HomeRoots Pitch Deck | Investor Insights | April 2024
Project-Management-Principles 2.pptx
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Project Management
Principles
We will cover key principles like project documentation, risk management,
and change management.
by Shah Salleh
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What is Project
Management?
Project management involves planning, executing, monitoring, and
controlling a project to achieve its specific goals.
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Project Management Principles
1 Initiation
Defining the project scope,
objectives, and stakeholders.
2 Planning
Developing detailed plans with
resources, schedule, budget, and
risks.
3 Execution
Implementing the project plan to
produce deliverables.
4 Monitoring and Control
Tracking, reviewing, and reporting
project progress and
performance.
5 Closure
Finalizing and delivering project deliverables, evaluating project outcomes, and
releasing resources.
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Why Use Project
Management Principles?
Using these principles provides a clear and consistent framework for
managing projects, enhances efficiency and quality, among others.
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How to Apply Project
Management Principles
Fundamentally it involves conducting a feasibility study or a needs
assessment, creating a proposal, preparing a business case, they all help
deliver successful projects.
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Feasibility Study or Needs Assessment
Identify Problem
Identify the specific problem that
the project aims to address.
Gather Requirements
Gather functional, operational, and
technical requirements from
stakeholders.
Assess Feasibility
Assess the feasibility of the project
in terms of resources, technology,
market, and regulatory factors.
Define Scope
Define the project scope, goals, objectives, constraints, and assumptions.
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Business Case or Proposal
Benefits
What specific benefits will the project
provide?
Costs
What are the projected costs of the
project and how will they be funded?
Risks
What are the potential risks of the
project and how they will be managed?
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Project Charter or Terms of Reference
1
Objectives
Clarify the project goals and
outcomes.
2
Deliverables
Define the project outputs and
quality standards.
3
Stakeholders
Identify the project stakeholders
and their roles and responsibilities.
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Work Breakdown Structure or Logical
Framework
Plan Phases
• Initiation
• Planning
• Execution
• Monitoring and Control
• Closure
Components
• Project Scope
• Requirements
• Resources
• Schedule
• Budget
Activities
• Develop Project Schedule
• Conduct Risk Assessment
• Assign Roles and Responsibilities
• Define Work Breakdown Structure
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Project Plan or Work Plan
1 Resources
Specify the resources required
for each component or activity of
the project.
2 Schedule
Develop the project schedule for
each component or activity of the
project.
3 Budget
Create the budget for each
component or activity of the
project.
4 Quality Standards
Define the quality standards for each component or activity of the project.
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Implement the Project Plan or Work Plan
It involves diligent execution of the planned tasks and activities, prioritizing them and according to their sequence.
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Monitoring and Control
Progress and Performance
Track and measure project progress
and performance against its baseline
plan.
Implement Change
Update and execute the change
management plan where needed.
Address Risks
Monitor and assess risks, responding
quickly when a crisis occurs.
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Closure
1 Project Deliverables
Identify the project outputs
and deliverables and
deliver them to relevant
stakeholders.
2 Evaluation
Evaluate the project
outcomes, document
lessons learned, and share
best practices.
3 Release Resources
Return resources to the appropriate stakeholders and complete
the closure checklist.
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Case Study on Project
Management Principles
We will share a case study and discuss how project management
principles were applied to it.
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Group Discussion on
Project Management
Principles
Now let’s discuss the main challenges and best practices in applying
project management principles.
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Summary and Conclusion
We covered essential aspects of project management principles and how
they help you deliver a successful project, ensuring the appropriate
follow-through and collaboration among stakeholders.