100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary OBS220 Notes Covering Ch 1,2,3,6 PM (2022 Semester Test 1) $4.54   Add to cart

Summary

Summary OBS220 Notes Covering Ch 1,2,3,6 PM (2022 Semester Test 1)

 6 views  0 purchase
  • Course
  • Institution
  • Book

Theses are detailed notes covering chapters 1,2,3, and 6 from the Project Management textbook. These notes have been compiled in conjunction with the textbook and lecture slides. These notes have also been made from semester test 1 of 2022. Textbook used: Project management: Kloppenborg, T.J., ...

[Show more]

Preview 3 out of 28  pages

  • No
  • 1,2,3,6
  • August 21, 2022
  • 28
  • 2022/2023
  • Summary
avatar-seller
OBS 220

NOTES

, PROJECT MANAGEMENT


CHAPTER 1: Introduction to Project Management


Project: a temporary endeavour undertaken to create a unique product, service, or result. Projects require:
▪ an organized set of work efforts.
▪ progressively elaborated detail.
▪ a defined beginning and ending.
▪ a unique combination of stakeholders.
▪ Projects are subject to time and resource limitations


Stakeholders: an individual, or organization who may affect, be affected by, or perceive itself to be affected
by a decision, activity, or outcome of a project.


Project Management: he application of knowledge, skills, tools and techniques to project activities to meet
project requirements.


Work Processes initiate, plan, execute, monitor/control, close
Trade-offs among Scope, Quality, Cost, Schedule, Resources, Risks
Administrative Tasks Planning, documenting and controlling
Leadership Tasks for Work
Associates
Knowledge, skills & methods Visioning, motivating, promoting
apply for most projects



Project Work Be Described As:
Projects vs ▪ Projects are temporary
Operations ▪ Projects have routine and unique characteristics
▪ Operations are ongoing work
Soft Skills & Hard Soft Skill Activities: Hard Skill Activities
Skills ▪ Communication ▪ Risk analysis
▪ Leadership ▪ Quality control
▪ Conflict resolution ▪ Scheduling work
▪ Budgeting work
Authority & ▪ One person being assigned accountability
Responsibility ▪ Project managers negotiate with functional managers
▪ Strong communication and leadership skills to persuade subordinates

, Functional manager: someone with management authority over an organizational unit....the
manager of any group that actually makes a product or performs a service
Project Life Cycle Project life cycle: the series of phases that a project goes through from its initiation to its closure.
(PLC) Project life cycles vary among different disciplines but generally are comprised of the same general
stages:
▪ Selecting and initiating
▪ Planning
▪ Executing (includes monitoring/controlling)
▪ Closing and realizing


A project must gain approval to move from one stage to the next. Projects are measured at
additional points
• Selection
• Progress reporting
• Benefits realization
Agile (adaptive) vs
Waterfall ADAPTIVE (Change-Driven) PLC

(predictive)
Approach




PREDICTIVE (Plan-Driven)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller nichav. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $4.54. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$4.54
  • (0)
  Add to cart