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Project Management: A Managerial Approach 5 th Ed.

Project Management: A Managerial Approach 5 th Ed. PowerPoint Presentation for: J.R. Meredith and S.J. Mantel, Jr. © 2003 John Wiley & Sons, Inc. All Rights Reserved. Ch.1: Projects in Contemporary Organizations. What is a “project” Why project management? The project life cycle (PLC)

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Project Management: A Managerial Approach 5 th Ed.

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  1. Project Management: A Managerial Approach 5th Ed. PowerPoint Presentation for:J.R. Meredith and S.J. Mantel, Jr. © 2003 John Wiley & Sons, Inc. All Rights Reserved

  2. Ch.1: Projects in Contemporary Organizations • What is a “project” • Why project management? • The project life cycle (PLC) • Structure of rest of text

  3. Ch. 1.0 Introduction:Project Management Drivers • Expansion of knowledge • Demand for new products • Worldwide markets • Competition • Belief “better living though technology” • Expanding size of projects

  4. Ch.1.0 Introduction:Three Project Objectives • Performance • Cost • Time

  5. Ch 1.0: Introduction:The “professional” PMPMI Membership • 1990: 7,500 members • 2001: 86,000 members

  6. Ch 1.0: Introduction:Recent Managing Changes • Less hierarchical • Systems approach • Project oriented

  7. Ch 1.1 Project Definition Definition used by PMI:

  8. Ch 1.1 Terminology • Program (group of projects) • Project • Task (subset of work elements) • Work package (sub element of task) • Work unit

  9. Ch 1.1 Project Attributes • Purpose • Life cycle • Interdependencies • Uniqueness • Conflict

  10. Responsive to client and environment Fast problem resolution Quick decision making No sub optimization Organizational complexity Policy violations Lower personnel utilization Ch 1.2: Why Project Management?PlusMinus

  11. Ch 1.3 Project Life Cycle:(% Completion) Vs. (Time) • Slow start • Quick momentum • Slow finish

  12. Ch 1.3: Project Life Cycle:Time Distribution of Project Effort • Conception • Selection • Planning, scheduling, monitoring, control • Evolution and termination

  13. Ch 1.3: Project Life Cycle:Increasing Marginal Returns • Return as applied to late stages in PLC • Compare to “standard” PLC showing DECREASING marginal return in late stages of PLC

  14. Ch 1.3: Project Life Cycle:Reduce Uncertainty of Cost Estimate Figure 1.6

  15. Ch 1.4: Structure of Text

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