BUSI 650 Chapter Notes - Chapter 2: Risk Management, Critical Path Method, Work Breakdown Structure
2 Mar 2018
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Process: set of activities that, taken together, create something of value to customers, set of activities that are routinely repeated. Stakeholders: client, subcontractors, consultants, project team, project management office, government (sometimes, community. Project organizations: become personalized and are often managed on that basis. Project life cycle steps (3: project initiation, project implementation, project termination. Major attributes of a project manager (4: credibility, sensitivity, leadership, ethics, and managerial style, ability to handle stress. Work breakdown structure (wbs: provides the inputs for the project schedule and the linear responsibility chart that depicts the task of those outside the project team but with responsibilities related to the project. Reasons scheduling of project activities is highly complex (2: number of activities required, precedence relationships among the activities, limited time of the project. Historical network approaches of project scheduling (2: program evaluation and review technique (pert, critical path method (cpm)
