1. 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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2. Group activity and assignments marking
Week
Mark 1
Model build 2 3
Negotiation 4 5
Terms
In class group 6 7
WBS quiz
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3. 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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4. 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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5. Terms, acronyms and definitions
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)
Trade offs between time, cost and quality.
Documentation: Charter, S.O.W. What goes into each document?
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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6. Operations vs projects. Can you define what qualifies as a project?
Management and trends.
Operations vs projects. Can you define what qualifies as a project?
Acceptance of project management-
why does it work?
Certification and standards
Which industries use it?
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7. Purpose, forms, input from whom – various stakeholders
Statement of Work
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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8. Start the planning with Risk management. Gido and Clements. P 108
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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9. Review
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.
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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10. The case we will use in the exam Consumer Market Study Project.
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 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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