In this session you will learn:
1. Evolution of PM
2. PM History
3. About PMI
4. PMI's Membership
5. What is PMP?
6. PMP Exam
7. PMBOK
8. Project Management Pillars
9. Project Management
10. Portfolio Management
11. PMO's
12. Role of a PM
13. Skills of a PM
14. Project Life Cycle
15. Project Boundaries
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About PMI
• Non-for-profit Professional Association
• Started in 1969
• Over 400,000 members worldwide
• In more than 160 countries
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Portfolio Management
• A portfolio represents a collection of active programs,
projects and other that are grouped together to
facilitate effective management of that work to meet
strategic business objectives.
• Portfolio management, therefore, is the centralized
management of one or more portfolios in order to
achieve specific strategic business objectives.
• Focuses on ensuring that projects and programs are
reviewed to prioritize resource allocation, and that
the management of the portfolio is consistent with
and aligned to organizational strategies
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PMO Types
• There are Three types of PMOs that may exist in an organization:
1. Supportive PMO
2. ControllingPMO
3. Directive PMO
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Supportive PMO
• The most common type of PMO
• Its purpose is to empower project managers and teams to deliver
their projects more successfully
• It doesn't control or direct projects, instead it focuses on supporting
projects through training, mentoring, administration and reporting
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Controlling PMO
• Offers controlling services (such as project reviews, audits,
assessments and governance), in addition to the supporting services
to get project back on track
• Can influence project delivery
• It can also enforce standards, implement processes and manage
overall project risk
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Directive PMO
• This is the least common, but sometimes most effective type of PMO
• It offers directive services, where it does not just support and control
projects, but also responsible for actually running them
• Each of the Project Managers report to the PMO Director as their
supervisor. This helps to “corral” all of the project work within an
organization, to one department
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Role of a PM
• Knowledge- What the Project Manager knows about Project
Management.
• Performance- What the Project Manager is able to do or accomplish
while applying his/ her project management knowledge.
• Personal-How the Project Manager behaves when performing the
project or related work.
• Encompasses:
i. Attitude
ii. Core personality characteristics
iii. Leadership
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Project Life Cycle
• A collection of generally sequential and sometimes overlapping
project phases
• Phases name and number are determinedby:
1. Management
2. Nature of the project
3. Control requirements
4. Area of application
• Can be determined or shaped by the unique aspects of the
organization,
industry or technology
• Can be documented by a methodology
• Provides the basic framework for managing the project
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Topics to be covered in next session
•Project Life Cycle
•Effort spent in the Process Groups
•Cost & Staffing Level
•Project phases
•Time to Market Deliverables
•Stakeholders
•5 steps of Managing Stakeholders
•Organizational Influence
•Project Management Framework
•Chaos Report
•3 Projects for Project Failure
•Enterprise Environmental Factors
•Corporate Knowledge