5. Project Management in Action-UPS Moving the goods Project : Expand the delivering packages to helping net companies with everything from managing inventory to Tracking Shipment. Payoff : About 500,000 companies worldwide use the full package of UPS online logistics services, generating $ 1.4B in revenue. Action : UPS developed online system for e-tailers for everything from product delivery and tracking, managing inventories, and dealing with suppliers, to handling billings and payments. Cost are slashed for all stake holders in the supply chain to the final chain to the final customer. The UPS system leaves the competitors in a catch-up mode
21. Characteristics of Objectives EXHIBIT 2. 1 S Specific Be specific in targeting an objective M Measurable Establish a measurable indicator(s) of progress A Assignable Make the objective assignable to one person for completion R Realistic State what can realistically be done with available resources T Time related State when the objective can be achieved, that is, its duration.
30. Organization Structure and Culture “ Successful project management can flourish within any structure, but the culture within the organization must support the four basic values of project management: Cooperation, Teamwork, Trust & Effective Communication ”
47. Defining the Project “ Select a dream Use your dream to set a goal Create a plan Consider resources Enhance skills and abilities Spend time wisely Start! Get organized and go…….”
66. Factors Influencing the Quality of Estimates Quality of Estimates Project Duration People Project Structure and Organization Organization Culture Planning Horizon
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68. Macro versus Micro Estimating TABLE 5.1 Conditions for Preferring Top-Down or Bottom-Up Time and Cost Estimates Condition Macro Estimates Micro Estimates Strategic decision making X Cost and time important X High uncertainty X Internal, small project X Fixed-price contract X Customer wants details X Unstable scope X
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71. Apportion Method of Allocating Project Costs Using the Work Breakdown Structure FIGURE 5.1
82. Developing a Project Plan “I had six honest serving men who taught me all I know: their names were- What? How? Why? When? Where? Who? …….. Rudyard Kipling
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84. From Work Package to Network FIGURE 6.1 WBS/Work Packages to Network
85. From Work Package to Network (cont’d) FIGURE 6.1 (cont’d) WBS/Work Packages to Network (cont’d)