Project_Management_Fundamentals_PMI.pptx

1. Project Management
Fundamentals
– MBA Fresher Training
– PMI Perspective

2. What is Project Management?
– Application of knowledge, skills, tools, and
techniques
– Goal: Deliver value and meet project objectives
– Projects are temporary, unique efforts

3. Project Lifecycle (PMI View)
– 1. Initiating – Define project & authorize start
– 2. Planning – Create roadmap to achieve goals
– 3. Executing – Coordinate people & resources
– 4. Monitoring & Controlling – Track progress,
manage changes
– 5. Closing – Finalize all activities

4. Triple Constraint (PMI)
– Scope – What the project will deliver
– Time – Schedule and deadlines
– Cost – Budget and financial resources
– Balance all three for project success

5. Milestones
– Key points or events in the project
– Represent progress, not work effort
– Used for tracking and management reporting
– Examples: Requirements sign-off, Prototype
completion

6. Project Manager Responsibilities
– Owns project objectives and outcomes
– Leads team, manages stakeholders
– Handles planning, risks, changes
– Accountable for scope, time, and cost

7. Project Coordinator
Responsibilities
– Supports project manager
– Schedules meetings, tracks tasks
– Handles documentation and communication
– Operational/administrative support role

8. PM vs Coordinator (PMI View)
– PM: Strategic leadership / Coordinator: Tactical
execution
– PM: Decision making & risk mgmt / Coordinator:
Reporting & support
– PM: Drives project outcomes / Coordinator:
Assists PM

9. Conclusion
– Understanding PMI fundamentals is crucial for
MBA freshers
– Strong foundation leads to effective project
execution
– Project success depends on balancing scope, time
& cost