Week Four Study Guide: Project Management
Readings and Key Terms
• Ch. 10 of Operations and Supply Chain Management
o Project
o Project management
o Pure project
o Functional project
o Matrix project
o Work breakdown structure
o Earned value management
o Critical path
o Slack time
o Early start schedule
o Late start schedule
o Time-cost models
• Ch. 12 of Survival Guide for Project Managers
o Project plan
o Initiation phase
o Planning phase
o Work breakdown structure (WBS)
o Project team
• Ch. 13 of Survival Guide for Project Managers
o Implementation or execution phase
o Monitoring and controlling
o Variance
o Scope
o Risk
o Risk management
• Ch. 14 of Survival Guide for Project Managers
o Termination or closing phase
o Project audit
o Project audit report
Content Overview
• Implementation
o Responsibility charts
o Project management tools and techniques
• Project management
o Right mix of projects to support company’s strategy
• Breakthrough
• Platform
• Derivative
o Structuring projects
• Pure project
• Functional project
• Matrix project
• Project planning
o Initiation
• Project starts as a statement of work (SOW)
• Project RASIC (roles and responsibilities)
• Project kickoff
o Planning
• SOW is broken down into tasks, subtasks, work packages, and milestones.
• Work breakdown structure outlines the hierarch of the tasks, subtasks, work packages, and milestones.
• Risk management
• Communication plan
• Quality plan
o Execution
o Monitoring and control
• Control charts, referred to as Gantt charts, are used to monitor progress of the project.
• Earned value management
•...