BUAD 341 Study Guide - Final Guide: Longest Path Problem, Critical Path Method, Work Breakdown Structure
30 Oct 2014
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Document Summary
Purpose-a onetime activity with well defined end results. Temporary-has a definite beginning and a definite end, hence a finite duration. Life cycle-projects can interact with other projects within the same parent organization and most typically, within functional departments. Interdependencies-projects can interact with other projects within the same parent organization and most typically, within functional departments. Uniqueness-every project has elements that make it unique; ex. An office building has different owners, design, location, etc. Conflict-projects v. functional department and project v. project with respect to resources and personnel. Performance(scope)-refers to the outcomes, deliverables of a project and compares them against specifications and stakeholders expectations. *must achieve all 3 to be a complete success. Project-temporary endeavor undertaken to create a unique product or service. Goal of project scheduling: want to identify and use effective tools for planning, scheduling and monitoring project progress.
