CHAPTER 1 (PROJECT MANAGEMENT CONCEPTS) Project Definition A project is an endeavor to accomplish a specific objective through a unique set of interrelated

d tasks and the effective utilization of resources. Attribute Of a Project Has a well-defined objective Expected result or product Defined in terms of scope, schedule & cost Work scope will be accomplished in a quality manner and to customer s satisfaction Composed of a series of interdependent tasks number of repetitive tasks need to be accomplished in a certain sequence Utilizes various resources people, organization, equipment, materials and facilities Has a specific time frame Start time and date by which the objective must be accomplished Unique Never been attempted before Require customization Has a customer Entity that provides funds to accomplish the project Individual, organization, group of two or more people Involves a degree of uncertainty Will influence the development of project budget, schedule and work scope Constraints 1. Scope (project scope or work scope) Work that must be done in order to satisfy the customer that the deliverables meet the requirements or acceptance criteria agreed upon at the onset of project. Deliverables: tangible product or items to be provided 2. Cost Amount of the customer has agreed to pay for acceptable project deliverables Includes an estimate of the costs associated with various resources will be used to accomplished the project. Example : salaries, materials and supplies, rental etc 3. Schedule Must be complete within budget by a certain time to the customer s satisfaction Important to develop a plan before the start of the project Require good planning and communication to prevent any problems from occurred 4. Customer satisfaction To make sure the customer is satisfied

Require ongoing communication with the customer to keep customer informed and to determine whether expectations have changed The Project Life Cycle Projects are born when a need is identified by the customer. Project life cycles vary in length, from a few weeks to several years. Not all projects formally go through all four phases of the project life cycle. 1. Phases of the Project Life Cycle 1 The first phase involves the identification of a need, problem, or opportunity. The need and requirements are usually written by the customer into a document called a request for proposal (RFP). 2. Phases of the Project Life Cycle 2 The second phase is the development of a proposed solution to the need or problem. This phase results in the submission of a proposal. The customer and the winning contractor negotiate and sign a contract (agreement). 3. Phases of the Project Life Cycle 3 The third phase is performing the project. Different types of resources are utilized Results in the accomplishment of the project objective 4. Phases of the Project Life Cycle 4 The final phase is terminating the project. Perform close-out activities Evaluate performance Invite customer feedback Benefits of Project Management Satisfied customers Additional business Expansion of career opportunities Satisfaction of being on a winning team Improved knowledge and skills When projects are successful, everybody WINS.

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