A project is a temporary initiative aimed at creating a unique product, service, or result, while project management involves applying knowledge, skills, tools, and techniques to achieve project objectives. The document discusses the importance of organizing projects, balancing trade-offs, and engaging stakeholders throughout the project lifecycle, emphasizing the need for effective planning and risk management. It also outlines the creation of a work breakdown structure (WBS) to estimate costs and durations for project tasks.

1. Project Management

2. Project Management
What is Project?
 A project is a temporary endeavor
undertaken to create unique product,
service or result.
What is Project Management?
 Project management is the application of
knowledge, skills, tools and techniques
to project activities to meet the project
requirements.

3. Balance the Trade-off
Triple Constraints

4. Project Organization
 Functional
 Matrix
 Projectized
Weak
Balance
Strong

5. Project Organization

6. Project Cost & Staffing Level

7. Impact of variables

8. Project Phase

9. Project Cycle

10. Project Cycle

11. Project Management KA

12. Project Management KA

13. Project Management KA

14. Initiation

15. Charter

16. Stakeholders
WHO? Is paying for it
Is making profit of
it
Is using it
Is with/against it
Influences it
Will be promoted
Will be punished

17. Stakeholders
InterestInterest
InfluenceInfluence

18. Planning stage
“Man does not plan to fail, he
just fails to plan.”
Anonymous

19. Planning stage

20. Work Breakdown Structure
Work Breakdown Structure
(WBS)
 Hierarchical decomposition of the
total scope of project
Work Package
 Lowest level of WBS for each cost and
duration can be estimated Project
Plan
Resources
Schedule
Work
Breakdown
Structure

21. WBS(sample)

22. Execution

23. Monitoring & Controlling

24. Risk Management