Project Management (Project Life circle (Initiation (Primary output:…
Project Life circle
Monitoring and Controling
Output: change requests and corrective actions
Project Planning Docs
Signed off doc and lessons learned.
Primary output: Project Charter
acknowledge that the project should begin
Needs or Demands -> Project Initiation -> Project Charter
Needs or Demands: Business need or strategic opportunity, Market demand, customer request, legal requirement, technological advance, Social need, Ecological impacts
No. of communication = n(n-1)/2
Time Management, keep calendar up to date, maintain a task list, set priorities, manage every infor one time
Project tools: notebook/ electronic files, templates, checklists
General management skills
People management skills
is the official, written acknowledgment that a project exists
Charter gives the project manager the authority to proceed with the project and commit resources
Appoint PM, ensure people understand purpose of project, inform the project
contains: Project overview, project objectives, high-level requirements, business , resource and cost estimate, roles and responsibilities, stakeholders, risks, contraints, assumtions, sign off, attachments,
Project organisation structures
organized by projects
combination of Functional and Projectized
Hierarchical in nature. clear chain of command
Project Selection methods
Internal rate of return (IRR)
Scoring models, questionnaires
Weighted Scoring Model
Weights assigned to rating criteria
Each rating criteria assigned points
Total score calculated by multiplying weight times points
A preliminary study that examines the needs or demands of the project, the profitability, soundness, or marketability of the project's product or service, and discuesses alternative solutions
Risks and impacts
Must do and sacred cow project
Combine scoring models with financial methods
are people or orgs who have a vested interest in your project they have sth to gain or lose as a result of the project
Project manager, Project sponsor, Funtional managers, customer, project team, suppliers
Project sponsor: executive who initiates and oversees the project, serves as an advisor to the project manager, can resolve issues and make decisions. Issues the project charter. Serves on project oversights or steering committee. Has the authority to assign resources and budget.
Project manager: manage, create project plans, creates various management plans related to the project, measures project performnace, takes corrective action, controls project outcomes, manages project team and reports status.
Functional managers: responsible for completing project activities and producing deliverables. May serve on project oversight or streeting committee to help oversee management of the project.
Customer: Provides project requirements. Approves project deliverables and verifies that they meet requirements. Serves on project oversight or steering committee.
Project team: Responsible for completing the activities of the project.
Suppliers: provide goods or services to assist project team in completing project.