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Module 1 - Main

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19 views

Module 1 - Main

Uploaded by

laxzelforce69
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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IT PROJECT MANAGEMENT

MODULE 1
Introduction and Foundation
Elements of Project
Management
• To define what a project is and understand the
importance of Project Management.

• To describe the relationship between projects,


programs, portfolio and operations management.
• Project Management is not new. It is use for hundred
of years. Example of project outcomes include:
• Pyramid of Giza
• Olympic games
• Great Wall of China
• Taj Mahal
• Publication of a child’s book
• Polio vaccine
• Commercial software application
• Human beings landed on the moon
• Panama Canal
• Development of commercial jet airplane
• Portable device to use the Global Positioning System (GPS)
• Placement of the international space station into earth’s orbit

The outcome of these projects were the results


of leaders and managers applying project
management practice, principles, processes,
tools and techniques to their works.
• A Standard is a document established by an authority,
custom, or general consent as a model or example.

• The Standard for Project Management is a


foundational reference for project management
professional development programs and the practice
of project management.
• Includes both aspirational standards and
mandatory standards.
• The four important values in PM community:
• Responsibility
• Respect
• Fairness
• honesty
• Project drive change – moving from one state to
another state.
• Project enable business value creation - as the
net quantifiable benefits derived from business
endeavor.
• Project Initiation Context – initiate projects in
response to factors acting upon the organization.
Organizational State Transition Project Initiation Context
via a Project
• Effective project management helps individuals, groups, and private
organization to:
• Meet business objectives
• Satisfy stakeholder expectations
• Be more predictable
• Increase chances of success
• Deliver the right products at the right time
• Resolve problems and issues
• Respond to risks in a timely manner
• Optimize the use of organizational resources
• Identify, recover or terminate failing projects
• Manage constraints (scope, quality, schedule, costs, resources)
• Balance the influence od constraints on the projects
• Manage change in a better manner
• Poorly managed projects or the absence of project
management may result in:
• Missed deadlines
• Cost overruns
• Poor quality
• Rework
• Uncontrolled expansion of the project
• Loss of reputation for the organization
• Unsatisfied stakeholders
• Failure in achieving the objectives for which the project was undertaken
• Effective and efficient project management should be
considered a strategic competency within
organizations. It enables to:
• Tie project results to business goals
• Compete more effectively in their markets
• Sustain the organization, and
• Respond to the impact of business environment changes on projects by
appropriately adjusting project management plans
• A project may be managed in three
separate scenarios:
• As a stand alone project
• Within a program
• Within a portfolio
• Is defined as a group of related projects,
subsidiary programs, program activities
managed in coordinated manner to
obtain benefits.
• Programs are not large project. Large
project is referred to as a Megaproject.
• Effectively manage multiple programs and
projects that are underway at any given
time.
• Defined as projects, programs, subsidiary
portfolios and operations manage as a
group to achieve strategic objectives.
Portfolio, Programs,
Projects, and
Operations
• Defined as the centralized management of one or
more portfolios to achieve strategic objectives.
The programs or projects of the portfolio may not
necessarily be interdependent or directly related.

• It also confirms that the portfolio is consistent with


and aligned with organizational strategies.
• An area that is outside the scope of formal
project management.
• It is concerned with the ongoing production of goods
and/or services
• It ensures that the business operations continue efficiently
by using the optimal resources needed to meet customer
demands.
• It is concern with managing that transform input to output.
• Its purpose is to ensure that the organization
undertakes the right projects and allocates critical
resources appropriately.

• It helps to ensure that all level in the organization


understand the strategic vision, the initiatives that
support the vision, the objectives and the
deliverables.
Organizational
Project Management
• Project Management Institute. (2017). A Guide to the Project
Management Body of Knowledge (PMBOK® Guide).
• Harold Kerzner. (2017). Project Management Metrics, KPIs, and
Dashboards: A Guide to Measuring and Monitoring Project
Performance 3rd Edition.
• Thomas Keane. (2017). Project Management: Proven Principles in
Agile Project Management for Successful Managers and Businesses
(Project Management 101).
• Badiru, A.B, Rusnock, C. F, Valencia, E.V. (2016). Project
Management for Research: A Guide for Graduate Students.

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