Rough

In: Business and Management

Submitted By pshakya
Words 1664
Pages 7
Project management is a systemized, phased approach to defining, organizing, planning, monitoring, and controlling projects.
Project is an interrelated set of tasks
Define and org projects: scope, manager/team [fsd/tsd], org structure [func, pure, matrix]
Project planning [5 steps]: wbs, n/w, schedule, cost-time trade-offs, risks
Scheduling: [----, -, |], path [sequence], ES [max EF], LF [min LS], gantt chart [proj. schedule, Est. St and finish and precedence relations]
Cost-time trade-offs: finish early [more workers] but costs inc, indirect cost [depreciation, adminis], direct [labor, material]; crash time [shortest time to complete activity]-> crash cost associated.
Risk: measure of prob. And conseq of not reaching project goal, ((risk-mgmt plan: identify key risks, ways to avoid them-> strategic fit [project not linked with org goals], product/serv attribute [new pro/serv, risks, competition, lawsuits], project team capability [size, complexity of project], operations [risks, less accuracy, comm, estimates]))
Simulation-> use random no. see random variation on performance measure: 3 estimates op(a), most likely time(m), pes(b)
Monitoring and controlling project- PROJECT STATUS: open issues [resolve it], risks [might delay proj], schedule status [chk slack time to maintain schedule]; PROJECT RESOURCES: Resource Leveling [chk ES LS and shift schedule], Allocation [take out from high slack and assign to most imp act] and Acquisition [add overloaded/ scarce resource]; CONTROLLING PROJECT: prep final report, give reco to imp processes. PLC [DOPE C]
Excessive Activity Duration Estimates, Latest date mentality, Failure to deliver early, Path Mergers, Multitasking, Loss of Focus
Project Analysis: documentation and detailed understanding of how work is performed and how it can be redesigned. 1. Identify opportunities: customer satisfied? Room for…...

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