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Pm Session 1


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Session 1 Project Management

Session 1 Project Management

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  • 1. Project Management: Session 1 Modern Project Management
  • 2. Session Outcomes
    • After completion of this session the learner should be able to:
      • Describe the importance of project management in modern society;
      • Describe the importance of projects in organizations;
      • Describe the importance of projects in executing strategy;
      • Explain the multi-disciplinary nature of projects;
      • Describe the following:
        • What is a project;
        • Routine vis a vis project work;
        • Programs in relation to projects;
        • Integrated project management.
  • 3. Importance of Project Management
    • Hubble Space Probe
    • $ 1.5 billion initial cost;
    • Approximately $ 250 million per annum to maintain
  • 4. Importance of Project Management
    • World Bank Project Investment in South Africa, approximately;
    • $ 170 million
  • 5. Importance of Project Management
    • SAP R/3 Enterprise Software
    • 19,300 companies, in 120 countries
    • With 60,100 installations
  • 6. Importance of Project Management Professional Services Project Executive US $ 85,000 Vice President Project Services US $ 145,000 IT Project Manager US $ 175,000 2003
  • 7. Importance of Project Management
    • The Project Management Institute (PMI);
    • Established 1969;
    • Current membership 125,000 in 125 countries
  • 8. Importance of Project Management
    • Factors leading to the increased use of project management:
      • Compression of the product life cycle;
      • Global competition;
      • Knowledge explosion;
      • Corporate downsizing;
      • Increased customer focus;
      • Rapid development of Third World and closed economies;
      • Small projects that represent big problems.
  • 9. Importance of Project Management
  • 10. What then is a project ?
  • 11. What is a Project?
    • Definition:
      • A complex , non-routine, one-time effort limited by time , budget, resources , and performance specifications designed to meet customer needs .
    • Major Characteristics of a Project
      • Has an established objective;
      • Has a defined life span with a beginning and an end;
      • Requires across-the-organizational participation;
      • Involves doing something never been done before;
      • Has specific time, cost, and performance requirements.
  • 12. What is a Project?
    • PMBOK “ …a project is a temporary endeavor undertaken to create a unique product or service … “
      • Temporary means that every project has a defined begin or end state;
      • Unique in the sense that the aim is to produce something that can be distinguishable from all similar products and or services”.
  • 13. Routine vis a vis Project Work Routine, Repetitive Work Taking class notes Daily entering sales receipts into the accounting ledger Responding to a supply-chain request Practicing scales on the piano Routine manufacture of an Apple iPod Attaching tags on a manufactured product Projects Writing a term paper Setting up a sales kiosk for a professional accounting meeting Developing a supply-chain information system Writing a new piano piece Designing an iPod that is approximately 2 X 4 inches, interfaces with PC, and stores 10,000 songs
  • 14. Routine vis a vis Project Work Uniqueness Repetitiveness Low High High Space station Housing Motor manufacturing Coin manufacturing
  • 15. Programs Versus Projects
    • Program Defined:
      • A series of coordinated, related, multiple projects that continue over an extended time and are intended to achieve a goal.
      • A higher level group of projects targeted at a common goal.
    • Example:
        • Project: completion of a required course in project management.
        • Program: completion of all courses required for a business major.
  • 16. Project Manager
    • The Project Manager:
      • Manages temporary, non-repetitive activities and frequently acts independently of the formal organization:
        • Marshals resources for the project;
        • Is linked directly to the customer interface;
        • Provides direction, coordination, and integration to the project team;
        • Is responsible for performance and success of the project;
      • Must induce the right people at the right time to address the right issues and make the right decisions.
  • 17. The Project Cycle Initiation Close Out
  • 18. The Project Process Groups Initiation Close Out Control
  • 19. Integrated Project Management Systems Direction Execution – cross functional and concentration of resources Selection and Coordination
  • 20. Integrated Project Management Systems
  • 21. Practical
  • 22.