Project Life Cycle Project Management Fundamentals The Five Project Phases Monitoring & Controlling Planning Executing Initiating Closing... Scope Management Time Management Cost M
Trang 1Project Management
Fundamentals
Trang 2Project Management Institute
Project Management Fundamentals
PMI is an aggregation of best practices from thousands of professional project managers
Principles in this training are based on PMI methodologies, there are other methodologies
Organizations typically use these
as a basis for developing custom project management processes
For PMPs, this course counts towards PDUs
Trang 3GW MS in Project Management
Project Management Fundamentals
Trang 4– Project Lifecycle Phases – Project Management Functions
3 Project Participants
– Project Stakeholders – Project Sponsor & Owner – Project Manager
– Project Team
4 Basic Project Tools
– Project Charter – Project Management Plan – WBS / Schedule
– Action / Risk / Change Tracking
– Document Management
Trang 5Project Issues
Project Management Fundamentals
Trang 6Project Characteristics
Project Management Fundamentals
Trang 7Definition of a Project
Project Management Fundamentals
Project - A temporary endeavor undertaken to
Temporary / Not Ongoing
- Definite beginning and end
- Does not mean a short duration
- Does not necessarily apply to product, service, or result created by a project
Unique
- Outcome is a unique deliverable
- Could come in the form of either products, services or results
Trang 8Projects vs Operations
Project Management Fundamentals
The primary differences are…
Purpose of the project is to attain its
objective and ends
Purpose of an ongoing operation is to
sustain the business
Ends with transition to operations Only ends with product, process or
service no longer needed Project team comes together at
beginning and disbands at end Team continues to perform tasks
Both Projects and Operations are…
• Performed by teams of people
• Achieved by means of work
• Constrained by limited resources
• Planned, executed, and controlled
Trang 9Key Elements of Project Management
Project Management Fundamentals
Constraints
Trang 10At the start of the project:
• The level of uncertainty is highest
• Stakeholders’ influence is highest
• Risk of failing to achieve the objectives is greatest
Effect of Stakeholders & Changes
Project Management Fundamentals
Towards the end of the project:
• Cost of changes increases
• Stakeholder influence decreases
• Risk of failing to achieve objectives is reduced
Stakeholder Influence
Cost of Changes
High
Low
Trang 11Project Life Cycle
Project Management Fundamentals
The Five Project Phases
Monitoring & Controlling
Planning
Executing Initiating
Closing
Trang 12Project Management Functions
Project Management Fundamentals
PMI refers to these as Knowledge Areas
These are the actual functions performed within the life cycle phases
Scope Management
Time Management Cost Management Quality Management
HR Management Communications Mgt Risk Management Procurement Mgt Project Integration
Trang 13Monitoring & Controlling
Planning
Executing Initiating
Closing
Project Life Cycle
Project Management Fundamentals
Bridge Team Reunion
Discuss and list examples of where these processes were used in the bridge project
What additional activities could have been performed?
Trang 14Project Participants
Project Management Fundamentals
Trang 15Project Stakeholders
Project Management Fundamentals
Customers / Users Operations
Functional Managers
Vendors
Project Team
Project Sponsors
Business Partners
People or groups positively or negatively affected
by the project outcome
Project Stakeholder
Trang 16Project Owner Executive Sponsor
• Accountable owner of the project objectives and outcome
• Provides funding and resources for the project, including the PM
• Manages the overall timeline (at a high-level) and key deliverables
• Provides regular decision making and direction for the project
• Approves key deliverables and artifacts
Project Sponsors / Owners
Project Management Fundamentals
Champions, charters and funds the project, fosters cross-organizational support, manages escalations, makes key decisions and provides overall direction
Project Sponsor
In Finance, this is divided into two roles…
• Champions the project at the executive level
• Provides approval for the initiating group to fund the project
• Fosters support amongst other participating organizations
• Manages very high-level direction and escalations
• Approves phase and project completions
Trang 17Project Manager
Project Management Fundamentals
Accountable manager of the project, including planning, leading, managing, monitoring, escalating and communicating project status, issues and tasks
Integration
Quality
Project Manager
Trang 18Project Team
Project Management Fundamentals
Team members who carry out the work, including the project manager, project management team and team members with specific expertise to carry out the work
Project Team
Project Leads
~Own deliverables from their areas~
Project managers do not have to be the SMEs for a project to be successful
Temporary Reporting Matrix Project Management Team
~Coordinate, administer and monitor the project~
Trang 19Basic Project Tools
Project Management Fundamentals
Trang 20Project Charter
Project Management Fundamentals
Authorizes the project
Defines high-level scope, exclusions, objectives, milestones
Prepared by project owner
Approved by executive sponsor
Trang 21Business Requirements
Project Management Fundamentals
Defines the “what” for the solution to be delivered
Breaks overall scope into specific actionable deliverables
Allows the team to develop specifications for development of product, process or service
Provides traceability of project team activities to project scope
Prepared by project team in collaboration with customer / users
Approved by project owner
Trang 22Project Management Plan
Project Management Fundamentals
Establishes the plan for project planning, execution, monitoring and closing
Includes all subsidiary plans
Defines the project phases and deliverables
Establish clear project roles and responsibilities
Prepared by project manager
Approved by functional & project managers
Trang 23Work Breakdown Structure
Project Management Fundamentals
Breaks deliverables into manageable work packages
Critical to the ability to determine resources needed, effort levels & cost
Stakeholder Communications WBS1
Posters WBS 1.1
Postcards / Mailings WBS 1.2
Email WBS1.3
Initial announcement email WBS 1.3.1
First reminder email WBS1.3.2
Last reminder email WBS 1.3.3
Meetings / Seminars WBS 1.4
Website Development WBS2
Graphics Design WBS2.1
Work Package Level
Control Account Level
Planning Package Level
“Software Implementation Project”
Trang 24Project Schedule
Project Management Fundamentals
Sequences and defines detailed project tasks
Monitors status of project against milestones / baselines
Guides project team in daily work activities
Identifies task and external dependencies
Identifies critical path and areas of required escalation
Manages resource usage
Trang 25Action, Risk & Change Tracking
Project Management Fundamentals
Log and track all actions and issues being worked on by the project team – ensure accountability
Identify, log and monitor all risks to the project – a continual process
Log and manage all formal Change Requests – any request to modify the
To Do List
Trang 26Documentation Management
Project Management Fundamentals
RASI / RACI Matrix – Responsible, Approve, Support/Consult, Inform
Clearly communicates documentation anticipated as part of project
Clearly communicates roles required to complete documentation