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project management
the managerial process
Student Version
EHW.LDNE肝 F I:RAY
CHAPTER ONE
Modern Project
Management
McGraw.MinN
CopyrigHt e 201I by The Mefirww Hill Cempanies, Iue.
What is a Project?
Project Defined
-A complex, nonroutine, one-time effort limited by time
budget, resources, and performance specifications
designed to meet customer needs
Major Characteristics of a Project
las an established objective
Has a defined life span with a beginning and an end
Requires across-the-organizational participation
-Involves doing something never been done before
Has specific time, cost, and performance requirements
Programs versus Projects
Program Defined
-A series of coordinated related, multiple
projects that continue over an extended
time and are intended to achieve a goal
-A higher level group of projects targeted
at a common goal
Exampl
Project: completion of a required course
in project management.
Program: completion of all courses required
for a business major
Comparison of Routine Work with Projects
Routine, Repetitive Work
Projects
Taking class note
Writing a term paper
aily entering sales receipts into
Setting up a sales kiosk for a
e accounting ledger
Responding to a supply-chal
Developing a supply-chain
information system
Practicing scales on the piano
Routine manufacture of an Apple
Designing an iPod that is
approximately 2 x 4 inches
interfaces with PC. and
stores 10,000 songs
Attaching tags on a manufactured Wire-tag projects for GE and
product
Wal-Mart
Project Life Cycle
Executing
Planning
Closure
Start
Executing
Closure
1. Gosl
1. status reports
1. Train customer
2. Changes
3. Tasks
4. Responsibilities
4. Evaluation
FIGURE T
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