Professional Documents
Culture Documents
14
CAPM – CERTIFIED ASSOCIATE IN PROJECT
MANGEMENT
PMI IS AN ORANIZATION
OR
Functional
Matrix
Projectized
FUNCTIONAL ORANIZATION
A functional organization is one where all the staff is organized by their job or
function.
In the functional
organization the project
manager has no authority
because the functional
manager has it all.
ADVANTAGE of functional organization
Clear reporting relationships
Easier to manage
Homogeneous groups
Improves focus
The absolute middle in the linear continuum of structures is the balanced matrix
organization. The balanced matrix attempts to take the best of both the
functional and projectized organizational structures in equal proportions. The
key “tell” for recognizing a balanced matrix organization is the title of the
project leader, in this case called a project manager, and whom they report to.
In
a balanced matrix organization, the project manager reports to a functional
head.
The balanced matrix organization is the only one where a titled project manager
reports to a functional head. Balanced matrix structures pull resources from
BASIC OF PROJECT MANAGEMENT
project management is the management of a temporary endeavor undertaken to create a unique
product, service, or result.
PROJECT VS OPERATION
Characteristics of Project
Defined start and end dates
permanent
PROJECT INTEGRATION MANGEMENT
Project Manager
The key role of the project manger is to integrate various activities of the project
Project Team
There should be a formal process for selecting project to ensure that the
limited co-orporate resource
Project Process Selection Method
Present Value
Net present Value
Internal rate of return
Payback period
Benefit to cost Ratio
Return on investment
Opportunity cost
PRESENT VALUE
Internal Rate of Return (IRR) is the rate of discounting (used to reduce future cash
flows to their present value) at which the present value of cost match the present
value of benefits.
PAYBACK PERIOD
Payback period is the number of time periods it take to recover the investment from
the project before profits start accumulating
BENEFIT COST RATIO (BCR)
Benefit is compares the present value of benefits to the present value of costs.
A benefit cost ratio of more than I means that the benefits are greater than the costs.
RETURN ON INVESTEMENT(ROI)
Return on investment is rate of return on the project normalized by the initial investment
it indicates the profitability of the project
OPPORTUNITY COST
Opportunity cost is the cost related to the next best choice available to after choosing from
among several mutually exclusive choices.it is therefore the opportunity given up by selecting one
project over another
Project management process
Initiating process
Planning process
Executing process
Closing phase
PROJECT SCOPE MANGEMNET
Scope refers to all the work involved in creating the deliverables of the project and the
processes used to create them
Product Scope is the features and functions that characterized product services or result
Meeting
Reports
Analysis
Design Document
- Planning
- Define Tasks
- Sequence Tasks
- Estimate Task Duration
- Develop schedule
- Control Schedule
PROJECT SCHEDULING
SF – Start to Finish
FS – Finish to Start
SS- Start to Start
FF – Finish to Start
LEAD AND LAGS
- A lead is the amount of time a successor activity can be advanced with respect to a
Predecessor activity
- A lag is the amount of time a successor activity will be delayed with respect to a
predecessor activity
AN ACTIVITY
An activity is a scheduled phase in a project plan with a distinct beginning and end
TASK
Task is an activity that need to be accomplished within a defined period of time by a
deadline to work toward work related goals
In what type of organization is the project coordinator likely to be a part-time position with
almost no administrative support?
A. Balanced matrix
B. Weak matrix
C. Functional
D. Projectized