ITM 750 Chapter Notes - Chapter 1.10: Project Risk Management, Microsoft Project, Net Present Value
20 Apr 2016
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Project: temporary endeavor undertaken to produce resources eg, for. Finals-30% (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) use. (cid:1) Short project has a higher rate of success than a larger because of less complexity, smaller scope. Class 2 : project mgmt and tech: projects should not be run in isolation, must operate in a broad environmental org. Systems approach emerged in 1950s to describe a more analytical approach to mgmt and problem solving. Chances of a successful project with a projev\ct manager having total control is higher than the latter. If not, project is driverless, there is no motivation for workers to finish their jobs. Without it, many projects are likely to fail. Process: series of actions directed towards a particular result. Knowledge area, initiating, planning, executing, monitoring and controlling, and closing. Make sure the standard process is all integrated. All projects have a certain useful life .
