Project Management

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Date Submitted: 12/10/2010 10:43 AM

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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...