Introduction to Project Management

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Introduction to Project Management

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Introduction to Project Management

  1. 1. Chapter One The World of Project ManagementI am Akin Shokunbi
  2. 2. What Is a Project? “A temporary endeavor undertaken to create a unique product or service.”* Term Means that a Project temporary Has a beginning and end endeavor Involves effort, work to create Has an intention to produce something (project "deliverables" unique One of a kind, rather than a collection of identical items product Tangible objects, but could include things like computer software, film or stage works service Might include the establishment of a day-care center, for instance, but not its daily operations.Akin Shokunbi
  3. 3. What Is Project Management ? Project management is the discipline of planning, organizing, securing, and managing resources to achieve specific goals. Project management is the science (and art) of organizing the components of a projectAkin Shokunbi
  4. 4. Figure 1-1: Performance, Cost, and Time Project TargetsAkin Shokunbi
  5. 5. The Triple Constraint
  6. 6. The Triple Constraint Time Cost OR, IN Quality/Scope PLAIN ENGLISH Fast Cheap GoodAkin Shokunbi
  7. 7. Triple Constraint Trade-Offs Cost Quality/Scope Constraint Required Adjustment Alternatives (One or Change Combination of Both) Shorter Time Higher Cost Reduced Quality or Narrowed Scope Reduced Cost More Time Reduced Quality or Narrowed Scope Higher Quality or More Time Higher Cost Increased ScopeAkin Shokunbi
  8. 8. Triple Constraint: Setting Priorities Priority Matrix Constraint 1 2 3 Measurement Time Cost Quality/Scope •Must be set by customer and sponsor near startup. •May change over time, but a change is a significant event! Example of a Comple te d Priority Matrix for a Construction Proje ct Constraint 1 2 3 Measurement Building must be completed by Time X October 31 of this year to accommodate corporate move. Costs for the project must not Cost X exceed $22.5 million. Must provide workspace for 120 call Quality/Scope X center staff. If these are the established priorities and measurements, what are some of the implications for the project if the project starts running late or shows signs of exceeding budget?Akin Shokunbi
  9. 9. What uncertainties are encountered in project management?  Time required to complete a project  Availability of key resources  Cost of resources  Timing of solutions to technological problems  Actions taken by competitorsAkin Shokunbi
  10. 10. Can uncertainty surrounding projects ever be eliminated?  No, but it can be managedAkin Shokunbi
  11. 11. Program  A Program is a group of projects managed collectively.  This projects could be inter-related or inter-dependentAkin Shokunbi
  12. 12. Program management Program management or programme management is the process of managing several related projects This is usually done by top ranking officers of an organization most times The C.E.O,The C.I.O etc. They are called Program Manager.Akin Shokunbi
  13. 13. The Project Management Knowledge Areas  1.Project Integration Management  2.Project Scope Management  3.Project Time Management  4.Project Cost Management  5.Project Quality Management  6.Project Human Resource Management  7.Project Communications Management  8.Project Risk Management  9.Project Procurement ManagementAkin Shokunbi
  14. 14. #1—Project Integration Management  Bringing it All Together:  Building the Project Plan  Project Execution  Integrated Change Control  Project Management “Nerve Center”Akin Shokunbi
  15. 15. #2—Project Scope Management  Staying Vigilant in Defining and Containing Scope throughout the Project  Project Initiation  Scope Planning  Scope Definition  Scope Verification  Scope Change ControlAkin Shokunbi
  16. 16. #3—Project Time Management  Determining What Gets Done and When through:  Activity Definition  Activity Sequencing  Activity Duration Estimating  Schedule Development  Schedule ControlAkin Shokunbi
  17. 17. #4—Project Cost Management   Planning for Resources Estimating Costs   Creating the Budget  Managing/Controlling the BudgetAkin Shokunbi
  18. 18. #5—Project Quality Management  Quality Planning  Quality Assurance  Quality ControlAkin Shokunbi
  19. 19. #6—Project Human Resource Management  Organizational Planning  Staff Acquisition  Team DevelopmentAkin Shokunbi
  20. 20. #7—Project Communications Management  Keeping Stakeholders Informed (and Involved!)  Communications Planning  Dissemination of Information  Progress Reporting  Administrative ClosureAkin Shokunbi
  21. 21. #8—Project Risk Management  Expect the Unexpected!  Risk Management Planning  Risk Identification  Qualitative Risk Analysis  Quantitative Risk Analysis  Risk Response Planning  Risk Management and ControlAkin Shokunbi
  22. 22. #9—Project Procurement Management For Projects Using Outside Resources:  Procurement Planning  Solicitation Planning  Solicitation  Source Selection  Contract Administration  Contract CloseoutAkin Shokunbi
  23. 23. Akin Shokunbi
  24. 24. Akin Shokunbi

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