Project Management

Khawaja Fawad Latif

Objectives

 Understand What is Project  Understanding the Reasons for project failure  The Need for Project Management

What is a Project

A temporary endeavour undertaken to create a unique product or service, according to the Project Management Institute. Temporary  Temporary means that every project has a definite beginning and a definite end. Temporary does not necessarily mean short in duration; many projects last for several years.  The project team, as a working unit, seldom outlives the project a team created for the sole purpose of performing the project will perform that project, and then the team is disbanded and the team members reassigned when the project ends.

Continued

Unique Products, Services, or Results A project creates unique deliverables, which are products, services, or results. Projects can create:  A product or service that is unique  A result, such as outcomes or documents. For example, a research project develops knowledge that can be used to determine whether or not a trend is present or a new process will benefit society. Uniqueness is an important characteristic of project deliverables. For example, many thousands of office buildings have been developed, but each individual facility is unique different owner, different design, different location, different contractors, and so on. The presence of repetitive elements does not change the fundamental uniqueness of the project work.

What is Management

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises  Planning  Organizing  Staffing  leading or directing  Controlling an organization

What is Project Management

Project Management is the application of knowledge, skills, and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project. PMBOK

Why Project Fail

The following are reasons projects fail:  Initial cost and schedule estimates are not revised when more information becomes available as the project progresses.  Plans are not used correctly or used to guide the project forward.  Project managers are not trained to acquire the necessary skill base; subsequently, the same mistakes are made repeatedly.  The theory of project management is not put into practice. This point can be seen in the attitude of many managers who view theory as a waste of time yet time is found to repair errors later. Isn't that a sure sign of the wrong approach?  The project scope changes.  The incorrect project methodology is used.  Requirements have major changes.  Communications are poor.  Testing and/or inspections are poorly done.

Advantages of Project Management

Project management brings together many of the things that are needed to make endeavours like projects successful. But what do we mean by a successful project? A successful project is one that meets or exceeds the expectations of the stakeholders in the project. 1. Unity of Direction 2. Reliable Source of Information 3. Tested tools and techniques 4. The Triple Constraint (Scope, Budget and Time)

The Need to Study Project Management

Accidental Project Manager A person who is placed into the role of project manager by organizational necessity and chance, rather than by design or through choice of career path.

Project Manager

A project manager is the person responsible for accomplishing the stated project objectives. Key project management responsibilities include creating clear and attainable project objectives, building the project requirements, and managing the triple constraint for projects, which are cost, time, and scope.

The Role of Project Manager

Skills of a Project Manager

PMBOK

Project Life Cycle