A project is a temporary endeavor undertaken to create a unique product, service or result. It has established objectives, a defined life span with a beginning and end, involves several departments and professionals, and is usually doing something that has never been done before with specific time, cost, and performance requirements. A project manager is responsible for planning, scheduling, motivating and controlling the temporary and non-repetitive activities of a project to meet its objectives and ensure its successful completion. Effective modern project management takes an integrative approach to select, prioritize, and implement projects that support organizational strategy and mission.

1. MODERN PROJECT MANAGEMENT

2. All of mankind's greatest accomplishments –from building the great pyramids to discovering a cure for
polio to putting man on the moon –began as a project.
What is a Project?

3. The major characteristics of a project are as follows:
1. An established objective.
2. A defined life span with a beginning and an end.
3. Usually, the involvement of several departments and professionals.
4. Typically, doing something that has never been done before.
5. Specific time, cost, and performance requirements.
What is a Project?

4. Comparison of Routine Work with Projects
What is a Project?

5. What is a Project?
A project, then, is a temporary endeavor undertaken to create a unique
product or service. It is specific, timely, usually multidisciplinary, always
conflict ridden.
Project are parts of overall programs and may be broken down into
tasks, subtasks, and further if desired.
According to the Project Management Institute,
A project is a temporary endeavor undertaken to create a
unique product, service or result.

6. The Project Life Cycle

7. Plan, schedule, motivate and control temporary and non-repetitive
activities
The Project Manager
Includes decision making that will meet the challenges of the project life
cycle
Must oversee the project’s operation upon completion
Provides direction, coordination, and integration to the project team
including suppliers, subcontractors, vendors
Ultimately responsible for performance and must orchestrate the
completion of the project by getting the right people, time and decisions
Accomplishment of projects brings about joy and pride
Good project managers are always in demand because of their
challenging yet exciting tasks

8. The Importance of Project Management
Compression of the Product Life Cycle
Knowledge Explosion
Triple Bottom Line (planet, people, profit)
Corporate Downsizing
Increased Customer Focus
Small Projects Represent Big Problems
The Project Manager

9. * Integration of Projects with
Organizational Strategy * Integration of Projects
through
Portfolio Management
- Oversee project selection
- Monitor aggregate resource levels
and skills
- Encourage use of best practices.
- Balance projects in order to represent
a risk level appropriate to the
organization.
- Improve communication among all
stakeholders.
- Create total organization perspective
that goes beyond silo thinking.
- Improve the overall management of
projects over time.
* Integration of the Processes
of Implementing Actual
Projects
Project Management Today – An Integrative Approach

10. Effective project management begins with selecting and prioritizing
projects that support the firms mission and strategy. Successful
implementation requires both technical and social skills. Project
managers have to plan and budget projects as well as orchestrate the
contributions of others.
Summary

11. Thank you!