APSTIPRINĀTS

Novikontas Jūras koledžas Padomes sēdē

ar 14.07.2015. prot. Nr. 3-1-1/2015/14

NOVIKONTAS MARITIME COLLEGE

Subject name: Project Management

Exercise number: Ex.1 Theory day 1

Teacher: Aksana Turava

Student: Artjoms Goļinskis
Date: 03/12/2023
 Day 1 Theory (PPT Day 1)
Part 1
1. Define a project: a special task with a clear goal, a starting point, an end, and
usually a set budget, which includes more than just money.
2. List phases of a project:
Stages of a project:

 Initialisation: This is where the project is initiated, and the need for it is
identified.
 Planning: A detailed plan is developed, outlining how the project will be
carried out.
 Doing the Work/realisation: The project plan is put into action during the
execution phase.
 Monitoring: Progress and performance are monitored to ensure everything is
on track.
 Finishing: The project is officially closed, and the outcomes are evaluated and
documented.

3. Define a project manager: a person who is responsible for planning,

organizing, leading and controlling the various aspects of project.

Part 2. Watch a video https://www.youtube.com/watch?v=BOU1YP5NZVA

Answer the questions below.
1. How is a project different from operations?
Projects are temporary endeavors designed to create unique outcomes. Once their
objectives are achieved, projects are considered closed. This is in contrast to
ongoing or repetitive operations.
2. Who is Jane, and what did she do?
Jane, an automobile designer, conceived a novel car design and proceeded to create
a prototype, exemplifying a project. Subsequently, she established a factory to
consistently manufacture cars, representing an ongoing operation.
3. Why do projects fail? (list the reasons)
 Ineffective Time Management: Projects may fail if there are issues with
scheduling and timely completion of tasks.
 Inadequate Cost Management: Failure to manage and control costs within the
budget can lead to project failure.
 Scope Management Challenges: Projects can face difficulties if there are
issues with defining, controlling, or managing the project scope.
 Quality Management Issues: Failure to maintain or achieve the required
quality standards can contribute to project failure.

4. What skills are required to be a good project manager?

 Leadership: Ability to inspire and guide the project team, making
decisions and taking responsibility for the project's success.
 Communication: communication skills are crucial for conveying
ideas, managing expectations, and keeping stakeholders informed.
 Organization: Effective project managers excel in organizing tasks,
resources, and timelines to ensure smooth project progression.
 Time Management: Efficiently allocating time and prioritizing tasks
to meet deadlines is vital for project success.
 Problem-Solving: Project managers need to be adept at identifying
and solving issues that arise during the project lifecycle.
 Risk Management: Skill in identifying potential risks and developing
strategies to mitigate them is crucial for minimizing project
disruptions.
 Adaptability: Being able to adapt to changing circumstances and
adjust project plans accordingly is important in dynamic
environments.
 Technical Proficiency: Depending on the nature of the project, having
a good understanding of relevant technical aspects is beneficial.
 Budgeting and Cost Management: Proficiency in managing project
budgets, allocating resources effectively, and controlling costs is
essential.
  Decision-Making: Project managers must make timely and informed
decisions to keep the project on track.

A successful project manager combines these skills to navigate the

complexities of project management and deliver results that meet or
exceed stakeholder expectations.