What is a Project?

PMBoK 6 th Edition says:

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

• Component or end item itself

• Capability to perform a service
• A result such as outcome or document
 What is Project..
• A unique product that can be either a component of
another item, an enhancement or correction to an item, or
a new end item in itself
• A unique service or a capability to perform a service (e.g.,
a business function that supports production or
distribution);
• A unique result, such as an outcome or document (e.g., a
research project that develops knowledge that will benefit
society)
• A unique combination of one or more products, services,
or results e.g., a software application, its associated
documentation
 Why Projects?

To meet strategic business goals and objectives:

Strategic opportunity
Business needs
Customer request
Technological advance
Legal requirements
 Thinking Process
Examples of Project…
Pyramids of Giza,
Olympic games,
Great Wall of China,
Taj Mahal,
Publication of a children’s book,
Development of commercial jet airplanes,
Polio vaccine Project,
Human beings landing on the moon,
Commercial software applications,
What is Project Management?
 What is Project Management?
• It is the application of:
– Knowledge
– Skills
– Tools
– Techniques
• 10 Knowledge Areas
• 49 Processes
13
14
 Processes of Integration Management
• Develop Project Charter
• Develop Project Management Plan
• Direct and Manage Project work
• Change requests, deliverables
• Manage Project Knowledge (Team skills & Knowledge Mgt.)
• Lesson Learnt Register update
• Monitor & Control Project Work
• Process of tracking, reviewing and project progress vs plan
• Perform Integrated Change Control
• Close Project / Phase
 Relationship Between

• Project Management

• Program Management

• Portfolio Management
Organizational project management (OPM) is a strategy
execution framework utilizing portfolio, program, and project management. It
provides a framework that enables organizations to consistently deliver on
organizational strategy, producing better performance and better results.
Relationship between Portfolio, Program and Project
Management
 Examples of Program Management

• A new communication satellite system:

• Designing of a satellite and ground system
• Construction of a satellite and ground station
• Integration of the system
• Launching of the satellite
 Examples of Portfolio Management

• Programs & Projects in oil & gas sector

• Programs & Projects in power generation
• Programs & Projects in water development
• Programs & Projects in Transport System
• Program & Projects in Educational Sector
 What is PMO?
Project Management Office
Functions of PMO
 PMO

• The PMO is an organizational structure

• PMO is about managing and controlling
projects in all phases of the project lifecycle
• This department centralizes the management
of projects.
• All projects, or projects of a certain size,
type, or influence can be managed by PMO
How SWOT can affect Project Management
How SWOT can affect Project Management
 Thank you,

Any Questions?