Project management fundamentals

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Fundamentals of Project Management

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Project management fundamentals

  1. 1. Benefits of Planning
  2. 2. Project-PMBOK® Definition Project – A temporary endeavor undertaken to create a unique product or serviceHow Temporary? Has a definite beginning and end, not an on-going effort Ceases when objectives have been attained Team is disbanded upon project completionUnique? Product characteristics are progressively elaborated The product or service is different in some way from other product or services
  3. 3. Triple Constraint Theorem Balancing SCOPE, COST and TIME within the Time frame work of QUALITY, meeting customer expectations Quality Scope Cost Harold Kerzner
  4. 4. What is Project Management?The application of knowledge, skills, tools, andtechniques to project activities in order to meet orexceed stakeholder needs and expectationsStakeholderIndividuals and organizations involved in oraffected by the project outcome
  5. 5. Process Interaction
  6. 6. Typical Project Life Cycle
  7. 7. Related Endeavors Program – Consists of a group of projects supporting broad, general goals and managed in a coordinated way Subprojects – Components of a project that are often contracted out
  8. 8. Define & Organize the ProjectDefine & Organize Execute & Control Plan the Project Close Out the Project the Project Establish the Collect Status Develop WBS Project Project Archive Organization Develop the Analyze Variance ScheduleDefine the Project Formal Parameters Acceptance Refine Est. & Plan & Take Resource Req. Adaptive ActionDefine the Project Develop Risk Report Project Lessons Learned Framework Management Plan Status
  9. 9. Thank you

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