BUS 322 Lecture Notes - Lecture 4: Project Management, Project Manager, Institute For Operations Research And The Management Sciences

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 322
• Professor: Mahmoudian Fereshteh

Document Summary

Project (complete pm required course): complex, nonroutine, temporarily, one-time effort limited time, budget, resources, performance specifications => customer needs, unique product. Daily enter sales receipts into acct ledger/setup sales kiosk for acct meeting. Manage non repetitive, temporarily activities to complete a fixed project. Link directly to customer interface => meet expectation, reasonable, feasible. Create team, org not exist before decide what,how things done. Work with outsiders (vendors, suppliers, subcontractors) not sharing project allegiance. Appropriate trade off btw time, cost, performance requirement with rudimentary technical knowledge. Reduce time: tech 1-3 years => 6 month period delays = 33% loss. Knowledge explosion : complex => integrate divergent technologies. Triple bottom line (people, planet, profit): sustainability by objectives, techniques. Small projects = big problems: prioritize resources for project => small projects more risks, not affect bottom line, add large sum of money, hidden costs => no measurement of inefficiency. Rough metric measuring improvement compare to competitors.