BU385 Chapter Notes - Chapter 17: Work Breakdown Structure, Quality Control, Sensitivity Analysis
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Project: unique, large one-time operation designed to accomplish a specific objective in limited time frame (e. g. constructing store, redesigning business process, mergers, designing new g/s, designing info system) Performance goals: to be complete within time/schedule, cost/budget, and quality guidelines. Projects must be authorized, objectives/scope must be established, project manager should be appointed, and project must be planned; activities/tasks identified, time estimates made; resource requirements estimated and budgets prepared. P(cid:396)oje(cid:272)t(cid:859)s p(cid:396)og(cid:396)ess (cid:373)o(cid:374)ito(cid:396)ed to e(cid:374)su(cid:396)e that p(cid:396)oje(cid:272)t(cid:859)s pe(cid:396)fo(cid:396)(cid:373)a(cid:374)(cid:272)e goals a(cid:272)hie(cid:448)ed. Project approach: enables organization to focus attention and concentrate efforts on accomplishing a narrow set of performance objectives within a limited time and budget framework. Project life cycle: project initiation (conception, feasibility, study/selection), planning and scheduling, execution, control, and closeout. P(cid:396)oje(cid:272)t i(cid:374)flue(cid:374)(cid:272)ed (cid:271)(cid:455) (cid:272)o(cid:373)pa(cid:374)(cid:455)(cid:859)s st(cid:396)ateg(cid:455) a(cid:374)d poli(cid:272)ies, a(cid:374)d (cid:858)e(cid:374)(cid:448)i(cid:396)o(cid:374)(cid:373)e(cid:374)t(cid:859) Project initiation uses project scope: work that needs to be accomplished to deliver g/s, the specified objective.
