Please enable JavaScript.
Coggle requires JavaScript to display documents.
Project Management (Project Life circle (Initiation (Primary output:…
Project Management
Project Life circle
Execution
Status Reports
Monitoring and Controling
Output: change requests and corrective actions
Planning
Project Planning Docs
Close out
Signed off doc and lessons learned.
Initiation
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
Project Manager
Communication skills
No. of communication = n(n-1)/2
Organizing techniques
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
Negotiating Skills
People management skills
Project charter
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
Projectized
organized by projects
Matrix
combination of Functional and Projectized
Functional
Hierarchical in nature. clear chain of command
Project Selection methods
Financial Methods
Payback period
Cash-Flow techniques
Cost-benefit analysis
Internal rate of return (IRR)
ROI
Non-financial methods
Scoring models, questionnaires
Weighted Scoring Model
Weights assigned to rating criteria
Each rating criteria assigned points
Total score calculated by multiplying weight times points
Feasibility Studies
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
Strategic plans
Risks and impacts
Constraints
Competition
Image
Must do and sacred cow project
Combine scoring models with financial methods
Stakeholders
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.