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Topic 1

Modern Project
Management

Instructor: Nguyen Thuy Trang

What is a project?

• A complex, nonroutine, one-time effort limited


by time, budget, resources, and performance
specifications designed to meet customer needs.

Instructor: Nguyen Thuy Trang 1


A project is a
temporary endeavor
undertaken to create
a unique product,
service or result.

(PMI, 2017)

Major characteristics

• An established objective
• A defined life span
• Requires across-the-organizational participation
• Involves doing something never been done before
• Has specific time, cost, and performance
requirements

Instructor: Nguyen Thuy Trang 2


What a project is not?

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Instructor: Nguyen Thuy Trang 4


Who is a Project Manager?

Marshals resources for Is linked directly to the Provides direction, Is responsible for
the project. customer interface. coordination, and performance and
integration to the success of the project.
project team.

Being a part of a project team

• Time/ stress management


• “Team culture”
• Competence in using project’s tools and
techniques
• Know how to deal with issues in a project
• Avoid scope creep
• Manage critical path
• Negotiate/ communicate

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Instructor: Nguyen Thuy Trang 5


Why is Project
Management so
important?
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Integrated Project Management Systems

• Problems resulting from the use of piecemeal project


management systems:
• Do not tie together the overall strategies of the firm.
• Fail to prioritize selection of projects by their importance of their
contribution to the firm.
• Are not integrated throughout the project life cycle.
• Do not match project planning and controls with organizational
culture to make appropriate adjustments in support of project
endeavors.

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Integrated
Management
of Projects

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Dimensions of
the Project
Management
Process

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