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Basics of Project Management Planning

Basics of Project Management Planning. 21 October 2010. Presented by: Denver Rangiah 012 315 5254 082 627 7256 denver.rangiah@treasury.gov.za. The Characteristics of Projects - The definition of a project.

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Basics of Project Management Planning

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  1. Basics of Project Management Planning 21 October 2010 Presented by: Denver Rangiah 012 315 5254 082 627 7256 denver.rangiah@treasury.gov.za

  2. The Characteristics of Projects- The definition of a project • “A project is any planned, temporary endeavour undertaken to create a unique product, service, or other complete and definite output (not outcome) within a limited time scale and budget. Projects normally require the mobilisation of resources from a number of different disciplines.” – Project Management page 3. • “A project is a temporary endeavour undertaken to create a unique product, service, or result.” – PMBOK

  3. The Time, Cost, and Quality balance(The Triple Constraint) Performance A sign in a remote vehicle spare parts store read: “You can have it FAST, You can have it CHEAP, You can have the BEST. Pick any two.” Quality Scope Triple Constraint Time Cost Question: What is more important in a project,Quality, Time or Cost? Answer: They are interdependent – Any compromise needs to accommodate the expectations of the stakeholders. *Project Management Principles and Practices, page 8.

  4. Cost of a Change increases over time Ability to influence Outcome decreases over time Project Life Figure 4.2, page 57 Project Life Figure 4.3, page 57 Reasons for Making Changes as Early as Possible

  5. WBS – Example Project Start new project Phase / Sub-project Task Activity

  6. RAM - Example

  7. Types of Risks to Project • Unreliable cost estimates • Unreliable time estimates • Loss of team members (staff) • Insufficiently skilled staff • Political instability • Government action / regulations • Changes in scope (scope creep) • Insufficient planning • Natural disasters

  8. Project managers Customer/Mgmt changes Technical issues Unrealistic plans Staffing problems Unable to detect problems early Senior managers Insufficient early planning Unrealistic plans Underestimate scope Customer/Mgmt changes Insufficient contingency planning Under resourcing Poor Project Control - Reasons Article, “Criteria for controlling projects according to plan,” Thamhain, H.J. and Wilemon, D.L.

  9. Project managers Customer/Mgmt changes Technical issues Unrealistic plans Staffing problems Unable to detect problems early Senior managers Insufficient early planning Unrealistic plans Underestimate scope Customer/Mgmt changes Insufficient contingency planning Under resourcing Poor Project Control - Reasons Article, “Criteria for controlling projects according to plan,” Thamhain, H.J. and Wilemon, D.L.

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