PROJECT MANAGEMENT

Project

Management

Overview

Word Cloud

WHAT DO YOU UNDERSTAND ABOUT PROJECT MANAGEMENT?

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Project Management

Chapter 2: Project Management Overview

Purpose of the chapter

• Define a project
• Define project success
• Project constraints
• Project management expertise
• The project environment
• Project management knowledge and skills

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Project Management

Chapter 2: Project Management Overview

Define a project

• Define a project:
• Unique product or service
• Time-limited
• Project ends when the objectives are achieved

or abandoned

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Project Management

Chapter 2: Project Management Overview

Introduction to Project Management

• Definition of project management
• Importance of project management in operations

management

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Project Management

Chapter 2: Project Management Overview

Characteristics of Projects

• Temporary endeavor
• Unique deliverables
• Defined start and end dates
• Cross-functional teams

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Project Management

Chapter 2: Project Management Overview

Unique

• How can you tell that an activity is unique?

• Completely new product or service

• Creation of new process

• Product or service new to this group of people

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Project Management

Chapter 2: Project Management Overview

Time-limited

• May have a start and end date
• May be measured as “will be complete when a

particular objective is achieved”

• If it simply continues forever or to an

unspecified end-date it is probably an ongoing
business activity

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Project Management

Chapter 2: Project Management Overview

Can tell when it is done

• Objective is achieved
• Time limit is reached
• Objective is abandoned

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Project Management

Chapter 2: Project Management Overview

Project Life Cycle

• Initiation
• Planning
• Execution
• Monitoring and Controlling
• Closure

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Project Management

Chapter 2: Project Management Overview

Project Initiation

• Identifying project stakeholders
• Defining project objectives
• Conducting feasibility studies

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Project Management

Chapter 2: Project Management Overview

Project Success

• Traditionally: on time, within budget and

delivers the promised scope

• More effective measure: satisfied customer

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Project Management

Chapter 2: Project Management Overview

Project Planning

• Work breakdown structure (WBS)
• Gantt charts
• Critical Path Method (CPM)
• Resource allocation
• Fishbone Analysis
• PMI

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Project Management

Chapter 2: Project Management Overview

Scope Management

• Defining project scope
• Scope creep
• Change control process

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Project Management

Chapter 2: Project Management Overview

Time Management

• Estimating activity durations
• Sequencing activities
• Schedule compression techniques

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Project Management

Chapter 2: Project Management Overview

Cost Management

• Cost estimation
• Budgeting
• Earned Value Management (EVM)

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Project Management

Chapter 2: Project Management Overview

Quality Management

(discussed in the chapter on Quality)

• Establishing quality standards
• Quality assurance
• Quality control

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Project Management

Chapter 2: Project Management Overview

Risk Management

• Identifying risks
• Risk assessment
• Risk response planning

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Project Management

Chapter 2: Project Management Overview

Communication Management

• Stakeholder communication plan
• Project status reports
• Conflict resolution

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Project Management

Chapter 2: Project Management Overview

Human Resource Management

• Team development
• Motivation techniques
• Leadership styles

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Project Management

Chapter 2: Project Management Overview

Procurement Management

• Make-or-buy decisions
• Contract types
• Vendor selection criteria

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Project Management

Chapter 2: Project Management Overview

Integration Management

• Project integration plan
• Change management
• Project closure activities

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Project Management

Chapter 2: Project Management Overview

Agile Project Management

• Agile principles and values
• Scrum framework
• Kanban methodology

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Project Management

Chapter 2: Project Management Overview

Project Management Software

• Overview of popular tools (e.g., Microsoft Project,

Trello, Asana)

• Benefits of using project management software

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Project Management

Chapter 2: Project Management Overview

Project Management in Practice

• Case studies highlighting successful projects
• Lessons learned from failed projects

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Project Management

Chapter 2: Project Management Overview

Project Management Ethics

• Ethical considerations in project management
• Professional responsibility

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Project Management

Chapter 2: Project Management Overview

Future Trends in Project

Management

• Artificial Intelligence and automation
• Virtual teams
• Agile adoption across industries

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Project Management

Chapter 2: Project Management Overview

Future Trends in Project

Management

• Artificial Intelligence and automation
• Virtual teams
• Agile adoption across industries

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Project Management

Chapter 2: Project Management Overview

Conclusion

• Recap of key concepts
• Importance of effective project management for

organizational success

• Q&A session

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Project Management

Chapter 2: Project Management Overview

PROJECT MANAGEMENT

• TUTORIAL

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Project Management

Chapter 2: Project Management Overview

TUTORIAL : Group work

• In small groups, try to identify the LARGEST

project each of you have been involved with.

• You do not have to have been the project

manager—if not, what was your role? (team
member, volunteer, purchaser, ??)

• With the group, make it clear how the project

you have identified meets the criteria:

• Unique

• Temporary

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Project Management

Chapter 2: Project Management Overview

Tutorial

•identify well-known projects that were considered failures and discuss
reasons why the failures might have occurred. Examples could include
certain military campaigns, engineering failures, new product introductions,
etc. READING ACTIVITY. SUMMARISE MAIN POINTS

•https://sloanreview.mit.edu/article/what-great-projects-have-in-common/

•TASK FOR STUDENTS: Describe YOUR OWN own experiences in
managing projects. What was the scope? What problems were encountered?
What type of management policies and techniques were used? Were any
incentives offered to team members to complete their tasks effectively?
Were there incentives attached to the project as a whole?

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Project Management

Chapter 2: Project Management Overview

Project constraints

• Cost
• Scope
• Quality
• Risk
• Resources
• Time

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Project Management

Chapter 2: Project Management Overview

Triple constraint

• All the constraints can be grouped into these three:

The triad constraints by John M. Kennedy T. (http://commons.wikimedia.org/wiki/File:The_triad_constraints.jpg) used under CC-BY-SA license

(https://creativecommons.org/licenses/by-sa/3.0/)

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Project Management

Chapter 2: Project Management Overview

Project Management Expertise

• Application knowledge

• Industry group

• Technical specialty

• Managerial area

• Understanding the project environment

• Cultural, social, political, international, physical

• Management knowledge and skills
• Interpersonal skills

• Communication, influence, leadership, motivation,

negotiation and problem solving

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Project Management

Chapter 2: Project Management Overview

Project Management Standards

• Standards organizations
• PMI

• Project Management Institute: http://www.pmi.org/

• CAPM, PMP and other professional standards

• IPMA

• International Project Management Association:

http://ipma.ch/

• Several certifications

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Project Management

Chapter 2: Project Management Overview

Summary

• Project definition: unique, time-limited, can tell

when it is over

• Project success: satisfied client
• Project constraints: time, scope, cost
• Project management expertise
• The project environment
• Project management knowledge and skills

Questions?