Bus 1040- Project Management. Week 3
Overview.
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Review previous week. See P.Point. H.O. Real life
sample?
Marking system for 20%
Group exercise. Leadership and teamwork.
Web CT update http://webct3.gbrownc.on.ca:8600
Terms-review to date
Lecturette on Project selection. Financial vs. non
financial.
Selection, Non financial types-class participation.
Lecture on project overview (key, start to finish)
Group work. Create Project framework.
Review, comments and assignments.
Marking system for 20%
Participation in group exercises
 Complete and submit necessary
forms, by end of class-with names.
 Some home work assignments.
 Present necessary documents.
 Keep records of your own scores
 Note deadlines to earn marks.
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Leadership Teamwork
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Class form into three groups
Meet new people-add to your data base.
Choose leader. Discuss conduct rules, Leader
and group
Select and Plan execution of exercise given
Rehearse activity
Demonstrate activity to other groups
Discuss group dynamics, comm., commit., etc
Take away learnings and applications?
Terms:review list provided
Milestone, benchmark, task, activities,
schedule, C.P.M., P.M.I. PMBOK, PMP,
Gantt, PERT, Network diagram,
stakeholders, Customer, Project team,
cross functional, line manager, event, art
vs. science, MS Project, Bar charts,
Manhattan project, Polaris project,
budgets, estimates,
Project selection
Non-financial. See handout
2. Financial models (cost/benefit analysis)
A.
Net present value (N.P.V.)
B.
Rate of return %
C.
Payback period- period months/years
D.
Maximum cash investment $
3. Weighted method, can use both financial
and non financial-review next week.
1.
Proposal writing
Defining the Project
Who is responsible for what?
 Who has authority?
 How do we communicate?
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Answers are the RULES for project
Project overview
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Class group activity
Form into teams
Receive a portion of project.
Post your portion onto the
master overview charts
Read textbook key points-add to charts
Discuss with large group the relationships
observed between areas.
Groups volunteer suggestions for real life
Definition
Needs
Selection/
Approval
Charter
Statement
of work
Purpose
Scope
Deliverable
s
Product
descript
Cost
/resource
estimates
materials
Schedule
estimates
Objectives
Stakeholde
rs
Organizati
on chart
Responsibil
ity matrix
Communic
ation
matrix
Responsibil
ity matrix
Preliminary
Plan
Risk
manageme
nt plan
I.D.
Strategy
Control
W.B.S.
Diagram
Task size.
Work
packages.
Budget
Network
diagrams.
CPM/PERT
Cost
estimate
worksheet
Cash flow
schedule
Execute
Status
reports
Cost
tracking
Schedule
tracking
Meetings
Open task
reports
Issues logs
Change
order
requests
Postproject
Review &
Guides
Review
reporting
Client
Satisfactio
n assess
History file
Poject
summary
report
Contact
Sheets
Networkin
g
Change
logs
Close out
Real life applications
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Group suggestions
Review
Key learning's
 Liked
 Do different
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Week 4 preview
Open ended questions
 Financial models-calculations
 Statement work
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