The document outlines the fundamentals of project management, defining a project as a temporary endeavor to create unique outcomes and detailing the project management processes including initiation, planning, execution, monitoring, and closing. It emphasizes the importance of planning, stakeholder identification, and the development of a work breakdown structure (WBS) for effective project execution. Key outputs and activities involved in managing a project lifecycle are also highlighted.

1. Project Lifecycle

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. Project Organization

4. Project Cost & Staffing Level

5. Impact of variables

6. Project Management Processes
(Project Life Cycle)
Initiating Planning Executing
Monitoring
& Control
Closing
Authorize the
Work
Plan the Work Work the Plan Control the Plan End the Work
Define a new project
Identify stakeholders
Obtain Authorization
Develop an integrated
project management plan
Complete the work and
satisfy project objectives
Track and review project
progress and
performance; manage
variance and change
Finalize all activities and
formally close the project
or phase
•Project Charter
•Stakeholder Register
•Project Management
Plan
•Project Deliverables
•Work Performance
Data
•Change Requests
•Approved Change
Requests
•Updates to Project
Plan
•Verified Deliverables
•Cost & Schedule
Forecasts
•Final Product
•Closed Procurement
KeyOutputsActivities

7. Project Cycle

8. Initiation
Why • Goals
What • Scope
• Skills
Who • Team

9. Project Charter
Sample Project Charter

10. 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

11. Stakeholders
Interest
Influence

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

13. 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

14. WBS
Building a
House
Building
Walls &
Roof
Plumbing
Garden
Plantation
(sample)
WBS for TEL 1x330MW Power Plant Project
Master Project Schedule for TEL 1x330MW Power Plant Project

15. Execution
Monitoring &
Controlling Closing

17. Project Management KA

18. Project Management KA

19. Project Management KA