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Module 1 - Project Management Introduction-v2

The document is an introduction to project management, emphasizing its critical role in modern business practices and the importance of effective communication for project success. It outlines the significance of project management, key statistics, and learning objectives, while also providing an overview of the evolution of project management methodologies. The course aims to equip participants with foundational knowledge, practical skills, and insights into current trends in project management.
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© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
7 views

Module 1 - Project Management Introduction-v2

The document is an introduction to project management, emphasizing its critical role in modern business practices and the importance of effective communication for project success. It outlines the significance of project management, key statistics, and learning objectives, while also providing an overview of the evolution of project management methodologies. The course aims to equip participants with foundational knowledge, practical skills, and insights into current trends in project management.
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Project Management Intro

A Journey into Effective Project Management

Guhan Thasapalan
EMC Management Center

MODULE 1 - PROJECT MANAGEMENT 1


Introduction
Navigating Success in Today's Business Environment

 Welcome to the Introduction to Project Management course.


 Today, we will explore the
 fundamental concepts of project management
 its importance in modern business practices.
 Let's begin by understanding why project management is a
"The ability to communicate
effectively is critical to project
critical skill in today's dynamic and competitive business management success. You can
have the best team, the most
environment. sophisticated tools, but without
effective communication, your
project will suffer."
- Ricardo Viana Vargas

MODULE 1 - PROJECT MANAGEMENT 2


Introduction
Navigating Success in Today's Business Environment

 Importance of Project Management:


 Project management is crucial for businesses to effectively plan, execute,
and deliver projects on time and within budget.
 According to a study by the Project Management Institute (PMI),
organizations that invest in proven project management practices waste 28
times less money because more of their strategic initiatives are completed
successfully.
"The ability to communicate
effectively is critical to project
management success. You can
have the best team, the most
sophisticated tools, but without
effective communication, your
project will suffer."
- Ricardo Viana Vargas

MODULE 1 - PROJECT MANAGEMENT 3


Introduction
Navigating Success in Today's Business Environment

 Statistics:
 97% of organizations believe project management is critical to business
performance and organizational success. (Source: Project Management
Institute)
 Only 40% of projects are successful in meeting scope, time, and budget
goals. (Source: Project Management Institute)
 Next Steps: "The ability to communicate
 Let's delve deeper into the world of project management and discover how effectively is critical to project
it can transform the way you approach and manage projects. management success. You can
have the best team, the most
sophisticated tools, but without
effective communication, your
project will suffer."
- Ricardo Viana Vargas

MODULE 1 - PROJECT MANAGEMENT 4


Trainer Introduction
Guhan Thasapalan
• QUALIFICATIONS & CERTIFICATIONS
• Six Sigma Black Belt, US Presidential Task Force
• Executive Certificate, People-CMM, Carnegie Mellon University, US
• Over 25 years industry • Executive Certificate, CMMi, Carnegie Mellon University, US
• B. Engineering (Hons) Computer Systems, AUS
experience in Tech, HR • APMG Stakeholder Engagement Certified
and Process • APMG Change Management Certified (Collaboration with Change
Management Inst.)
Improvement. • APMG Agile Project Management Certified

• Head of Project • APMG Agile Digital Services Certified


• APMG Praxis (Project and Programme Management) Certified
Management Office and • Axelos PRINCE2 Agile Certified Practitioner in Project Management
• Axelos PRINCE2 Certified Trainer and Practitioner in Project
have 15 years projects Management
• Certified Professional Scrum Master (PSM I)
and programmes
• Certified Professional Trainer (CPT), Malaysian Institute of
Management
• Certified Knowledge Manager (e-CKM), International KM Institute

MODULE 1 - PROJECT MANAGEMENT 5


House keeping & administration
Sign Attendance
Sheet

Switch / Silence
Mobile

Be Punctual

Ask Questions or
propose solutions

Say “We are


learning together”

MODULE 1 - PROJECT MANAGEMENT


6
Overview of Modules:

TODAY

Intro & People


Project and Benefits
• Modules covered Principles of
PM
it’s lifecycle
Management
& Stakeholder Management
over the 10 days
Issue &
Quality & Planning & Risk
Change
Management Products Management
control

Agile Project
Progress
Management
Day 10

MODULE 1 - PROJECT MANAGEMENT 7


Course Agenda
Introduction to Evolution and Project
Key Components
Project Trends in Project Management
and Practices
Management Management Methodologies
• Define project • Historical overview • Overview of • Understanding
management and of project different project objectives
its significance. management. methodologies and goals.
• Importance of • Emerging trends (e.g., Agile, • Managing project
project and technologies Waterfall). objectives
management in impacting project • Application and • Overview of project
modern business management. benefits of each lifecycles and
environments. methodology. knowledge
areas/practices and
tailoring of projects

MODULE 1 - PROJECT MANAGEMENT 8


Learning Objectives
 Understanding Project Management Fundamentals
 Importance: Establish foundational understanding of project management concepts, terminology, and methodologies
for effective project planning and execution.
 Achievement: Interactive sessions, case studies, and discussions to highlight key principles and best practices in
project management.
 Recognizing Project Management Trends and Evolution
 Importance: Gain insights into industry best practices and prepare for future challenges by understanding historical
evolution and current trends in project management.
 Achievement: Participants will explore key milestones and emerging trends in project management through real-life
case studies, group activities, and discussions.
 Applying Project Management Principles in Practice
 Importance: Enhance participants' ability to manage projects effectively in diverse environments by applying
theoretical knowledge to practical scenarios.
 Achievement: Participants will develop their skills in project planning, execution, and monitoring through hands-on
exercises and simulations that apply project management principles to real-world projects.

MODULE 1 - PROJECT MANAGEMENT 9


What is a project?

Projects Business as usual • The difference


between projects and
business as usual. List
characteristics that
differentiate the two

MODULE 1 - PROJECT MANAGEMENT 10


What is a project?

What is a project? – What is a project? –


PMBOK PRINCE2

A temporary A temporary
endeavour undertaken organization that is
to create a created for the
unique product, purpose of delivering
service or result one or more business
products according to
an agreed Business
Case.

MODULE 1 - PROJECT MANAGEMENT 11


What is project management
• Project management is the practice of initiating, planning,
executing, controlling, and closing the work of a team to
achieve specific goals and meet specific success criteria.
• It involves balancing competing demands such as scope,
time, cost, and quality, benefits and risk.
• Project managers oversee the project from start to finish,
ensuring it is completed on time and within budget.
• They manage resources, communicate with stakeholders,
and mitigate risks to ensure project success.

MODULE 1 - PROJECT MANAGEMENT 12


Project Objectives
• It involves balancing competing Benefits

demands such as
• Benefits, Cost, Quality, Risk, Scope, Timescales Cost
Timescales. (B C Q R S T)
• These are called project objectives. This
describes the parameters of the project Project
and
Objectives
• This is the agreed performance of the
project committed by the project team
• The project manager will document these Scope Quality
objectives on behalf of the sponsor
• The success of the project is measured
against meeting these objectives Risk

MODULE 1 - PROJECT MANAGEMENT 13


Project Objectives – Case Study
Class Exercise – 30 mins
• Read the project scenario and extract the
project objectives
Benefits

Project
Objectives
Timescales Cost

Benefits
Cost Project
Objectives
Quality
Risk
Scope Quality
Scope
Timescales
Risk

MODULE 1 - PROJECT MANAGEMENT 14


Project Management Case Studies
The Sydney Opera House Construction
• Timescale:
• Planned: 4 years
 Project Objective: Construct an iconic and
• Actual: 14 years (construction began in 1959 and was
functional performing arts venue. completed in 1973)
 Factors Contributing to Completion:
• Cost:
Innovative design, skilled workforce,
• Budgeted: AUS $7 million
effective project management, and • Actual: AUS $102 million
community support.
• Benefit:
 Lessons Learned: Importance of • Iconic cultural landmark that attracts tourists from around the
stakeholder engagement, the significance world, boosting the local economy and promoting cultural
of a clear project vision, and the value of exchange.
effective communication in large-scale • Quality Expectation:
projects. • Architectural excellence and innovative design that sets a new
standard for modern architecture.
• Risk:
• Design and engineering challenges leading to construction
delays and cost overruns, impacting the project's timeline and
budget.

MODULE 1 - PROJECT MANAGEMENT 15


Project Management Case Studies

 Timescale:
Unsuccessful Project: Denver International Airport  Planned: 5 years
Baggage System  Actual: Over 10 years (construction began in 1989, opened
in 1995)
 Project Objective: Implement an automated  Cost:
baggage handling system to improve efficiency.  Budgeted: $1.7 billion
 Factors Contributing to Failure: Technological
 Actual: Over $4.8 billion
complexity, inadequate testing, poor project
 Benefit:
management, and scope creep.
 Lessons Learned: Importance of thorough testing,  Increased capacity and efficiency, replacing the outdated
Stapleton International Airport, and positioning Denver as a
managing project scope effectively, and addressing major hub for air travel.
technical challenges early in the project lifecycle.
 Quality Expectation:
 State-of-the-art facilities and infrastructure to meet
modern aviation standards, providing a seamless travel
experience for passengers.
 Risk:
 Design flaws, construction issues, and baggage system
failures resulted in significant delays and cost overruns,
tarnishing the project's reputation and leading to
This Photo by Unknown Author is licensed under CC BY-SA operational challenges post-completion.
MODULE 1 - PROJECT MANAGEMENT 16
Evolution of Project Management
Informal Project Management – Pre 20th Century

 Construction of the Great Pyramid of Giza, where a project manager


oversaw the planning, organization, and execution of the project.
 Expertise in Design and Engineering:
 Skilled architect/engineer oversaw design.
 Created detailed plans ensuring structural integrity.
 Ensured design met Pharaoh's requirements.
 Authority in Decision Making:
 Had significant decision-making authority.
 Determined overall design, resource allocation.
 Managed labor, solved problems effectively.
 Leadership and Supervision:
 Led and supervised large workforce. This Photo by Unknown Author is licensed under CC BY-NC

 Required strong leadership skills.


 Ensured work was carried out to plan and standards.

MODULE 1 - PROJECT MANAGEMENT 17


Evolution of Project Management
Scientific Management – Early 20th Century

 Development of the Gantt Chart:


 In the 1910s, Henry Gantt developed the Gantt chart, a
visual tool for project scheduling.
 Revolutionized project management by providing a visual
representation of project tasks, their durations, and
dependencies.
This Photo by Unknown Author is licensed under CC BY-SA-NC
 Allowed project managers to easily track progress and
manage resources effectively.

MODULE 1 - PROJECT MANAGEMENT 18


Evolution of Project Management
Organizational Project Management - Mid-20th Century

The Manhattan Project:


 World War II project to develop the atomic bomb.
 Involved coordination of multiple organizations and disciplines.
 Led to the establishment of project management offices to
oversee multiple projects, emphasizing the need for structured
project management in complex endeavors.

This Photo by Unknown Author is licensed under


CC BY-SA

MODULE 1 - PROJECT MANAGEMENT 19


Evolution of Project Management
Systems Approach - 1960s - 1970s
 Development of PERT and CPM:
 Introduced in the mid-20th century.
 PERT focused on events and their relationships.
 CPM emphasized the critical path.
 Both methods provided systematic approaches to project
planning and scheduling, revolutionizing project
management practices.
 Benefits included improved project scheduling accuracy,
better resource allocation, and enhanced project control This Photo by Unknown Author is licensed under CC
BY-SA-NC
and management.

MODULE 1 - PROJECT MANAGEMENT 20


Evolution of Project Management
Integrated Project Management – 1980s – 1990s

 The creation of the Project Management Institute (PMI) and the


publication of the Project Management Body of Knowledge (PMBOK)
brought several benefits over the predecessor project management
evolution:
 Common Language and Framework: PMBOK established a common
language and framework for project management, ensuring that
professionals across different industries and countries could
communicate effectively and work towards common goals. This
standardized approach reduced confusion and improved collaboration
among project teams. This Photo by Unknown Author is
licensed under CC BY-SA

MODULE 1 - PROJECT MANAGEMENT 21


Evolution of Project Management
Agile Project Management: 1990s - Present

 The Agile Manifesto: Published in 2001, emphasized iterative and


collaborative approaches to project management, especially in
software development.
 Prioritized individuals and interactions over processes and tools.
 Focused on working software over comprehensive documentation.
 Emphasized customer collaboration over contract negotiation.
 Responding to change over following a plan.
 Benefits included increased flexibility, faster delivery of value to
customers, and improved customer satisfaction.

This Photo by Unknown Author is licensed under CC BY-SA

MODULE 1 - PROJECT MANAGEMENT 22


Evolution of Project Management
Digital Transformation: 21st Century

 Use of Digital Tools and Technologies:


 Involves project management software and
cloud-based collaboration platforms.
 Aims to streamline project management
processes and enhance communication.
 Benefits include improved efficiency, real-time
collaboration, and better access to project This Photo by Unknown Author is licensed under CC BY-SA

information, leading to enhanced decision-


making and overall project success.

MODULE 1 - PROJECT MANAGEMENT 23


Evolution of Project Management
Future Trends: Ongoing

 Use of AI, Machine Learning, and Predictive Analytics:


 Increasingly used in project management.
 Aims to improve decision-making and project outcomes.
 Benefits include enhanced data analysis, improved forecasting,
and proactive risk management, leading to more successful
project delivery and outcomes.
This Photo by Unknown Author is licensed under CC
BY

MODULE 1 - PROJECT MANAGEMENT 24


Evolution of Project Management
A. Integrated Project
CLASS EXERCISE – MATCHING QUESTIONS – 30 mins
1. Standardized PM methodologies, such as PMBOK.
Management
2. Iterative and incremental development.
3. Emphasis on organizational strategy alignment.
B. Agile Project
4. Focus on optimizing project management processes within an organization.
Management 5. Adoption of project management software and collaboration tools.
6. Use of predictive analytics to forecast project outcomes.
C. Digital Transformation 7. Emphasis on continuous improvement and learning from past projects.
8. Adoption of a holistic approach to managing projects.
D. Future Trends 9. Incorporation of modern technology and digital tools into project management practices.
10. Anticipation of future trends and proactive adaptation to changes in the project management
E. Informal Project landscape.
11. Focus on delivering value to stakeholders through early and continuous delivery of high-quality
Management products and services.
12. Use of a systems approach to manage projects as interrelated components of a larger system.
F. Scientific Management 13. Development of standardized project management practices and principles.
14. Emphasis on aligning project objectives with the organization's strategic goals.
G. Organizational Project 15. Incorporation of Agile principles and methodologies into project management practices.
Management 16. Adoption of project management offices (PMOs) to oversee and improve project management
practices within an organization.
25
Informal Project Scientific Organizational
Management Management Project
• emphasis on the • Henry Gantt's Management

Project Management
Evolution
individual's expertise and development of Gantt • establishment of project
authority to guide project charts for scheduling management offices to
oversee multiple projects

Agile Project Integrated Project Systems Approach


Management Management • PERT (Program Evaluation
• iterative and incremental • standardized PM and Review Technique)
development methodologies, such as and CPM (Critical Path
PMBOK Method)

Digital Future Trends


Transformation • Use of predictive analytics
• Adoption of project to forecast project
management software outcomes
and collaboration tools

MODULE 1 - PROJECT MANAGEMENT 26


Standards of Project Management
 PMP (Project Management Professional):
 Description: Widely recognized, demonstrates solid project management foundation.
 Pro: Globally recognized, enhances career prospects. Con: Costly, requires extensive experience.
 Ownership: Project Management Institute (PMI). Origins: Developed in the United States.
 Preferred Countries: Widely used in the United States and Canada.

 PRINCE2 (Projects IN Controlled Environments):


 Description: Focuses on structured project management, widely recognized internationally.
 Pro: Provides a structured approach, adaptable to various project types. Con: Can be rigid for some projects, may not suit all industries.
 Ownership: AXELOS, a joint venture company created by the UK government. Origins: Developed in the UK
 Preferred Countries: Widely used in the UK, Europe, Australia, and the Middle East.

MODULE 1 - PROJECT MANAGEMENT 27


Standards of Project Management
 CSM (Certified ScrumMaster):
 Description: Focuses on Agile and Scrum framework, highly valued in software.
 Pro: Agile environments, emphasizes collaboration and iterative development. Con: Limited to Agile environments
 Ownership: Scrum Alliance. Origins: Originated in the United States.
 Preferred Countries: Widely used in the United States, Canada, Europe, and Australia.

 PMI-ACP (PMI Agile Certified Practitioner):


 Description: Demonstrates knowledge in Agile principles, valuable for Agile environments.
 Pro: Recognized for Agile expertise, covers a broad range of Agile methodologies. Con: Requires experience with Agile practices
 Ownership: Project Management Institute (PMI). Origins: Developed in the United States.
 Preferred Countries: Widely used in the United States, Canada, Australia, and Western Europe.

MODULE 1 - PROJECT MANAGEMENT 28


Standards of Project Management

 Project Management Professional (PMP):


 Offered by the Project Management Institute (PMI).
 Widely recognized and demonstrates a solid foundation of experience and education in project management.
 Approximately 1 million PMPs worldwide.
 PRINCE2 (Projects IN Controlled Environments):
 Offered by AXELOS.
 Focuses on managing projects effectively using structured processes.
 Approximately 1.5 million PRINCE2 certifications worldwide.

MODULE 1 - PROJECT MANAGEMENT 29


Standards of Project Management

 Certified ScrumMaster (CSM):


 Offered by Scrum Alliance.
 Focuses on the Scrum framework for Agile project management.
 Approximately 1 million CSMs worldwide.
 PMI Agile Certified Practitioner (PMI-ACP):
 Offered by PMI.
 Demonstrates knowledge and experience in Agile principles and practices.
 Approximately 30,000 PMI-ACPs worldwide.
 Certification numbers are approximate and may vary over time.

MODULE 1 - PROJECT MANAGEMENT 30


Components in Project Management:

PRINCIPLES KNOWLEDGE LIFECYCLE PROJECT


AREAS CONTEXT

MODULE 1 - PROJECT MANAGEMENT 31


Components in Project Management:
■ Principles How projects are sponsored ma
naged, delivered and closed
■ Knowledge areas from start to end

MONITORING &
■ Lifecycle LIFECYCLE CONTROLLING

■ Project context

EXECUTION
INITIATON

PLANNING

CLOSURE
Understanding the 7
project management areas

MANAGEMENT

MANAGEMENT
MANAGEMENT

MANAGEMENT
MANAGEMENT

MANAGEMENT

MONITORING
KNOWLEDGE

PROGRESS
PLANNING
AREAS

BENEFITS

QUALITY
PEOPLE

ISSUE
RISK
Use the knowledge and project cont PROJECT Mandatory good practices that must
ext to tailor the areas in the project t be followed for higher
CONTEXT
hat need managing
chances of success

PRINCIPLES

32
PROJECT OVERVIEW
Components in Project Management:
Principles – Common Problems

Lack of Clear
Business Stakeholder
Poor Learning from Scope Creep and
Justification: Disengagement:
Past Projects: Lack of Control:
Projects are When stakeholders
Failing to analyze Projects can suffer
undertaken without are not engaged
and learn from past from scope creep,
a clear throughout the
project experiences where the project's
understanding of project lifecycle,
can result in scope expands
the expected their needs and
repeating mistakes, beyond the original
benefits and costs, expectations may
inefficiencies, and boundaries, leading
leading to not be adequately
missed to delays, budget
misalignment with addressed, resulting
opportunities for overruns, and
organizational goals in dissatisfaction
improvement. diminished quality.
and potential and project failure.
resource wastage.

MODULE 1 - PROJECT MANAGEMENT 33


Components in Project Management:
Principles – Common Problems

One-Size-Fits-All
Misaligned Project
Lack of Project Oversight: Approach:
Outcomes:

Inadequate project Applying the same project


When project outcomes do
oversight can result in a management practices to
not align with stakeholder
lack of control over project all projects regardless of
expectations or
progress, issues, and risks, their size, complexity, or
organizational goals, the
increasing the likelihood of nature can lead to
project may not deliver the
project failures. inefficiencies and
intended value.
suboptimal outcomes.

MODULE 1 - PROJECT MANAGEMENT 34


Components in Project Management:
Principles
Justified Project Investment
1.Value-Oriented Project Delivery
1.Continuous Improvement through Learning
1.Staged Management and Incremental Delivery
1.Collaborative Stakeholder Management
1.Effective Governance and Control
1.Flexible & Tailored Project Management
MODULE 1 - PROJECT MANAGEMENT 35
Components in Project Management:
Principles
Value-Oriented Project
Justified Project Investment Delivery
• Description: • Description:
• Ensures every project has a clear business • Focuses on delivering value to stakeholders
justification aligned with organizational goals. through high-quality products and services.

• Common Problem: • Common Problem:

• Lack of clear business justification leading to


• Delivering projects that do not meet
stakeholder needs or expectations.
misallocation of resources.
• Activities:
• Activities:
• Engage stakeholders to understand their needs.
• Develop a detailed business case.
• Define project success criteria based on
• Conduct cost-benefit analysis. stakeholder value.
• Align project objectives with organizational • Continuously assess and reassess project value
strategy. delivery.

MODULE 1 - PROJECT MANAGEMENT 36


Components in Project Management:
Principles
Continuous Improvement Staged Management and
through Learning Incremental Delivery
• Description: • Description:
• Promotes a culture of learning and • Manages projects in stages, allowing for
improvement based on past project incremental delivery and better control.
experiences. • Common Problem:
• Common Problem: • Scope creep and lack of control leading to
• Repeating past mistakes and inefficiencies. project delays and budget overruns.
• Activities: • Activities:
• Conduct regular project reviews. • Break down the project into manageable
stages.
• Identify lessons learned.
• Define clear objectives and deliverables for
• Implement changes based on lessons learned each stage.
to improve project outcomes.
• Regularly review progress and adjust plans as
necessary.

MODULE 1 - PROJECT MANAGEMENT 37


Components in Project Management:
Principles
Collaborative Stakeholder Effective Governance and
Engagement Control
• Description: • Description:
• Engages stakeholders throughout the project to • Establishes clear governance structures and
ensure their needs are understood and met. controls for informed decision-making.

• Common Problem: • Common Problem:


• Misalignment between project outcomes and • Lack of project oversight leading to failures.
stakeholder expectations. • Activities:
• Activities: • Define project governance framework.
• Identify and analyze stakeholders. • Establish project controls to monitor and
• Involve stakeholders in decision-making. manage performance.

• Manage stakeholder communications • Ensure decisions are made at the


effectively. appropriate level.

MODULE 1 - PROJECT MANAGEMENT 38


Components in Project Management:
Principles
Flexible & Tailored Project
Management
• Description:
• Adapts project management practices to suit
the specific needs of each project.
• Common Problem:
• Using a one-size-fits-all approach to project
management.
• Activities:
• Tailor project management processes to fit
project needs.
• Consider project size, complexity, importance,
capability, and risk.
• Embrace change and adjust plans as needed.

MODULE 1 - PROJECT MANAGEMENT 39


Principles
CLASS EXERCISE – MATCHING QUESTIONS – 20 mins
1. Tailor project management to fit project needs. A.Justified Project Investment
2. Define clear objectives for each project stage. B. Value-Oriented Project Delivery
3. Develop a detailed business case for project justification. C. Continuous Improvement through
Learning
4. Regularly review project performance for improvement.
D.Staged Management and
5. Analyze stakeholders and involve them in decisions. Incremental Delivery
6. Engage stakeholders to define project success criteria. E. Collaborative Stakeholder
7. Align project objectives with organizational strategy. Management
8. Establish clear governance structures for decision-making. F. Effective Governance and Control
9. Conduct cost-benefit analysis for project assessment. G.Flexible & Tailored Project
Management
10. Continuously assess project value delivery.
11. Define project governance and establish controls.
12. Embrace change and adjust plans accordingly.

MODULE 1 - PROJECT MANAGEMENT 40


Components in Project Management
 Initiation: Define project scope,
objectives, and stakeholders to formally
authorize project initiation and planning.
 Planning: Develop project management
plans and schedules to guide project
Initiation Planning Execution Closure execution and control.
 Execution: Implement project plans,
Monitoring & Controlling manage resources, and communicate
progress to deliver project deliverables.
 Monitoring and Controlling: Track, review,
and regulate project progress,
performance, and scope to ensure project
success.
 Closing: Finalize project activities, hand
over deliverables, and obtain project
closure to formalize project completion.

MODULE 1 - PROJECT MANAGEMENT 41


Lifecycles
CLASS EXERCISE – MATCHING QUESTIONS – 20 mins

A. Initiation
1. Defining the project scope and objectives.
2. Developing the project schedule and budget. B. Planning

3. Acquiring the necessary resources for the project. C. Execution


4. Monitoring project progress and performance. D. Monitoring and Controlling
5. Implementing the project plan. E. Closing
6. Reviewing and approving project deliverables.
7. Conducting regular status meetings.
8. Performing quality assurance activities.
9. Managing project risks and issues.
10.Obtaining formal acceptance of project deliverables.
11.Finalizing all project activities and transferring deliverables to the customer.
12.Conducting lessons learned sessions to capture insights and improvements for future
projects.

MODULE 1 - PROJECT MANAGEMENT 42


Components in Project Management:
Knowledge Areas / Practices
 People Management: Focuses on effectively leading, communicating
with, and managing project team members to achieve project
objectives.
 Benefits Management: Involves identifying, defining, and managing
the benefits expected from the project to ensure they are realized.
 Quality Management: Ensures that project deliverables meet or
exceed stakeholder expectations and comply with quality standards.
 Risk Management: Identifies, assesses, and mitigates project risks to
minimize their impact on project objectives.
 Issue Management: Addresses and resolves project issues in a timely
manner to prevent them from escalating and impacting project
progress.
 Planning Management for planning, which encompasses developing
and maintaining project plans to guide project execution.
 Progress Monitoring for monitoring progress, which involves tracking
project progress against plans and taking corrective actions to keep
the project on track.

MODULE 1 - PROJECT MANAGEMENT 43


Components in Project Management
Project Context

 Project context includes where the project happens, how it's managed, and
the skills needed for it.

Project
Governance Professionalism
Setting

Stakeholder
Tailoring
Engagement
Components in Project Management
Project Context

 Project context includes where the project happens, how it's managed, and the skills needed for
it.
 Project Setting: Understanding the external factors influencing a project, such as the industry and location, is
crucial for tailoring project management processes and effectively managing risks.
 Governance: Establishing clear governance structures and following best practices ensures that projects are
aligned with organizational policies, objectives and promotes effective decision-making and accountability.
 Professionalism: Project managers need to possess the skills, knowledge, and ethical standards required for
managing projects in their specific domain or industry, focusing on value and continuous improvement.
 Tailoring: Adapting project management processes to fit the project environment is essential for successful
project delivery, ensuring that the project is planned, executed, and controlled effectively.
 Stakeholder Engagement: Engaging stakeholders throughout the project lifecycle and tailoring communication
strategies based on the project setting are critical for project success and managing stakeholder expectations.

MODULE 1 - PROJECT MANAGEMENT 45


Components in Project Management: Recap
How projects are sequenced fro LIFE CYCLE
■ Principles m start to end

MONITORING & CONTROL


EXECUTION
INITIATION

CLOSURE
PLANNING
■ Knowledge areas

■ Life-cycle

PROJECT LEVELS
STEERING
■ Project context
MANAGING
The 3 levels of decision m
akers, management and s PRODUCING
olution builders
Understanding the 7
project management areas

MANAGEMENT
MANAGEMENT

MANAGEMENT

MANAGEMENT

MANAGEMENT

MANAGEMENT

MONITORING
KNOWLEDGE

PROGRESS
PLANNING
AREAS

BENEFITS

QUALITY
PEOPLE

ISSUE
RISK
Mandatory good practices that must
Use the knowledge and project cont PROJECT be followed for higher
ext to tailor the areas in the project t CONTEXT chances of success
hat need managing

PRINCPLES

46
PROJECT OVERVIEW
Learning Objectives - Revisited
 Understanding Project Management Fundamentals
 Importance: Establish foundational understanding of project management concepts, terminology, and methodologies
for effective project planning and execution.
 Achievement: Interactive sessions, case studies, and discussions to highlight key principles and best practices in
project management.
 Recognizing Project Management Trends and Evolution
 Importance: Gain insights into industry best practices and prepare for future challenges by understanding historical
evolution and current trends in project management.
 Achievement: Participants will explore key milestones and emerging trends in project management through real-life
case studies, group activities, and discussions.
 Applying Project Management Principles in Practice
 Importance: Enhance participants' ability to manage projects effectively in diverse environments by applying
theoretical knowledge to practical scenarios.
 Achievement: Participants will develop their skills in project planning, execution, and monitoring through hands-on
exercises and simulations that apply project management principles to real-world projects.

MODULE 1 - PROJECT MANAGEMENT 47


Thank you 48

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