Transcript Project Management Bus 1040

Project Management 1040 Bus Week 6. June9-13, 2003. Agenda
Housekeeping
Marking for the past 6
weeks.
WBS Quiz review
Decision Matrix
Work through the
Consumer Market
study case
Apply to our exam
review
Mid term test review
Work with your
groups. Hand in
Executive overview
Derek’s marking
scheme
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Group activity and assignments marking
Mark
Week
1
Model build
1
Negotiation
1
Terms
2
In class group
1
6
In class group
1
7
In class group
1
WBS quiz
2
2
3
4
5
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Test review-sources of the test material:
Gido and Clements Ch. 1-8 readings
PowerPoints
Group exercises
Movie on project management
Class web sites: e.g.
Your questions answered page. YAQ.
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How is the Mid term structured?
5 True and False – 15 marks
 15 Multiple choice – 30 marks
 5 Short answer – 25 marks
 3 long answer – 30 marks
Total 100.
Worth 20% of term mark.
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Terms, acronyms and definitions
7.
P.M.I., PMBOK, C.P.M., P.E.R.T. method
R.F.P. and the proposals related to project life cycles.
Project industry, trends. Reasons, benefits
Project definition, 5 success factors.
Various types stakeholders and their roles.
Project selection reasons and methods. Decision Matrix
Project Scope – three parts (triangle/equilibrium)
8.
Trade offs between time, cost and quality.
9.
Documentation: Charter, S.O.W. What goes into each
document?
10.
The WBS and related documents incl. Predecessors!!
Responsibilty Matrix. How would you lay it out? What goes where?
Estimating methods. Top down, bottom up. Time, materials.
What is a baseline in the plan? What does it include?
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Management and trends.
Operations vs projects. Can you
define what qualifies as a project?
 Acceptance of project managementwhy does it work?
 Certification and standards
 Which industries use it?
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Statement of Work
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Purpose, forms, input from whom –
various stakeholders
S.M.A.R.T. formula for goal setting
become the objectives
S.O.W. contains the contractural elements
of the project.
S.O.W. is developed into a Plan which
includes: Risk management, WBS,
schedules, budgets and Responsibilty
Matrix’s/s WBS.
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Start the planning with Risk management. Gido
and Clements. P 108
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Why aren’t risk identified in a project – might
not get the job?
Teams and stakeholders identify risks.
Weigh up the severity – impact
Weigh up the probability of occurring
Include in your plan how to manage the risk
Continue to monitor your risks throughout the
project . Get reports.
Document all of the above and results.
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Review
1.
The definition stage-learnings from your group work on the
model build. The longer you take and more input you get
from stakeholders the better the plan.
2.
Planning, the reasons for it and the benefits. You have a
guideline to work to and measureable standards to evaluate
progress.
Relationship of project to other departments, managers. team
members – use your World Trade Tower meetings as a
reminder. You have to negotiate to get some team members on
board.
Negotiations. What are some things you would say???
The negotiations are resolved and agreed items become the
Statement of Work.
You announce the start of the project with a Charter.
You take the S.O.W. and start making detailed plans.
Risk management strategy. WBS. Task list, predecessors,
times, schedules, PERT boxes and GANTT charts. work
packages, estimates, Responsibilty Matrix’s.
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The case we will use in the exam
Consumer Market Study Project.
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See page 117 for the WBS for the project. What
would the task list look like?
What are the predecessors for the task on the
Network diagram?
The times for this project are on p. 146. Could
you calculate the critical path?
Could you convert the Network diagram into a
GANTT chart with correct symbols?
What would the Responsibility Matrix look like?
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