TAILIEUCHUNG - Lecture Project management: The managerial process (5/e): Chapter 1 - Erik W. Larson, Clifford F. Gray

Chapter 1 - Modern project management. The main contents of the chapter consist of the following: What is a project? The importance of project management, project management today - an integrative approach. | What is a Project? Project Defined A complex, nonroutine, one-time effort limited by time, budget, resources, and performance specifications designed to meet customer needs. Major Characteristics of a Project Has an established objective. Has a defined life span with a beginning and an end. Requires across-the-organizational participation. Involves doing something never been done before. Has specific time, cost, and performance requirements. 1– Programs versus Projects Program Defined A series of coordinated, related, multiple projects that continue over an extended time and are intended to achieve a goal. A higher level group of projects targeted at a common goal. Example: Project: completion of a required course in project management. Program: completion of all courses required for a business major. 1– Comparison of Routine Work with Projects TABLE Routine, Repetitive Work Taking class notes Daily entering sales receipts into the accounting ledger Responding to a .

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