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Summary Project management in perspective: summaries and class notes $8.41
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  3. Stellenbosch University (SUN)
  4.  
  5. Project Management 314 (PM314)

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Summary Project management in perspective: summaries and class notes
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  • Course
  • Project Management 314 (PM314)
  • Institution
  • Stellenbosch University (SUN)
  • Book
  • Project Management in Perspective

This doc includes summaries of all chapters covered in class, as well as additional class notes and useful tips. I did get a distinction in this class with the help of theses notes.

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  • No
  • All chapter discussed in class, and included in a2
  • February 24, 2024
  • 49
  • 2023/2024
  • Summary

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  • project man

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  • Stellenbosch University (SUN)
  • Project Management 314 (PM314)
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,TABLE OF CONTENTS

CHAPTER 5: NETWORK DIAGRAMS ................................................................................................................................................. 1

BASICS ....................................................................................................................................................................................................................................... 1

PRELIMINARY SCHEDULE ..................................................................................................................................................................................................... 1

PERT .......................................................................................................................................................................................................................................... 2

RELATED ACTIVITIES............................................................................................................................................................................................................. 3

NETWORK DIAGRAMS......................................................................................................................................................................................................... 3

How to do a network diagram ...........................................................................................................................................................4

CHAPTER 7: CRASHING A PROJECT .............................................................................................................................................. 6

BASICS ......................................................................................................................................................................................................................................6

Reasons to crash...............................................................................................................................................................................................6

Alternatives to crashing .............................................................................................................................................................................6

CRASHING ............................................................................................................................................................................................................................... 7

1. Determine the slope and max crash ............................................................................................................................ 7

2. Determine all paths and their lengths ........................................................................................................................ 7

3. Crash activities.......................................................................................................................................................................................8

4. Complete the crash table .........................................................................................................................................................8

CHAPTER 8: PROJECT EXECUTION, MONITOR, CONTROL ............................................................................................... 9

PROJECT EXECUTION .........................................................................................................................................................................................................9

Status report ...........................................................................................................................................................................................................9

PROJECT BUDGET ................................................................................................................................................................................................................9

PROJECT MONITORING AND CONTROL................................................................................................................................................................... 10

Project control process............................................................................................................................................................................... 11

Earned Value Management (EVM) ................................................................................................................................................ 11

EVM process .......................................................................................................................................................................................................... 12

CHANGE CONTROL ........................................................................................................................................................................................................... 13

ETHICS ..................................................................................................................................................................................................................................... 13

CHAPTER 9: PROJECT CLOSURE ................................................................................................................................................... 14




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, PROJECT CLOSURE ACTIVITIES .................................................................................................................................................................................... 14

PROJECT CLOSURE REPORT .......................................................................................................................................................................................... 15

The need for a clear end ........................................................................................................................................................................ 16

Premature closure.......................................................................................................................................................................................... 16

PROJECT HANDOVER ....................................................................................................................................................................................................... 16

BENEFITS REALISATION ..................................................................................................................................................................................................... 17

FOLLOW-ON ACTIONS .................................................................................................................................................................................................... 18

FORMAL SIGN OFF.............................................................................................................................................................................................................. 18

PROJECT EVALUATION ..................................................................................................................................................................................................... 18

Dimensions of project success ....................................................................................................................................................... 19

CHAPTER 10: PROJECT RISK MANAGEMENT .......................................................................................................................... 20

PROJECT RISK MANAGEMENT CYCLE...................................................................................................................................................................... 20

CHAPTER 11: STAKEHOLDER MANAGEMENT ........................................................................................................................... 24

STAKEHOLDER MANAGEMENT PROCESS ............................................................................................................................................................... 24

Salience model of classification .................................................................................................................................................. 24

Role-based classification .................................................................................................................................................................... 24

Bottoms-up classification ................................................................................................................................................................... 25

CONFLICT BETWEEN STAKEHOLDERS ...................................................................................................................................................................... 26

Functional conflict ........................................................................................................................................................................................ 26

Dysfunctional conflict ............................................................................................................................................................................... 26

CHAPTER 12: PROJECT COMMUNICATION ............................................................................................................................ 27

STRUCTURE OF PROJECT COMMUNICATION....................................................................................................................................................... 27

IMPORTANCE OF COMMUNICATION ........................................................................................................................................................................ 27

FOUNDATIONS ................................................................................................................................................................................................................... 28

7-38-55 rule of personal communication ........................................................................................................................ 28

Communication mediums ................................................................................................................................................................. 28

MEETINGS ............................................................................................................................................................................................................................ 29

Purpose of meetings ................................................................................................................................................................................. 29

Types of meetings........................................................................................................................................................................................ 29




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, Effective meetings........................................................................................................................................................................................ 30

PROJECT DOCUMENTS.................................................................................................................................................................................................. 30

CHAPTER 14: CHANGE MANAGEMENT ....................................................................................................................................... 31

ORGANISATIONAL CHANGE .......................................................................................................................................................................................... 31

CHANGE CLASSIFICATION ............................................................................................................................................................................................. 31

CHANGE MANAGEMENT PROCESS ...........................................................................................................................................................................32

ROLE PLAYERS IN CHANGE ............................................................................................................................................................................................32

Internal .......................................................................................................................................................................................................................32

External ...................................................................................................................................................................................................................... 33

CHANGE PSYCHOLOGY ................................................................................................................................................................................................ 33

Reactions to change ................................................................................................................................................................................. 33

Resistance to change .............................................................................................................................................................................. 34

CHANGE COMMUNICATION ....................................................................................................................................................................................... 34

Who? ............................................................................................................................................................................................................................ 35

CHANGE SUCCESS.......................................................................................................................................................................................................... 35

CHAPTER 15: LEADERSHIP .................................................................................................................................................................. 36

Key elements in leadership................................................................................................................................................................ 36

Management vs. leadership ............................................................................................................................................................. 36

THE PROJECT MANAGER ............................................................................................................................................................................................... 36

LEADERSHIP APPROACHES ............................................................................................................................................................................................37

Leadership traits ..............................................................................................................................................................................................37

Leadership types.............................................................................................................................................................................................37

PROJECT MANAGER VS. PROJECT LEADER........................................................................................................................................................... 39

PROJECT TEAM LEADERSHIP ........................................................................................................................................................................................ 39

CHAPTER 16: PROGRAMME & PORTFOLIO MANAGEMENT ........................................................................................... 40

PROGRAMME...................................................................................................................................................................................................................... 40

Relationship or dependency ............................................................................................................................................................ 40

Coordination....................................................................................................................................................................................................... 40

Benefits ..................................................................................................................................................................................................................... 40




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