Key metrics time, cost/benefit, performance Major Issues ) roject selection ost/benefit analysis risk analysis (1) Project selection cost/benefit analysis, risk analysis (2) Organizational structure work break down structure (3) Project manager selection (4) Scheduling and control : time/cost estimation and resource allocation Gantt chart, network diagram 17-4
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isk Management Risk Management • Risks are an inherent part of project management Delays • Risks relate to undesirable consequences such as Good risk management involves Increased costs
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This document was uploaded on 03/04/2012.

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Ch 17 - Chapter 17 Project Management 17-1 Projects...

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