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2 - Project Management - Lecture 2 - Chapter 2
2 - Project Management - Lecture 2 - Chapter 2
Project Management
Chapter 2
Organization Strategy and Project
Selection
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Characteristics of Objectives
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, duration
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اﻻمتثال
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Financial Models
• The Payback Model
– Measures the time the project will take to recover
the project investment.
– Uses more desirable shorter paybacks.
– Emphasizes cash flows, a key factor in business.
• Limitations of Payback:
– Ignores the time value of money.
– Assumes cash inflows for the investment period
(and not beyond).
– Does not consider profitability.
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15000 25000
NPV 50 , 000 2
(1.2) (1.2)
30000 20000 15000
3 4 5
(1.2) (1.2) (1.2)
$ 12 , 895 . 4
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Project Proposals
• Sources and Solicitation of Project Proposals
– Within the organization
– Request for proposal (RFP) from external sources
(contractors and vendors)
• Ranking Proposals and Selection of Projects
– Prioritizing requires discipline, accountability,
responsibility, constraints, reduced flexibility,
and loss of power.
• Managing the Portfolio
– Senior management input
– The priority team (project office) responsibilities
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ﺗﺧﻠﻰ
ﻻﺣﻖ
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Priority Analysis
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Key Terms
Implementation gap
Net present value
Organizational politics
Payback
Priority system
Priority team
Project portfolio
Project screening matrix
Project sponsor
Sacred cow
Strategic management process
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Problems
Solve the following Problems in page 51-55:
4, 5, and 7
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رؤية القسم
يتطلع ﻗﺴﻢ هندسة القوى الميكانيكية الى ان يصبح ﻗﺴما معتمدا ومشهودا له ﺑما
يقدمه مﻦ استثمار للمﺴتقبﻞ ﻓﻲ التعليﻢ والبحث العلمﻲ والتنمية المجتمعية
المﺴتدامه
رسالة القسم
ﻗﺴﻢ هندسة القوى الميكانيكية يقدم تعليما متميزا وﺑحوثا أكاديمية وتنموية رائدة
وخدمات مجتمعية متفردة وتنمية متواصلة لمواردها البشرية ﻓﻲ اطار مﻦ
اﻻﺑتكار والجودة والقيﻢ اﻻخﻼﻗية
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