63 12 strategic importance of strategic importance of

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63-12 Strategic Importance of Strategic Importance of Project Management - Continued Project Management - Continued Microsoft Windows XP Project : hundreds of programmers millions of lines of code millions of dollars cost Ford Redesign of Mustang Project: 450 member project team Cost $700-million 25% faster and 30% cheaper than comparable project at Ford
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63-13 Single unit Many related activities Difficult production planning and inventory control General purpose equipment High labor skills Project Characteristics Project Characteristics
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63-14 Building construction © 1995 Corel Corp. An Example An Example
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63-15 Research project © 1995 Corel Corp. An Example An Example
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63-16 Management of Large Projects Management of Large Projects Planning - goal setting, project definition, team organization Scheduling - relating people, money, and supplies to specific activities and activities to one and other Controlling - monitoring resources, costs, quality, and budgets; revising plans and shifting resources to meet time and cost demands
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63-17 Planning Objectives Resources Work break- down schedule Organization Scheduling Project activities Start & end times Network Controlling Monitor, compare, revise, action Project Management Activities Project Management Activities
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63-18 Project Organization Project Organization Works Best When Works Best When Work can be defined with a specific goal and deadline The job is unique or somewhat unfamiliar to the existing organization The work contains complex interrelated tasks requiring specialized skills The project is temporary but critical to the organization
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63-19 Project Planning, Scheduling, Project Planning, Scheduling, and Controlling and Controlling Project Planning 1. Setting goals 2. Defining the project 3. Tying needs into timed project activities 4. Organizing the team Project Scheduling 1. Tying resources to specific activities 2. Relating activities to each other 3. Updating and revising on a regular basis Time/cost estimates Budgets Engineering diagrams Cash flow charts Material availability details CPM/PERT Gantt charts Milestone charts Cash flow schedules Project Controlling 1. Monitoring resources, costs, quality, and budgets 2. Revising and changing plans 3. Shifting resources to meet demands Reports budgets delayed activities slack activities Before Project During Project
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63-20 Project Planning, Scheduling, and Project Planning, Scheduling, and Controlling Controlling
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63-21 Establishing objectives Defining project Creating work breakdown structure Determining resources Forming organization © 1995 Corel Corp. Project Planning Project Planning
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63-22 Often temporary structure Uses specialists from entire company Headed by project manager Coordinates activities Monitors schedule & costs Permanent structure called ‘matrix organization’ © 1995 Corel Corp.
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