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Mastering Project Management - A Comprehensive Overview

Explore the fundamental definitions, processes, and success factors of project management. Learn how to initiate, plan, execute, control, and close projects successfully. Discover the key elements of tasks, resources, and time management for project success.

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Mastering Project Management - A Comprehensive Overview

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  1. Project Management - ime380 Dr. Michael Featherstone

  2. DEFINITIONS – a Project • A project may be defined as… • A temporary endeavor undertaken to create a unique product or service. • they are finite • they have a defined beginning and ending • Think about which of these projects? • A wedding event • Building a website • Writing a Masters Thesis • Building a house • A new product launch • Managing an assembly line operation • Designing a new automobile • Creating a video

  3. DEFINITIONS – Project Management • Project Management • The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. • A wedding • Building a website • Writing a Masters Thesis • Building a house • Launching a new product or promotion • Designing a new automobile • Creating a video

  4. DEFINITIONS • Project Management’s FIVE processes • The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. • Initiating a project • Planning the project • Executing the project/plan • Controlling execution of the project/plan • Closing the project

  5. DEFINITIONS • Project Management’s THREE elements • The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. • Tasks • Resources • Time

  6. DEFINITIONS • Project Management success factors • The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. • On time delivery • Within budget delivery • High quality delivery

  7. This Concludes Today’s Presentation Thank you for your attention

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