By Fatskills Exam Guides Team — the exam nerds behind 28,500+ quizzes and 2.1M practice questions across 500+ global exams.
What is a project? a project is a complex, non-routine, one-time effort limited by time, budget, resources, and performance specifications designed to meet customer needs
project management is a ... system that describes the work before the event happens, the event itself and the shutdown of the event
project management is called the 'overlay' because ... it integrates all the tasks of management so they work towards the event objectives
phases of the project management of events include (5 things) Initiation Planning Implementation Event Shutdown
inflation -feasibility study
planning -project management's role is to integrate the plans of the knowledge management areas
implementation -application of all the plans -monitoring and controlling -making decisions -reporting to stakeholders on work in progress -active risk management
the event -management cannot rely on the same management techniques used during the lead-up to to the event
shutdown -event manager responsible -on-site shutdown and management closure
knowledge areas scope, marketing, finance, time management, design, risk management, procurement, HR, stakeholder management, communication
role of the project manager: The collection of skills and knowledge that allows the integration of various contractors to deliver the project
key competencies of a project manager in events A move towards a competency approach to training and employment
project management techniques project definition -> scope of work -> work break down structure -> task analysis -> schedule -> gantt -> responsibility -> activity sheets or work packages
defining the project and scope of work initiation stage
creating a work breakdown structure categorizing the work scope into task groups and headings or management units
project management techniques: work breakdown structure legal political, economic and cultural environment -> clients brief for the event -> work breakdown structure -> (all come out of this) 1. risk -> risk management plan 2. finance -> financial plan budget 3. resources -> resource analysis, contract management 4. time -> schedules 5. checklists 6. HR -> task responsibility
analyzing the resources: -outsourced to suppliers -sourced from the client or sponsor -specially created for the event
identifying tasks and responsibilities scheduling: -gantt chart -network analysis: critical path
responsibilities- from documents to deliverables -communicating to the management team and stakeholders when tasks are completed
payback period and ROI -payback period is the length of time needed to pay all the costs of the event -after the payback period, the consequences of the event produce a surplus
monitoring the project: -establishing standards of performance -identifying deviations from standards of performance -correcting deviations -reports and meetings
delegation and self-control -sub committees
quality -gaining and responding to customer feedback -event personnel delivering quality service
work in progress report -a snapshot of the project's progress including a risk register -earned value
project evaluation -comparing task descriptions and planned timelines with actual performance -assessing the flexibility of the system -evaluating the timelines of reports -assessing the effectiveness of management decisions -comparing planned milestones with the reality
Join 4M+ learners. Unlock unlimited quizzes, wrong-answer tracking, flashcards + reminders, study guides, and 1-on-1 challenges.