Professional Documents
Culture Documents
2020
Project management Cycle-
focal area of this course
The course aims to provide knowledge and skill to
prepare for implementation, initiate the
implementation,monitor and close the project
activities leading to successful completion as per
the project management plan
Total class hrs 45(including exam)
Course will be complete in 12 weeks
The course contents are more inclined towards
business projects
Assessment Plan
a. Class tests , quizzes, 10 Mark
b. Home assignments 15 Mark
c. Presentation 10 Mark
d. Class participation 15 Mark
e. Mid term 20 Mark
Subtotal internal 70 Mark
Final examination 30 Mark
This course has no prescribed text book..! Only Reference books
This course has no standard terminology.
Project charter is ready
Strategic,Financial and risk analysis is ready
Project plan documents are ready like
-Scope baseline including WBS is ready
-Schedule base line or time schedule is ready
-Cost baseline or budget is prepared and approved
-etc
REQUIREMENT AND EXPECTATIONS
Preparation of subsidiary plans
Organize and initiate the execution
Monitor, control and close
Project Management Knowledge
areas(PMBOK)
a. Project Integration Management
b. Project Scope management
c.Project Time management
d.Project Cost Management
e.Project Quality management
f.Project HRM
g.Project Comm Management
h.Project Risk management
Project management approaches
• Strategic mgmt. approach- projects are part of
strategic implementation
• Project Integration management approach –
Integration of various activities in the
management process
Three layers of integration
Integration between strategy formulation
and project formulation
Integration between technical and
administration function inside project
Integration between project and outer
environment
• Core competency approach:
Project management can be developed as core
competency of the organization
• Emergence of Agile frame work:
Project Mgmt approach where requirements
and solutions evolve through collaboration
between self-organizing cross-functional
teams and project client.
• What is OPM framework ?
• OPM is Organizational Project Management
Elements of OPM process
INPUTS:
VISION
Strategic-goal,
Strength and
result and
weakness
Benefit
STRATEGIES
Elements of OPM process
Core Enabling
Process:
Strategic
INPUTS:
Alignment Design and
VISION Strategic
analysis activation of
MISSION result and
Project mgmt. active
STRATEGIES Benefit
Methodology portfolio
Governance
Competency
management
OPM integration framework
Organizational
Strategies
Organizational Business
Project Project
mgmt. OO
Management Mgmt
Practices Practices
Organizational Project
Management(OPM)
• OPM is a strategy execution framework
utilizing program and projects, as well as
enabling practices to implement the strategy
• Programs/projects are successful - means
strategy implementation is on the track
• Projects are regarded as tools of strategy
implementation
Emerging project management
approaches and their focus
• Strategic management approach
FOCUS ON ORGANIZATIONAL STRATEGY
• Core competency approach
FOCUS ON LEARNING CULTURE
• Project Integration management approach
FOCUS ON INTEGRATION and
Finally-OPM Frame work
Success Factors in OPM
• Sustained leadership
• Continuous improvement
• Change Management
• Let us not forget-
Projects are different but not separate from the
main organization
Project management
Relationship between general management and project
management
Board
CEO Project
manager
There are project strategies
Before going into formulating the implementation
plan the project management team has to refer to
the project strategies recommended in project
charter or if not has to think and formulate the
strategies if required
Different layers of Strategy
Corporate
Business
Functional
Different project activities
Kusom has acquired a project to train and evaluate
about sixty employees in NTC within three months
time with a proposed revenue of Nrs 10,00,000
Kusom students are involved in a three months
village project as a part of new directive by the
government
Kusom is reviewing a proposal to upgrade the current
network system(est 30 days)
Kusom is conducting a three month study to launch a
new course Msc operation management on trial
basis
Type of business projects
Revenue projects for short term revenue from
external clients
Change projects for the benefit of its own parent
organization- the organization itself is the client
Maintenance projects
Strategic projects
Mandatory projects
CSR Projects
Types of Project in Short
Client based /Revenue
Change Projects:
-Strategic and operational(OR MAINTENANCE)
Functional strategies in projects(examples)
Operational strategy
Performance Vs Conformance strategies
Approaches of setting the target(operational
Strategy)
There are two approaches of setting the project
target
IN REVENUE PROJECT:
a.Conformance approach
b.Performance approach
Conformance Approach
The project managers set the goals as per
minimum specific requirement of time , cost and
quality set in the standard
Performance approach
Moving one step further if project managers set
their goals to higher quality of service at less
time and less cost than specified in standard it is
called performance approach
Combination: The combination of performance
and conformance
Different Operational approaches
Many managers make mistake while selecting the
prformance or conformance approach
Many managers loose sight of the organizational
strategy while chosing the right approach for
setting the project goal
Revenue earning projects
Low cost
production
Quick and best
delivery service
Revenue earning projects
Organizational change projects are equally
important because they have far reaching impact in
strategy implementation
The failure of one revenue earning project will incur
the loss of say Rs one million but failure of change
projects will hamper the implementation of the
entire organizational strategy
How do we set the operational target in Change
Project
Mandatory
Operational
Strategic
How do we set the operational strategy in Change
Project
Mandatory P P P
Operational P P P
Strategic P P P
How do we set the operational strategy in Change
Project
Any other reasons apart from strategy:-
- To improve the image of the organization
- To acquire more projects in the future
- To test own ability
- To accommodate more project
Customer service and operational strategy
Performance and conformance approaches give
direction to the standard of operation keeping in
mind the standard of project’s customer service
Operational strategy and customer service are
linked
Time Cost Quality
C C C
C C P
P C C
P C P
P P C
C P P
P P P INCREASED
CUSTOMER
Service
Current paradigm of customer
service
The concept of customer service applies in Project
management
Timely service and standard quality is the basic
customer service
Current paradigm of customer
service
BUT..
Timely service and standard quality is the basic
customer service that does not indicate the
customer satisfaction
Basic service and satisfaction are two different
layers
Basic Customer Service: standard time, quality
reliabilty,consistency
Added dimension of customer service….
Customer satisfaction is the demonstration of
service beyond the commitment
Customer satisfaction = basic + certain value
added service
The dimension of customer service does not end at
customer satisfaction
The dimension of Customer service moves to
Customer Success, ie the customer becomes a
valuable customer such that their success will be
an important variable of your own success
Dimension of customer service
CUSTOMER CUSTOMER
BASIC SERVICE
SATISFACTION SUCCESS
This concept applies in project management with
customers – mainly revenue or client based
projects
That is ….the stage comes when project team has
to value the customers success as the projects own
success
Functional strategies in projects(examples)
Operational strategy
Performance Vs Conformance strategies
Financial Strategy
High vs Low debt financing strategies
HR strategy
Regular vs Contract employees
Marketing Strategies
Push vs Pull
Financial strategy
Strategic
Revenue
HR Strategy
Fulltime recruitment vs Contract recruitment
(Use of internals vs Use of externals)
Marketing strategy
Revenue based project
External customer
Strategic/Change project
Internal customer
Why marketing
Revenue based project
External customer
Strategic project
Internal customer
Marketing strategy-Push vs Pull
Relevance of Push and Pull in projects ?
Is push relevant in projects ?
Push has no relevance in project management
Pull is more relevant in projects
Two types of pull can be required:
Pull in the market
Pull within the organization
Why pull in market?
Is there any need of marketing in a Rev project
once it has started ?
You have a project means you have customer
Your project can enhance your image , can make
the client come again ..
So successful projects create pull in the market
So some elements of marketing mix are required
Pull within organization
Which elements are required for pull?
Product
Place
Promotion
Price
So choose the marketing mix strategy