and weighed the risk involved. • Examples: great wall ……
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• Over time, people realized that the techniques for cost control,timeline development, resource procurement and risk management were applicable to a wide range of projects,whether erecting bridges, rotating crops or deciding how to govern themselves. These early idea were the precursors to a set of management techniques we now know as “modern project management”.
• Knowledge expansion-TEAM: call for high level of coordination and cooperation between groups of people.
• Intensive Competition-make their complex,customized outputs available as quickly as possible. “Time-to-market” is critical.
• PM has emerged because the characteristics of our late 20th society demand the development of new methods of management.
• The exponential expansion of human knowledge; • The growing demand for broad range of
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•Байду номын сангаасThe past several decades have been marked by a rapid growth in the use of project management as a means by which Org. achieve their objectives.
• The projects undertake are large and getting larger. “The more we can do, the more we try to do”.
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Project fails too often
• Systems projects: 30-45%of system projects fail prior to completion. Over half of all system projects overrun their budgets and schedules by up 200% or more. Combined costs of failure and overruns total in the hundreds of billions of dollars.
Topic 1
INTRODUCTION +
PROJECT SELECTION
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I. Introduction
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1. Evolution of an Idea
• People have been planning and managing Projects since the dawn of time. Whenever and wherever civilizations took root, there were projects to manage: building to erect, roads to pave, laws to write. Without the advanced tools, techniques and methodologies we have today, people created project timelines, located materials and resources
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• Modern organizations are finding that project management provides many advantages--not the least of which is improving the bottom line! Savvy customers demand more and better products and faster services. Time-to-market pressures forces greater efficiency. Professional project management has found its place in today’s competitive, global business arena.
• Computerworld’s survey: failed system projects cost more than $100 billion per year; one of two projects overrun its budget by 180% or more; A survey of what was missing in PM process indicated:
complex,sophisticated,customized goods and services; • The evolution of worldwide competitive markets.
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• All 3 forces combine to mandate the use of TEAM to solve problems that used to be solvable by individuals.