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Explore the world of project management, a unique process of coordinated activities with specific objectives and constraints. Learn about the project lifecycle and the key elements of successful project management.
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Introduction Project Management
Projects A unique process, consisting of a set of coordinated and controlled activities with start and finish dates, undertaken to achieve an objective conforming to specific requirements including constraints of time, cost and resources. • unique • specific objectives (the project product) • constraints (especially: limited time frame)
Notes • Projects may form parts of a larger project • Project objectives and scope are updated and defined progressively as the project proceeds. • Project product: it is defined in the project scope. One or more units, tangible or intangible. • The project’s organisation is normally temporary. • Complexity and interactions among project activities.
Projects are connected to change management Usual business of the firm Projects Routines ®ular tasks Changes (uncertainty)
Common project elements • Product specification • Project plan • Time frame • Budget • Cost plan • Statemet of quality required • Identification of areas of uncertainty • Risk management: evaluation & responses
Collecting information • Real time • Facilities needed to analyse the collected data
Project management • Project management is the discipline of planning, organizing, and managing resources to bring about the successful completion of specific project goals and objectives. • It is possible (and sometimes very efficient) to manage non-project processes as projects.
The project cycle 4 phases: • Conception (definition) • Development (planning) • Realisation (implementation) • Termination (closing)
Conception phase • Idea of a new project • Internal • External • Desirability (Does it fit the strategy and the mission?) • Feasibility study (costs, resources, schedule) • Documentation: project (work) statement • End of phase: formal authorization
Conception phase:Feasibility study • Capability to deliver the project product in time • Final price of the product • Project budget • Specification of the product • Ability to support the capital outlay • Availability of the items and services needed • Acceptability of geographical and ecological • Acceptability of any further contract conditions
Development phase • Appointment of the project manager and the project management team. From now on the project manager is in control. • A first phase Project Management Plan (PMP). It contains all plans for the project, but it is continuously changing.
Realisation phase • Turning the plans into reality. • The project development and an appropriate reporting (monitoring) system are running simultaneously with the implementation process. A project log is needed.
The project termination • Closing the project and its activities • Knowledge management tasks: • Success of methods used • Project team performence • Reliability of suppliers • Disposing the residual capital and equipment.
Project management maturity • Project management development is an evolutionary process: every firm goes through nearly the same, step-by-step development process in their use of PM techniques. • Different organizations are on different levels of sophistication in their best practices for managing projects.