Professional Documents
Culture Documents
MANAGEMENT
MODULE 1
FUNDAMENTALS OF
PROJECT MANAGEMENT
What is a Project?
• A project is a multitask job with
performance, cost, time, and scope
requirements and is done only one time.
• one-time job
• definite starting and ending time
• having a budget of costs
• clearly defined scope or magnitude of
work to be done
• specific performance requirements
Why Manage Projects?
• Need to optimize project resources
• Need to maintain times and schedules
• Manage increased complexity of the
business
• Need to have a competitive advantage
• time-based and cost-based competition -
get the product or service to market faster
than anyone else – at least cost
Project Failures
The Standish Group has found:
• Only 17 percent of all US software projects
meet the original performance, cost, time,
and scope (PCTS) targets
• 50 percent must have the targets
changed—as they are late and overspent
• 33 percent are actually canceled
amounting to a loss of $80 billion per year
on canceled projects – 1994 figures.
• In 2001, Loss is $140 billion on canceled
and over-budget projects each year.
Why Projects Fail?
• Project management is facilitating the
planning, scheduling, and controlling of
all activities that must be done to achieve
project objectives.
• These objectives include the PCTS targets
• Performance(P)
• Cost(C)
• Time(T)
• scope (S)
• we cannot control all four simultaneously!
Why Projects Fail?
• Client demands of a project to finish by a
certain time, within budget, and at a given
magnitude or scope, while achieving
specific performance levels.
• In other words, Dictating all four project
constraints does not work!
• We know that: C = f(P, T, S)
• The client can assign values to any three
variables, but the project manager must
determine the remaining one.
How project management
can help?
The project Manager cannot plan the project
for the team - attempts to do that result in
entire project plans falling apart!
The project manager should:
• Be an enabler
• Help team members completing work
• run interference for them
• get scarce resources that they need
• buffer them from disruptive forces
• Plan, Schedule, Control, and lead!
Project Management is Not
Just Scheduling
What needed is:
• Shared understanding of what the project
is supposed to accomplish
• Constructing a good Work Breakdown
Structure (WBS) to identify all the work
that is to be done.
Without project management, a detailed
schedule only allows one to document the
failures with great precision!
Steps in Managing a Project
• Define the Problem
• Develop Solution Options
• Plan the Project
• Execute the Plan
• Monitor & Control Progress
• Close Project
The Planning Step
Plan the Project
• What must be done?
• Who will do it?
• How will it be done?
• When must it be done?
• How much will it cost?
• What do we need to do it?
The Steps in Managing a
Project
Monitor & Control Progress
• Are we on target?
• If not, what must be done?
• Should the plan be changed?
Close Project
• What was done well?
• What should be improved?
• What else did we learn?
The Project Management
Body of Knowledge Areas
i) Project integration management
• ensures that the project is properly
planned, executed, and controlled -
includes the exercise of formal project
change control.
ii) Project scope management
• authorizing the job, developing scope
statement defining project boundaries,
subdividing the work, verifying the
achievement of the scope, implementing
scope change control procedures.
The Project Management
Body of Knowledge Areas
iii) Project time management
• developing a schedule that can be met,
then controlling work to ensure that it is!
PROJECT
PLANNING
PROJECT PLANNING
• Project Plans
• State Plans
• Detailed Plans
• Individual Work Plans
• Exception Plans
The Project Manager
• Special skill sets required
• Leadership
• Communication Capability
• Problem Solving Capability
• Negotiating Capability
• Influencing the Organization
• Mentoring
• Process and technical expertise
The Project Management
Process
• 9 Knowledge areas:-
PERT/CPM
Project Definition
• A "Project" is a set of unique activities ending
with specific accomplishment having non-
routine tasks, distinct start/finish dates, and
resource constraints (time, money, people).
• Tasks have start and end points, have a
duration, and are significant (not "going to
library", but rather, "search literature")
• Milestones are checkpoints for a project -
used to catch scheduling problems early.
• Work breakdown structure (WBS) is a
categorized list of tasks with an estimate of
resources required to complete the task.
Project Network Diagram
2. Analyse 2 5. Constraints
4 wks 1 wk
4. Database
4 wks
5
1
1. Find Needs
3
3 wks
Dummy
0 wk
4
3. Define
3 wks
Case Study: A Project
Management Example
Activity Activity name Time Precedence
-
1. Find information needs 3 weeks
-
2. Analyse store operations 4 weeks
3. Define subsystems 3 weeks 1
4. Develop database 4 weeks 1
5. Identify constraints 1 week 2
6. Develop programs 10 weeks 3,4,5
7. Write manual 10 weeks 2
8. Integration and test 3 weeks 6
9. Implementation 2 weeks 7,8
Project Network Diagram
2
7. Manual
10 wks
2. Analyse
4 wks
5. Constraints
7
1 wk 9. Implement
2 wks
6. Program
8
4. Database 10 wks
1 5
4 wks
8. Int. & Test
3 wks
3
1. Find Needs
3 wks Dummy 6
0 wk
3. Define
3 wks
4
Project Network Diagram
Define Subsystems
4 4w
7/7/03 8/1/03
Integration and Test
7 10w 9 2w
7/14/03 9/19/03 11/3/03 11/14/03
Early and Late Schedule
Activity Activity Name Activity Early Early Late Late
No. duration Start Finish Start Finish
(ES)wks (EF)wks (LS) (LF)
wks wks
1. Find information 3 weeks 0 3 0 3
needs
2. Analyse store 4 weeks 0 4 2 6
operations
3. Define 3 weeks 3 6 4 7
subsystems
4. Develop database 4 weeks 3 7 3 7
5. Identify 1 week 4 5 6 7
constraints
6. Develop programs 10 weeks 7 17 7 17