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MANAGEMENT
By: Niño C. Mejias
WHAT IS A
• A project is a set of activities with a defined start point and a defined end
state, which pursues a defined goal and uses a defined set of resources.
● organizing emergency aid to earthquake victims;
● producing a television programme;
● designing an aircraft;
● running a one-week course in project management;
● relocating a factory;
● refurbishing an hotel;
● installing a new information system.
TEMPORARY
OBJECTIVE
NATURE
a definable end
a temporary result or output that
concentration of is typically defined in
resources is needed terms of cost, quality
to carry out the and timing
undertaking.
UNIQUE DEGREE OF
a definable end COMPLEXITY
result or output that UNCERTAINTY Many different tasks
is typically defined in are required to be
terms of cost, quality All projects are
undertaken to
and timing planned before they
achieve a project’s
are executed and
objectives.
therefore carry an
element of risk
A TYPOLOGY OF
PROJECTS
• To help plan and control all significant projects, but can also prove helpful in
smaller ventures. The two network analysis methods we will examine are
the critical path method (CPM) or analysis (CPA) and programme evaluation
and review technique (PERT).