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Project Management - ime380

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.

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Project Management - ime380

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  1. Project Management - ime380 Dr. Michael Featherstone

  2. 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

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

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

  5. 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 – a Project

  6. 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

  7. Project Management’s FIVE processes • 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

  8. Project Management’s THREE elements • 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

  9. Project Management success factors • 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 DEFINITIONS

  10. This Concludes Today’s Presentation Thank you for your attention

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