FARE 3310 Chapter Notes - Chapter 3: Bors, Normal Distribution, Critical Path Method

• School: University of Guelph
• Department: Food, Agricultural and Resource Economics
• Course: FARE 3310
• Professor: Getu Hailu

Document Summary

Project management involves 3 phases: planning, scheduling & controlling. Projects that take months or years to complete are usually developed outside of the normal production system. Organizations within the firm may be set up to handle such jobs and are often disbanded once project is complete. Project organization: an organization formed to ensure that programs (projects) receive the proper management. Some firms will have one some wont. For companies with several large projects (i. e. construction firm), this is an effective way to assign people and resources needed. The project organization works best when : work can be defined w/ specific goal & deadline, job is somewhat unique, work contains complex interrelated tasks, project is temporary but critical, cut across organizational lines. The manager heading the project coordinates activities w/ other departments and reports directly to top management. All necessary activities are finished in proper sequence & on time.