Project management originated in the 1960s in industries like aerospace, construction, and defense. The Project Management Institute was founded in 1969 and has over 700,000 members worldwide. A project is a temporary group activity designed to produce a unique product or service. It has three main characteristics: temporary, unique, and progressively elaborated. Project management involves applying skills, tools, and techniques to meet project requirements while managing constraints like scope, quality, budget, schedule, resources, risk, and stakeholders. The PMBOK Guide provides a framework and standard for best practices in project management.

1. Project Management - Overview
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2. Project Management - Overview
The Project Management – The most recent history
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• In the 1960s project management began to be used in the aerospace,
construction and defense industries.
• The Project Management Institute was set up by people from these
industries and academia.
• It was founded in October 1969 at the Georgia Institute of Technology
as a nonprofit organization.

3. Project Management - Overview
About PMI
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• The Project Management Institute is one of the largest associations for
project management professionals.
• Its head quarter is placed in Newtown, PA.
• Its work for the profession assists more than 700,000 members.
• PMI has recruited volunteers to create industry standards, such as "A
Guide to the Project Management Body of Knowledge", which has
been recognized by the American National Standards Institute (ANSI).
• There are over 370,000 certified professionals worldwide.

4. Project Management - Overview
What is a Project?
Projects have three main characteristics:
• Temporary
• Unique
• Progressively elaborated
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It’s a temporary group activity designed to produce a unique product,
service or result.

5. Project Management - Overview
Progressive Elaboration
• Progressive elaboration - progressively details the elements of a project.
It can be compared to the Plan-Do-Check-Act cycle as defined by
Deming.
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6. Project Management - Overview
Project Management Success
Many organizations are adopting a wider view of project success to
include:
– Provide Value
– Ensure Quality
– Satisfy Requirements
– Meet Budget
– Meet Schedule
– Minimize Risk
– Satisfy Stakeholders
– Satisfy Team
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7. Project Management - Overview
Why do the projects fail?
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8. Project Management - Overview
What is Project Management?
• Project Management is “the application of knowledge, skills, tools,
and techniques to project activities in order to meet project
requirements.
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9. Project Management - Overview
Project Management is also:
Managing project constraints:
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10. Project Management - Overview
Project Management
The project manager should know:
• Project Management in general
• The Standard for Project Management (as depicted in the PMBOK
Guide)
• Specific project management knowledge and methodologies required
for the industry or organization that the PM is working in
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11. Project Management - Overview
• The project manager must possess a wide range of knowledge in order
to be successful. Some areas of knowledge that facilitate success
include:
– Project Management
– General Management
– Interpersonal Skills
Required Knowledge
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12. Project Management - Overview
General Management Knowledge:
The project manager should have knowledge of areas, such as:
•Finance
•Strategic Planning
•Organizing
•Human Resource Administration
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13. Project Management - Overview
Interpersonal Skills
The project manager must be able to manage people effectively using
interpersonal skills such as:
•Leadership
•Team building
•Motivation
•Communication
•Influencing
•Decision Making
•Political and cultural awareness
•Negotiation
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14. Project Management - Overview
Projects, Programs and Portfolios
Projects, Programs and Portfolios interact to manage the overall resource
use and work performance in the organization. In general:
•The Strategic vision of the organization creates the portfolio.
•Portfolios contain programs, project and other work.
•Programs are created to deliver benefits to the organization.
•Programs are multiple projects managed in a unified manner.
•Projects are authorized to deliver specific deliverables.
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15. Project Management - Overview
The PMBOK®
Guide Fifth Edition
• February of 2014.
• An ANSI standard.
• The processes depicted in the PMBOK
Guide are “generally recognized as the
best practices” for project management,
which create a framework for project
management.
• Provides a common vocabulary and
understanding about project management
– Section I: Project Management
Framework
– Section II: The Standard for Project
Management
– Section III: Project Management
Knowledge Areas
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16. Project Management - Overview
Project Management Knowledge Areas
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18. Project Management - Overview
Stakeholders
• A project stakeholder is anyone participating in the project, or anyone
whose interests may be affected by the project and project outcomes.
• Stakeholders can be internal or external
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19. Project Management - Overview
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20. Project Management - Overview
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