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Project Management in Practice

Chapter 1: The World of Project Management. 2. Chapter 1. The World of Project Management. Chapter 1: The World of Project Management. 3. WHAT IS A PROJECT?. Chapter 1: The World of Project Management. 4. Why the emphasis on project management?. Many tasks do not fit neatly into business-as-usual.Need to assign responsibility and authority for achievement of organizational goals..

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Project Management in Practice

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    1. Chapter 1: The World of Project Management 1 Project Management in Practice Prepared by Scott M. Shafer Wake Forest University

    2. Chapter 1: The World of Project Management 2 Chapter 1 The World of Project Management

    3. Chapter 1: The World of Project Management 3 WHAT IS A PROJECT?

    4. Chapter 1: The World of Project Management 4 Why the emphasis on project management? Many tasks do not fit neatly into business-as-usual. Need to assign responsibility and authority for achievement of organizational goals.

    5. Chapter 1: The World of Project Management 5 Characteristics of Projects Unique Specific Deliverable Specific Due Date

    6. Chapter 1: The World of Project Management 6 Other Common Characteristics of Projects Multidisciplinary Complex Conflict Part of Programs

    7. Chapter 1: The World of Project Management 7 PMI Definition “A temporary endeavor undertaken to create a unique product or service” Source: A Guide to the Project Management Body of Knowledge, Project Management Institute Standards Committee, p. 167, 1996

    8. Chapter 1: The World of Project Management 8 PROJECT MANAGEMENT VS. GENERAL MANAGEMENT

    9. Chapter 1: The World of Project Management 9 Skill Requirements for Effective Project Management Conflict Resolution Creativity and Flexibility Ability to Adjust to Change Good Planning Negotiation win-win versus win-lose

    10. Chapter 1: The World of Project Management 10 WHAT IS MANAGED? THE THREE GOALS OF A PROJECT

    11. Chapter 1: The World of Project Management 11 Figure 1-1: Performance, Cost, and Time Project Targets

    12. Chapter 1: The World of Project Management 12 THE LIFE CYCLES OF PROJECTS

    13. Chapter 1: The World of Project Management 13 Figure 1-2 The Project Life Cycle

    14. Chapter 1: The World of Project Management 14 Figure 1-3 An Alternate Project Life Cycle

    15. Chapter 1: The World of Project Management 15 SELECTING PROJECTS

    16. Chapter 1: The World of Project Management 16 Nonnumeric Selection Methods The Sacred Cow Operating/Competitive Necessity Comparative Benefits

    17. Chapter 1: The World of Project Management 17 Figure 1-4 The Q-Sort Method

    18. Chapter 1: The World of Project Management 18 Numeric Selection Methods Financial Assessment Methods payback period discounted cash flow Scoring Methods unweighted 0-1 factor method weighted factor scoring method

    19. Chapter 1: The World of Project Management 19 Payback Period

    20. Chapter 1: The World of Project Management 20 Discounted Cash Flow

    21. Chapter 1: The World of Project Management 21 Discounted Cash Flow - Problems High hurdle rates Short term focus Long term competitiveness High Inflation

    22. Chapter 1: The World of Project Management 22 Discounted Cash Flow - Problems High hurdle rates Short term focus Long term competitiveness High Inflation

    23. Chapter 1: The World of Project Management 23 The Weighted Scoring Model

    24. Chapter 1: The World of Project Management 24 THE AGGREGATE PROJECT PLAN What determines a company’s long term success??? Project portfolios Multiple project interaction Capacity vs budget Classification via extent of innovation to process and product = aggregate plan

    25. Chapter 1: The World of Project Management 25 Figure 1-6 The Aggregate Project Plan

    26. Chapter 1: The World of Project Management 26 Figure 1-7 An Example Aggregate Project Plan

    27. Chapter 1: The World of Project Management 27 Copyright Copyright ??2001?John Wiley & Sons, Inc. All rights reserved. Reproduction or translation of this work beyond that named in Section 117 of the United States Copyright Act without the express written consent of the copyright owner is unlawful. Requests for further information should be addressed to the Permissions Department, John Wiley & Sons, Inc. Adopters of the textbook are granted permission to make back-up copies for their own use only, to make copies for distribution to students of the course the textbook is used in, and to modify this material to best suit their instructional needs. Under no circumstances can copies be made for resale. The Publisher assumes no responsibility for errors, omissions, or damages, caused by the use of these programs or from the use of the information contained herein.

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