Dr. Michael Featherstone

Project Management - ime380

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

DEFINITIONS - Management

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

DEFINITIONS - Management

I also like this definition of Management. It’s from the book “Future Management” by Gary Hamel, 2007, Harvard Business School Press

• The capacity to marshal resources• and to lay out plans• and to program work• and to spur effort

DEFINITIONS – a Project

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 – Project Management

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 weddingBuilding a websiteWriting a Masters ThesisBuilding a houseLaunching a new product or promotionDesigning a new automobile Creating a video

DEFINITIONS

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 projectPlanning the projectExecuting the project/planControlling execution of the project/planClosing the project

DEFINITIONS

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.

TasksResourcesTime

DEFINITIONS

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 deliveryWithin budget deliveryHigh quality delivery

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