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Summary OBS220 Notes Covering Ch 1,2,3,6 PM (2022 Semester Test 1) R80,00
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  5. OBS220 Project Management & Negotiations (OBS220)

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Summary OBS220 Notes Covering Ch 1,2,3,6 PM (2022 Semester Test 1)
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Theses are detailed notes covering chapters 1,2,3, and 6 from the Project Management textbook. These notes have been compiled in conjunction with the textbook and lecture slides. These notes have also been made from semester test 1 of 2022. Textbook used: Project management: Kloppenborg, T.J., ...

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  • 1,2,3,6
  • August 21, 2022
  • 28
  • 2022/2023
  • Summary

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OBS 220

NOTES

, PROJECT MANAGEMENT


CHAPTER 1: Introduction to Project Management


Project: a temporary endeavour undertaken to create a unique product, service, or result. Projects require:
▪ an organized set of work efforts.
▪ progressively elaborated detail.
▪ a defined beginning and ending.
▪ a unique combination of stakeholders.
▪ Projects are subject to time and resource limitations


Stakeholders: an individual, or organization who may affect, be affected by, or perceive itself to be affected
by a decision, activity, or outcome of a project.


Project Management: he application of knowledge, skills, tools and techniques to project activities to meet
project requirements.


Work Processes initiate, plan, execute, monitor/control, close
Trade-offs among Scope, Quality, Cost, Schedule, Resources, Risks
Administrative Tasks Planning, documenting and controlling
Leadership Tasks for Work
Associates
Knowledge, skills & methods Visioning, motivating, promoting
apply for most projects



Project Work Be Described As:
Projects vs ▪ Projects are temporary
Operations ▪ Projects have routine and unique characteristics
▪ Operations are ongoing work
Soft Skills & Hard Soft Skill Activities: Hard Skill Activities
Skills ▪ Communication ▪ Risk analysis
▪ Leadership ▪ Quality control
▪ Conflict resolution ▪ Scheduling work
▪ Budgeting work
Authority & ▪ One person being assigned accountability
Responsibility ▪ Project managers negotiate with functional managers
▪ Strong communication and leadership skills to persuade subordinates

, Functional manager: someone with management authority over an organizational unit....the
manager of any group that actually makes a product or performs a service
Project Life Cycle Project life cycle: the series of phases that a project goes through from its initiation to its closure.
(PLC) Project life cycles vary among different disciplines but generally are comprised of the same general
stages:
▪ Selecting and initiating
▪ Planning
▪ Executing (includes monitoring/controlling)
▪ Closing and realizing


A project must gain approval to move from one stage to the next. Projects are measured at
additional points
• Selection
• Progress reporting
• Benefits realization
Agile (adaptive) vs
Waterfall ADAPTIVE (Change-Driven) PLC

(predictive)
Approach




PREDICTIVE (Plan-Driven)

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