Project management involves applying skills and techniques to meet stakeholder needs and expectations on temporary endeavors to create unique products or services. It balances project scope, cost, time and quality. Projects have a definite beginning and end, cease when objectives are met, and the team disbands upon completion. The product or service is different from others. Project management follows a typical life cycle of defining and organizing the project, planning it, executing and controlling it, and closing it out.

2. Benefits of Planning

3. Project-PMBOK® Definition
Project – A temporary endeavor undertaken to
create a unique product or service
How Temporary?
Has a definite beginning and end, not an on-going effort
Ceases when objectives have been attained
Team is disbanded upon project completion
Unique?
Product characteristics are progressively elaborated
The product or service is different in some way from other
product or services

4. Triple Constraint Theorem
Balancing SCOPE, COST
and TIME within the
Time frame work of
QUALITY, meeting
customer expectations
Quality
Scope Cost
Harold Kerzner

5. What is Project Management?
The application of knowledge, skills, tools, and
techniques to project activities in order to meet or
exceed stakeholder needs and expectations
Stakeholder
Individuals and organizations involved in or
affected by the project outcome

6. Process Interaction

7. Typical Project Life Cycle

8. Related Endeavors
Program – Consists of a group of projects
supporting broad, general goals and
managed in a coordinated way
Subprojects – Components of a project
that are often contracted out

9. Define & Organize the Project
Define & Organize Execute & Control
Plan the Project Close Out
the Project the Project
Establish the Collect Status
Develop WBS
Project Project Archive
Organization
Develop the
Analyze Variance
Schedule
Define the Project Formal
Parameters Acceptance
Refine Est. & Plan & Take
Resource Req. Adaptive Action
Define the Project
Develop Risk Report Project Lessons Learned
Framework
Management Plan Status

10. Thank you