Week 1 (Introduction) Flashcards
What is a project?
A temporary endeavour undertaken to create a unique product or service (outcome or result).
Temporary
every project has a definite end
Unique
product or service is different in some distinguishing way from all similar products or services.
Project Work
-Temporary
-Unique
-Project teams
Types of projects
Construction Projects
Engineering Projects
Defence Projects
Aerospace Projects
Offshore Projects
Advertising and Marketing Projects
Petrochemical Projects
Computer Projects
IT Projects
Product Development Projects
Banking Projects
Advertising Projects
Marketing Projects
Up-Grade Projects
Event Management
Sports Events
Music Concerts
Fashion Shows
Disaster Recovery Projects
What is Project Management?
the application of knowledge, skills, tools and techniques to project activities in order to meet stakeholders’ needs and expectations from a project
Knowledge Areas
- Project Scope Management
- Project Schedule Management
- Project Cost Management
- Project Quality Management
- Project Resource Management
- Project Communication Management
- Project Risk Management
- Project Procurement Management
- Project Integration Management
- Project Stakeholder Management
Benefits of Project Management
Single Point of Responsibility
Client and Project Sponsor Focused
Identify Stakeholders
Clear Goals and Objectives
WBS – Manageable Work Packages
Better Estimating
CPM calculates Activity Dates
Fast Tracking
Project Integration
Response Time
Trends
Monitor and Control
Data Capture
Procedures
Quality Management
Closeout Reports
Production line work
-Ongoing
- Repetitive
- Production department
Efficiency and productivity continuum
shows how efficiency and productivity increase as the work moves from a once-off project to production line work
Sales and Marketing Continuum
(NEED HELP)
Unique – Mass Produced
Different Products – Similar Products
Bespoke – Off the Peg
Custom - Standard
