Final Opp Ch 17 Flashcards
What are projects
Unique.
One time operations designed to accomplish a set of objectives in a limited time frame.
Examples include designing new products or services designing advertising campaigns. Designing information systems reengineering a process designing databases developing software and designing web pages.
Involve considerable costs and are expected to be completed based on a time cost and performance targets.
Tasks must be identified in time estimates made. Resource requirements must also be projected in budgets prepared.
Then progress must be monitored.
What is project management
A team Based approach for managing projects.
What are the main tools of project management
Work breakdown structure, network diagram, Gant charts risk management software.
What are the five phases of a project’s lifecycle
Initiating planning executing monitoring and controlling and Closing.
What is a matrix organization
Functional and project managers shareworkers.Project managers negotiate with functional managers for people to work on a product Those selected will be temporarily assigned to the Project manager.However, they are still responsible to their functional manager.They may work part-time or full-time on the project.When their work is done they return to the functional department
It allows them to integrate the activities of a variety of specialists with a functional framework
What key managerial decisions does much of the success of a project depend on
Deci.
Ding, which project to implement selecting the Project manager, selecting the project team planning and designing the project managing and controlling project resources deciding if and when a project should be terminated.
What steps are involved in deciding which projects to implement were bit on
Determining the criteria that will be used to decide which project to pursue
Budget and availability of appropriate knowledge and skill personnel and cost-benefit considerations
Availability of funds, safety issues and government-mandated actions.
What ten areas of knowledge should a project manager possess
Managing integration managing scope managing time/schedule. Managing costs managing quality, managing human resources. Managing communication managing risk managing procurement, managing state holders.
What are project champions.
People usually within the company who promote and support the project. They can talk up the project to manayes, as well as employees.
The work they do can be critical to the success of a project, so it is important for team members to encourage and communicate with the project champion.
What is PMI
Project management Institute
What is a work breakdown structure? WBS
A hierarchy listing of what must be done during the project
Establishes the logical framework for identifying the required activities for this project
What are the steps in a work breakdown structure WBS
First identify the major Elements of the project next identify the major supporting activities for each of the major elements. Then each major supporting activity is broken down into a list of the activities that will be needed to accomplish it
What do Gantt charts fail to do
Fail to reveal certain relationships among activities that can be crucial to effective project management.
What is PERT and CPM
Program evaluation and review technique
Critical path method
In PERT program evaluation and review technique what is AOA
Activity on arrow
Nodes represent the activities starting and finishing points (events)
