Professional Documents
Culture Documents
Unit - 1
What is Project?
specifications.
Project management is the application of the knowledge, skills, tools
A project is temporary.
• The operations period exploits the product, service, asset, or process. The period ends
with retirement or obsolescence. The operations period is benefit-driven. These benefits
—usage of assets and processes or generated revenues from products and services—are
offset against the cumulative ownership costs and ongoing operational costs.
PROJECT GOVERNANCE
• Project governance refers to the design and implementation of formal principles, structures, processes, and
communications that need to exist for a successful project program or portfolio of projects.
• Project governance is the framework within which decisions are made on projects
Project Governance:
• Establishes the relationships between all internal and external groups involved in the project
• Ensures that required approvals and direction for the project is obtained at each appropriate stage of the project
Concerns for Project Governance by Management
• The business case—by stating the business benefits to achieve and the objectives of the project,
specifying the in-scope and out- of scope elements
• Identified stakeholders—with an interest in the business case and the project
• The business-level requirements—as agreed by all stakeholders
• A stakeholder communication plan
• Agreement on the project deliverables—and a mechanism to assess the compliance of the completed
project to its original objectives
• An appointed project manager
• Clear project roles and responsibilities assignment—providing a basis for decision-making
• A published project development plan—updated throughout the project phases
• A clear set of processes—to manage risks, issues, scope changes, and quality
• A project review and progress-reporting process—including quality and documentation assessments
• A central repository for the project including a glossary of project terms
BUSINESS DRIVERS AND BUSINESS
NEEDS
• A business driver is the root cause or the rationale for developing a new
project. It explains why the project is needed and what expected solution
the project will deliver upon its successful completion. It also provides any
necessary background information about the business problems to be
solved or addressed.
1. Establishing the Business Needs and Initial Scope
The project must provide sufficient information about the viability of the
project’s business case and the feasibility of its proposed solution.
The process must consider the project’s fit with the organizational mission
and strategic plan.
6 Constraints of Projects
The Project Manager
• A boat without a skipper will navigate; however, it may never successfully reach its
destination.