GMS 450 Lecture Notes - Lecture 4: System 6, Responsibility Assignment Matrix, Work Breakdown Structure

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 450
• Professor: Ingrid L.Stefanovic

Document Summary

Ready, fire, aim way of doing business: planning can be overdone paralysis by analysis , there is a happy medium that everyone would like to strike. Inadequate planning is usually the cause of problem. Categories of multiple elements required in project charter: purpose. The business case: includes strategic reasons for the projects, its expected profitability and competitive effects. It communicates the intent to take upon the project. Business case for the project: strategic reasons for the project, expected profitability, competitive effects, desired scope, any other technical results, objectives. Intent is to communicate to stakeholders the reasons for the project. Communicates what will be done to achieve the projects overall objectives. More detailed description of the : scope, deliverables, outcomes. Communicate to project team members what will be done to achieve the overall project objectives: overview. Describe the agreement between the clients and third party on reporting requirements and specification on deliverables: due dates, incentives etc.