Professional Documents
Culture Documents
BUS1040 Lecture Week 1 SS21
BUS1040 Lecture Week 1 SS21
BUS1040 Lecture Week 1 SS21
Assignments / Exams
◦ All weekly assignments, projects, midterm and final exams
Class Expectations
•You will maximize your learning by attending live lectures –
opportunity to ask questions and work with your peers
•However, all lectures are recorded and found in Bb collaborate
•Weekly participation assignments – full marks for effort
•Deadlines and due dates are real
•Peer evaluation of team project contribution will influence your
grade
•You’re going to bring and be your best each week
Grades Breakdown
•45% Exams (Midterm 25% - Final 20%)
•40% Team Project (Report 25% - Video 15%)
•15% Participation (2-3% each week in class)
Technology that we will use
MS Teams MS Project
• Weekly Content • Team Project: • Project Plan
• Announcements Communication Schedule
• Grades and Drafts
• Submitting
Assignments
• Feedbackhttp://www.google.ca/imgres?
imgurl=http://farm1.static.flickr.com/5/5921913_ac83ed27bd.jpg&imgrefurl=http://www.flickr.com/photos/c
appellmeister/5921913/&usg=__RIFVTkQWDJl62gzthpJZBsT8B8M=&h=375&w=500&sz=66&hl=en&star
t=5&zoom=1&itbs=1&tbnid=N1WRaLeGbwx_tM:&tbnh=98&tbnw=130&prev=/images%3Fq%3Dproject
%2Bmanager%26hl%3Den%26safe%3Dactive%26sa%3DX%26tbs%3Disch:1%26prmd%3Divnsb 7
Applied focus for the class
The Team Project Assignment (40%) focuses on developing a
Project management plan for a real project need that involves
GBC in some way
Team Project
All team project information will be on Blackboard
1. Setting up Your Project Team Hub
2. Team Project Instructions and Marking Scheme
3. Step by Step Guide
4. Video instructions
5. Instructions for submitting project report
Group Project Examples
2020 Examples
Library
Clean Toronto
Affordable Parking
Biodegradable Soap
Charity Book Sale
Online Social Lounge
What is Project
Management?
OVERVIEW
What is a Project?
Definition
Every project has a beginning and an end
Usually a high degree of coordination and
interdependencies between tasks & resources
Usually “Produces something unique” – Done One Time
Differs from “Ongoing Operations” which have no end
date and are fairly routine & repetitive
What do Project Managers Do?
The Need for Project
Management
United States spends $2.3 trillion on projects each year
(PMI)
Studies show that most of these projects will not succeed
29% of all projects are actually delivered on time, within
budget, and to specification (Standish Group)
Only 17.6% of companies have standard project
management processes in place (PMI)
Although these statistics appear grim, there is
opportunity
…that Opportunity is YOU!
Why is Project Management
Important?
http://www.wetfeet.com/careers-industries/careers/project-management 21
What
Industries
Typically
Employ Project
Managers
• Financial Services
• Technology
• Construction
• Event Planning
• Health Care
• Government
• Marketing
• Advertising
• Entertainment/Film
• Design
• Events
glassdoor.ca
Project Management Career
Considerations
CHALLENGES REWARDS
Workload
High Impact
pressure
Lack of Transferrable
Funding Skills
Recognition
authority
Customer Team
Diversity High profile
expectations conflicts
Project Lifecylce
FOUR STAGES OF EVERY PROJECT
The Project Lifecycle
Typical Stages
Project Project Project Project
Definition Planning Execution Close-Out
A fundamental concept of
project management is that
there is a relationship
between the primary three
project objectives…all of
which define project
success.
Triple Constraints
Project Success
Success is not only determined by
the project managers ability to
manage the 3 objectives of
budget, scope and schedule.
•High staff morale (Low Burnout)
•Great relationship with the
customer
•Vendors that can’t wait to work
with you on the next project
PMI
PROJECT MANAGEMENT INSTITUTE
Project Management Institute
PMI https://www.pmi.org/
•Founded in 1969, 500,000 members worldwide
•The leading organization for project management
professionals
•Created the “PMBOK” book of project management
•Standardization
•Recognition
•Skill Development
•Networking
PMI Toronto Chapter
•2nd largest PMI Chapter Worldwide with 4,700 members
•Opportunities to volunteer at
https://www.pmitoronto.ca/volunteer-at-pmi-toronto
32