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Chapter 1

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Carmi Fecero
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40 views12 pages

Chapter 1

Uploaded by

Carmi Fecero
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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What is a project?

A project is a unique, transient endeavor,


undertaken to achieve planned objectives,
which could be defined in terms of outputs,
outcomes or benefits.

A project is usually deemed to be a success if it achieves


the objectives according to their acceptance criteria,
within an agreed timescale and budget.

Time, cost and quality are the building blocks of every project.
What is a project?
Time: scheduling is a collection of techniques used to
develop and present schedules that show when work will be
performed.

Cost: how are necessary funds acquired and finances managed?

Quality: how will fitness for purpose of the deliverables and


management processes be assured?
Characteristics of a project?
A project is temporary.
A project is unique.

A project is characterized by progressive elaboration.


What is a project management?
Project management is application
of knowledge, skills, tools, and
techniques to project activities to
achieve project requirements.
(Project Management Institute, 2000)
Project management is
accomplished through the
application and integration of the
project management processes of
initiating, planning, executing,
monitoring and controlling, and
closing.
Who gets the job done?
The people who must do the work should help plan it.

The role of the project manager is that of an enabler.


Their job is to help the team get the work completed,
to “run interference” for the team, to get scarce resources
that team members need, and to buffer them from outside
forces that would disrupt the work. They should be—
above everything—a leader, in the true sense of the word.
Life Cycle of a Troubled Project
Appropriate Life Cycle of a Project
0.9

CONCEPT DEFINITION
0.8
PLANNING EXECUTION CLOSE OUT
Define the Develop strategy Do all the work Final Reports
Marketing
0.7
problem
Input Implementation
0.6 Develop vision Monitor progress Lessons-
Survey of Planning learned
0.5competition
Write mission Corrective
Review
statement Risk Management action
0.4

0.3

0.2

Effort Expended in Planning


0.1

0
0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9
Steps in Managing a Project
DEFINE THE PROBLEM MONITOR AND CONTROL PROGRESS
DEVELOP SOLUTION OPTIONS Are we on target?
If not, what must be done?
Plan the Project
Should the plan be changed?
What must be done?
Who will do it? CLOSE THE PROJECT
How will it be done? What was done well?
When must it be done? What should be improved?
How much will it cost? What else did we learn?
What do we need to do it?

EXECUTE THE PLAN


Project processes

INITIATING
PLANNING
EXECUTING
MONITORING AND CONTROLLING
CLOSING
PROJECT MANAGEMENT IN A WORLD OF OVERLOAD

As a project manager, what is the value of bringing projects in on time, at the


desired quality level, and on budget; being recognized as highly effective;
getting promoted; and looking forward to long-term career success—
if you do not achieve work-life balance?
Work-life balance is the ability to experience a sense of control and to stay
productive and competitive at work, while maintaining a happy, healthy
home life with sufficient leisure.

LIFE is short; make the most out of it. Your quest is to accomplish what
you seek to accomplish within the eight or nine-hour workday.
Then, have life for the rest of the day.
what you learn after you know it all is
hat counts.

- Harry Trum

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