Instructor: Mr. Mohamed Emam Date: 20/2/2024 1.What is project management? 1. Although there are a number of general definitions of the term project, we must recognize at the outset that projects are distinct from other organizational processes. As a rule, a process refers to ongoing, day to day activities in which an organization engages while producing goods or services. Processes use existing systems, properties, and capabilities in a continuous, fairly repetitive manner.5 Projects, on the other hand, take place outside the normal, process-oriented world of the firm. Certainly, in some organizations, such as construction, day to day processes center on the creation and development of projects. Nevertheless, for the majority of organizations, project management activities remain unique and separate from the manner in which more routine, process-driven work is performed. Project work is continuously evolving, establishes its own work rules, and is the antithesis of repetition in the workplace. As a result, it represents an exciting alternative to business as usual for many companies. The challenges are great, but so are the rewards of success.
Pinto, J. K. (2010). Project Management: Achieving competitive advantage.
Pearson Education.
2.why project management important?
2. David Cleland's insights into the importance of projects and project management in helping organizations achieve their strategic goals are indeed significant. Several key reasons underscore this crucial relationship, many of which stem from the challenges and pressures organizations encounter:
1. Complexity Management: Projects often involve multifaceted tasks,
stakeholders, and resources. Effective project management helps streamline and navigate this complexity, ensuring that goals are met efficiently despite the challenges.
2.Resource Optimization: Projects require careful allocation and utilization of
resources such as finances, manpower, and time. Project management ensures that these resources are optimized to achieve maximum output while minimizing waste. 3.Risk Mitigation: Projects inherently involve uncertainties and risks. Project management involves proactive identification, assessment, and mitigation of these risks, thereby safeguarding the organization's investments and strategic objectives. 4.Alignment with Strategic Objectives: Projects are often initiated to address specific strategic goals or objectives of the organization. Effective project management ensures that project activities and outcomes are aligned with these overarching strategic priorities. 5.Innovation and Adaptation: Projects serve as vehicles for innovation and adaptation within organizations. Project management frameworks facilitate experimentation, learning, and adaptation to changing circumstances, enabling organizations to stay competitive and relevant in dynamic environments. 6.Stakeholder Engagement: Projects involve various stakeholders with diverse interests and expectations. Project management emphasizes effective communication, collaboration, and engagement with stakeholders, fostering support and buy-in for project initiatives and organizational goals. 7.Performance Monitoring and Control: Project management involves systematic monitoring and control of project progress, performance, and outcomes. This enables timely identification of deviations from plans and facilitates corrective actions to ensure that projects stay on track towards achieving strategic objectives. 8.Organizational Learning and Improvement: Projects provide opportunities for organizational learning and improvement. Project management frameworks emphasize post-project reviews, knowledge sharing, and documentation of lessons learned, enabling organizations to continuously enhance their capabilities and processes. By addressing these challenges and leveraging the opportunities presented by projects, organizations can effectively translate their strategic visions into tangible results, driving growth, innovation, and competitive advantage. David Cleland's insights underscore the pivotal role of projects and project management in navigating the complexities of today's business landscape and achieving organizational success.
Pinto, J. K. (2010). Project Management: Achieving competitive advantage.
Pearson Education. 3.Difference between project and processes? Project: Take place outside the process world. Unique and separate from normal organization work. Continually evolving. Processes: Ongoing, day to day activities. Use evicting systems properties, and capacities. Typically, respective. Element of project Complex, one-time process Limited by bad get, schedule, and response. Developed to resolve a clear goal or sets goals Customer-focused Has three parameters cost, quality and schedule Process project Repeat process or product New process or product
Several objectives One objective
Ongoing One shot—limited life
People are homogenous More heterogeneous
Well-established systems in place to integrate efforts Systems must be created to integrate
Greater certainty of performance, cost, schedule efforts Greater uncertainty of
Part of line organization performance, cost, schedule
Bastions of established practice Outside of line organization
Supports status quo Violates established practice
4. the project cycle?
4. coactualization planning execution rumination. Conceptualization: the development of the initial goal and technical specifications. Planning: all detailed specifications, schedules, schematics, and plan sari developed Execution: the actual (work) of the project is performed Termination: project is trans ferry to the customer, resources reassigned, ProJet is closed out.