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Project management Overview
www.optimumfx.com
What is a Project?
• Is there a set of tasks or activities with a start and end point?
• Are there well-defined objectives?
• Are specific resources needed?
= Project
• Aimed at achieving particular outcome, possibly with many
stages, often involving many resources, with an end point.
• Not ‘business as usual’ activities
What is Project Management?
A Project:
● Has a definite start and end date
● Brings about change
● Results in a unique outcome
P - purpose or goal
R - resources
O - objectives or stated
requirements
J - just in time
E - experienced people
C - constraints: time, resources,
and scope
T - temporary
“A project is a temporary endeavor undertaken to create a unique product, service, or
result.”
A Guide to the Project Management Body of Knowledge
Project Management is the “application of knowledge, skills, tools and techniques to
project activities to meet project requirements.”
A Guide to the Project Management Body of Knowledge
Project Management Matrix
Method Criteria Triggers/ Examples
Group Level Project
Management
Widest scope, impact
across diverse areas,
large no.
Stakeholders, med-
long term
Major global projects
- SAP implementation
Site Capital Projects Capital investment
required, site level
impact, medium term
Site CAPEX projects
- new equipment
CI Project
Management
Focused project,
team-driven, narrow
scope, typically short-
med term
Site/area/machine level
project initiation
- SMED
Level of
Focus
Level of
Detail
Required
Benefits of Structured Project Management
• Far easier to generate stake-holder buy-in to projects with firm set of
objectives, timings and milestones
• Able to manage expectations from the outset and clarify progress
towards goal
• Structured, effective communication framework, right information at
right level
• Effective planning and progress management tool

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Project management overview

  • 2. What is a Project? • Is there a set of tasks or activities with a start and end point? • Are there well-defined objectives? • Are specific resources needed? = Project • Aimed at achieving particular outcome, possibly with many stages, often involving many resources, with an end point. • Not ‘business as usual’ activities
  • 3. What is Project Management? A Project: ● Has a definite start and end date ● Brings about change ● Results in a unique outcome P - purpose or goal R - resources O - objectives or stated requirements J - just in time E - experienced people C - constraints: time, resources, and scope T - temporary “A project is a temporary endeavor undertaken to create a unique product, service, or result.” A Guide to the Project Management Body of Knowledge Project Management is the “application of knowledge, skills, tools and techniques to project activities to meet project requirements.” A Guide to the Project Management Body of Knowledge
  • 4. Project Management Matrix Method Criteria Triggers/ Examples Group Level Project Management Widest scope, impact across diverse areas, large no. Stakeholders, med- long term Major global projects - SAP implementation Site Capital Projects Capital investment required, site level impact, medium term Site CAPEX projects - new equipment CI Project Management Focused project, team-driven, narrow scope, typically short- med term Site/area/machine level project initiation - SMED Level of Focus Level of Detail Required
  • 5. Benefits of Structured Project Management • Far easier to generate stake-holder buy-in to projects with firm set of objectives, timings and milestones • Able to manage expectations from the outset and clarify progress towards goal • Structured, effective communication framework, right information at right level • Effective planning and progress management tool