ISP550 Topic 4 Project Management I
ISP550 Topic 4 Project Management I
Topic 4 :
Project Management
user
the person or group
of people who will
use the new system
Various Titles/Roles of Project Managers
Project Management Tasks
o Beginning of project
• Overall project planning
o During project
• Project execution management
• Project control management
• Project closeout
5 Phases
Project Planning Phase Activities
1. Defining the Problem
1. Risk management
2. Organizational and cultural feasibility
3. Technological feasibility
4. Schedule feasibility
5. Resource feasibility
6. Economic feasibility
Cost/benefit analysis
Sources of funds (cash flow, long-term capital)
Risk Management
• Risk - An uncertain event or condition that, if occurs, has
a positive or negative effect on one or more of the
project objectives such as scope, schedule, cost, and
quality.
Risk Analysis
Organizational and Cultural Feasibility
Schedule Feasibility
• Estimates needed without complete information
• Management deadlines may not be realistic
• Project managers
• Drive realistic assumptions and estimates
• Recommend completion date flexibility
• Assign interim milestones to periodically reassess completion dates
• Involve experienced personnel
• Manage proper allocation of resources
Resource Feasibility
o Team member availability
o Team skill levels
o Computers, equipment, and supplies
o Support staff time and availability
o Physical facilities
Economic Feasibility
o Cost/benefit analysis
• Estimate project development costs
• Estimate operational costs after project
• Estimate financial benefits based on annual savings and increased revenues
• Calculate using table of costs and benefits
o Uses net present value (NPV), payback period, return on investment (ROI)
techniques