Project Management Principles and Practices
Project Management Principles and Practices
Project Management Principles and Practices
Management
Project
Management
Agenda
Introductions
Course Objective
Unit 1: Introduction to Project Management
Unit 2: Project Definition
Unit 3: Project Planning
Introductions
Project Failures
Project Successes
What is Project Management?
KeyFunctional Areas of Project
Management
Project Life Cycle
Project Failure
On time
On budget
Meetingthe goals that have been
agreed upon
Iron Triangle
Pick Any Two
What is a Project?
Trait 5
A customer-first orientation
Trait 6
Adherence to the priorities of business
Trait 7
Knowledge of the industry or technology
Project Success
12 Golden Rules (Chapter 3)
Rule #1
Rule #2
Rule #3
Rule #4
Rule #5
Rule #6
Rule #7
Rule #8
Rule 9
Rule 10
Rule 11
Rule 12
Project Management
The “application of knowledge,
skills, tools and techniques to
project activities to meet project
requirements.”
9 Knowledge areas
1. Integration Management
Manage costs
Out of your control
Competing projects
5. Project Quality
Management
Planning quality
Enforcing quality
Checking quality control
6. Project Human Resource
Management
Organizational planning
Staff acquisition
Making a team
7. Project Communications
Management
Communication plan
8. Project Risk Management
Acquisition
and contract
management
Project Life Cycle
Project Definition Phase
Stakeholder Identification
Business Case
Risk
Constraints
Stakeholder Identification
Stakeholder definition
Key stakeholders to identify
Project sponsor
Customer
Project team
Functional managers
Communicate with everyone
Manage conflicts in priorities
The Customer
Need to understand:
Goals(the need for the project
and the measurable benefits)
Scope
Time to complete
Estimates
of timeline, resource
requirements and costs
SMART goals
S – Specific
M – Measurable
A – Agreed upon
R – Realistic
T – Time related
Risk management
Identify
Sources of risk
Funding
Time
Staffing
Customer relations
Project size and/or complexity
Overall structure
Organizational resistance
External factors
Risk Analysis
Probability
Impact
Overall exposure = probability X impact
Risk Plan
Accept
Avoid
Mitigation
Contingency with trigger
Transfer
Risk Track and Control
Risk log
Review and update regularly
Assign ownership to risk
Constraints
Real-world limits
Typical constraints:
Budget
Schedule
People
Real world
Facilities and equipment
Unit 3
Project planning
Project Planning
Logicalrepresentations of
scheduled project activities
Define the sequence of work in a
project
Drawn from left to right
Reflect the chronological order of
the activities
WBS and Network Diagram
Direct costs
Directly attributed to the project
Indirect costs
Shared amongst other projects
Types of Budgeting
Bottom-up
Top-Down
Phased
Contingency Reserve
PRE-ACTIVITIES
DURING
POST-ACTIVITIES
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