Student Version

CHAPTER ONE

Modern Project
Management
McGraw-Hill/Irwin

McGraw-Hill/Irwin
Copyright © 2011 by The McGraw-Hill Companies, Inc. All
rights reserved.
An
An Overview
Overview of
of Project
Project Management
Management

1–2
 What
What is
is aa Project?
Project?
• Project Defined
– “a temporary endeavor undertaken to create a unique
product, service, or result” (PMBOK® Guide, Fourth
Edition, 2008, p. 5)
• Major Characteristics of a Project
– Has an established objective.
– Has a defined life span with a beginning and an end.
(Temporary)
– Involvement of Several departments and professionals.
– Involves doing something never been done before
(Unique)
– Has specific time, cost, and performance requirements.
1–3
 Project
Project Vs.
Vs. Operational
Operational Work
Work
• Operational Work
– Work That is ongoing and repetitive, meant to sustain
the business.
• What is common between Them?
– Performed by People
– Constrained by limited Resources
– Planned, Executed and Controlled.
• What is The Difference?
Project Operational Work
Temporary Ongoing
Unique Repetitive
Ends Sustain
1–4
 Comparison
Comparison of
of Routine
Routine Work
Work with
with Projects
Projects
Routine, Repetitive Work Projects
Taking class notes Writing a term paper
Daily entering sales receipts into Setting up a sales kiosk for a
the accounting ledger professional accounting meeting
Responding to a supply-chain Developing a supply-chain
request information system
Practicing scales on the piano Writing a new piano piece
Routine manufacture of an Apple Designing an iPod that is
iPod approximately 2 X 4 inches,
interfaces with PC, and
stores 10,000 songs
Attaching tags on a manufactured Wire-tag projects for GE and
product Wal-Mart

TABLE 1.1

1–5
 Programs
Programs versus
versus Projects
Projects
• Program Defined
– group of related projects designed to
accomplish a common goal over an
extended period of time.
– Differences are in scale and time span.
– Example:
• Project: completion of a required
course
in project management.
• Program: completion of all courses
required
for a business major.

1–6
Generic
Generic Project
Project Life
Life Cycle
Cycle

FIGURE 1.1

1–7
 Project
Project Life
Life Cycle
Cycle

• Defining stage:
• project objectives are established, Specifications of the
project are defined, Tasks are listed and teams are
formed and major responsibilities are assigned.

Planning Stage:
Plans are developed to determine what the project will
accomplish, when it will be scheduled, what quality level
should be maintained and what the budget will be.

1–8
 Project
Project Life
Life Cycle
Cycle
• Execution Stage
– Major portion of the project takes place
– The physical product is produced
– Time and cost measures are used for control
– What is the forecast.
– What revision/changes are necessary

1–9
 Project
Project Life
Life Cycle
Cycle
• Closure
– Three Activities:
– Delivering the project Product
– Customer training & documents transfer
– Redepolying project resources:
– Releasing project resources to other projects.
– Post Project review
– Assessing Performance
– Lessons Learned.

1–10
 What
What is
is Project
Project Management?
Management?

• Project management is “the application of

knowledge, skills, tools and techniques to
project activities to meet project requirements”
(PMBOK® Guide, Fourth Edition, 2008, p. 6)

• Project managers strive to meet the triple

constraint by balancing project scope, time,
and cost goals
Cost

Time Scope
11
 Project
Project Manager
Manager
• Project manager works with project sponsors,
the project team, and other people involved in a
project to meet project goals
• Direct link to the customer
• Provide direction, coordination and integration to
the project team
• Inducing the right people at the right time to
address the right issues and to make the right
decisions

12
 The
TheTechnical
Technical
and
andSociocultural
Sociocultural
Dimensions
Dimensions
of
ofthe
theProject
Project
Management
ManagementProcess
Process

FIGURE 1.3

1–13
END
END

1–14
 Growth
Growth in
in PMP
PMP Certification,
Certification, 1993-2008
1993-2008

350,000
318,289

300,000

267,367
# PMPs

250,000
221,144

200,000
175,194

150,000

100,000 102,047

76,550

50,000 52,443
40,343
27,052
18,184
6,415 10,086
4,400
-
1,000 1,900 2,800

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Year

Information Technology Project

Management, Sixth Edition 15
 Key
Key Terms
Terms
• Program  A program is a group of related projects
designed to accomplish a common goal over an
extended period of time.
Project  A project is a temporary endeavor undertaken
to create a unique product, service, or result.
Project life cycle  The stages found in all projects—
definition, planning, execution, and delivery.
Project Management Professional  An individual who
has met specific education and experience requirements
set forth by the Project Management Institute, has
agreed to adhere to a code of professional conduct, and
has passed an examination designed to objectively
assess and measure project management knowledge. In
addition, a PMP must satisfy continuing certification
requirements or lose the certification. 1–16
 Chapter
Chapter Summary
Summary

• A project is a temporary endeavor undertaken to

create a unique product, service, or result
• Project management is the application of
knowledge, skills, tools, and techniques to project
activities to meet project requirements
• A program is a group of related projects managed in
a coordinated way
• Project managers play a key role in helping projects
and organizations succeed
• The project management profession continues to
grow and mature
17