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CHAPTER 1: INTRODUCTION TO PROJECT MANAGEMENT, Copyright Fieyy - Coggle…
CHAPTER 1: INTRODUCTION TO PROJECT MANAGEMENT
Advantages of Using Formal Project Management
Higher quality and increased reliability
Higher profit margins
Lower costs and improved productivity
Better internal coordination
Shorter development times
Positive impact on meeting strategic goals
Improved customer relations
Higher worker morals
Better control of financial, physical and human resource
What is a Project?
Operations is work done to sustain the business
Projects end
when their
objectives have been reached
or the project has been terminated
A project is
a temporary endeavour which has definite beginning and end. That is carefully plan by dividing into several phases to give out a unique output
Example of IT Projects
A company develops a driverless car
A government group develops a system to track child immunizations
A team of students creates a smartphone application and sells it online
A global bank acquires other financial institutions and needs to consolidate systems and procedures
Project Attributes
A project
is developed using progressive elaboration
requires resources, often from various areas
drives change and enable value creation
should have a primary customer or sponsor
is temporary
involves uncertainty
has a unique purpose
Project managers
work
with
project sponsors, team and other people involved
in a project
to achieve project goals
Project Constraints
A
successful project management
means
meeting
all the
three goals (scope, time and cost)
and satisfying the project's sponsor
What is Project Management
Project management is the
application of knowledge, skills, tools and technique to project activities to meet project requirements
10 Knowledge areas
Risk Managament
Cost Management
Schedule Management
Procurement Management
Communication Management
Quality Management
Scope Management
Stakeholder Management
Resource Management
Project Integration Management
Project Stakeholders
Stakeholders are the
people involved in or affected by project activities
Stakeholder include
the project team
support staff
the project manager
suppliers
opponents to the project
banks and other financial institutions
the project sponsor
Project Management Knowledge Areas
Project managers
must have knowledge and skills in all 10 knowledge areas
Knowledge areas describe the
key competencies that project managers must develop
Project Management Tools and Techniques
PMBOK® Guide – Sixth Edition lists tools and techniques based on their purpose:
Decision making
Communication
Data representation
Interpersonal and team skills
Data analysis
Ungrouped
Data gathering
Project Succss
The project satisfied the customer/sponsor
he results of the project met its main objective
The project met scope, time, and cost goals
Program
Examples of common programs in the
IT field include infrastructure, applications development, and user support
A program manager
provides leadership and direction
for the project managers heading the projects within the program
A program is
a group of related projects managed in a coordinated manner to obtain benefits and control not available from managing them individually
Project Portfolio Management
As part of
project portfolio management
, organizations group and manage projects and programs as a portfolio of investments that contribute to the entire enterprise’s success
Portfolio managers
help their organizations make wise investment decisions by helping to select and analyze projects from a strategic perspective
The Role of the Project Manager
Project managers must
work closely
with the other stakeholders on a project, especially the sponsor and project team
They are also
more effective
if they are familiar with the 10 project management knowledge areas
Project Manager Job Description
Job descriptions vary, but most include
responsibilities
like planning, scheduling, coordinating, and working with people to achieve project goals
Project management is a
skill needed
in every major IT field, from database administrator to network specialist to technical writer
Suggested Skills for Project Managers
Project environment knowledge
General management knowledge and skills
Application area knowledge, standards, and regulations
The Project Management Body of Knowledge
Soft skills or human relations skills
How projects different from operations
Project give out
unique output
while operations give out
repetitive output
Project is closed after
attaining objective
while operations is to
sustain business
Project is
temporary
while operations is
on-going
Phases of Project Management
Executing
Monitoring and control process
Planning
Closing
Initiating
Why projects fail?
Failure in Cost Management
Failure in Scope Management
Failure in Time Mangement
Failure in Quality Management
Skills of Project Manager
Information Technology
Accounting
Communication
Purchasing
Leadership
Problem Solving
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