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Operations management summary H7 Projects
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This summary deals mainly with projects. How to cut it in short, reduce costs, and which one you can choose best.
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MNP2601 ASSIGNMENT 5 SEMESTER 1 2024
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Operations management H7Project = interrelated set of activities with a definite starting and ending point, which
results in a unique outcome for a specific allocation of resources (set van
activiteiten met een begin en een eind)
Project management = a systemized, phased approach to defining organizing,
monitoring, and controlling projects
Defining and organizing projects:
1. Defining the Scope and Objectives of a project
2. Selecting the Project manager and Team
- Facilitator
- Communicator
- Decision maker
- Technological competence
- Sensitivity dedication
3. Recognizing organizational structure
- Functional
- Pure project
- Matrix
Constructing Project Networks:
- Defining the work breakdown structure
- Diagramming the network
- Developing the project schedule
- Analyzing cost time trade-offs
- Assessing and analyzing risks
Defining the Work Breakdown Structure:
- WBS = a statement of all work that has to be completed
- Activity = smallest unit of work effort consuming both time and resources
that the project manager can schedule and control
Diagramming the Network:
= a visual display designed to depict the relationship between activities, that consist
of hodes (circles) and arcs (arrows)
- PERT = program evaluation and review technique
- CPM = critical path method
- Precedence relationship = a relationship that determines a sequence for
undertaking activities
o Specifies a activity die kan niet eerder beginnen als de ander is
afgerond
- Estimating activity times
o Statistical methods
o Learning curve models
o Managerial opinions
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