PMGT401-01 Introduction To Project Management PDF
PMGT401-01 Introduction To Project Management PDF
PMGT401-01 Introduction To Project Management PDF
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Understand the key terms and the basic structure of project management. The tropics that will be covered are:
Definition of a project and its attributes/characteristics and key constraints within which a project must be managed
How a project is born and main ingredients for project success Discuss the relationship between project, program, and portfolio management and the contributions they each make to enterprise success Understand the role of the project manager, what skills they need, and what the career field is like. Describe the project management profession, the role of professional organizations like the Project Management Institute, the importance of certification and ethics
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Reading Material
Text Book:
Chapter 1: Introduction to Project Management
References:
PMBOK: Section 1.2 What is a Project Section 1.5 Related Endeavors
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This slide is important. The contents of this slide will be parts of tests/exams
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Worldwide IT spending totaled more than $1.8 trillion in 2005, a 6 percent increase from 2004, and spending is projected to grow 8 percent in 2006 and 4 percent in 2007
Famous business authors and consultants are stressing the importance of project management. As Tom Peters writes in his book, Reinventing Work: the Project 50, To win today you must master the art of the project!
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Completing the full project scope in a quality manner, on time, and within budget provides a great feeling of satisfaction. It could lead to additional business.
Successful projects can expand your career opportunities. You feel the satisfaction of being on a winning team. Through the project you expand your knowledge, enhance your skills, and prepare for more complicated projects. When projects are successful, everybody wins!
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The PMI boasts a worldwide membership of more than 220,000, with members from 150 different countries.
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In order to earn PMP certification, applicants must agree to PMIs Code of Ethics and Professional Conduct
Several questions on the PMP exam are related to professional responsibility, including ethics
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Hosting a holiday party Designing and producing a brochure Executing an environmental clean-up of a contaminated site Holding a high school reunion Performing a series of surgeries on an accident victim
What are some of the project attributes?
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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What is a project?
A project is a temporary endeavor undertaken to create unique product or service
Attributes of projects:
Temporary: Projects have a definite beginning and end, not an on-going effort. Projects end when the project objectives have been attained or when it becomes clear that the project objectives will not or cannot be met, or the need for the project no longer exists and the project is terminated. Unique: Projects involve doing something that has not been done before and which is, therefore, unique. i.e., they are different in some distinguishing way from all other projects. Because they are temporary and unique, their characteristics are progressively elaborated. Progressively Elaborated: Progressively means proceeding in steps; continuing steadily by increments. Elaborated means worked out with care and detail; developed thoroughly.
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Has customers/sponsors/stakeholders
Persons whose interests may be positively or negatively impacted by the project
Involves uncertainty
Because each project is unique, it is sometimes difficult to define clearly the project objectives, estimate, time, quality, etc.
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Schedule
The successful accomplishment of the project objective is usually constrained by three factors: scope, cost, and schedule. A fourth factor is the customer satisfaction Scope is all the work that must be done to satisfy the customer that the deliverables (the tangible product or items to be provided) meet the requirements or acceptance criteria agreed upon at the onset of the project.
Schedule specifies when each activity should start and finish. The project objective usually states the time by which the project scope must be completed in terms of a specific date agreed upon by the customer and the project. Customer satisfaction is based on a set of criteria agreed upon with the customer. To help the achievement of this objective, it is important to develop the criteria before the start of the project execution, usually at the planning stage of the project lifecycle.
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Customer Satisfaction
Today, customers expect projects not only will be delivered:
On time, on budget, on schedule and with the agreed quality
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Prevent, anticipate, and/or overcome such circumstances in order to complete the project scope on schedule, on budget, and to the customers satisfaction.
Good planning and communication are essential to prevent problems from occurring and to minimize their impact.
Ultimately, the responsibility of the project manager is to make sure the customer is satisfied. This goes beyond just completing the project scope within budget and on schedule. It requires ongoing communication with the customer. Before taking any action: Analyze and understand the unforeseen event and determine its impact on the project. Use the agreed change control process to obtain approval prior to implementing any changes.
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Customer request
Technological advance Legal requirement
Social need
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External Analysis
Gathering of Information
Internal Analysis
Organizational Strengths & Weaknesses
Evaluation of Information
Strategy Evaluation
Strategy Selection
Strategy Implementation
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Preliminary Evaluation
Feasibility Study
Preliminary Evaluation
PPMP
Cost/Benefit Analysis
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Program Structure
The hierarchy structure consists of Strategic Plan, Portfolio, Program, Project and Subproject Several projects within a specific portfolio can be grouped together to form a program A program is a group of projects managed in a coordinated way, to obtain benefits not available from managing them individually
Project R
Program
Project B M E Operations Project A
Operations are ongoing and repetitive. They involve work that is continuous without an ending date, and often repeat the same processes and produce the same results. The purpose of operations is to keep the organization functioning, while the purpose of a project is to meet its goals and to conclude. Ongoing operations must not be included as part of the project.
Ongoing operations MUST NOT be included as part of the project.
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Program Example
Building a new shopping mall
Many projects exist underneath this program, such as excavation, construction, interior design, store placement, marketing, facilities management, and so on. Each of the projects has its own project manager, who reports to a project manager with responsibility over several of the areas, who in turn reports to the head project manager over the entire program. All the projects are related and are managed together so that collective benefits are realized and controls are implemented and managed in a coordinated fashion. Sometimes programs involve aspects of ongoing operations as well. After the shopping mall in our example is built, the management of the facility becomes the ongoing operations part of this program. The management of this collection of projects is called program management. Program management involves centrally managing and coordinating groups of related projects to meet the objectives of the program.
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Portfolio Example
Lets say our company is in the construction business. Our organization has several business units:
retail, single-family residential, and multifamily residential.
All projects and programs associated with the retail business unit belong to the retail portfolio.
The program with the building of the new mall (see program example) is one of the programs that belongs to the retail portfolio.
Other programs and projects could be within this portfolio as well. For example, implementing a waste management system for the retail facilities.
The objective of any program or project in the retail portfolio is to meet the strategic objectives of the portfolio, which in turn should meet the objectives of the department and ultimately the corporation.
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Project managers strive to meet the triple constraint by balancing project scope, time, and cost goals
PMGT- 401: Project Management Fundamentals 01 Introduction to Project Management 2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Project Stakeholders
Stakeholders are the people involved in or affected by project activities Stakeholders include:
The project sponsor
The project manager The project team
Support staff
Customers Users
Suppliers
Opponents to the project
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Best Practices
A best practice is an optimal way recognized by industry to achieve a stated goal or objective-PMI Robert Butrick suggests that organizations need to follow basic principles of project management, including these two mentioned earlier in this chapter
Make sure your projects are driven by your strategy; be able to demonstrate how each project you undertake fits your business strategy, and screen out unwanted projects as soon as possible
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See the Project Management Center Web site or Top Ten Reviews for links to many companies that provide project management software
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Project Success
There are several ways to define project success
The project met scope, time, and cost goals
The project satisfied the customer/sponsor The results of the project met its main objective, such as making or saving a certain amount of money, providing a good return on investment, or simply making the sponsors happy
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10. Other criteria, such as small milestones, proper planning, competent staff, and ownership
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Management Competencies
Professional Project Management Competencies
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Organizational Structure
Understand and work within the corporate organization and team culture
2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Management Competencies
These are the soft-skills or people-oriented competencies that are required of any manager, but especially important for project managers in dealing with all project stakeholders
Communications
Communicate effectively using clear writing and verbal skills Communicate tactfully and candidly, avoid jargon Make stakeholders aware of all relevant issues
Be an excellent listener.
Identify, analyze, prioritize and develop mitigation plans for issues threatening the project. Comprehend how decisions affect the projects bottom line Grasp general financial and accounting principles and practices that affect operations Appreciate and recognize the links between operations and companys financial performance, which is essential to create value for all of the organizations stakeholders.
Issue Management
Financial Acumen
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Management Competencies
Leadership Motivate project team members Set SMART objectives Maintain a positive outlook Take responsibility Make decisions Provide constructive feedback Learning and Knowledge Management Keep abreast of technological change Learn from and reflect on past experience Ensure effective training and development of self and team members Find the most expedient way to develop new skills and knowledge required to undertake new projects Negotiations Undertake continual adjustments with stakeholders in a persuasive manner Keep the project on course by taking a integrative win/win orientation in negotiations
2009 Bob Xourafas, P.Eng, PMP, Proprietary
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Management Competencies
Organization
Arrange and organize assets so that needed tools, resources and data are easily accessible Create, organize and maintain an effective team structure Analyze and correctly define a problem Evaluate potential alternatives to solve the problem Select the optimum solution, Implement, monitor and control the selected solution. Consult and provide advice Facilitate discussions and resolve conflicts Develop positive relationships with key project stakeholders Recognize and impartially deal with people from other cultures Establish trust, credibility and earn respect Be willing and contented to give more than one will receive
Relationship Management
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Management Competencies
Strategic Thinking
Anticipate future impact of decisions by analyzing a big-picture view Strategically position the project within the business to align it to the enterprises short and long term objectives Assemble the project team with the right mix of skills, then promote and create teamwork Understand and know how to share information Coach and mentor members as required Delegate responsibility, promote support and positive interaction Effectively manage competing priorities Be resourceful Use time as a valuable resource
Team Building
Time Management
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Technical Competencies
These are competencies required for a project manager to be accountable for and lead the project to a successful completion by satisfying customer expectations, and the implementing organizations objectives
Budget Planning
Understand and know how to perform cost/benefit analyses Use sound rationale Ensure that all factors are included Maintain focus on budget Consults with client and management if estimated final costs are above budget Develop familiarity with and a thorough understanding of clients needs Be able to satisfy realistic expectations Interact and reach agreements with the client from the projects outset Understand and know how to use purchasing procedures and tools Draft contracts with clear and agreed upon term and conditions Administer contracts to achieve successful completion
Customer Focus
Contract/procurement Management
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Technical Competencies
Environmental, Health and Safety
Understand and know how to comply with regulations Implement a positive attitude toward health and safety in the design and execution of the project Ensure safe and environmentally friendly deliverables
Hand-over management
Understand and know how to co-ordinate, implement, test and deliver a project in order to produce an effective working system or product
Information Management
Ability to manage project documentation (technical and management) and data or information requirements
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Technical Competencies
Issues/Change/Assumptions Management
Devise and implement a change control process when needed Document and track issues Monitor assumptions and make decisions in a timely manner Understand and use problem-solving techniques Understand how to identify, assess, document and manage internal and external project risks Develop response plans, contingencies and mitigation measures Understand and know how to use standard project management tools and techniques to schedule, plan, track and correct project performance Know how to make effective use of technical and management methodologies
Risk Management
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Technical Competencies
Quality Management
Plan and implement steps to obtain and assure quality results or products for total customer satisfaction Be able to take corrective actions Effectively perform verification of project quality standards
Resource Management
Ability to identify and make optimal use of both human and non-human resources
Ability to organize the work in a logical way so that it is executed effectively Ability to manage the schedule
Schedule Management
Scope Definition
Ability to establish a clear scope and define the extend of the project
Set up and understand verification and approval procedures.
2009 Bob Xourafas, P.Eng, PMP, Proprietary
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