Djenane Jeanty Project Management Context Professor C. Lennon Module V 11.17.12 Abstract Project managers carefully manage slack on sensitive resource-limited projects (Larson and Gray‚ p.295). If possible‚ they will add slack at the end of the project by committing to a completion date that goes beyond the scheduled date. Eliyahu Goldratt (1997) advocates an alternative approach to managing slack. He championed the “theory of constraints” and has coined the term “critical-chain” recognizing
Premium Project management
Darvin De’Angelo McQueen Execution & Control With Risk August 16‚ 2011 Week 2 DQ As a project manager of a bicycle manufacturing company‚ we have five operations which are: cutting‚ forming‚ machining‚ welding‚ and the assembly. As we start manufacturings we notice some defects in our products. As a result we are going to find a way to fix the problems. There are five quality metrics and they are (Sanghera‚ 2010): * Cost performance * Schedule performance * Defect
Premium Manufacturing Management Project management
Project Management Project management is the discipline of planning‚ organizing‚ securing and managing resources to bring about the successful completion of specific project goals and objectives. Some Facts! One fifth (1/5) of the world’s GDP (U.S. $12 trillion) is being spent on Projects. With projects being mandated on such large scales – a shortage of 6 million skilled project professionals is expected by 2013. It’s the only profession where the income levels continued to rise despite the
Premium Project management
the Champion certification level. However‚ Green Belt certification examinations are cumulative in that they cover the material required for both Champion and Green Belt certification.) QUESTION: Provide a non-technical definition for “Six Sigma” management. Answer: It is an organizational initiative designed to create breakthrough improvements in manufacturing‚ service and administrative processes. For example‚ Motorola established a goal to reduce defects 10-fold with a 50% reduction in cycle time
Premium Six Sigma Control chart Failure mode and effects analysis
provided as a project. PRODUCT SCOPE: The features and functions that characterize a product‚ service or result. PROJECT SCOPE: The work that must be performed to deliver a product‚ service or result with the specified features and functions. page 100 1 5- PROJECT SCOPE MANAGEMENT Project Scope Management includes the processes required to ensure that the project includes all the work required‚ and only the work required‚ to complete the project successfully slide # 101 PROJECT SCOPE MANAGEMENT
Premium Project management
SIM335 Managing Project essay SIM335 Managing Projects - Task 1 Question 1: Network diagram (activity on node) ‘The network diagram is defined as a graphical presentation of the project’s activities shows the planned sequence of work’ Burke (2003‚ p.131). It is also called as precedence diagramming method (PDM). ‘It is a method of constructing a project schedule network diagram that uses boxes or rectangles‚ which referred to as nodes‚ to represent activities and connects them with arrows that
Premium Project management Critical path method
2012 Project management is one of the most important and critical tool or technique‚ which defines the entire course of development of any kind of project. Project management works as an ignition for the chain reaction of the whole development cycle. It also helps to layout each and every step of the development cycle and defines the action plan to be followed during the risk-conditions. Not only this‚ project management methodologies help track down the success rate for a project and improve
Premium Project management
Chapter 1 Review Question 1. Define a project. What are five characteristics that help differentiate projects from other function carried out in the daily operations of the organization? A project is a temporary endeavor undertaken to create a unique product‚ service‚ or result. Five characteristics: 1. An established objective. 2. A defined life span with a beginning and an end. 3. Usually‚ the involvement of several department and professionals. 4. Typically‚ doing something that has never
Premium Project management Management
“Leadership is the art of getting others to do something you want done because they want to do it.” (Dwight D. Eisenhower). Critically evaluate this statement and explain how it differs from management. In recent decades management and leadership have been perceived to mean the same thing and a distinct classification between the two has not been made. Many people believe that a manager is often the best leader within the organization and therefore a good manager displays good leadership skills
Premium Management Leadership
Homework What does it mean to take a systems view of a project? How does taking a systems view of a project apply to project management? Through a systems perspective‚ you will view a particular project in terms of how the project will fit with the system and also how one can better the project for the particular system. Explain the four frames of organizations. How can they help project managers understand the organizational context for their projects? Structural Focuses on roles
Premium Project management Management