Page 226 - DMGT302_FUNDAMENTALS_OF_PROJECT_MANAGEMENT

Unit 14: Project Management

People who tell you what to do, defining to some degree what your project will produce Notes
and what constitutes success.
As a principle investigator, you are the main driver for your research.

People who have an interest in your project but are neither drivers nor supporters.
The work breakdown structure (WBS) is an outline of all the work that will have to be
performed for your project.

The WBS is one of the most important elements of project management as it will help you
schedule the project and its parts, estimate resources, assign tasks and responsibilities, and
control the project.
14.8 Keywords

Activities plan: A table showing activities and their planned start and end dates.
Gantt chart: A graph consisting of horizontal bars that depict the start date and duration for
each activity.
Key events schedule: A table showing events and target dates for reaching them (remember that
events are milestones signaling the completion of one or more activities).

PERT chart: A diagram in which activities are represented by lines and events on the nodes
(typically depicted as circles or bubbles).

14.9 Review Questions

1. What is project management?

2. Explain how to decide on a project.
3. Describe the defining on the audience.
4. Divide your audience list into three categories and explain it.
5. Explain the tracking the work and the resources.

6. What are the tools for developing schedules?
7. What do you know about he project management software?
8. Give a real-life example on project management.

Answers: Self Assessment

1. WBS 2. Project

3. Schedule 4. False
5. True 6. True
7. Current 8. NIH
9. 25 percent 10. Software

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