SlideShare a Scribd company logo
1 of 21
What is a Project?
 A project is temporary in that it has
 a defined beginning and end in time, and
therefore
 defined scope and resources.
 A project is unique in that it is not a routine
operation, but a specific set of operations
designed to accomplish a singular goal.
2
Examples of Projects
 development of software for an improved
business process
 construction of a building or bridge
 relief effort after a natural disaster
 expansion of sales into a new geographic
market
 designing a new material for a specialized use
3
What is Project Management?
the application of knowledge, skills and
techniques to execute projects effectively and
efficiently.
4
Project Lifecycle
Project Processes
 Initiating
 Planning
 Executing
 Monitoring
& Controlling
 Closing
5
Project Management
PM knowledge draws on 10 areas:
 Scope
 Time
 Cost
 Quality
 Procurement
 Human resources
 Communications
 Risk
 Stakeholder management
 Integration (of the above)
6
Project Success & Triple Constraint
PMI Phoenix Chapter - www.phx-pmi.org
7
 Project Management is tasked with the control
and management of the Triple Constraint:
 Scope – end products (deliverables)
 Cost – including hidden costs
 Schedule – don’t miss the window
 Scope and Deadline were precisely defined by Kennedy (1961:
man safely to and from the moon, before the end of the decade) so
only the budget was in question.
 over $20 billion was spent (approximately $145 billion in 2008 dollars)
 using over 500 primary contractors
 creating over 1 million vehicle components
 in a program of about 18 missions (each its own project)
 At its peak, the Apollo program employed 400,000 people and
required the support of over 20,000 industrial firms and universities.
The coordination of these resources is considered one of the great
successes of project management.
 Success: 6 trips to the moon, the first before deadline. One of the
biggest triumphs for PM. Amazingly, estimates show that the
program was not more than 12% over the 1966 projected budget.
The Apollo Space Program
8
http://users.business.uconn.edu/bday/PMDay2.pp
The Big Dig
 The plan (1982) was to alleviate congestion in Boston by
moving the Central Artery into a tunnel, in conjunction
with a number of smaller but substantial road
construction projects.
 Cost estimates when initiated: $2.8 Billion
 No clear deadline set for completion
9
http://users.business.uconn.edu/bday/PMDay2.p
http://www.ldeo.columbia.edu/~benh/matos/portfolio/index_lessscience.html
The Big Dig
10
http://users.business.uconn.edu/bday/PMDay2.p
http://www.ldeo.columbia.edu/~benh/matos/portfolio/index_lessscience.html
 Construction of some form continued for 16 years.
 Lack of oversight, poor management of material usage and
specifications, and fraud led to numerous leaks requiring additional
mitigation and correction projects.
 Collapsing tunnel pieces even caused one death.
 Final costs were estimated at $20 billion
 2008 Boston Globe report: traffic actually got worse!
Project Manager
PMI Phoenix Chapter - www.phx-pmi.org
11
 The project manager is the person ultimately responsible for the outcome of
the project. Ideally:
 Formally empowered to use organizational resources (i.e. Project
Charter)
 In control of the project
 Authorized to spend the project’s budget
 Authorized to make decisions for the project.
 Along with resources, responsible for triple constraints: Time, Cost,
Scope
 Project managers are typically found in a matrix or projectized organization:
 Projectized – structured according to the projects instead of functional
departments. PM is both manager of the project and of the people.
 Matrix – Hybrid organization where individuals have both a functional
manager and a project manager for projects.
PM terminology
 PMO – project management office
 WBS – work breakdown structure
 Baseline
 CCB – change control board
 Stakeholders
 Kick-off
 Gantt Chart
 Critical Path
12
Work Breakdown Structure
(WBS)13
Critical Path Analysis
14
Risk Management
 The plan to handle (minimize) changes to scope and
budget
 Risk is the #1 item to discuss in meetings, to avoid
undesired changes
 S.W.O.T. analysis – during Initiation and Planning
 Handle threats by:
 Acceptance
 Transfer (ex. insurance)
 Mitigation
 Avoidance
+ -
internal Strengths Weaknesses
externa
l
Opportunities Threats
15
Expected Monetary Value (EMV)
analysis
16
Project Processes
 Linear, sequential,
“directional” design
process
 Schedule (mostly) known
in advance
 For predictable, structured
projects
 Reduces costly changes to
an already costly design
process
 Common to construction
and manufacturing
 Incremental, iterative,
“evolutionary” design
process
 A recurring (typically
weekly) timeline
 For dynamic, hard-to-
predict projects
 Reduces up-front
expenses related to
multiple changes
 Common to software
development
17
Waterfall (project
management)
Agile (scrum)
My PM lessons learned
Communication
 Establish communication protocols
 Ensure the team follows communication
protocols
 Document (and back-up) everything
 Provide both positive and negative feedback
 Be sure to involve all relevant stakeholders
prior to decisions
 Know your team
18
PM lessons from ASU nanoscience
Ph.D.
 Take a macroscopic perspective first (as in root-cause failure analysis),
to avoid wasting resources
 Use PM tools like a Fishbone (Ishikawa) Diagram
 Then, what are your top 5 explanations?
 What data is needed to (in)validate those explanations?
 Large teams are tough to pull off
 Establish procedures
 Divide into groups of no more than 12
 Clearly identify and assign roles
 People get pissed when there’s a mistake (50/50)
 “Coming from grad school, ownership is important”
 At Intel, EVERYTHING has an owner:
 Tool
 Document
 Code
 Process
 Ownership ensures someone identifies and resolves a potential problem
before it becomes one.
 Find out where to place project buffers (click here)
19
Project Management Institute
(PMI)
 Research: dollars lost to poor project
management
 2012: $120M for every US$1B spent on projects
 2013: $135M for every US$1B spent on projects
(due to increased % of projects not meeting goals)
 Education
 PMBOK
 www.pmi.org
 Certification: PMP, CAPM…
 Training, lectures, seminars, networking
 www.phx-pmi.org
20
Questions?
Project Processes
 Initiating
 Planning
 Executing
 Monitoring
& Controlling
 Closing
21

More Related Content

Similar to 2014.4 project management presentation asu nano psm

0. Foundations of project management (2).ppt
0. Foundations of project management (2).ppt0. Foundations of project management (2).ppt
0. Foundations of project management (2).pptAbelMuluqen
 
UNIT-01_Fundamentals_ Project management
UNIT-01_Fundamentals_ Project managementUNIT-01_Fundamentals_ Project management
UNIT-01_Fundamentals_ Project managementsdbhosale860
 
Chapter 1(1).pptx
Chapter 1(1).pptxChapter 1(1).pptx
Chapter 1(1).pptxmegzgreat
 
How to Effectively Manage IT Project Risks
How to Effectively Manage IT Project Risks How to Effectively Manage IT Project Risks
How to Effectively Manage IT Project Risks Bradley Susser
 
Running head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docx
Running head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docxRunning head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docx
Running head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docxcowinhelen
 
978285452340_11.pptx
978285452340_11.pptx978285452340_11.pptx
978285452340_11.pptxsahilgupta499
 
CHAPTER 1 - Project Management.pdf
CHAPTER 1 - Project Management.pdfCHAPTER 1 - Project Management.pdf
CHAPTER 1 - Project Management.pdfMartinsAras
 
Basics in Project Management
Basics in Project ManagementBasics in Project Management
Basics in Project Managementchaitanyakrsk
 
introduction to project management
introduction to project management introduction to project management
introduction to project management Shivam Singhal
 
ChapterPM_1.pptx for the course project management
ChapterPM_1.pptx for the course project managementChapterPM_1.pptx for the course project management
ChapterPM_1.pptx for the course project managementDerbewBirhanu2
 
M6 Toll Road Construction
M6 Toll Road ConstructionM6 Toll Road Construction
M6 Toll Road ConstructionHeidi Owens
 
Project Management Overview
Project Management OverviewProject Management Overview
Project Management OverviewTechNoleGirl
 
Introduction to Project Management by Javid Hamdard
Introduction to Project Management by Javid HamdardIntroduction to Project Management by Javid Hamdard
Introduction to Project Management by Javid HamdardJavid Hamdard
 
2016 McKinsey Tim McManus Managing big projects
2016 McKinsey Tim McManus Managing big projects2016 McKinsey Tim McManus Managing big projects
2016 McKinsey Tim McManus Managing big projectsTim McManus
 

Similar to 2014.4 project management presentation asu nano psm (20)

Managing IT Projects
Managing IT ProjectsManaging IT Projects
Managing IT Projects
 
0. Foundations of project management (2).ppt
0. Foundations of project management (2).ppt0. Foundations of project management (2).ppt
0. Foundations of project management (2).ppt
 
UNIT-01_Fundamentals_ Project management
UNIT-01_Fundamentals_ Project managementUNIT-01_Fundamentals_ Project management
UNIT-01_Fundamentals_ Project management
 
Chapter 1(1).pptx
Chapter 1(1).pptxChapter 1(1).pptx
Chapter 1(1).pptx
 
How to Effectively Manage IT Project Risks
How to Effectively Manage IT Project Risks How to Effectively Manage IT Project Risks
How to Effectively Manage IT Project Risks
 
Running head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docx
Running head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docxRunning head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docx
Running head IMPLEMENTATION STRATEGIESIMPLEMENTATION STRATEGIES.docx
 
Project management
Project managementProject management
Project management
 
978285452340_11.pptx
978285452340_11.pptx978285452340_11.pptx
978285452340_11.pptx
 
CHAPTER 1 - Project Management.pdf
CHAPTER 1 - Project Management.pdfCHAPTER 1 - Project Management.pdf
CHAPTER 1 - Project Management.pdf
 
Basics in Project Management
Basics in Project ManagementBasics in Project Management
Basics in Project Management
 
Introduction.ppt
Introduction.pptIntroduction.ppt
Introduction.ppt
 
Ch01
Ch01Ch01
Ch01
 
introduction to project management
introduction to project management introduction to project management
introduction to project management
 
Pm lecture
Pm lecturePm lecture
Pm lecture
 
ChapterPM_1.pptx for the course project management
ChapterPM_1.pptx for the course project managementChapterPM_1.pptx for the course project management
ChapterPM_1.pptx for the course project management
 
PM_lecture.pdf
PM_lecture.pdfPM_lecture.pdf
PM_lecture.pdf
 
M6 Toll Road Construction
M6 Toll Road ConstructionM6 Toll Road Construction
M6 Toll Road Construction
 
Project Management Overview
Project Management OverviewProject Management Overview
Project Management Overview
 
Introduction to Project Management by Javid Hamdard
Introduction to Project Management by Javid HamdardIntroduction to Project Management by Javid Hamdard
Introduction to Project Management by Javid Hamdard
 
2016 McKinsey Tim McManus Managing big projects
2016 McKinsey Tim McManus Managing big projects2016 McKinsey Tim McManus Managing big projects
2016 McKinsey Tim McManus Managing big projects
 

Recently uploaded

PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPanhandleOilandGas
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...meghakumariji156
 
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowGUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book nowkapoorjyoti4444
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptxRoofing Contractor
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...NadhimTaha
 
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSCROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSpanmisemningshen123
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentationuneakwhite
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...daisycvs
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfAdmir Softic
 
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTSJAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTSkajalroy875762
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateCannaBusinessPlans
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...ssuserf63bd7
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistanvineshkumarsajnani12
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGpr788182
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 MonthsIndeedSEO
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1kcpayne
 
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...pujan9679
 
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...pujan9679
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel
 

Recently uploaded (20)

PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
Falcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investorsFalcon Invoice Discounting: The best investment platform in india for investors
Falcon Invoice Discounting: The best investment platform in india for investors
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
 
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowGUWAHATI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
GUWAHATI 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSCROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTSJAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTS
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
Chennai Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Av...
 
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 

2014.4 project management presentation asu nano psm

  • 1.
  • 2. What is a Project?  A project is temporary in that it has  a defined beginning and end in time, and therefore  defined scope and resources.  A project is unique in that it is not a routine operation, but a specific set of operations designed to accomplish a singular goal. 2
  • 3. Examples of Projects  development of software for an improved business process  construction of a building or bridge  relief effort after a natural disaster  expansion of sales into a new geographic market  designing a new material for a specialized use 3
  • 4. What is Project Management? the application of knowledge, skills and techniques to execute projects effectively and efficiently. 4
  • 5. Project Lifecycle Project Processes  Initiating  Planning  Executing  Monitoring & Controlling  Closing 5
  • 6. Project Management PM knowledge draws on 10 areas:  Scope  Time  Cost  Quality  Procurement  Human resources  Communications  Risk  Stakeholder management  Integration (of the above) 6
  • 7. Project Success & Triple Constraint PMI Phoenix Chapter - www.phx-pmi.org 7  Project Management is tasked with the control and management of the Triple Constraint:  Scope – end products (deliverables)  Cost – including hidden costs  Schedule – don’t miss the window
  • 8.  Scope and Deadline were precisely defined by Kennedy (1961: man safely to and from the moon, before the end of the decade) so only the budget was in question.  over $20 billion was spent (approximately $145 billion in 2008 dollars)  using over 500 primary contractors  creating over 1 million vehicle components  in a program of about 18 missions (each its own project)  At its peak, the Apollo program employed 400,000 people and required the support of over 20,000 industrial firms and universities. The coordination of these resources is considered one of the great successes of project management.  Success: 6 trips to the moon, the first before deadline. One of the biggest triumphs for PM. Amazingly, estimates show that the program was not more than 12% over the 1966 projected budget. The Apollo Space Program 8 http://users.business.uconn.edu/bday/PMDay2.pp
  • 9. The Big Dig  The plan (1982) was to alleviate congestion in Boston by moving the Central Artery into a tunnel, in conjunction with a number of smaller but substantial road construction projects.  Cost estimates when initiated: $2.8 Billion  No clear deadline set for completion 9 http://users.business.uconn.edu/bday/PMDay2.p http://www.ldeo.columbia.edu/~benh/matos/portfolio/index_lessscience.html
  • 10. The Big Dig 10 http://users.business.uconn.edu/bday/PMDay2.p http://www.ldeo.columbia.edu/~benh/matos/portfolio/index_lessscience.html  Construction of some form continued for 16 years.  Lack of oversight, poor management of material usage and specifications, and fraud led to numerous leaks requiring additional mitigation and correction projects.  Collapsing tunnel pieces even caused one death.  Final costs were estimated at $20 billion  2008 Boston Globe report: traffic actually got worse!
  • 11. Project Manager PMI Phoenix Chapter - www.phx-pmi.org 11  The project manager is the person ultimately responsible for the outcome of the project. Ideally:  Formally empowered to use organizational resources (i.e. Project Charter)  In control of the project  Authorized to spend the project’s budget  Authorized to make decisions for the project.  Along with resources, responsible for triple constraints: Time, Cost, Scope  Project managers are typically found in a matrix or projectized organization:  Projectized – structured according to the projects instead of functional departments. PM is both manager of the project and of the people.  Matrix – Hybrid organization where individuals have both a functional manager and a project manager for projects.
  • 12. PM terminology  PMO – project management office  WBS – work breakdown structure  Baseline  CCB – change control board  Stakeholders  Kick-off  Gantt Chart  Critical Path 12
  • 15. Risk Management  The plan to handle (minimize) changes to scope and budget  Risk is the #1 item to discuss in meetings, to avoid undesired changes  S.W.O.T. analysis – during Initiation and Planning  Handle threats by:  Acceptance  Transfer (ex. insurance)  Mitigation  Avoidance + - internal Strengths Weaknesses externa l Opportunities Threats 15
  • 16. Expected Monetary Value (EMV) analysis 16
  • 17. Project Processes  Linear, sequential, “directional” design process  Schedule (mostly) known in advance  For predictable, structured projects  Reduces costly changes to an already costly design process  Common to construction and manufacturing  Incremental, iterative, “evolutionary” design process  A recurring (typically weekly) timeline  For dynamic, hard-to- predict projects  Reduces up-front expenses related to multiple changes  Common to software development 17 Waterfall (project management) Agile (scrum)
  • 18. My PM lessons learned Communication  Establish communication protocols  Ensure the team follows communication protocols  Document (and back-up) everything  Provide both positive and negative feedback  Be sure to involve all relevant stakeholders prior to decisions  Know your team 18
  • 19. PM lessons from ASU nanoscience Ph.D.  Take a macroscopic perspective first (as in root-cause failure analysis), to avoid wasting resources  Use PM tools like a Fishbone (Ishikawa) Diagram  Then, what are your top 5 explanations?  What data is needed to (in)validate those explanations?  Large teams are tough to pull off  Establish procedures  Divide into groups of no more than 12  Clearly identify and assign roles  People get pissed when there’s a mistake (50/50)  “Coming from grad school, ownership is important”  At Intel, EVERYTHING has an owner:  Tool  Document  Code  Process  Ownership ensures someone identifies and resolves a potential problem before it becomes one.  Find out where to place project buffers (click here) 19
  • 20. Project Management Institute (PMI)  Research: dollars lost to poor project management  2012: $120M for every US$1B spent on projects  2013: $135M for every US$1B spent on projects (due to increased % of projects not meeting goals)  Education  PMBOK  www.pmi.org  Certification: PMP, CAPM…  Training, lectures, seminars, networking  www.phx-pmi.org 20
  • 21. Questions? Project Processes  Initiating  Planning  Executing  Monitoring & Controlling  Closing 21

Editor's Notes

  1. Me: Project Engineering at First Solar. SEEC PSM, advisor Jeff Luth asked me to speak. PMP. Project Management, in various forms, has been in existence for 1000s of years, but really gained momentum in the 70 years. The growing magnitude of projects in the latter half of the 20th century created a need for a disciplined approach to the way we work on projects. In its report on Post War National Development, approved for publication in 1944, the Institution of Civil Engineers of Great Britain recognized the need for a systematic approach to planning public works projects. It pointed, “In order to carry out work efficiently, it is essential that a scheme of operations be first decided by those directly responsible for the execution.” The report continued, “With such planning, the work can be broken down into a series of operations and an orderly sequence (or program) of execution evolved...Without a systems approach the execution can only be HAPHAZARD and DISORDERLY...” And, 70 years later, organizations around the world are increasingly implementing project management to help them execute business strategy. Not all projects are wonders of humankind. My project experience is in publishing – as a managing editor– and in renewable energy development.
  2. Formalized, through the PMI. Scope may be referred to as “deliverables”, the end result of the project that will be turned over to a customer/client/department.
  3. So a project team often includes people who don’t usually work together – sometimes from different organizations and across multiple geographies. All successfully accomplished by effective Proj. Mgmt.
  4. PMI definition. Focus is on “management”: management of people, of resources, of time, of money, of quality, of scope, of risk, of change (which, during a project, you don’t want)... Knowledge: experience, foresight, procedures Skills: procedures, preparations for changes Techniques: communication, analysis, documentation Across the entire lifecycle of a project.
  5. Finally, compliance w/regulations and sign-off; lessons learned. Purple should also be “planning”. Everything is planning/preventative maintenance/proactive resolution.
  6. “If you fail to plan, you plan to fail” Ben Franklin, Winston Churchill
  7. 6/7/2014
  8. http://users.business.uconn.edu/bday/PMDay2.ppt
  9. Where the Apollo Program is often hailed as one of PM’s greatest triumphs, the Big Dig is quintessential textbook example of Project Mismanagement.
  10. http://users.business.uconn.edu/bday/
  11. 6/7/2014
  12. WBS – a hierarchical decomposition of the total scope of work. Used to calculate cost. Baseline used during M&C to measure progress/velocity: earned value (EV) / actual cost (AC) = cost perf index (CPI), and EV / planned value (PV) = sched perf index (SPI). Ratios tells us how well we’re progressing. Stakeholders: all affected by a decision. Ex. Customer wants exactly the same product, except 1 part different. Changes structural/electrical/construction/scheduling/training/warranties/O&M/budget  CHANGE REQUEST Critical path (p.177) is not a path per se, but a duration to complete activities: the shortest duration possible to complete all the tasks of a project.
  13. To understand, just look at the top-middle box (duration) of each activity A through D. The duration of C is 5 days longer than that of B, so B has 5 days of “float”, in which it can start/finish without affecting the critical path (the time to project completion) of 30 days. Path A-C-D is thus critical path.
  14. PM should spend far more time preventing problems than dealing with them. Expected Monetary Value (EMV) analysis (PMBOK p339)
  15. To understand, follow lines and white boxes from left to right, then follow shaded gray boxes back from right to left, for each path. All other things equal, “upgrade plant” is a lower monetary risk (higher EMV) than “build new plant”.
  16. PM is communicating 90% of the time
  17. He wanted to let you guys know that semiconductor theory is likely NOT what you’ll be doing, but you won’t know what you WILL be doing beforehand. And, that models are trivial because, “there’s rarely anything you will encounter that hasn’t been encountered before.” Seasoned employees are familiar with all relevant issues.
  18. Maricopa Workforce Connection