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Project Management Chapter 1 Notes

• Project – Is a unique activity that adds value, expends resources, has beginning and end dates, and ahs constraints and requirements that include scope, cost, schedule performance, resources, and value.
• Project – has goals and objectives.
• Project – is a set of activities to solve a problem or take advantage of an opportunity
• The resulting groups of activities are called phases of a project
• Activities in construction, computer networking, telecommunications, software development, and new product development are considered projects.
• Stockholders include: o Payer – individuals & businesses as well as gov’t organizations o Providers – hospitals, integrated delivery networks and individual clinics o Purchasers - groups who aggregate healthcare products and services for distribution o Fiscal intermediaries – insurers, HMO’s, and pharmacy benefit managers
• Project manager’s task is to coordinate deployment of a product or new releases, coordinate testing of such new products and releases, and coordinate pilots with potential product users.
• Construction projects are often time consuming. They require several phases and may involve o Financial organizations o Government agencies o Engineers o Architects o Insurance companies o Attorneys o Contractors o Material Suppliers o Builders
• An organization that performs an innovative task is different from an organization that performs routine tasks.
• 3 dimensions that encompass all aspects of technology o Complexity – refers to the number of products or operations that are performed at the same time and resulting degree of difficulty o Interdependence – refers to the extent to which the items or elements upon which work is performed or the work processes themselves are interrelated. o Uncertainty – refers to the variability in the process of transformation of inputs to outputs or in the inputs themselves.
• Technology may be viewed as being

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