1.2 What is a Project? ‘Aprcect i tempecay endeavor undertaken to crate aunque prod, sere, oF rau. The terporay ature of projects ncaa hate project asa definite begining and end, The ed I reached when the poets ecies have been achive or when the poets teinatod because ts becves wil tor eanot be me, or wien he ned fr the poet no longer exits. project may also be terminate fhe cer (stm, Sposa, or champion wishes to tomiat the preec. Temporary des not necessary men the dation of th project ‘shot. reer to to proj engagement ents langeviy Temporary does not ypcaly appt the pocut, ‘erin oF rout rests byte projec; mos procs ae undertaken i cea lasing outcome Fo example a eto bu national manument wil creat a result expectod ola fx centres, Projets can also have sock, ‘econo, and ervoentalinact that a autive the projet theses. ‘rey project ereates aunque product, service, or result. The outcome of he projet maybe tangible oc nang. Although repetie ements may be preset in some pet deeraties and aces, hs repation ees not change the fundamental, unique characteris othe projet work. For ean, ofcsbulngs can be constructed wih th seme o iar mater an by the same or ofertas, Homer. each bling Poet remains unique wt ret oatn, erent design, ferent ccumstances an sitet ferent stakeold, ed soon, ‘An ongoing work eft is goer repetine process that fats an orgnizatons ening procedures. In conta becaico of tho unique ature of project, thre may be uncarainteso dferenes in he prods, Services or resus hat the reject creates. Project actiites canbe new to members ofa project eam, which ‘ay necesiate more dead planing thn othe routine work. nado, projets ae undertaken a all ‘cganizatone evel. A projet can ive asngl Indu or mlpe insula sng xpanzatoal unto ‘ull organization! unis om mule genio, ‘project can create ‘+ product hat canbe ether component of anthor tem, an enhancement ofan tom or an ed item inst * A serie o a capbiy to perm a service (eg, business function tat supports production stration * An improvement inthe esting produto service nes (2g, A Sx Sigma project undertaken to reduce etc: oF * Arent such as an euteare or eocument a reserch rect that develops knowledge that canbe seo determine whether a rend exists or naw res ilenet scl). 1 Pot pee a AG We Pre Aap Bf PB a) =F aor+= wrmopueTion xamples of recs nue, ut are noted + Devloing new produc, sevice, ores «+ fectinga change nthe structure, processes, tang, rs on ergerization: “+ Davloping or acquiring anew or madd infmation system (haroware or stare + canductig research fort whase otcomé wil be aly recoree + Canstucting a bung, insti plan ornate; oF + plementing, improving e enhancing esting busines processes and proedes 41.2.1. The Relationships Among Portfolios, Programs, and Projects “Toren among prt, programs. nd poets isch hat pro refers to. calecton of pret programs, subpools, nd operations managed as group to achieve sraegc objects. Progams.are greupee ‘thn pte end are comps of sutorearans, poets, o oer work hat are managed ia concnted tesion in eupporof the porttiIndviue rot ta reer within or cus of programe stead ‘at of apt, though he ples oc progr within he porto may nt necessary te tertpandent © ‘rect esa, hey are ink toe rganltns state lan by means of te crarizaon’s porto. [As Figure 1-1 iste, orgnizational satel and pioties are Inked and have eaten been ortone and programs, and between programs ani inva poets. Oranzational planing impacts ‘he press by means of prec protztlon based on rs, funding, end ter considerations rear t the traits satege pln Orarzaona planing can drect he menage ofrsources, and sport fhe ‘component projects on he basis of isk caegores, sect nes of busines, or genera types of poets, suchas inrastucre and proess improvement. “cars op rao le AC Pa aan Bt vee PRED Ci) te1 = maopucrion Succestl business value realization begins with comprehensive statogic planing and management ‘Organizational skatey can be expresses though the eegenzaton’s mission ant vison, ncldng cxietton to ‘mares, competion, and oer rvronmanta factors Etecv rgantataal talegy provides defnod actions for development and growth, nation to performance mais fr succes. n oder fo ridge the gap beeen panzatonl sategy and sucess business value realization, the use of parol, progam, and poet ‘management techniques is essetal Partfolo management algrs components (projets, programs, o operations tothe ocaizatona statey, ganze ina portals cr spots to optimize projector program objectives, dependencies, cits, tele, berets, rescures, and fk. This alow ergarizatos to have an overview of how te tateic goals ae retectdin te pct, itu appropriate governance manegeren and authorize hurr, nancial or matarl resources tobe allocated based on expected prormance end benef, sng pogran management, orgarizaton hve teat alan mule pret fr optimized orintegraad casts, schedule, for, and benef, Program management fcuses on project interdependencies and helps o ‘etre the optimal nprach fr manaping and realig the dsted benef ‘ith poet management, ergenizaions have te abity to appy knowledge, rocesses, sls, and tons end teahnques hat enhance th netiood of succes ove wie range of projects. Project management focuses on the succast! delivery of proauts, services of ess, Wii programs and ports, projec ae @ means of achieving organizational strateny an cjectes, Organizations can ute facia the alignment ofthese pot, grog nd project management actos by stenghering organizational enables such s struct, cultura, techolgicaané human esoure practices By coniumstyconducing pote svatenealgnment and optimization performing business impact arly, and developing robust orenzatonal erates organizations can achive sucestlranstons wtn te prt, gram, an peje dora anda elective investment managemat and buses va alan, 1.7 Role of the Project Manager ‘The project manage the person asignedby the performing organization od the team ats response foceohieung he project objectes The ee oa rojet manager snc rom afunctoral manager or operates ‘manage Typicaly tbe tunctoral manage is focused on proving management oversight for @functoral 8 busines unt and operations manages aerespnstle for ensuing that busines operations ae econRT 4 -wwrnopueTion ‘epaning on the ergarzaonal structure a project manager ay report aunctonal manage In choca, _aproect manager may be ane of several project managers who repat @ program or orto manager who is titataty repens for enterprie-wido projects nts typeof suc, ha projet manager works cealy wih ‘the prosram or potfoo manager io achiev the project objactes an to enue the project management plan sign wth the verarchra program pln. The project manager lo works cosy and in coloration wih ether ‘oles, sch as business analyst, quality assurance manager and tect mat expats 4.71 Responsibilities and Competencies of the Project Manager ‘n general project managers have the responsibilty to satsty the needs: tsk needs, team needs, and indvioual ees. As projet managements ctl strategic siping, the projet manager bezomes te nk between he svtegy andthe team, Poaceae essanal tothe grow ant survival of erganzatiors. Projects ‘reve Inthe form of improved busines proceses areindspensabl inthe development of new products ‘avd sence, and make easier for companies to respond to changes inte envanment, competion, ana ‘ne markspace. The pret manager’ role therfore becomes increasingly sven However, unerstandng and appjng the knowledge tos, nd tecniqus that re recognized as good practe are not suficient or ‘etectve projet management natn to any aea-sectc sklls and general management potencies ‘equ fre projec, ect project management requies thatthe project manager possess the flog competences: ‘+ Koowledge—efersto what te project manager knows about poet management. + Performance—Fefesto what he ret managers able door accomplish while paying his cher eject management krowetge. ‘+ Personals to how the proj manager beheves when performing the project or elated act, Prreonal effectiveness encompasses atitudes, cre personaly characteris, and ledersip wich proves ne ably o guide te poet tam while chewing projet obectves ane balancing the proet canals. 1.72 Interpersonal Skils ofa Project Manager Project managers acompish workhvougt te poet team and ote staked tect projet managers ‘eure a balence of eical,inlerpersoal and conceptual sil that hlp them anal stun ad intact sppepratey. Appendix x3 on Interpersonal Skits esciesimprtatntarpersonal sls Suh as: ‘a0 apart Ae te Pr genet Ba! Aone LBD GARD tor SESS SSCS SSS SSS SPSS SSS SSSS SSE SSE oewsesevseceenesvre+= wwrRopueTiOn Leader, + Team butdng, Notation, + Commuricaton, + lensing, * Decision making, + Pola and cute awareness, + Negatato, + Tustbudig, + -Conct management, and “Coaching 1.8 Project Management Body of Knowledge ‘Th PMBOK® Gude contains the standard for managing mos projec mast ofthe te acxoss many types ot Indust. The standard, ncued in Annex A, descr the project management processes used manage & project toward mar succast outcome. ‘Tis standard i unique to he project management ld anh inereatonstips tcther project management dsipines such as program maragement and potolo management. Project management standards do nt eddese ll etal of evry el, Tis standard is iii to India rejects an the project management processis tat are geeraly recognized as god practi. Other standart may be costed fc ational rfarmation onthe broaar cnt in wich poets re accom, sch 5: + The Standard for Program Managoment(]adtesss the management of proarems, +The Stand for Porto Managements] adresses te management patois, + rparizatonal Project Management Maturity Mode! (OPUS) (5] examines en enturpise’s projet management process cpabites. 18 ef013 page bata ABA ee Pe Hp Bt Arne LED