Project Management

Naveed Ahmad

Project Management
A Managerial Approach
Chapter 1

What is Project?
 Chapter Objectives

 Project Definition
 Understanding project
 Program, Project, Task, Work package
 Triple Constraints
 Project Life Cycle
 Definition of Project
“A temporary endeavor undertaken to create a
unique product or service”.
Or
A project is a sequence of unique, complex,
and connected activities having one goal or
purpose and that must be completed by a
specific time, within budget, and according to
specification.
 Characteristic of Project
Temporary Endeavor
Unique Product/service
Sequence Activities
Unique Activities
Complex Activities
Connected Activities
One Goal
Specific Time
Within Budget
According to specification
Project Management Definition

Project Management is the application of

knowledge, skills, tools, and techniques to
project activities to meet project
requirements.
Program, Project, Task, Work Package
Must make a distinction between terms:
Program: A group of similar projects oriented toward a
specific goal.

Project: A temporary endeavor undertaken to create a

unique product or service

Task: A subset of a project, consisting of work

packages.

Work Packages: A sub element of a task at the lowest

level in the Work Breakdown Structure,
used to assign costs and values.
 Triple Constraints
The key attributes that must be handled effectively for
successful completion and closure of any project.

Time: This refers to the actual time required to produce a

deliverable. That in this case, would be the end result of
the project.

Cost: This is the estimation of the amount of money that

will be required to complete the project. Cost itself
encompasses various things, such as: resources, labor rates
for contractors, risk estimates, bills of materials, etc.
 Cont.…

Scope: Scope is a statement that defines the boundaries

of the project. It tells not only what will be done but also
what will not be done.
Project Management Triangle

Co
e
m

st
Ti

Scope
 Project Life Cycle
A standard project typically has the following four major
phases: initiation, planning, implementation, and
closure.
collectively these project phases are known as the
project life cycle. Initiation

Closure Planning

Implementation
 Project Life Cycle

Initiation Phase: During the first of these phases, the

initiation phase, the project objective or need is
identified; this can be a business problem or opportunity.

Planning Phase: In this step, the team identifies all of

the work to be done. A project plan or work breakdown
structure is created outlining the activities, tasks,
dependencies, and timeframes.
 Cont…

Implementation: During project implementation, people

are carrying out the tasks, and progress information is
being reported through regular team meetings.

Closure: During the final closure, or completion phase,

the emphasis is on releasing the final deliverables to the
customer, handing over project documentation to the
business, terminating supplier contracts, releasing project
resources, and communicating the closure of the project
to all stakeholders.
 Cont…

The project is born (its start-up phase) and a manager is

selected, the project team and initial resources are
assembled, and the work program is organized.

Then work gets under way and momentum quickly builds.

Progress is made.

This continues until the end is in sight

Cont…
Questions
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