Assignment - 1
Assignment - 1
Assignment - 1
Introduction
What is a Proj?
Why Project Mgmt?
Growth of Proj Mgmt
Code of Ethics for the Proj Mgmt Profession
Proj Management in Pakistan
PMP Certification
Proj Glossary (PMBOK + Prince2)
Assignment -1
Introduction
PROJECT MANAGEMENT
Course Code:
Prerequisite:
Credit Hours:
Contact Hours:
Semester:
MGT 610
QTM 530
Three (3)
48 or 3/wk
4th
Teaching Methodology:
discussions
Interactive,
slides
and
COURSE SYNOPSIS
Projects are becoming major tool for implementing and
achieving strategic goals not only in IT related sectors
but also in a range of industries. This course explores
contemporary issues in the theory and practice of project
management. It aims to provide students with an
opportunity to find, understand, organize and critically
evaluate, and integrate research-based and practitionerbased knowledge associated with managing projects. By
the end of the course students must be able understand
all the different dimensions of projects and localize the
relevant methods, approaches and tools in order to
adapt them to the specific situation of the project.
PRESCRIBED BOOK
Title of the book: Project Management --A Managerial Approach (6th Ed)
Authors:
Jack R Meredith &
Samuel J. Mantel, Jr
Available at: MR OLD BOOKS -- Shop
No. 4-5, Block 5/C, F-6,
Super Market, Islamabad
and BU Library
METHOD OF EXAMINATION
The Mid Term and Final Term examinations are of 1-1/2
and 2 hours duration respectively. They can be Open
Book, Open Ended, and / or Take Home Examination.
However, based on experience it has been deduced that
Open Ended is the best and most suitable form of
examination. It benefits a large majority of students.
However, the subject remains open and consensus
would be taken prior deciding on a mode of examination.
The paper invariably would include MCQs., Fill-in-the
blanks, True / False and few subjective questions.
WHAT IS A PROJECT?
A project is a problem scheduled for
solution.
J M Juran
Life Is A Project---!
What is a Proj
Proj Statement
TYPES OF PROJECTS
Research Proj
problem
Investment Proj
A project run to determine the financial
feasibility and economic acceptability of a programme
SOURCES OF PROJ
Based on the demands and needs of the
national, regional, sectoral and / or a certain
community Federal,
Prov, Distt
Govts /
Strategic Plan
A Market Demand
Customer
Request
(Power
Company
PROJECT PHASES
D e fin e t h e p r o b le m a n d d e liv e r a b le s
P la n t h e p r o je c t
E x e c u t e t h e p la n
M o n it o r a n d c o n t r o l p r o g r e s s
I m p le m e n t / C lo s e p r o je c t
Government
Suppliers
Organization Goals
Top Management
Boss
Project Manager
project Staff
Colleagues
Managers Controlling
Internal Resources
External Users
Internal Users
Sub Contractors
Project Environment
1. Cultural & Social Environment
How project affects people & how they in turn affect the
project. It requires understanding of economic, demographic,
ethical, ethnic, and social / religious issues etc)
2. International & Political Environment
knowledge of applicable international, national, regional or
local laws & customs. Other factors like Time Zone difference,
national holidays, means of travel & logistic requirements etc
3. Physical Environment. Knowledge
Local ecology & physical geography could affect project or be
affected by the Proj.
SUB PROJECTS
Cost = f (P,S,T)
Where P is Performance , S is Scope & T is
Time
As P & S increase, Cost generally increases
but not linearly
Target
Product / Service
Cost
Time / Duration /
Schedule
Proj Objectives
OR
Triple Constraints
Client
Agreement
PROJ MGMT
Strong Points
The basic purpose of Proj Mgmt is to
accomplish specific goals and objectives. The
Proj form of the organization allows the PM to
be responsive to:
PROJ MGMT
Limitations
Inability to surmount risk and uncertainty
Human Factor
Time Factor
Resource Constraints
PROJECT
STAKE-HOLDERS
PROJECT STAKE-HOLDERS
Individuals & Org - actively involved in
projects whose interests may be affected as
a result of project execution or completion
or failure.
May also exert influence over the Proj
Objective and Outcome.
Positive & Negative Stakeholders
RELEVANT STAKE-HOLDERS
OWNERS & SPONSORS
SUPPLIERS
CUSTOMERS
THE PROJECT
SOCIETY
REGULATORS
EMPLOYEES
Team Members
Staff who use
their skills to
Team Members
contribute
to the
projects success.
Project participants
Sponsor The
internal
Organizational
owner of the
project.
Responsible for
establishing the
projects priority
within the
Organization.
Has overall
responsibility for
its success.
PROJ FORMULATION
Based on the feasibility study, the Proj
formulation takes place by filling up PC-1. Here
are certain kinks which need to be taken into
account.
The PC-1 is normally filled up very ambitiously
by the person / org who was not involved with
the Proj or the feasibility study.
Devoid of requisite data and keenness to
undertake / initiate the Proj usually lays the first
brick of possible failure.
Lack of data places immense burden on the Proj
Manager to unearth relevant data and endeavor
to prove to his bosses of the correctness of the
Proj.
PROJ APPRAISAL
It is a complex job done by professionals.
The appraisal includes among others:
Modifications to original ideas to make them look
attractive to foreign donors
Evaluate / assess administrative, managerial and
technical capability of the Org.
Scrutiny of Proj costs (Capital, Operational,
Maintenance, Recurring, Establishment expenditures,
etc)
Schedule of Work
Financial phasing incl FE Funding
Review of the Proj for reasons of Objectives, Costs,
and Time
PROJECT APPROVAL
The most lethargic and at times most
speedier action consists of admin
Approval and Financial Approval. Most of
the good Projects never see the day light
due absence of financial approval.
At times Projects are started on the wrong
premise, i.e., finances would become
available in due course.
IMPLEMENTATION
The Projects are implemented by a
specially selected team designated as Proj
Team that works under the guidance of
Proj Mgr.
PROJECT EVALUATION
global
project
PMP CERTIFICATION
PMP CERTIFICATION
Project Management Institute (PMI) was established in
1969 with six members.
It is the most respected, and recognized management
standards institute in the world.
Today PMIs membership surpasses 200,000 in over 150
countries.
The main goal of PMI is to provide standards to the
project management world.
One of their significant accomplishments has been
creating and publishing the project management
standard document PMBOK
PMI ACHIEVEMENTS
1984 ---
Total Members
Total PMPs
236,871
223,877
WHAT IS PMBOK
PMP CERTIFICATION
PMIs PMP Certification exam is the
worlds most recognized professional
credential for individuals working in the
field of project management.
PMP certification serves not only the IT
industry but also other industries such as:
Automotive
Aerospace
Construction
Telecommunications
Step 3
PM Contact Hours/PM
Education
35 Hours of Project
Management Education
Step 6
Schedule Exam
Schedule Exam from
Prometric site www.2test.com
to take the PMP exam.
Step 2
Project Management Experience
Minimum 3 years/36 months unique
4500
non overlapping project management
experience
Hours
Minimum 5 years/60 months unique
7500
non overlapping project management
Project
experience
Hours
experience
Step 4
PMI Online Form
Submit the qualification
information to PMI online
Application at
https://pmi.org/certapp
Project
Step 5
Prepare for the Exam
Study the PMBOK , revise the
material given in the course
,view PMP Video and give
four hours simulation Test
PROJ GLOSSARY
PMBOK (extracts from the text book)
Prince2
Available in course pack
Setting Priorities
ask your customer to prioritize the list of deliverables
from highest to lowest so that you can align these
priorities with the tasks in your plan.
Assignment -1
Write a summary of directed reading
Pages 27-37
THANK YOU