Mashal University

Project Management
By
Mohammad Ashraf Khan
 Week 1

Introduction To Project Management

 Topics
• Definition of project.
• Characteristics of project.
• Kinds of project.
• Project parameters.
• Definition of project management.
 Objectives
• To know the origin and history of project management.
• To know the difference between project, operation, program and portfolio.
 Project Definition
- A plan, a statement
 Project Definition
1. A temporary endeavor undertaken to achieve unique product, service, or result
(PMBOK Guide)
2. Project is a series of activities or task that:
• Have a specific objective to be completed
• Have funding limits
• Consume human and nonhuman resources
• Are multifunctional (i.e., cut across several functional lines)
Kerzner
 Characteristics of Project
1. Temporary
2. Unique Deliverables
3. Bound with uncertainty
4. Have definable purpose
5. Cross-functional
6. Bound with Unfamiliarity
 Types of Projects
No Types of projects Examples
1. Administrative installing a new accounting system
2. Construction a building or road
3. Computer Software Development a new computer program
4. Design of Plans architectural or engineering plans
5. Equipment or System Installation a telephone system or IT system
6. Event or Relocation Olympiads or a move into a new building
7. Maintenance of Process Industries petro-chemical plant or electric generating station
8. New Product Development a new drug or aerospace/defense product
9. Research a feasibility study or investigating a chemical
10 Other …….
 Project Management
1. Project management is the application of knowledge, skills, tools, and
techniques to project activities to meet the project requirements
(PMBOK Guide)
2. Project management is the practice of initiating, planning, executing,
controlling, and closing the work of a team to achieve specific goals and
meet specific success criteria at the specified time (Wikipedia)
 The Triple Constraints
Projects are managed by balancing between the following six constraints
 Why Projects?
1. Rapid change in the business environment
2. Rapid change in technology
3. Lack of adaptability by the traditional organizational structure
 Where do projects come from?
Projects are initiated to:
• Meet regulatory, legal, or social requirements
• Satisfy stakeholder requests or needs;
• Implement or change business or technological strategies
• Create, improve, or fix products, processes, or services
 Projects Vs Programs Vs Portfolios
Program is group of inter-related managed together in order to obtain
benefits that are available in managing the projects individually
Portfolio refers to managing projects, programs, and operations managed as
a group to achieve strategic objectives
Operation is an organization’s continuous and repetitive work executed
based on pre-defined process
 Recap
• Definition of project.
• Characteristics of project.
• Kinds of project.
• Project parameters.
• Definition of project management.
• Why projects?
• Projects, programs, portfolio, operations