Project Management • • • • • Introduction to project management Critical path method (CPM) Crashing Uncertain activity durations Reading: Page 760 – 794 Project • Project: – A special type of process / transformation – A series of related jobs directed toward some major output – Require time and resources – Examples • MS Windows 2000‚ Fund raising‚ Preparation for a private party‚ Building a new airport… The Campus Wedding Reserve Church (1) Church Notice (17) 1 Decorate Church
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International Case : Carrefour — Which Way to Go? Wal-Mart’s biggest global competitor is the big French retailer Carretour‚ a firm that has hypermarkets‚ big stores offering a variety of goods. It has made large investments around the globe in Latin America and China. But not all is well as competitors taking market share its home market‚ for instance. There has been even speculation of a takeover by Wal-Mart or Tesco‚ an English chain. Mr. Barnard has been ousted after heading the company
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Friedman Versus Drucker According to Peter Drucker’s‚ what is "business ethics"? Published in The Public Interest‚ he noted and addressed the moralist by stating. “To the moralist of the Western tradition "business ethics" would make no sense. Indeed‚ the very term would to him be most objectionable‚ and reeking of moral laxity. The authorities on ethics disagreed‚ of course‚ on what constitutes the grounds of morality--whether they are divine‚ human nature‚ or the needs of society”(Drucker‚ 1981 Spring)
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ONLINE CASE The Wallingford Bowling Center A group of twelve lifelong friends put together $1‚200‚000 of their own funds and built a $6‚000‚000‚ 48-lane bowling alley‚ near Norfolk‚ Virginia. Two of the investors became employees of the corporation. Ned Flanders works full-time as General Manager and James Ahmad‚ a licensed CPA‚ serves as Controller on a part-time basis. The beautiful‚ modern-day facility features a multilevel spacious interior with three rows of 16 lanes on two separate levels
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Drucker on Management: There’s More Than One Kind of Team By PETER F. DRUCKER This column was originally published Feb. 11‚ 1992. "Team building" has become a buzzword in American business. The results are not overly impressive. Ford Motor Co. began more than 10 years ago to build teams to design its new models. It now reports "serious problems‚" and the gap in development time between Ford and its Japanese competitors has hardly narrowed. General Motors’ Saturn Division was going to replace
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Peter Ferdinand Drucker (November 19‚ 1909November 11‚ 2005) was an author of numerous economics-related literature who was born in Vienna‚ Austria‚ the son of a high level civil servant in the Hapsburg empire. Since World War I left Vienna with little opportunity to offer‚ he went to Germany to work after finishing school‚ first in banking and then in journalism. He also earned a doctorate in International Law while he was there. The rise of Nazism forced him to leave Germany in 1933 and after
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Peter Drucker (1909-2005) Peter Drucker is known as the father of modern management. A prolific writer‚ business consultant and lecturer‚ he introduced many management concepts that have been embraced by corporations around the world. Peter Ferdinand Drucker (November 19‚ 1909 � November 11‚ 2005) was a writer‚ management consultant‚ and self-described �social ecologist.� His books and scholarly and popular articles explored how humans are organized across the business‚ government and the
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The principles of scientific management – Summary Introduction Taylor started this paper by quoting then President of the United States‚ Theodore Roosevelt. Stating that "The conservation of our national resources is only preliminary to the larger question of national efficiency." Taylor pointed out that while a large movement had started to conserve material resources‚ the less visible and less tangible effects of the wasted human effort was only vaguely appreciated. He argues the necessity of
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Fayol was a key figure in the turn-of-the-century Classical School of management theory.He saw a manager’s job as: • planning • organizing • commanding • coordinating activities • controlling performance Notice that most of these activities are very task-oriented‚ rather than people-oriented.This is very like.Fayol laid down the following principles of organization (he called them principles of management):1. Specialization of labor . Specializing encourages continuous improvement inskills
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COMMUNICATION (HONS) (CORPORATE COMMUNICATION) PRINCIPLE AND PRACTICE OF MANAGEMENT (JMS 1253) MUHAMMAD SYAZMI BIN MOHD SAID 4151001651 SEMESTER 11534 BACHELOR OF COMMUNICATION (H0NS) (CORPORATE COMMUNICATION) PRINCIPLE AND PRACTICE OF MANAGEMENT SIR ZAID BIN KADER SHAH PRINCIPLE OF PRACTICE AND MANAGEMENT EXERCISE 1 A. MANAGEMENT IN THE NEW MILLENIUM In this modern world ‚ the management aspect is one thing that can not be separated from humans. Management is one or the other form has existed in
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