Project Management - ime380 Dr. Michael Featherstone

DEFINITIONS - Management I like this definition of Management. It’s from the textbook “Management” by Michael Hitt, J.S. Black and Lyman Porter published by Pearson, Prentiss Hall. The process of assembling and using sets of resources in a goal directed manner to accomplish tasks in an organizational setting 2

DEFINITIONS - Management The process of assembling and using sets of resources in a goal directed manner to accomplish tasks in an organizational setting 3

DEFINITIONS - Management I also like this definition of Management. It’s from the book “Future Management” by Gary Hamel, 2007, Harvard Business School Press The capacity to marshal resources and to lay out plans and to program work and to spur effort

DEFINITIONS – a Project A project may be defined as… A temporary endeavor undertaken to create a unique product or service. they are finite they have a defined beginning and ending Think about which of these projects? A wedding event Building a website Writing a Masters Thesis Building a house A new product launch Managing an assembly line operation Designing a new automobile Creating a video

DEFINITIONS – Project Management The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. A wedding Building a website Writing a Masters Thesis Building a house Launching a new product or promotion Designing a new automobile Creating a video

DEFINITIONS Project Management’s FIVE processes Initiating a project The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. Initiating a project Planning the project Executing the project/plan Controlling execution of the project/plan Closing the project

DEFINITIONS Project Management’s THREE elements Tasks Resources Time The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. Tasks Resources Time

DEFINITIONS Project Management success factors On time delivery The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. On time delivery Within budget delivery High quality delivery

This Concludes Today’s Presentation Thank you for your attention