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Project Pinto Ch1

Satisfactory Essays

INSTRUCTOR’S RESOURCE MANUAL

CHAPTER ONE

Introduction: Why Project Management?

To Accompany

PROJECT MANAGEMENT:
Achieving Competitive Advantage

By
Jeffrey K. Pinto

CHAPTER ONE

PROJECT PROFILE – Disney’s Expedition Everest
INTRODUCTION
1. WHAT IS A PROJECT? General Project Characteristics
2. WHY ARE PROJECTS IMPORTANT?
PROJECT PROFILE – Dubai – Land of Mega-Projects
3. PROJECT LIFE CYCLES
PROJECT MANAGERS IN PRACTICE – Christy Rutkowski, Regency Construction Services
4. DETERMINANTS OF PROJECT SUCCESS
PROJECT MANAGEMENT RESEARCH IN BRIEF – Assessing Information Technology (IT) Project Success
5. DEVELOPING PROJECT MANAGEMENT MATURITY
6. PROJECT ELEMENTS AND TEXT ORGANIZATION
Summary
Key Terms …show more content…

Employees have to be trained in the new processes and learn to implement it into their current role. Often times, employees are adverse to a large shift in current practices due to uncertainty of the outcome.

3. What are the advantages and disadvantages to using project management?

Advantages: ▪ Innovative, produce new ideas and new products ▪ Geared toward accomplishing a specific goal ▪ Aimed at customer satisfaction

Disadvantages: ▪ Inaccurate cost estimates during initial stages may cause project to fail due to lack of resources ▪ Low success rate in some industries ▪ Requires heavy commitment by staff

4. What are the key characteristics all projects possess?

Projects: ▪ are temporary operations with a defined lifespan ▪ help develop and execute organizational strategies and goals ▪ are sources of innovation and progress ▪ stimulate internal collaboration between members of various functional areas ▪ are limited by resource and time constraints ▪ end when objectives are successfully reached

5. Describe the basic elements of the project life cycle. Why is an understanding of the life cycle relevant for our understanding of projects?

The project life cycle includes the stages of the project’s development. The basic elements of the cycle include: ▪ conceptualization: outlines project goal, scope of work, identifies required resources and stakeholders ▪ planning:

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