Project Management

Project management is simply a process for getting things done. Project management helps you define:

• What to plan out and prepare the budget

• How much is project budget approved by the project steering group

• What you need to do, plan it out, and get it done.

• The time frame, the quality, maintain the profit margin as outlined by project sponsor

Plan the project

This process area is about :

• clearly defining the objective of the project, taking control of project execution.

• clearly defining what you trying to do, what the goal is, and what the outcome and output should be.

• clearly defining the schedule, cost, risk plan, and budget.

• clearly defining the planned budget will achieve its objective,

Project Management consist of

• Five process area and eleven knowledge area

• Seven process group and eleven knowledge area

• Five process group and ten subject group

• Ten process group and ten subject group

A program is :

• A group of interdependent activities designed to

  achieve specific objective.

• A group no related projects

• A group of interdependent related projects.

• A group of independent related projects.

One of the first things you need to figure out :

• What the project’s objective, what is the budget allowed, what are the risk if the project not started

• The outcome, the problem is it trying to solve or opportunity is it trying to create, what are the boundaries. what the project is all about.

• What is the scope and timeline for the project

• Who is the project manager for the program.

To reduce the probability of project failure :

The watch for potential failure is continuous

activity that must the responsibility of :

• The Project Sponsor

• The Project Controller

• The Project Manager

• Everyone involved in the project.

Why Project Management

• To satisfy the authority requirements

• Meet project deliverables, schedules and budget

• Compliance to ISO 9001 requirements

• Meet organizations target profit margin

Which are the “Three Important Elements” of Project Management

• Deliverables, Time, Cost

• Schedule, Cost, Resources

• Schedule, Risk, Time

• Quality, Schedule, WBS

Benefits of Project Management

• Value Creation, Project Visibility, Velocity, Repeatability

• Control Cost and Schedule of Project

• Manage Project Management Team effectively

• Manage and control stakeholders effectively

Project Leader is normally appointed by :

• The Managing Director

• The Chief Executive Officer

• The Head Of Department

• The Project Sponsor