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Introduction To Project Management: Presented by Puspendu Mandal

This document provides an introduction to key concepts in project management. It defines a project as a unique set of operations designed to accomplish a singular goal. A program is a collection of related projects managed together, while a portfolio refers to the grouping of multiple projects and programs. Project management involves applying processes, skills, and knowledge to achieve project objectives within set timelines and budgets, and includes phases of initiating, planning, executing, monitoring and controlling, and closing. Program and portfolio management similarly involve applying expertise to meet requirements but at a higher level of aggregation.

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142 views11 pages

Introduction To Project Management: Presented by Puspendu Mandal

This document provides an introduction to key concepts in project management. It defines a project as a unique set of operations designed to accomplish a singular goal. A program is a collection of related projects managed together, while a portfolio refers to the grouping of multiple projects and programs. Project management involves applying processes, skills, and knowledge to achieve project objectives within set timelines and budgets, and includes phases of initiating, planning, executing, monitoring and controlling, and closing. Program and portfolio management similarly involve applying expertise to meet requirements but at a higher level of aggregation.

Uploaded by

PUSPENDU MANDAL
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 PPTX, PDF, TXT or read online on Scribd
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Introduction To Project

Management

Presented By Puspendu Mandal


What is Project ?

•  A project is unique in that it is not a routine operation, but a


specific set of operations designed to accomplish a singular goal.
So a project team often includes people who don’t usually work
together – sometimes from different organizations and across
multiple geographies.

• Projects are critical to the realization of performing organization's


business strategy because projects are a means by which the
strategy of the company is implemented.
What is Program ?

• A program is a collection of projects that are managed as a group


in order to achieve efficiencies of scale.
• Projects are bundled together into a program when the benefits of
managing the collection outweigh managing projects as individual
units. 
What is Portfolio?

• A portfolio is simply a generic term used for a grouping of things.


Depending on the context and industry, it can be a collection of
assets, products, investments, or other items. A portfolio in
project management refers to a grouping of projects, and
programs.
• The purpose of a portfolio is to establish centralized management
and oversight for many projects and/or programs. A portfolio also
helps establish standardized governance across the organization.
What is Project Management ?

Project management is the application of processes, methods, skills,


knowledge and experience to achieve specific project objectives
according to the project acceptance criteria within agreed parameters.
Project management has final deliverables that are constrained to a
finite timescale and budget.

Project management processes fall into five groups:


• Initiating
• Planning
• Executing
• Monitoring and Controlling
• Closing
Initiating :

A new project is broadly defined and submitted for formal approval. This


phase often begins with a business case, which outlines the objectives,
purpose, and deliverables of the proposed project. Stakeholders are
identified and preliminary requirements are documented.

Planning :

A comprehensive project plan is developed which outlines project cost and


the budget, scope, duration, deliverables, and quality, communications,
metrics, risks, and resources.
Executing :
The project is now ready to launch! The project manager typically
uses a kick-off meeting to introduce key tasks and milestones to the
team, and discuss the project in detail. The main activities
associated with project execution include resource management,
tracking work, team meetings and reporting on progress.

Monitoring and Controlling :


Monitoring is conducted in parallel with project execution.

Closing :
Once the project is completed, run a post-mortem to document
lessons learned for future projects. It is also important to recognize
and celebrate success. Finally, reassign resources and update
project documentation, including any collaboration sites.
What is Program Management ?

Program management is the application of knowledge, skills, tools


and techniques to meet program requirements. Organizations with
mature program management are far more successful than those
without it.

In other word Program Management is

• Grouping together related projects as a program, and


• Using specific management techniques, knowledge and skills to manage the
program.
What is Portfolio Management ?

• Portfolio management is the selection, prioritization and control of an


organization's projects and programs in line with its strategic objectives
and capacity to deliver.

• The goal is to balance change initiatives and business-as-usual while


optimizing return on investment.

• Good governance of an organization's portfolio provides an opportunity to


improve the management of projects and programs consistently.

• A well-managed portfolio provides the structure and commitment needed


to improve an organization or function’s maturity.
Project Management Office (PMO)

• A project management office (PMO) is a group - internal or


external to a company - that sets, maintains and ensures standards
for project management across that organization. They’re the
keepers of best practices, project status and direction - all in one
spot.
•  Think of the project management office as the regulatory
commission that is looking to standardize and introduce economies
of repetition to the execution of a project to maintain
productivity.
THANK YOU

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