Day 4 In-Class Notes - Powerpoint Lectures PDF

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Day 4 In-Class Notes – Project Management 

Bechtel Projects is the largest project management company

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Project Characteristics o Single unit o Many related activities o Difficult production planning and inventory control o General-purpose equipment o High labor skills

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Examples of Projects o Building Construction o Research Projects

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Management of Projects o Planning  Goal setting  Defining the project  Team organization o Scheduling  Relate people, money and supplies to specific activities and activities to each other o Controlling  Monitor resources, costs, quality and budgets  Revise plans and shift resources to meet time and cost demands

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Project Organization o Often temporary structure o Uses specialists from the entire company o Headed by the project manager  Coordinates activities  Monitors schedule and costs o A permanent structure called ‘matrix organization’

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The role of the Project Manager – responsible for making sure that: o All necessary activities are finished in order and on time o The project comes in within the budget o The project meets quality goals o The people assigned to the project receive motivation, direction and information

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Ethical Issues o Project managers face many ethical issues on a daily basis o The Project Management Institute has established an ethical code to deal with problems such as:  Offers of gifts from contractors  The pressure to alter status reports to mask delays  False reports for charges of time and expenses  The pressure to compromise quality to meet schedules

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Project Scheduling Techniques o Ensure that all activities are planned for o Their order of performance is accounted for o The activity time estimates are recorded o The overall project time is developed

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Project Management Techniques o Gantt chart o Critical Path Method (CPM) o Program Evaluation and Review Technique (PERT)

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