A project is progressively elaborated </li><ul><li>” Progressive elaboration” means developing in steps, and continuing by increments” </li></ul><li>A successful projects is one that meet its objectives </li></ul>
Projects vs Operations <ul><li>While projects are temporary and unique, operations are ongoing and repetitive.
The purpose of a project is to attain its objective and then terminate. Conversely, the objective of an ongoing operation is to sustain the business.
A project concludes when its specific objectives have been attained, while operations adopt a new set of objectives and the work continues. </li></ul>
Project Management Body of Knowledge <ul><li>The primary purpose of the PMBOK is to identify that subset of the Project Management Body of Knowledge that is generally recognized as good practice.
The PMBOK also provides and promotes a common lexicon for discussing, writing, and applying project management. Such a standard lexicon is an essential element of a profession.
The PMBOK is a very popular, but not the sole project management standard. </li></ul>
What is 'Good Practice'? <ul><li>'Good practice' means that there is general agreement that the correct application of these skills, tools, and techniques can enhance the chances of success over a wide range of different projects.
Good practice does not mean that the knowledge described should always be applied uniformly on all projects; the project management team is responsible for determining what is appropriate for any given project. </li></ul>
What the PMBOK Contains <ul><li>The knowledge of project management described in the PMBOK consists of: </li><ul><li>Project life cycle definition
The knowldge areas and the proccess groups form the core of the PMBOK </li></ul>
PMBOK Knowledge Areas <ul><li>Project Scope Management </li><ul><li>Involves defining and managing all the work required to successfully complete the project. </li></ul><li>Project Time Management </li><ul><li>Includes estimating how long it will take to complete the work, developing appropriate project schedules. </li></ul><li>Project Cost management </li><ul><li>Consists of preparing and managinh the budget for the project </li></ul></ul>
<ul><li>Project Quality Management </li><ul><li>Ensures that the project will satisfy the stated or implied needs for which it was undertaken </li></ul><li>Project Human Resource Management </li><ul><li>Concerned with making effective use of the people involved with the project. Leadership and motivation is included </li></ul><li>Project Communications Management </li><ul><li>Involves generating, collecting, disseminating, and storing project information </li></ul></ul>
<ul><li>Project Risk Management </li><ul><li>Involves identifying, analyzing, and responding to risks related to the project </li></ul><li>Project Procurement Management </li><ul><li>Involves acquiring or procuring goods and services that are needed for a project from outside the performing organization. </li></ul><li>Project Integration Management </li><ul><li>Is an overarching function that affects and is affected by all other knowledge areas </li></ul></ul>
Programs and Portfolios <ul><li>A program is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.
A portfolio is a collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives
The projects or programs in the portfolio may not necessarily be interdependent or directly related </li></ul>
Project Management Office <ul><li>A project management office (PMO) is an organizational unit to centralize and coordinate the management of projects under its domain.
A PMO oversees the management of projects, programs, or a combination of both.
The PMO focuses on the coordinated planning, prioritization and execution of projects and subprojects that are tied to the parent organization’s or client’s overall business objectives. </li></ul>
Key Features of PMO <ul><li>Shared and coordinated resources across all projects administered by the PMO
Identification and development of project management methodology, best practices, and standards
Clearinghouse and management for project policies, procedures, templates, and other shared documentation
Centralized configuration management for all projects administered by the PMO </li></ul>
<ul>What type of project manager do you want to be? </ul>