STUDY GUIDE EMPM5103 Principles of Project Management CENTRE FOR GRADUTE STUDIES STUDY GUIDE EMPM5103 Principles of Project Management First Edition (September 2011) Writer: Dr David Goh Publisher: Centre for Instructional Design & Technology Open University Malaysia First Published: September 2011 Copyright © Open University Malaysia (OUM) All rights reserved. No part of this work may be reproduced in any form or by any means without the written permission of
Premium Project management Management
Vacances has decided to implement a new internet¬-based booking system. This will be linked to its existing computerized booking system‚ which contains data on the availability of properties‚ and to its customer database as well as having secure links over which credit card data can be received. In addition‚ the company wants its management information system (MIS) enhanced so that it can trawl its databases and send targeted information to customers on properties that are likely to be of interest to
Free Internet History of the Internet World Wide Web
Project management has quickly become something that is used by most organizations when the organization wants to finish a project in a timely manner and within budget. Project management helps companies to meet their strategic mission in a planned and organized way. This paper will explain what project management is and the importance of it to the business world‚ the project life-cycle management and the benefits that project management has to an organization and the concept that goes into
Premium Project management Management
Technical Paper It Project Management Student name: Instructor Name: Date: Introduction There is an old adage which insists “time is money.” While simple‚ in concept‚ it has been proven true‚ in fact. In a global‚ technologically driven society‚ however‚ the very idea of time has changed. Having once implied a spanning space between the hours of “nine to five” relative to the person or organization from whose vantage money was viewed‚ time is
Premium Project management
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
Response Value A. program B. process C. project 100% D. portfolio Score: 2/2 Which of the following is not an attribute of a project? Student Response Value A. projects are unique B. projects are developed using progressive elaboration C. projects have a primary customer or sponsor D. projects involve no uncertainty 100% Score: 2/2 Which of the following is not part of the triple constraint of project management? Student Response Value A. meeting scope
Premium Project management
Project - temporary endeavor undertaken to create a unique product‚ service‚ or result Program -group of related projects managed in a coordinated way Project management -the application of knowledge‚ skills‚ tools and techniques to project activities to meet project requirements Knowledge areas-key competencies project managers should develop Project portfolio management -involves organizing and managing projects and programs as a portfolio of investments Project management tools and techniques-assist
Premium Project management
ch17-Project Management 1. Good project management is especially important with virtual teams. TRUE Virtual teams face challenges that make project management especially important. 2. One way that project management differs from management of more traditional activities is because of the limited lifetime of projects. TRUE Projects have lifetimes that are typically shorter than other business endeavors. 3. Once a project is approved and underway‚ project managers are only responsible for
Premium Project management Standard deviation
Project Management Paper MGT/437 November 3‚ 2010 Project Management Paper A project can be a wide variety of activities. According to Kerzner‚ 2006‚ a project can be considered to be any series of activities and tasks that have a specific objective to be completed within certain specifications‚ has defined start and end dates‚ has funding limits (if applicable)‚ consume human and nonhuman resources (i.e.‚ money‚ people‚ equipment)‚ and are multifunctional (i.e.‚ cut across several
Premium Project management Management
requirement backwards to an actual business need and forwards to the ending product or service. Requirements are also linked to other requirements (Kerton‚ 2011). Requirements traceability benefits an organization by allowing it to improve scope management‚ improve test coverage and test costs‚ and improve impact assessment (Kerton‚ 2011‚ p. 2-3). A properly completed requirements traceability matrix allows an organization to clearly identify risks within the improved business process‚ as well as
Premium Software requirements Process management Requirements analysis