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    Opmn03b M1

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    Francis Ryan Porquez
    The document defines a project as a temporary endeavor undertaken to create a unique product, service, or result. It identifies the three goals of a project as scope, cost, and time. Scope refers to the tasks required to fulfill the project's goals. Cost represents the financial constraints of the project or its budget. Time is the schedule for when the project must be completed. The document provides learning outcomes and discusses trends, differences between project and general management, project life cycles, and methods for selecting projects.

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    Download as DOCX, PDF, TXT or read online from Scribd

    Opmn03b M1

    Uploaded by

    Francis Ryan Porquez
    12 views3 pages
    The document defines a project as a temporary endeavor undertaken to create a unique product, service, or result. It identifies the three goals of a project as scope, cost, and time. Scope refers to the tasks required to fulfill the project's goals. Cost represents the financial constraints of the project or its budget. Time is the schedule for when the project must be completed. The document provides learning outcomes and discusses trends, differences between project and general management, project life cycles, and methods for selecting projects.

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    OPMN03B-M1

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    The document defines a project as a temporary endeavor undertaken to create a unique product, service, or result. It identifies the three goals of a project as scope, cost, and time. Scope refers to the tasks required to fulfill the project's goals. Cost represents the financial constraints of the project or its budget. Time is the schedule for when the project must be completed. The document provides learning outcomes and discusses trends, differences between project and general management, project life cycles, and methods for selecting projects.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    12 views3 pages

    Opmn03b M1

    Uploaded by

    Francis Ryan Porquez
    The document defines a project as a temporary endeavor undertaken to create a unique product, service, or result. It identifies the three goals of a project as scope, cost, and time. Scope refers to the tasks required to fulfill the project's goals. Cost represents the financial constraints of the project or its budget. Time is the schedule for when the project must be completed. The document provides learning outcomes and discusses trends, differences between project and general management, project life cycles, and methods for selecting projects.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Lyceum of the Philippines University Cavite

    MODULE 1
    Project Management

    SESSION TOPIC 1: The World of Project Management

    LEARNING OUTCOMES:
    The following specific learning objectives are expected to be realized at the end of the session:
    1. Define what project is.
    2. Identify the three goals of a project.

    KEY POINTS

    Project Scope Cost Time

    CORE CONTENT
    What is a Project?
    The Project Management Institute (PMI) defines in its Project Management Body of Knowledge (PMBOK Guide), 5th
    edition, a project as “A temporary endeavor undertaken to create a unique product, service, or result” (Project
    Management Institute, 2013).

    Trends in Project Management


     Achieving Strategic Goals
     Improving Project Effectiveness
     Virtual Projects
     Quasi-Projects

    Project Management vs. General Management

    OPMN03B Project Management


    For use as instructional materials only 1
    Lyceum of the Philippines University Cavite
    What is Managed? The Three Goals of a Project

    The Life Cycles of Projects

    Selecting Projects to Meet Organizational Objectives


    Project selection is the process of evaluating individual projects or groups of projects and then choosing to implement a
    set of them so that the objectives of the parent organization are achieved.
     Nonnumeric Selection Methods
    o The Sacred Cow
    o The Operating/Competitive Necessity
    o Comparative Benefits
     Numeric Selection Methods
    o Financial Assessment Methods
    OPMN03B Project Management
    For use as instructional materials only 2
    o Scoring Methods

    Lyceum of the Philippines University Cavite

    IN-TEXT ACTIVITY

    Project
    A temporary endeavor undertaken to create a unique product, service, or result

    Scope
    The tasks required to fulfill the project’s goals.

    Cost
    The financial constraints of a project, also known as the project budget.

    Time
    The schedule for the project to reach completion.

    SESSION SUMMARY
    A project, then, is a temporary endeavor undertaken to create a unique product or service. It is specific, timely, usually
    multidisciplinary, and typically conflict ridden. Projects are parts of overall programs and may be broken down into tasks,
    subtasks, and further if desired. Current trends in project management include achieving strategic goals, achieving routine
    goals, improving project effectiveness, virtual projects, and quasi-projects.

    REFERENCES
    Refer to the references listed in the syllabus of the subject.

    OPMN03B Project Management


    For use as instructional materials only 3

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