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TOPIC 1 (PROJECT (Examples (Develop a new product/service, Construct a…
TOPIC 1
PROJECT
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Unique
Products, Services, Results
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Different owner, design, location
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A temporary endeavor undertaken to create a Unique Product, Service, or Result.
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PROJECTS VS OPERATIONS
Project: Temporary, Operation: On-Going
Project: Unique, Operation: Repetitive
Project: Attain Objective, Then Terminated, Operation: Sustain Business
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PROJECT MANAGEMENT
Uses knowledge, skills, tools & techniques to project activities to meet project requirements
47 Project Management Processes in 5 Process Groups: Initiating, Planning, Executing, Monitoring & Controlling, Closing
Triple Constraints
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If any 1 of the 3 changes, 1 other changes
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A project has a defined start and end point and specific objectives that, when attained, signify completion. A program, on the other hand, is defined as a group of related projects managed in a coordinated way to obtain benefits not available from managing the projects individually.
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