1 / 19

Project Mgt. BUS 1040/4017

Project Mgt. BUS 1040/4017. Welcome to: Project Management Week three. Instructor: Fred Pentney Class slogan: Give me an “A”. Project Management . Week 3 Review of previous week (2). Marking system for 20% - see Web CT Evaluation/My Grades Terms-review to date; keep adding to your lists

ursa
Download Presentation

Project Mgt. BUS 1040/4017

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Project Mgt. BUS 1040/4017 Welcome to: Project Management Week three. Instructor: Fred Pentney Class slogan: Give me an “A”. BUS 1040/4017-Week 3

  2. Project Management. Week 3Review of previous week (2) • Marking system for 20% - see Web CT Evaluation/My Grades • Terms-review to date; keep adding to your lists • Lecturette on Project selection. Financial vs. non financial. • Success factors for projects. Types of orgs. • P.M. skills and strengths. Approaches to success. BUS 1040/4017-Week 3

  3. Week three agenda: • Close out review of last Week’s project • Complete a weighted decision matrix. Case. P. 29 • Stakeholders reports (questions), teams and other issues? • Group activity. World Trade Centre meeting Definition stage of project cycle – next steps • Statement of work. • Charter • Responsibility Matrix • Communication Matrix • Conflict resolution exercise. BUS 1040/4017-Week 3

  4. Project selection • Non financial reasons • Financial reasons. Payback time Payback % of return Net Present Value. • Weighted decision model – a mixture of different criteria. BUS 1040/4017-Week 3

  5. R.R.P’s and Proposals • The R.F.P. contains a S.O.W – Statement of Work • Proposals are selected because they meet the requirements in the R.F.P. • Or, bring needed elements to the project. • Decision are made to choose best propsal BUS 1040/4017-Week 3

  6. Weighted Decision Matrix • Set the criteria. • Assign weights. Must = 100% • Set the range. Upper and lower limits • Compare projects/options to criteria and range. • Post scores and multiply factors. BUS 1040/4017-Week 3

  7. Review • You don’t need to go through the R.F.P/Proposal process to start a project – but you would or larger or “formal” projects. • You can go straight to Definiton stage of a project and work out the details with Stakeholders. • Either way you “Define.” In the Definition is a Statement of Work. S.O.W. BUS 1040/4017-Week 3

  8. Defining the Project • Statement of work S.O.W. – creates a structure for Definition • S.O.W. contains RULES for project • Who has authority? • Write the Charter • Start a Responsibility matrix • Start a Communication matrix BUS 1040/4017-Week 3

  9. Statement of Work • Purpose of the project • Scope statement-major activities • Deliverables-product description • Cost and schedule estimates • Objectives • Stakeholders • Chain of command – Org. chart Ref: Gido and Clements. P. 31-33 BUS 1040/4017-Week 3

  10. S.O.W. Who has input ? • Stakeholders: • Project manager • Sponsor: Customer, Victims Association • 2. Customer: City of New York • 4. Management: Construction company • Team members: Employees, vendors, • contractors BUS 1040/4017-Week 3

  11. Stakeholders meeting • Questions raised at meeting? • How do you resolve issues? • Who makes the final decisions? BUS 1040/4017-Week 3

  12. S.O.W. The Charter – Formal recognition Endorsed by the Sponsor or Customer Defines the authority Defines the project in broad terms Key players including the Project Mgr. It is a one time announcement BUS 1040/4017-Week 3

  13. Responsibility matrix BUS 1040/4017-Week 3

  14. Who needs the info. • Right info. to the right people at the right time. • Sponsor • Functional management • Project team • Project Mgr. – receives info. too • Don’t send everything to everybody BUS 1040/4017-Week 3

  15. Risk management • The Responsibility and a Communication matrix’s are the first steps in minimizing risk. Specific Risk management strategies will be developed during the Planning stage. BUS 1040/4017-Week 3

  16. You Partner Negotiation exercise • Agree on an Issue • Both keep your own notes BUS 1040/4017-Week 3

  17. Homework • Continue to make up your list of new terms and definitions from the lectures. Hand this in at beginning of class, week 5. Make sure you keep a copy for y’self. Go to web and collect definitions, charter docs., sample Responsibility matrix t BUS 1040/4017-Week 3

  18. Week 4 preview • Planning stage. • Task lists • Work Breakdown Structure • Schedules-networks • Critical Path Method (C.P.M.) • Work packages • Estimate BUS 1040/4017-Week 3

  19. Today - review • Key learning's • Liked • Do different BUS 1040/4017-Week 3

More Related