Module 1 - Project Management Introduction-v2
Module 1 - Project Management Introduction-v2
Guhan Thasapalan
EMC Management Center
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
Switch / Silence
Mobile
Be Punctual
Ask Questions or
propose solutions
TODAY
Agile Project
Progress
Management
Day 10
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.
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
Project
Objectives
Timescales Cost
Benefits
Cost Project
Objectives
Quality
Risk
Scope Quality
Scope
Timescales
Risk
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Lessons Learned: Importance of thorough testing, Increased capacity and efficiency, replacing the outdated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
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
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.
One-Size-Fits-All
Misaligned Project
Lack of Project Oversight: Approach:
Outcomes:
A. Initiation
1. Defining the project scope and objectives.
2. Developing the project schedule and budget. B. Planning
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.
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.