Submitted by: Submitted by PRattan
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Category: Business and Industry
Date Submitted: 12/10/2010 10:43 AM
What is a Project?
A project is a temporary endeavor undertaken to produce a unique product or service
Temporary – Definitive beginning and end
Unique – New undertaking, unfamiliar ground
Project Success
Project Failure
What is Project Management
Project Management is the application of skills, knowledge, tools and techniques to meet the needs and expectations of stakeholders for a project.
The purpose of project management is prediction and prevention, NOT recognition and reaction
Triple Contraint
Triple Contraint
Increased Scope = increased time + increased cost
Tight Time = increased costs + reduced scope
Tight Budget = increased time + reduced scope.
Key Areas of Project Management
Scope Management
Issue Management
Cost Management
Quality Management
Communications Management
Risk Management
Change Control Management
Scope Management
Primarily it is the definition and control of what IS and IS NOT included in the project.
Issue Management
Issues are restraints to accomplishing the deliverables of the project.
Typically identified throughout the project and logged and tracked through resolution.
Cost Management
This process is required to ensure the project is completed within the approved budget and includes:
Quality Management
Quality Management is the process that insure the project will meet the needs
Communications Management
This process is necessary to ensure timely and appropriate generation, collection, dissemination, and storage of project information
Risk Management
Risk identification and mitigation strategy
Risk update and tracking
Change Control Management
Define how changes to the project scope will be executed
Project Life Cycle
Initiation Phase
Define the need
Return on Investment Analysis
Make or Buy Decision
Budget Development
Definition Phase
Determine goals, scope and project constraints
Identify members and their roles
Define communication channels, methods, frequency...