ARC483 Project Management & Feasibility Studies

Introduction To Project Management

Rania El Tahan
Couse Outcomes

• Understand the Project Management Framework and its components

• Comprehend the difference between Knowledge Areas and Process Groups

• Understand the 10 Knowledge Areas and their application

• Apply knowledge learned from the course to case studies

• Feasibility study of the construction project

 Agenda

• Introduction to project management.

• Project management definition.
• The importance of project management.
• Relationship of project, program, portfolio, and operations management.
• Project management 10 knowledge areas.

Chapter 1:

• Project life cycle and organization

• Project life cycle
• Features and types of organizational structure
• Organizational systems
Project Definition:
A project is a set of tasks which must be completed in order to arrive at
a particular goal or outcome.

A complex, non routine, one-time effort limited by time, budget, resources,

and performance specifications designed to meet customer needs.

Major Characteristics of a Project

– Hasan established objective.
– Has a defined life span with a beginning and an end.
– Requires across-the-organizational participation.
– Has specific time, cost, and performance requirements.

Depending on the size and scope of the project, these tasks may be
simple or elaborate, but all projects can be broken down into objectives
and what needs to be done to achieve them
• A project is “a temporary endeavor undertaken to accomplish a
unique product or service”
(PMBOK® Guide 2000, p. 4)

• Attributes of projects
– unique purpose
– temporary
– require resources, often from various areas
– should have a primary sponsor and/or customer
– involve uncertainty
 Project management Definition:
The coordination of people, funds and resources, tasks, and approvals
required to accomplish an objective.

It includes developing project plans and providing oversight in their execution

to assure resources are used as planned, timelines are met, and the desired
outcomes are achieved.”

Project management is “the application of knowledge, skills, tools, and

techniques to project activities in order to meet project requirements” (PMI*,
Project Management Body of Knowledge (PMBOK® Guide), 2000, p. 6)

The art of organizing, leading, reporting and completing a project through

people .

The project management team is responsible for determining what ideas and
practices are appropriate for any given project
Project Management Definition:
The Importance Of Project Management

Projects are a keyway to create value and benefits in organization

• Project management is the application of knowledge, skills, tools, and

techniques to project activities to meet the project requirements.

• Project management is accomplished through the appropriate

application and integration of the project management processes
identified for the project.

• Project management enables organizations to execute projects

effectively and efficiently.
Benefits of an Integrative Approach to Project Management

Integration (or centralization) of project management provides senior

management with:

– An overview of all project management activities

– A big picture of how organizational resources are used

– A risk assessment of their portfolio of projects

– A rough metric of the firm’s improvement in managing projects

relative to others in the industry.

– Linkages of senior management with actual project execution

management
Relationship Of Project, Program, Portfolio, And
Operations Management
Relationship Of Project, Program, Portfolio, And
Operations Management

• Program Management
A program is defined as a group of related projects, managed in a coordinated way
to obtain benefits not available from managing them individually.

• Portfolio Management
A portfolio refers to projects, programs, subsidiary portfolios, and operations
managed as a group to achieve strategic objectives.
PROJECT MANAGEMENT 10 KNOWLEDGE AREAS