Professional Documents
Culture Documents
OF PROJECT
MANAGEMENT
LECTURE 1: INTRODUCTION
COURSE INSTRUCTOR
QURAT UL AIN KHAN
Introduction
2
Education
Masters in Project Management, Bahria University
Masters in Science , Physics Riphah International
Professional Experience
Academic Coordinator
Assistant Account Manager
Event Management and
Project Management
3
Contact Information
Communication Rules:
4
Ground Rules
5
What is a Project?
What is a Project?
Project Management
Application of scarce resources efficiently and effectively to achieve
objectives
What is Portfolio
Management?
A portfolio is a collection of projects or programs
and other work that are grouped together to
facilitate effective management of that work to
meet strategic business objectives.
The projects or programs in the portfolio may not
necessarily be interdependent or directly related.
Examples of Portfolio
Management
An infrastructure firm that has the strategic objective of
maximizing the return on its investments may have a
portfolio of:
Projects in oil & gas
Projects in power
Projects in water
Projects in roads
Projects in rail
Projects in airports
Program Management
PROJECTS OPERATIONS
Projects require Project Management Operations require Business Process
Management or Operations Management
Temporary Undertakings Permanent Endeavors
Temporary Assignments Ongoing nature of Operations
Produce Unique Outputs Produce Repetitive Outputs
Temporary Resourcing Permanent Resource Assignments
Execute according to Project Management Plan Execute as per standards (SOPs)
Developed for project life cycle Institutionalized in product life cycle.
INTRODUCTION
The Project Boundaries
Conceptual Discussion
What is a KNOWLEDGE AREA? (EXPERTISE)
Genericallythese are the aspects of the project
that PM must be aware of!
Addressingthese aspects will also determine
how the project will perform
Ifthese aspects are left unaddressed they may
pose a threat to the existence of a project and
hence can be regarded as constraints to the
project