Project Management

1
CHAPTER 18

• Project Management

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Characteristics of Projects

• Unique, one-time focus
• Specific purpose and desired result
• Definite start and finish
• Time frame for completion
• Involvement of cross-functional group
• Limited set of resources
• Logical sequence of interdependent activities
• Clear user of the results

3
Successful projects are...

• on time
• within budget
• to performance specifications

4
Trade-offs in Project Management
5
Network Based Project Management Techniques

• Project Evaluation and Review Technique (PERT)
• Critical Path Method (CPM)

6
Network Drawing Alternatives
A
C
Start
B
D
Activity-On-Node
C
2
4
A
1
D
B
3
5
Activity-On-Arc
7
Key to Project Network Drawings
8
Project management techniques are helpful in...

• developing project budgets
• monitoring and controlling project costs
• determining and managing resource limitations
• determining and managing time/cost tradeoffs

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Guidelines for Successful Project Planning
GO-CARTS

• Set a clear Goal
• Determine the Objectives
• Establish Checkpoints, Activities, Relationships,
  and Time Estimates
• Create a Schedule

10
Guidelines for Successfully Leading a Project Team
DRIVER

• D evelop people individually and as a team
• R einforce the commitment and excitement of
  people
• I nform everyone connected with the project
• V italize people by building agreements
• E mpower yourself and others
• R isk approaching problems creatively