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Project Management. Mountain Group BA333 Spring 2001 Dr. Elfner. Project Management. Management of work to develop and implement an innovation or change in an existing organization Examples: New buildings Weapon systems Automotive, Ship, Aircraft Planning a concert
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Project Management Mountain Group BA333 Spring 2001 Dr. Elfner
Project Management • Management of work to develop and implement an innovation or change in an existing organization • Examples: • New buildings • Weapon systems • Automotive, Ship, Aircraft • Planning a concert • New Products
Project Management • Elements • Project Team • Project Planning • Project Control
Project Team • Matrix Organization • Team structure with members from functional areas, depending on the skills required • Brings different members together- • Marketing • Engineering • Purchasing • Manufacturing • Quality Control • Suppliers
Project Planning • Objective(s) to be defined • Statement of Work • Written description of goals,work, and project time frame • Activity • Individual job or work that requires labor, resources, and time
Project Planning • Precedence Relationship • Sequential relationship of activities in a project • Project planning • Define project objective(s) • Identify activities • Establish precedence relationships • Make time estimates • Determine project completion time • Compare project schedule objectives • Determine resource requirements to meet objectives
Project Control • Control • Activities are identified • Activities are completed in order • Resource needs • Schedule changes and corrections • Main Goal – maintaining project schedule so project in on-time and close to budget
Project Planning • Project Network • Example: • New Sidewalk • Pg. 811 in Russell Taylor
Project Control • Work Breakdown Structure (WBS) • Method for project planning and control • Breaks down components, sub-components, activities, and tasks
Work Break Down Structure • Good way to identify activities and determine tasks • Helps identify relationships between modules and activities • Cancels out unnecessary duplication of activities
The Competitive Edge • Project Management Teams at IBM