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Guanghua School of Management, Peking University Postulate 3 ? Each individual is a maximizer: ? He or she acts so as to enjoy the highest level of value possible. Individuals are always constrained in satisfying their wantswealth, time, physical laws of nature, limits of their own knowledge about various goods and opportunities, etc can be the constrainsopportunity setbe given and external. ,2023 Wanjun Jiang, Guanghua School of Management, Peking University Postulate 4 ? The individual is resourceful: ? Individuals are creative. They are able to conceive of change in their environment, foresee the consequences thereof, and respond by creating new opportunitiesthe limitation is is not immutable. Human beings are not only capable of learning new opportunity, they also engage in resourceful, creative activities that expand their opportunities in various ways. ,2023 Wanjun Jiang, Guanghua School of Management, Peking University ? REMMs at work: ? Think about the effects of newly imposed constrains to human behavior. REMMs’ response to a new constrains is to begin searching for substitutes for what is now constrained, a search that is not restricted to existing alternatives. They will invent alternatives that did not previously exist. Examples…... ,2023 Wanjun Jiang, Guanghua School of Management, Peking University ? REMM means there are no “needs”individual is always willing to make tradeoffs, willing to substitutewilling to give up a sufficient small amount of any good for sufficient large amount of other goods(in his or her own sense). ? There are no need, there only wants, desires. demands. If something is more costly, less will be demanded, than if it were cheaper. Cost/benefit analysis. ,2023 Wanjun Jiang, Guanghua School of Management, Peking University ? Keep in mind: ? Almost all the people in the world act as REMMs, REMMs are everywhere GAME between different partiesTry to understand what do your counterparty really want. ,2023 Wanjun Jiang, Guanghua School of Management, Peking University II. Project Manager’s Role ,2023 Wanjun Jiang, Guanghua School of Management, Peking University Objectives ? IDENTIFY: ? What a project manager is ? Why a project manager is needed ? How to perform the role of a project manager ? When a project manager will play a key role in the project ,2023 Wanjun Jiang, Guanghua School of Management, Peking University Project managerDefinition ? A project manager is an individual responsible for: ? Planning and anizing ? Controlling and directing the daytoday activities of a project(s) ? Delivering the project objectives to Sponsor and Steering Committee ,2023 Wanjun Jiang, Guanghua School of Management, Peking University A. Planning and Organizing ? 1 Planning ? 1)The technical activities of the project that will produce the project’s objectives:(1) team members’ activities。(3)cost of deliverables from suppliers。 (4)financial documentation: invoices to clients。 The document usually contains the projected costs(to develop and run), and the business benefit that the sponsor is delivering to the sponsoring . ,2023 Wanjun Jiang, Guanghua School of Management, Peking University Summary ? A project manager is a full time job ? The job has many responsibilities:…... ? With the many responsibilities also es many rewards ? The role of project manager is the key to the success of a project ? Most projects fail not because of technical reasons but because of a lack of project management ,2023 Wanjun Jiang, Guanghua School of Management, Peking University ? ,2023 Wanjun Jiang, Guanghua School of Management, Peking University III. Roles of the Project Team ,2023 Wanjun Jiang, Guanghua School of Management, Peking University Objectives ? Describe the project anization ? Identify project team members and their responsibilities ? Identify project management responsibilities ,2023 Wanjun Jiang, Guanghua School of Management, Peking University ,2023 Wanjun Jiang, Guanghua School of Management, Peking University Information Services (IS)Management ? Oversee the progress of the project ? Schedule ? Cost ? User satisfaction ? Project management support groups ,2023 Wanjun Jiang, Guanghua School of Management, Peking University IS ManagementSupport Groups ? Project Assurance ? Legal ? User anizations ? Technical ? Product Safety ? Other internal anizations ? Other external anizations ,2023 Wanjun Jiang, Guanghua School of Management, Peking University User Project Manager ? Provides information,data,decisions and approvals to the project team ? Monitors and reports on progress to upper user management ? Helps resolve project issues ? Participates in project team ? Monitors and reports on progress to upper user management ? Helps resolve project issues ? Participates in project status meetings ? With the Project Manager,administers the project change control procedure ? Helps resolves deviations from project plans ,2023 Wanjun Jiang, Guanghua School of Management, Peking University Project Manager ? Overall project responsibility ? Establishes project work plans,estimates and schedules ? Establishes project staffing requirements ? Establishes project training requirements ? Conducts project planning and project status meetings ? Tracks and reports project progress,including schedules and work products ? Takes corrective action when needed ,2023 Wanjun Jiang, Guanghua School of Management, Peking University Project Manag