This presentation covers the two processes that fall under the Initiating Process Group
1. Develop Project charter
2. Identify Stakeholders
Additionally, it covers the ITTO of the processes
Chapter 07 of ICt Project Management based on IOE Engineering syllabus. This chapter covers the knowledge on development of project charters, direct and manage project execution, monitor and control project work and more.Provided by Project Management Sir of KU.
Chapter 07 of ICt Project Management based on IOE Engineering syllabus. This chapter covers the knowledge on development of project charters, direct and manage project execution, monitor and control project work and more.Provided by Project Management Sir of KU.
Chapter 04 of ICT Project Management based on IOE Engineering syllabus. This Chapter contains advantages of project management, characteristics of project life cycles, product life cycles and project life cycles, role and responsibilities of key product members and more. Provided By Project Management Sir of KU.
14. Developing Custom Processes For IT ProjectsBhuWan Khadka
Chapter 14 of ICT Project Management based on IOE Engineering syllabus. This chapter tell us about developing IT project management methodology, moving forward with customized management processes, code of ethics, future trends etc. Provided By Project Management Sir of KU.
Topics Covered in the presentation
1.What is a Project
2. How projects come into existence
3. Project selection Models, Methods and Techniques
4.ITTOs(Inputs-Tools and Techniques-Outputs)
5.Enterprise Environmental Factors
6..Organizational Process Assets
7. StakeHolders
8. Project Management LifgeCycle
9. Project Vs Product Lifecycle
10.Organizational Strucutures
11. PMO(Project Management Office)
12.Configuration and Change Management
UNIT IV
PROJECT MANAGEMENT AND CONTROL
Framework for Management and control – Collection of data Project termination – Visualizing progress – Cost monitoring – Earned Value Analysis- Project tracking – Change control- Software Configuration Management – Managing contracts – Contract Management.
Training Slides of PROJECT MANAGEMENT OFFICE (PMO) SETTING UP AND MANAGEMENT, discussing the importance of Project Management.
Some Key-Points:
- The Project Management Context
- Project Life Cycle
- Work Breakdown Structure
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
Chapter 04 of ICT Project Management based on IOE Engineering syllabus. This Chapter contains advantages of project management, characteristics of project life cycles, product life cycles and project life cycles, role and responsibilities of key product members and more. Provided By Project Management Sir of KU.
14. Developing Custom Processes For IT ProjectsBhuWan Khadka
Chapter 14 of ICT Project Management based on IOE Engineering syllabus. This chapter tell us about developing IT project management methodology, moving forward with customized management processes, code of ethics, future trends etc. Provided By Project Management Sir of KU.
Topics Covered in the presentation
1.What is a Project
2. How projects come into existence
3. Project selection Models, Methods and Techniques
4.ITTOs(Inputs-Tools and Techniques-Outputs)
5.Enterprise Environmental Factors
6..Organizational Process Assets
7. StakeHolders
8. Project Management LifgeCycle
9. Project Vs Product Lifecycle
10.Organizational Strucutures
11. PMO(Project Management Office)
12.Configuration and Change Management
UNIT IV
PROJECT MANAGEMENT AND CONTROL
Framework for Management and control – Collection of data Project termination – Visualizing progress – Cost monitoring – Earned Value Analysis- Project tracking – Change control- Software Configuration Management – Managing contracts – Contract Management.
Training Slides of PROJECT MANAGEMENT OFFICE (PMO) SETTING UP AND MANAGEMENT, discussing the importance of Project Management.
Some Key-Points:
- The Project Management Context
- Project Life Cycle
- Work Breakdown Structure
For further information regarding the course, please contact:
info@asia-masters.com
www.asia-masters.com
According to Project Management Institute (PMI), the Initiating Process Group is the first step to complete the five PMBOK's Project Management Process Groups. The Initiating Process Group consists of (Developing a Project Charter & Identify Stakeholders) those processes performed to define a new project or a new phase of an existing project by obtaining authorization to start the project or phase.
project selection
Non-numeric models
Sacred cow
Operating necessity
competitive necessity
Competitive Benefit model
non numeric models
Payback period
Net present value
scoring
Online PMP Training Material for PMP Exam - Integration Management Knowledge ...GlobalSkillup
Integration Management Knowledge Area in Project management defined by PMBOK 5th Edition by Project Management Institute (PMI). Provided by GlobalSkillup.com towards PMP Certification Exam.
5 fundamental Aspect of Effective Leadership
In the current VUCA business landscape, effective leadership is crucial for driving success and achieving organizational goals. It goes beyond simply managing tasks and people; it requires a deep understanding of oneself and others, as well as the ability to inspire, motivate, and build strong relationships
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This is an effective process where using the answers to 'what went wrong and why', the reasons for failure are groupded thematically, and prioritised.Once the reasons are prioritised, Identify mitigating actions. Based on the mitigation plam assign responsibilities and set timelines.
Using this approach helps in finding the risks early and put the mitigation plan to action from the start instead of doing failure based RCA as we encounter failures. What makes this technique even more attractive is the fact that it can be used mutliple times across the project phases to reprioritise the plan and change the course of action as deemed nexessary.
Professionally or personally there could be myriad reasons that requires change, Processes, tool, methodologies, technical skills that produced excellent results become obsolete in no time in VUCA world.
There are number of characteristics for a leader and boss which goes hand in hand. The leader is full of ideas, innovation and takes the organization towards future and advancement. Whereas, boss oversees performance and assures productivity. The leader defines vision and manager is in command of mission to approach that vision. The leader gives a solution while manager implements a strategy for it.
Leading teams can be daunting if you and team are not aligned to a common goal. Leadership style could be another challenge in leading highly performing teams.
Self-awareness about leadership styles could be a starting point towards your journey to becoming an effective leader, however leadership styles needs occasional adjustments to ensure it meets the need of the hour.
The Denison Model is a management tool to diagnose and build culture alignment.
Denison Model can help to understand the current state of the organization’s effectiveness and to propel it to the desired direction.
The Denison Model presents four key cultural traits and twelve related management practices. At its core, are the beliefs and assumptions? Blank segments on concentric circles will let professionals add trait scores based on assessments.
• Adaptability
• Mission
• Involvement
• Consistency.
We all have 9 Personality types within us, of which, One is the most “Dominant”
.This presentation details outs the 9 Personality traits, associated risks with each Personality types and tips to improve and control the dominant/non Dominant personality types
These 9 interconnected personalities are the reason of Who you are and Why you are that way
Design Thinking-Solution based approach to problem solvingPradeep Patel, PMP®
Design is not about how it looks rather it is more about how it works. How design thinking is applied to solve complex problems.
The presentation deep dives into the Design Thinking process, tool& Techniques, Visual thinking, 6 thinking hats and real world success stories and case studies of how Design thinking has helped broke startups to become Billion dollar Companies
Digital transfomation-it's not all about Digital TechnologiesPradeep Patel, PMP®
Digital Transformation is not just about digital Technologies.It's a gamut of technologies, processes, vision and mindset, which empowers enterprises to understand and serve customer needs in the ever growing Industry 4.0
From the the teams struggling with DevOps to experienced professionals trying to make a shift to DevOps, this presentation helps in how understanding how DevOps makes Deliveries faster and accurate
The Presentation is a part of Webinar held on 18-12-2011 and consists of the following topics:
1. PMP Quick Facts-What is PMP, PMI
2.How is Exam structurd and what are the associated expenses
3. What are Process Groups, Knowledge Areas and Processes
The Last Slide contains link to my site, where brief details about the topics mentioned in the presentation has been posted.
Personal Brand Statement:
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
2. Initiating: An Introduction
• Initiating is the first Process Group among the 5 Process groups
For details about Process Groups and Knowledge areas, visit the link below.
(http://www.slideshare.net/pradeeppatel05/pmp-an-introduction-10628767)
• This Process Group contains two processes
Develop Project Charter (in Integration Management Knowledge Area)
Identify StakeHolders (in Communications Management Knowledge Area)
This presentation will provide details about these two processes and additionally
throw some light on the sequence of events that leads to a project’s existence.
3. Project Selection Methods
• Not Every Project that Business Development team brings to the company
management, is selected for execution.
• Every Company has committee of experts, whose primary responsibility is to
apply predefined selection criteria and select projects best suited for the
company.
• Project selection methods can be grouped into two main categories
1. Benefit Measurement Methods
These methods use comparative approaches to compare the benefits obtained
from the prospective projects, that leads to the selection of the project with
the maximum benefits.
2. Constrianed Optimization Methods
These methods are based on complex mathematical models that use formulae and
algorithms to predict the success of a project(Don’t worry you don’t need to
perform these calculations for the exam)
4. Benefit Measurement Methods
• Scoring models: assign different weights to different criteria to represent the
varied degree of importance given to various criteria. All projects are evaluated
(scored) against this set of criteria, and the project with the maximum score is
selected. Selection is only as good as the criteria with larger weights.
• Benefit contributions: comparing the benefit contributions from different
projects. These contributions can be estimated by performing a cost benefit
analysis, which typically calculates the projected cost, revenue, and savings of
a project. This method favors the projects that create profit in the shortest
time and ignores the long-term benefits of projects that might not be tangible
at the current time, such as innovation and strategic values.
• Economic models. An economic model is used to estimate the economic
efficiency of a project, and it involves a set of calculations to provide overall
financial data about the project.
5. Benefit Measurement Methods- Explanation
• Benefit Cost Ratio (BCR).
This is the value obtained by dividing the benefit by the cost. The greater the
value, the more attractive the project is.
For example, if the projected cost of producing a product is $20,000, and you
expect to sell it for $60,000, then the BCR is equal to $60,000/$20,000, which
is equal to 3.
For the benefit to exceed cost, the BCR must be greater than 1.
• Cash flow. Whereas cash refers to money, cash flow refers to both the money
coming in and the money going out of an organization.
Positive cash flow means more money coming in than going out. Cash inflow is
benefit (income), and cash outflow is cost (expenses).
6. Benefit Measurement Methods- Explanation
• Internal Return Rate (IRR). It looks at the cost of the project as the capital investment and
translates the profit into the interest rate over the life of that investment.
Just understand that the greater the value for IRR, the more beneficial the project is.
• Present Value (PV) and Net Present Value (NPV).
The project is costing you today but will benefit you tomorrow. So, to make an accurate calculation for
the profit, the cost and benefits must be converted to the same point in time.
The NPV of a project is the present value of the future cash inflows (benefits) minus the present value
of the current and future cash outflows (cost).
For a project to be worthwhile economically, the NPV must be positive.
As an example, assume you invest $300,000 today to build a house, which will be completed and sold
after three years for $500,000. Also assume that real estate that is worth $400,000 today will be
worth $500,000 after three years. So the present value of the cash inflow on your house is
$400,000, and hence the NPV is the present value of the cash inflow minus the present value of the
cash outflow, which equals $400,000–$300,000, which equals $100,000.
7. Benefit Measurement Methods- Explanation
• Opportunity cost. This refers to selecting a project over another due to the scarcity of resources.
In other words, by spending this dollar on this project, you are passing on the opportunity to spend
this dollar on another project.
• Consider 2 project one worth $300,000 and Project B worth $ 500,000.If you choose Project B, the
opportunity cost is $300,000.
The smaller the opportunity cost, the better it is.
• Discounted Cash Flow (DCF). The discounted cash flow refers to the amount that someone is
willing to pay today in anticipation of receiving the cash flow in the future.
DCF is calculated by taking the amount that you anticipate receiving in the future and discounting
(converting) it back to today on the time scale.
This conversion factors in the interest rate and opportunity cost between now (when you are
spending cash) and the time when you will receive the cash back.
• Return on Investment (ROI). The ROI is the percentage profit from the project.
For example, if you spend $400,000 on the project, and the benefit for the first year
is $500,000, then ROI equals ($500,000–$400,000)/$400,000, which equals 25%.
8. Constrained Optimization Methods
• These models use the following kinds of algorithms:
• Linear
• Nonlinear
• Dynamic
• Integer
• Multiple objective programming
• I’ll not get into the details of these, as it involves a deep level of mathematical
know-how of these topics. The exam does not require you to go the details of
these as there are separate expert professionals who perform these activities.
• As a project management professional, you just need to be aware of the tools
and techniques that are employed in project selection.
.
9. Developing Project Charter Process
• This is the Process that results in the
development of Project charter, the document
that offically declares project’s beginning.
10. Develop Project Charter- Inputs
Statement of Work (SOW).
The statement of work describes the products or services that will be delivered by the
project. For an internal project the SOW is provided by the project initiator or the project
sponsor, whereas for an external project the SOW is received from the customer as part of
a bid document, such as a request for proposals, a request for bids, or a contract.
The SOW includes business needs that the project will satisfy, the product scope, and a
strategic plan..
Business case document contains details as to why the project was chosen to be
performed. This document contains cost benefit analysis and the project is selected on
the basis of Feasibility study, Need analysis, Preliminary Plan
Remember: The statement of work lists all of the deliverables that you and your team need to produce. Business case
helps give justification for the project.
Contract : Contract is the legal document containing the terms and conditions that both
the parties agree to abide by for the duration of the project.
Enterprise Environmental Factors and Organizational Process Assets have been dealt
separately in this presentation
(http://www.slideshare.net/pradeeppatel05/pmp-basics-you-need-to-know)
11. Develop Project Charter- Tools and Techniques
Expert Judgment:
• It is the only tools and techniques of the process. Expert judgement can be
obtained from any of the following sources
• Subject matter Experts.
• Advice from Peers.
• Self obtained experience in the area.
• Consulting OPA documents relate to the subject.
Many a times expert judgment is considered to be the self made decisions based on
the personal judgment. However personal judgment is clearly different from
expert judgment.
Heavy drinking on Friday evening causes Hangover next morning..is your personal
experience….Traffic cops handing you a challan for drunken driving..is Expert
judgement.
12. Develop Project Charter- Output(s)
Project Charter
It is the only output of the process and is a high-level document that summarizes the
business needs, the understanding of customer requirements, and how the new product
or service will satisfy these requirements.
To be specific, the project charter should include the following information.
• The project justification, which includes the purpose of the project and the business case
for the project, which in turn may include return on investment
• A project description that includes the business needs that the project addresses and the
high-level product requirements
• Project requirements based on the needs of the customer, the sponsor, and other
stakeholders
• A list of participating functional departments of the organization and their roles in the
project Organizational, environmental, and external assumptions and constraints
• A summary of the high-level schedule, including milestones.
• A budget summary.
• An assigned project manager, a specified authority level for that project manager, and
defined stakeholder influences.
13. Identifying Stakeholders Process
This process identifies the stakeholders that will participate in the Project. Stakeholder is any individual
who can impact the project positively or negatively.
(Please refer to my PMP-Basics you need to know presentation for details)
No two individuals are same. This is a universal fact, that applies to project management.
Every individual participating in the project is identified, categorized and appropriate strategies are
formulated to deal with the communication requirements of the stakeholder(s).All these details are
documented in Communications Management Plan, for which the outputs of this process serve as
critical inputs.
14. Identify Stakeholders-Inputs
Four major inputs to Identify Stakeholders Process are
• Project Charter
• Procurement documents
• Enterprise Environmental Factors
• Organizational Process Assets
( mindmap: PPOE)
This process takes project charter from Develop Project Charter processes( in
Integration management) and Procurements documents from the Procurement
management. Project charter helps in identifying the stakeholders as it contains
all the requirements of the business.
• Procurements documents (if present), will help in identifying the Third Party
Vendor, that need to be communicated in case there is some legal contract.
15. Identify Stakeholders-Tools and Techniques
There are two main TTs that are used in this process
• Stakeholders analysis
• Expert judgment
(MindMap: SE)
• During Stakeholder Analysis stakeholders are divided into groups based on their level of
involvement and need for communication. When information gathering about what
motivates all of stakeholders is complete , a strategy can be made to make sure that all
the stakeholders are told about the things that they find important.
Stakeholders Analyis is critical activity of creating Power/Interest Grid (Power/Influence
Grid, Influence/Impact Grid).This grid classifies the criticality of stakeholders, that helps in
creation of effective communication plan).
Expert Judgement is same discussed in the above slides
16. Power/Interest Grid
Keep Informed Closely Manage
(LI-HP) (HI-HP)
Power
No Worries Keep Informed(Satisfy queries)
(LI-LP) (HI-LP)
Interest
LI: Low Interest HI: High Interest LP: Low Power HP: High Power
When stakeholders are plotted on a Power/Interest Grid, who has high or low
power to affect your project and who has high or low interest can be easily
determined . People with high power need to be kept satisfied, while people with
high interest need to be kept informed. When a stakeholder has both, make sure
you manage their expectations very closely!
This Grid helps in development of Stakeholder management Strategy as
depicted in Four Quadrants
17. Identify Stakeholders-Output(s)
Stakeholders register and Stakeholder management strategy are the two main
outputs of this process.
Stakeholders Register Contains the details about all the identified stakeholders
that have been found in the process of stakeholders analysis.
It’s not enough to know who the project stakeholders are –understanding what
motivates them and what it will take it to make the project a success for each of
them is critical . That’s where the Stakeholder Management Strategy comes in.
Stakeholders Management Strategy makes sure everybody gets the right
message at the right time.
Once stakeholders’ concerns have been identified, headway for addressing them
can be started. That’s how a negative stakeholder can be turned into a project
advocate!
“Buy-in “means a stakeholder throws his support behind your project (he’s
“bought into” it).
18. Thank You!
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