General
How much does Kevin McGuire know about project managing
What is Everything there is to know
A project is not
What is a process
What is the triple constraint (the big 3 of constraints)
Time
Cost
Scope
Croatia also had 3 constraints against them today
What is Work Breakdown Structure (WBS)*
A method of organizing the scope of a project, using a hierarchical tree structure
What % of projects are classified as successful by the PM institute
26%
What is a portfolio
collection of projects/programs grouped together to facilitate effective management of that work to meet strategic business objectives
What are the 2 objectives of PM work
1. Project is delivered within confined constraints
2. Optimized allocation and integration of inputs needed to meet pre-defined objectives
increased scope = (relating to costs, time)
increased scope = increased cost = increased time
What is 6 sigma process
set of practices developed by motorola to systematically improve a process by eliminating defects
Who are project stakeholders that a PM must manage
suppliers, customers, colleagues, sponsors, experts
What are the 4 components of construction management
1. Construction Engineering
2. Management of the construction process
3. HR
4. Financial Management
A project is
what is a collection of tasks organized to have a defined start and finish with the purpose of creating a product or service
Tight budget =
increased time, reduced scope
What is scientific management
management based off of tried and tested methods of work, and time and motion studies
What is the physical nature of a typical construction product (3 things)
large
heavy
expensive
What are the 7 essential criteria for a successful completion of a project
1. on time
2. within budget
3. quality
4. no unresolved disputes or claims
5. Contractor-design team relationship maintained
6. Contractor - subcontractors relationships maintained
7. Contractor - client relationship maintained
A project is an undertaking that is:
what is unique, temporary, and progressively elaborated as it proceeds but has a pre-defined set of objectives
Tight time restraint =
increased cost, reduced scope
What are the duties of the design professional, and what are some examples of a design professional
Architect, engineer, consultant
Assist owner in developing scope, schedule, budget
Prepares construction documents used to build the project
responsible for physical integrity of project (licenced)
Who are the 3 principle players in construction
1. Owner (client)
2. Design Professional
3. Constructor
Name typical enterprise environmental factors
-organizational culture
- infrastructure
- company work authorization system
- marketplace conditions
- inflation/political climate
- stakeholder risk toleraces
- existing HR and personnel administration
Name 10 things you can do to achieve the essential 7 criteria
- build a team
- develop relationship with owners
- protect team
- keep promises
- keep track of lessons learnt
- ongoing coordination
- collaboration
- listen to stakeholders
- look at each project as a learning experience
- expect the unexpected
What are 4 reasons why projects are important
1. Project life cycle shortens with improved efficiencies
2. Product launch windows are narrow
3. Increasingly complex and technical products
4. low inflation limits corporations from raising prices to increase profits - only other option is managing costs
Define construction
the creation, renovation, repair, and demolition of immobile structures, including alternations of topography of land
What are the duties of the owner
pays bills and recieves benefit
determines scope, schedule, and budget