What Is A Project Flashcards
What is a project( 3things)
Has a beginning and end
Is a temporary undertaking
Produces a unique product
Project= the development of a ….. from….. the definition of … will be ….. overall…. of a project is the responsibility of
The development of a new facility, resource or event from start to finish. The definition of start/finish will be project specific. Overall management of a project is the responsibility of the client
Contract= a common method of… it is an……… to share in ….. A contract needs
A common method of delegation. It is an agreement between 2 parties to share in the delivery of part of a project. A contract needs written conditions
Characteristics of construction projects (5) Long Sanction Overlap Uncertainty Expected
Long period of conception
Sanction of funds results in increased rate of expenditure
Overlap between design and construction
Uncertainty from many sources
Expected profitability from operation phase dependent on a lot of factors
Overlap between design and construction means
It’s flexible but high likelihood of change
Uncertainty arises from (5)
Client insisted design changes
Construction
Financial, political and logistical risks
Expected profitability dependent on (3)
Time, cost and quality objectives
Typical contracts (4 client) (2 contractor)
Client-specialist Client-designer Client-contractor Client-project manager Contractor-subcontractor Contractor-suppliers
Main stages of project(6)
Appraisal Definition Design Construction Commission Operation and maintenance
As time progresses
Ability to influence cost decreases
How much of a projects final cost is commited whilst spending … of the total cost
65% committed whilst spending 5% of total cost
Most difficult projects to manage are(5)
Fast paced Innovative Technically or organisationally complex Large Risky
Project management differs from management because (5) Team High Sequence Conflicting Little
Team assembled for one project only High incidence of novel expected/ unexpected problems Sequence of project stages Conflicting motives amongst parties Little repetition
Project management involves managing(11) O Project Planning C Managing H Project Risk H P. Con
Organisation Project scope Planning and scheduling Cost estimating Managing quality/project performance Human Resources Project communications Risk assessment and management Health and safety Procurement Contract management
3 rules for project managers
Pms should be identified and start and remain in control until finish
Pm should concentrate on decision
Decisions should be made to maximise chance of meeting clients objectives
