INTBUS 6 Lecture Notes - Lecture 15: Project A, Critical Path Method, Project Management
23 Oct 2020
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Chapter 15 project management: projects and project management. Special form of operational process -> a project. A project= a one-time or infrequently occurring set of activities that create outputs within prespecified time and cost schedules. Project management= the combination of planning, directing, and controlling resources in a project to meet technical objectives within budget and schedule constraints. There are several specific characteristics of projects that make them particularly challenging to manage: every project is unique, having a planned beginning and end. Because a project is usually a one-time event, it does not usually have the same degree of certainty or repeatability that routine operations do. Deliverables meet the expectations of customers, project team members and other stakeholders. Deliverables = completion of the specific work outputs of the project, achieving goals such as learning new lessons from the project, executing activities with minimal environmental impact and other considerations. A general maximum in project management (three primary objectives in.
