Premium Essay

Chapter 1: Modern Project Management

In:

Submitted By leolababy41
Words 326
Pages 2
Chapter 1: Modern Project Management
1. Define a project. What are five characteristics that help differentiate projects from other functions carried out in the daily operations of the organization?
A project is a complex, no routine, off-time effort limited by time, budget, resources, and performance specifications designed to meet customer needs
• An established objective
• A defined life span with a beginning and an end
• Involvement of several departments
• Doing something unique
• Time, cost , and performance requirements
• To serve customers’ needs

2. Compression of the product life cycle, Global competition, Knowledge explosion, corporate downsizing, increased customer focus, and small projects represent big problems are all environmental factors.

3. It is important to strategic planning and the project manager because with a project there is so much going on between so many different people so the manager has to be able to implement a plan and have people follow it. This is the only way a project can run smoothly and with the least amount of problems. If the manager is able to get the best success with good project implementation.

4. The technical side of the coin represents the science side of project management while the sociocultural side of the coin represents the art of managing a project. In order for a manger to be successful they must be a master of both sides of the coin. While some managers tend to focus on the technical side rather than the sociocultural side, they need to know that both sides are equally important.

5. An Integrative approach to project management means that decisions and ideas are made by many different people, and there has to be some integrative plan to make the project work. Emphasis is on development of an integrated project management process that focuses all project effort toward the strategic plan of

Similar Documents

Premium Essay

Science Paper

...Lar03342_ch01_002-021.indd Page 2 C H A P T E R 1/27/10 2:04:01 PM f-500 /Users/f-500/Desktop/28-12-09/MHBR120:ARENS:PRINTER CRX O N E Modern Project Management Estimate 5 Schedule resources & costs 8 Project networks 6 l iona rnat Inte ojects pr 15 Reducing duration 9 Define project 4 ht Oversig Introduction 1 Strategy 2 Managing risk 7 Organization 3 Leadership 10 Teams 11 Monitoring progress 13 Project closure 14 Outsourcing 12 Modern Project Management What Is a Project? The Importance of Project Management Project Management Today—An Integrative Approach Summary Text Overview 2 16 17 Agile PM 18 Career p aths Lar03342_ch01_002-021.indd Page 3 1/27/10 2:04:02 PM f-500 /Users/f-500/Desktop/28-12-09/MHBR120:ARENS:PRINTER CRX All of mankind’s greatest accomplishments—from building the great pyramids to discovering a cure for polio to putting a man on the moon—began as a project. This is a good time to be reading a book about project management. Business leaders and experts have proclaimed that project management is a strategic imperative. Project management provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives. But project management is more than just a set of tools; it is a results-oriented management style that places a premium on building...

Words: 9667 - Pages: 39

Premium Essay

Project Managment Slides

...gra25154_ch01_002-019.qxd 3/8/07 3:17 PM Page 2 Estimate 5 Project networks 6 Scheduling resources/costs 8 Define project 4 Reducing project duration 9 Introduction 1 Organization 3 Managing risk 7 Monitoring progress 13 Audit and closure 14 Oversight 16 Strategy 2 Leadership 10 Teams 11 Outsourcing 12 International projects 15 Modern Project Management What Is a Project? The Importance of Project Management Project Management Today—An Integrative Approach Summary gra25154_ch01_002-019.qxd 3/8/07 3:17 PM Page 3 C H A P T E R O N E Modern Project Management All of mankind’s greatest accomplishments—from building the great pyramids to discovering a cure for polio to putting a man on the moon—began as a project. This is a good time to be reading a book about project management. Business leaders and experts have proclaimed that project management is a strategic imperative. Project management provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives. But project management is more than just a set of tools; it is a results-oriented management style that places a premium on building collaborative relationships among a diverse cast of characters. Exciting opportunities await people skilled in project management. The project approach has long been the style of doing business in the construction industry...

Words: 8651 - Pages: 35

Premium Essay

Project Management

...Project Management Lisa Andres University of Phoenix MGT/437 Project Management David Van Gorder Thursday, October 21, 2010 Project Management Project management is an important tool used in every aspect of business. In this summary, the definition of project as well as project management is explained. Modern techniques and planning on the project manager’s part are described and the monitoring of the project. The project manager is the key to successful project planning, they determine what needs to be done, by whom and when. The “when” involves the projects lifecycle, their basic phases and purposes are discussed in this paper. The importance of using project management to accomplish task is because it utilizes the systems approach to management by having functional people to do a specific project. Successful project management is both a skill and a science; it attempts to run corporate resources within the limitations of time, cost, and performance. According to Kerzner (2006), a project has characteristic attributes that makes it different from everyday work or business operations. Projects are temporary. They are not an everyday business procedure and have start date and end date. The start and end date is the important characteristic of the project because effort is committed to make certain that the project is completed at the chosen time (Kerzner, 2006, pp. 2-8 & 12-17). According to Kerzner (2006), “there is first an initiation, in...

Words: 856 - Pages: 4

Premium Essay

Report

...to the AMERICAN INTERNATIONAL UNIVERSITY OF MANAGEMENT & TECHNOLOGY CALIFORNIA, U.S.A. _____________________________________________________ MODERN INSTITUTE OF MANAGEMENT (M.I.M.) NEW DELHI, INDIA STUDENTS DECLARATION I HEREBY DECLARE THAT THE PROJECT REPORT / THESIS / DISSERTATION ENTITLED “A STUDY ON MARKET RESEARCH ON SALES PROMOTION OF ELECTRONICS PRODUCTS IN DELHI FOR VIDEOCON INTERNATIONAL LTD.” Submitted in partial fulfillment of the requirements for MASTERS’S DEGREE IN BUSINESS ADMINISTRATION TO THE AMERICAN INTERNATIONAL UNIVERSITY OF MANAGEMENT & TECHNOLOGY CALIFORNIA, U.S.A. Is of my original work and not submitted for the award of any other Degree Diploma, Fellowship OR other similar title OR prizes. Place: New Delhi Dated: NAME: LALIT KUMAR MEHTA REG. NO. D-332 AMERICAN INTERNATIONAL UNIVERSITY OF MANAGEMENT & TECHNOLOGY (U.S.A) CERTIFICATE The Dissertation / Thesis of Lalit Kumar Mehta titled “A STUDY ON MARKET RESEARCH ON SALES PROMOTION FOR “VIDEOCON INTERNATIONAL LTD.” NEW DELHI, INDIA. (Conduct on behalf of the Videocon International Ltd. New Delhi, India) is approved and accepted in quality and form. Research Guide External Examiners Name: Name: Qualification: Qualification: Signature: Signature: COMMITTEE CHAIRMAN AMERICAN INTERNATIONAL UNIVERSITY OF MANAGEMENT & TECHNOLOGY (U.S.A.) F A C U L T Y C...

Words: 652 - Pages: 3

Premium Essay

A Day in the Life

...Chapter 1 Modern Project Management 19 Note: If you have any difficulty accessing any of the Web addresses listed here or elsewhere in the text, you can find up-to-date addresses on the home page of Dr. Erik Larson, coauthor of this text: http://www.bus.oregonstate.edu/faculty/bio .htm?UserName=Larson References Ball Parks of Baseball, “Cisco Field,” http://www.ballparksofbaseball.com/future/ CiscoField.htm (accessed June 2, 2009). Benko, C., and F. W. McFarlan, Connecting the Dots (Boston: HBS Press, 2003). Cohen, D. J., and R. J. Graham, The Project Manager’s MBA (San Francisco: Jossey-Bass, 2001). Faylor, C., “Next Generation Wii Is Rumored to Hit the Market in 2011,” Shacknews.com (Oct. 1, 2008). Kay, J., “US Box Office Spellbound by Harry Potter and the Half-Blood Prince,” www.guardian.uk.co.filmblog (accessed July 15, 2009). Krisher, T., “GM Product Chief Says New Vehicles Must be Hits,” www. businessweek.com (accessed July 20, 2009). Larkowski, K., “Standish Group Report Shows Project Success Improves 50 Percent,” www.standishgroup.com, 2004, Third Quarter. Lunar Energy, “British Firm Announces World’s Largest Tidal Power Development,” Lunarenergy.co.uk (March 11, 2008). Peters, T., PM Network, January 2004, Vol. 18, No. 1, p. 19. Project Management Institute, Leadership in Project Management Annual (Newton Square, PA: PMI Publishing, 2006). Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK), (Newton Square, PA: PMI...

Words: 1380 - Pages: 6

Premium Essay

Syllabus

... COURSE TITLE: Project and Change Management COURSE NUMBER: IST 7060 TEXT BOOK: Project Management, the Managerial Process. 6thEdition. Author Erik W. Larson & Clifford F. Gray OFFICE HOURS/METHOD OF CONTACT: I do not have an office on campus but can be reached in the evening using blackboard. I also respond to e-mails within 24 hours of receiving them. My e-mail address is: debra.x.gordon@wilmu.edu PREREQUISITE: IST 7000, IST 7020, and IST 7040 1. COURSE DESCRIPTION This course focuses on managing projects within an organizational context, including the processes related to initiating, planning, executing, controlling, reporting, and closing a project. Project integration, scope, time, cost, quality control, and risk management are also explored. Other areas covered in the course are: managing the changes in organizations resulting from the introduction or revision of information systems, identifying project champions, working with user teams, training, documentation, and the change management role of the IS specialist. 2. RATIONALE This course integrates two major related topics, project and change management. As projects evolve and implementation strategies are developed, the role of change management becomes critically important...

Words: 1358 - Pages: 6

Premium Essay

Student at Lums

...Lahore University of Management Sciences MKTG 343 – Marketing Models Spring Semester 2015 Instructor Room No. Office Hours Email Telephone Secretary/TA TA Office Hours Course URL (if any) Muhammad Asim 4-39 SDSB Building TBA Muhammad.Asim@lums.edu.pk TBA TBA TBA suraj.lums.edu.pk COURSE BASICS Credit Hours Lecture(s) Recitation/Lab (per week) Tutorial (per week) 3 Nbr of Lec(s) Per Week Nbr of Lec(s) Per Week Nbr of Lec(s) Per Week 2 Duration Duration Duration 75 Minutes COURSE DISTRIBUTION Core Elective Open for Student Category Close for Student Category COURSE DESCRIPTION This course surveys quantitative marketing methodology. Our emphasis will be on the selection and use of models to support marketing strategy. Topics include: analysis of consumer behavior; segmentation, targeting, positioning, forecasting methods; new product decisions; and advertising decision models; sales force decision models and pricing decision models. The focus of the course is on the use of analytical approaches and computer-based models to formulate and solve problems. This course will also provide you an opportunity to improve your statistical and analytical skills. COURSE PREREQUISITE(S) • • • Statistics OR Statistics and Data Analysis OR Probability and Statistics COURSE OBJECTIVES (CO) 1. 2. 3. 4. Develop an understanding of the use of analytical techniques and computer models in enhancing marketing decision making in modern enterprises Improve students’ skills in viewing...

Words: 1368 - Pages: 6

Premium Essay

Video Analysis

...Eval #1 Chapter 1: Project Management Training Links: http://www.youtube.com/watch?v=vxIDX6ZrOw0 1) What does the video illustrate as related to project management? The video illustrate the introduction of the project management institute. The video shows the project management training programs from registered education provider. In the video, it provided basic information of project management standards. The website source shows the project management maintaining connections with the business world, successful project management programs are learning to adapt to address the changing needs of business. However, the video shows several main points of project management training. Frist one, project management education is growing globally. Second, organizations want project managers with the right skills. 2) How is this specifically related to the textbook information? (Be specific!) The video mentions the important reason why choose from the project management institute and how the project management training development. Project management provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives. Exciting opportunities await people skilled in project management. (Larson and Gray 2-3). The YouTube video does relate to the textbook information. Because this video is a good commercial introduction to the Project Management Institute. In the textbook, chapter one...

Words: 388 - Pages: 2

Premium Essay

Asasd

...AGI-Information Management Consultants May be used for personal purporses only or by libraries associated to dandelon.com network. Project Management Casebook Instructors Manual EDITORS David I. Cleland, Karen M. Bursic, Richard Puerzer, and A. Yaroslav Vlasak Table of Contents Chapter One: Planning 1 The Benfield Column Repair Project 5 Food Waste Composting at Larry's Markets 7 Winning the Sydney to Hobart: A Case Study in Project Management 9 Kodak's New Focus 11 Managing Kuwait Oil Fields Reconstruction Projects 15 Managing Resources and Communicating Results of Sydney's $7 Billion Clean Waterways Program 19 Making Affordable Housing Attainable through Modern Project Management 23 Goal Definition and Performance Indicators in Soft Projects: Building a Competitive Intelligence System 27 Chapter Ttoo: Organizing 33 Communicating Risk Management in Municipal Government Projects: City of New Orleans Computer-Aided Dispatch System Project 37 Cape Town's Olympic Bid: A Race against the Clock 41 Sydney 2000 Olympic Games: A Project Management Perspective 43 Strategic Project Control Initiatives 47 Libya: Redefining Challenge 51 Land Reserve Modernization Project: The Future of Army Infrastructure 53 Re)D in the Insurance Industry: PM Makes the Difference 57 Implementing Integrated Product Development: A Case Study ofBosma Machine and Tool Corporation 61 How ICL Used Project Management Techniques to Introduce a New Product Range 65 Chapter Three:...

Words: 578 - Pages: 3

Premium Essay

Information Technology (It) for Improving Banking Activities: - a Study on International Finance Investment and Commerce Bank Ltd

...PROJECT PAPER ON Information Technology (IT) for improving Banking Activities:- A study on International Finance Investment and Commerce Bank LTD Thesis for the partial fulfillment of BBA program of BBA (I) in Management Studies PROJECT PAPER ON Information Technology (IT) for improving Banking Activities:- A study on International Finance Investment and Commerce Bank LTD Under supervision ------------------------- Prof. Md. Mosharraf Hossain Ph.D. Professor Department of Management Studies Jagannath University Prepared by: Md. Momin Uddin BBA 8th semester Roll-06671546, sec-B Department of Management studies Jagannath University Letter of submission Date- August 10, 2012 Prof. Md. Mosharraf Hossain Ph.D. Professor Department of Management Studies Jagannath University Subject: Submission of the assignment paper titled “Information Technology (IT) for improving Banking Activities-A study on IFIC Bank ltd” Dear Sir, It’s my pleasure to submit you my project paper on “Information Technology for improving Banking Activities-A study on IFIC Bank ltd.” I have completed my project paper on IFIC Bank ltd as a part of my study. Here is my overview on ‘Information Technology for improving Banking Activities-A study on IFIC Bank ltd. I have tried to explain my learning and experience which gathered knowledge from my thesis program briefly in this report. I appreciate that this approach really contributes in giving my course learning a lasting shape in me. The entire report...

Words: 1399 - Pages: 6

Premium Essay

Appraising the Secretaries at Sweetwater U

...Human Resources Management, 13e (Dessler) Chapter 1 Introduction to Human Resource Management 1) The basic functions of the management process include all of the following EXCEPT ________. A) planning B) organizing C) outsourcing D) leading Answer: C Explanation: C) The five basic functions of the management process include planning, organizing, staffing, leading, and controlling. Outsourcing jobs may be an aspect of human resources, but it is not one of the primary management functions. Diff: 1 Chapter: 1 Objective: 1 Skill: Concept Learning Outcome: Define human resource management and describe modern trends in the field 2) Which of the following is the person responsible for accomplishing an organization's goals by planning, organizing, staffing, leading, and controlling personnel? A) manager B) entrepreneur C) generalist D) marketer Answer: A Explanation: A) The manager is the person responsible for accomplishing an organization's goals by planning, organizing, staffing, leading, and controlling the efforts of the organization's people. An entrepreneur may manage people or may hire a manager to do so instead, but entrepreneurs are defined as individuals who start their own businesses. Diff: 2 Chapter: 1 Objective: 1 Skill: Concept 3) Which of the following includes five basic functions--planning, organizing, staffing, leading, and controlling? A) job analysis B) strategic management C) management process D) adaptability screening ...

Words: 11187 - Pages: 45

Premium Essay

Enginer

...whose first edition was published in 1988. There has been no revision of the book; however, Jackall has added a new chapter titled “Moral Mazes and the Great Recession” to it. His description of the financial crisis brings nothing really new to the fore: it shows that nothing has changed in the aftermath of the convulsions caused by several occurrences of crisis in the financial sector or the business world in the last decade. Managers (of banks, insurance enterprises, of Enron, etc.) play(ed) high-risk games at the cost of the organization; they plunder(ed) the assets of employees and shareholders as well. If they win, they take all the gain; if they lose, they call for the taxpayer’s money because their organizations are too big to fail. They never think about stinting with their bonuses even if the taxpayers have to save the organization they work for because otherwise these same managers would leave it and so dispossess it of their skills and competence which, so they think, are badly needed to set it afloat again. Objective and Targeted Audience Jackall’s detailed sociological study of the managerial world is not written for a particular target group. As Jackall has clarified throughout a recent interview,1 his study is “part of a larger project. This is a long-term examination of the social, institutional, cultural, moral, and epistemological foundations of modern American society (Interview, p. 8).” If one wants to nominate an audience as the target group of the first edition...

Words: 1592 - Pages: 7

Premium Essay

Cybercrime

...cyber threats even through this has often be clustered and fragmented. Using theoretical and conceptual models this paper provides an informed understanding and critical assessment of the University of Dar es Salaam cyber security policy through addressing the following research questions: What are the IT risk management policy and systems that can be developed for the University of Dar es salaam? The primary data is collected through surveys, and interviews that are open ended and close ended. The results of the paper demonstrated that colleges and universities have been a target for cyber-attacks due to the fact that of the vast amount of computing power they possess, and they provide open access to their constituents and to the public. The research also showed that University of Dar es Salaam doesn’t have a comprehensive IT security risk management policy or guidelines that will guide the business process in the event of an IT security threat. Therefore the University needs to develop policiesthat provide roadmap for effectively protecting the availability, integrity and confidentiality of University of Dar es Salaam Information Systems. Chapter One Introduction 1. Introduction Cybercrime is one of the fast growing areas of crime. Accordingly, there have been increased...

Words: 7435 - Pages: 30

Premium Essay

Term Paper

...Technology in modern communication [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] z [Pick the date] Technology in modern Communication SUBMITTED TO: Name | Ms. Tahmina Akhter | Designation | Assistant Professor | Course name | Business English and communication | Course code | F-101 | submitted by: GROUP NO: 12 NAMES | ID | mahfuzur rahman | 19-084 | MAEDUL ISLAM | 19-054 | SAMIUN NAHAR NITU | 19-174 | AFROZA LUBNA | 19-138 | RIPON HALDER TANMOY | 19-069 | | | | SUBMISSION DATE: 12/06/2013 Executive summary x Chapter -1 | 1.1 Background of report 7 1.2 Objective of the report 7 1.3 Scope of study 7 1.4 Methodology used 8 1.5 Preview of presentation 8 | Chapter -2 | 2.1 Technological evolution in modern communication 8 2.2 Electronic media in written communication 9 2.2.1 E-mail 9 2.2.2 Word processing 9 2.2.3 Electronic bulletin board 10 2.2.4 On line database 10 2.2.5 Internet 10 2.2.5.1 On line internet...

Words: 6229 - Pages: 25

Premium Essay

Economic Growth

...Bangalore University Bachelor of Business Management (New Scheme) SEMESTER SCHEME OF EXAMINATION UNDER SEMESTER : BBM COURSE SEM NO. PAPER NO. 1.1 TITLE OF THE PAPER LECTURE HOURS 04 MARKS UE 90 RM 10 TOTAL MARKS 100 I 1.2 1.3 1.4 1.5 1.6 2.1 II 2.2 2.3 2.4 2.5 2.6 3.1 3.2 3.3 3.4 3.5 3.6 3.7 4.1 4.2 4.3 4.4 4.5 4.6 4.7 5.1 5.2 5.3 5.4 5.5 5.6 III IV V LANGUAGE: KANNADA/SANSKRIT/URDU/TAMIL/ TELUGU/ADDITIONAL ENGLISH/ MARATHI/HINDI ENGLISH BUSINESS ECONOMICS FUNDAMENTALS OF ACCOUNTING BUSINESS MANAGEMENT BUSINESS MATHEMATICS TOTAL LANGUAGE: KANNADA/SANSKRIT/URDU/TAMIL/ TELUGU/ADDITIONAL ENGLISH/ MARATHI/HINDI ENGLISH BUSINESS STATISTICS FINANCIAL ACCOUNTING ORGANISATIONAL BEHAVIOUR BUSINESS ENVIRONMENT TOTAL BUSINESS COMMUNICATION HUMAN RESOURCE MANAGEMENT MARKETING MANAGEMENT CORPORATE ACCOUNTING SERVICES MANAGEMENT INTERNATIONAL BUSINESS INDIAN CONSTITUTION TOTAL BUSINESS RESEARCH METHODS BUSINESS LAW COST ACCOUNTING FINANCIAL MANAGEMENT PRODUCTION & OPERATIONS MANAGEMENT LAW AND PRACTICE OF BANKING COMPUTER FUNDAMENTALS TOTAL INCOME TAX STRATEGIC MANAGEMENT MANAGEMENT ACCOUNTING COMPUTER APPLICATION IN BUSINESS PROJECT MANAGEMENT ENTREPRENEURIAL DEVELOPMENT TOTAL 04 04 04 04 04 24 04 90 90 90 90 90 540 90 10 10 10 10 10 60 10 100 100 100 100 100 600 100 04 04 04 04 04 24 04 04 04 04 04 04 04 28 04 04 04 04 04 04 04 28 04 04 04 04 04 04 24 90 90 90 90 90 540 90 90 90 90 90 90 90 630 90 90 90 90 90 90 90 630 90 90 90 90 90 90 540 10...

Words: 19726 - Pages: 79