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NetOR

NetOR

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Published by kevin punzalan

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Published by: kevin punzalan on Feb 19, 2009
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03/17/2012

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Operations Research
 
PROJECT MANAGEMENT
 The Strategic Importance of ProjectManagement
Scheduling large, often one-time projects is adifficult challenge to operations managers andis one of the 10 OM decisions. The stakes inproject management are high Millions of dollars in cost overruns have been wasted dueto poor planning on projects, unnecessarydelays have occurred due to poor scheduling,and companies have gone bankrupt due topoor controls.
 
PROJECT MANAGEMENT
 The management of large projects involvesthree phases;
2.
Planning. This phase involves goal setting,defining the project, and team organization.
3.
Scheduling. This phase relates people,money, and supplies to specific activitiesand relates activities to each other.
4.
Controlling. Here the firm monitorsresources, costs, quality, and budgets. Italso revises or changes plans and shiftsresources to meet time and cost demands.

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