About This Chapter
Project Management - Chapter Summary and Learning Objectives
Expert planning, scheduling and management are keys to success with any type of business project. Putting together a strong team, breaking down the work into a manageable timeframe and computing costs are all part of project management. In this chapter, we'll explore project management theories, determine the factors that can cause a time schedule to go awry and even examine how cultural differences can impact a project. With these lessons, you'll learn about factors such as:
- Using a PERT analysis for project scheduling
- Why it's important to determine pessimistic, as well as optimistic and probable, time estimates
- The contribution Henry Gantt made to project management
- How the time cost tradeoff problem impacts scheduling
- Direct and indirect costs
- The purpose of project crashing
|Project Planning: Steps, Process & Return||Look at the components of project planning, including scoping, risk analysis, estimation and scheduling.|
|The Project Team and Work Breakdown Schedule||Learn how a project team is formed and how it utilizes the work breakdown structure.|
|PERT Analysis and Project Completion||Identify PERT analysis and its use in completing a project within a certain timeframe.|
|Gantt Charts and Bar Graphs: Henry Gantt's Contributions to Management||Learn how Gantt charts and bar graphs visually represent projects.|
|Critical Path Method||Define critical path and show how to use network diagrams.|
|Project Crashing Analysis: Definition & Examples||Define project crashing, and explain how to manually crash a project network.|
|Time Cost Tradeoff Analysis: Project Scheduling & Estimates||Look at the impact of the time cost trade off problem on project schedules.|
|Scheduling and Controlling Project Costs with PERT/Cost||Review how PERT/Cost can schedule and control project costs.|
|Direct and Indirect Costs in Project Management||Understand how direct and indirect costs are related.|
|Global and Diversity Issues in Project Management||Look at the cultural issues that can influence project management in another country.|
1. Project Planning: Steps, Process & Return
More and more, the ability to plan and execute a project is a way to get ahead in work. In this lesson, we'll go over the basics of project planning, from the drawing board to completion.
2. PERT Analysis & Project Completion
Time-based decision methods are used a great deal when a manager or company looks at a time-based project. To ensure the project can be done on time, managers use PERT analysis, a tool for estimating the time it will take to complete a project. This lesson will outline PERT and help you to understand how it is used to predict time based projects.
3. Gantt Charts & Bar Graphs: Henry Gantt's Contributions to Management
This lesson will describe how Henry Gantt revolutionized management practices by providing a graphical representation, also known as the Gantt chart, of work processes that showed scheduling and monitoring projections. Other contributions of Henry Gantt, such as the task and bonus system, will also be discussed.
4. Critical Path Method: Definition, Analysis & Examples
In this lesson, you'll learn what the critical path methodology is, how it is used as a planning tool, and how the project manager uses it to execute projects on schedule and on budget.
5. Direct and Indirect Costs in Project Management
Managing the costs of a project is a key element in effective project management, but not all costs are the same. In this lesson, you'll learn about direct and indirect costs in project management.
6. Global and Diversity Issues in Project Management
In a global economy, companies in one country often set up operations in other parts of the world. This means issues involving the culture like customs, etiquette, and language barriers may arise while managing projects abroad.
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Other chapters within the Business 112: Operations Management course
- Introduction to Operations & Supply Chain Management
- Quality in Operations & Supply Chain Management
- Six Sigma & Operations
- Monitoring & Controlling Quality
- Product Design
- Service Design
- Operations Processes & Technology
- Capacity & Facilities Design
- Facility Location Models
- Supply Chain Strategy & Design
- Global Supply Chain Procurement & Distribution
- Inventory Management
- Lean Systems
- Forecasting in Operations Management
- Sales & Operations Planning
- Resource Planning in Operations Management
- Scheduling in Operations Management