344 - Project Management Flashcards
What is a project?
Series of related tasks directed toward a major output.
Project details
Tasks are defined with a specific goal and deadline.
Job is unique or somewhat unfamiliar to the existing organization.
Work contains complex interrelated tasks.
Temporary in nature.
Cuts accross organizational lines.
Projects go through life cycles.
Project Planning
Establishing Objectives Defining Project Creating work breakdown structure Determining resources Forming organization
Project Organization
Formed to ensure that programs recieve the proper management and attention.
Project Organization Details
Often temporary structure
Uses specialists from entire company
Headed by project manager
Permanent structure called “matrix organization”
Project Management Techniques
Gantt Chart
Critical Path Method
Program Evaluation and Review Technique
Advantages of PM Software
Imposes a methodology Provides logistical planning struture Enhances team communication Flag constrain violations Automatic Report formats Multiple levels of reports Enables what-if scenarios Generates various chart types
PERT and CPM
Two most widely used techniques
AOA
Activity on Arrow
AON
Activity on Node
Deterministic
Time estimates that are fairly certain.
CPM
Probablistic
Estimates of time that allow for variation.
PERT
Project Risk
Delays
Increased Costs
Inability to meet specifications
Project termination
Risk Management
Identify potential risks
Analyze and assess risks
Work to minimize occurence of risk
Establish contingency plans
