GMS 401 Chapter Notes - Chapter 11: Risk Management, Project Charter, Deltek

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Wally Whistance- Smith

Document Summary

Generally made up of: a defined beginning point, multiple activities which are performed to a plan/schedule, a defined ending point. A project may be defined as a means of moving from a problem to a solution via a series of planned activities. On most projects it is possible to carry out multiple activities simultaneously: however there will be activities which cannot begin until a preceding activity has been completed. Important to establish the order of precedence of dependent activities, and to establish those activities which can be performed in parallel with other activities. Projects are typically: complex and numerous activities, unique - a one-time set of events, finite - with a begin and end date. 5: sequenced activities, goal-oriented, end product/service oriented. Involve many people, usually across several functional areas in the organizations. 1: solution in search of a problem, no one in charge, project plan lacks structure, project plan lacks detail.