tailieunhanh - Lecture Operations and supply chain management: The Core (3/e) – Chapter 5: Projects

The main goals of this chapter are to: Explain what project management is and why it is important, identify the different ways projects can be structured, describe how projects are organized into major subprojects, understand the concept of earned value management, . | Projects Chapter 05 McGraw Hill Irwin Copyright 2013 by The McGraw Hill Companies Inc. All rights reserved. Learning Objectives 1. Explain what project management is and why it is important. 2. Identify the different ways projects can be structured. 3. Describe how projects are organized into major subprojects. 4. Understand the concept of Earned Value Management. 5. Determine the critical path for a project. 6. Show how activity time uncertainty can be analyzed in projects. 7. Demonstrate how to crash or reduce the length of a project. 5 2 Project Management What is a project A series of related jobs usually directed toward some major output and requiring a significant period of time to perform. What is project management Planning directing and controlling resources people equipment material etc. to meet the technical cost and time constraints of the project. Why is project management important At the highest levels of an organization management often involves juggling a portfolio of projects. 5 3 Types of Development Projects Degree of Change Type of Project 5 4 Project Structure 5 5 Defining the Project Statement of Work A written description of the objectives to be achieved Task A further subdivision of a project usually shorter than several months and performed by a single group or organization Work Package A group of activities combined to be assignable to a single organizational unit Project Milestone Specific events in the life of the project. Work Breakdown Structure Defines the hierarchy of project tasks subtasks and work packages Activities Pieces of work that consume time 5 6 Project Control Charts Charts provide an easily understood visual presentation Software can be used to create the charts Gantt chart shows in a graphic manner the amount of time involved and the sequence of activities. Often referred to as a bar c hart. 5 7 Earned Value Management EVM A technique for measuring project progress in an objective manner Has the ability to combine .