Engineering Management: Project Management Overview

Definition: The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.
Phases:
1. Initiation: Define the project and obtain authorization.
2. Planning: Establish the scope, objectives, and schedule; allocate resources and budget.
3. Execution: Implement project plans, manage teams, and allocate resources.
4. Monitoring and Controlling: Track, review, and regulate progress and performance; make necessary adjustments.
5. Closure: Finalize all activities, hand over deliverables, and assess project outcomes.
Key Tools:
- Gantt Charts: Visualize project timelines.
- PERT Charts: Analyze project tasks and timelines.
- Project Management Software: Tools like Trello, Asana, or Microsoft Project streamline tasks.
Success Factors:
- Clear objectives and scope.
- Effective communication.
- Strong stakeholder engagement.

Definition: The process of identifying, analyzing, and responding to project risks.
Steps:
1. Risk Identification: Determine potential risks that could affect project outcomes.
2. Risk Analysis: Evaluate the likelihood and impact of identified risks.
  - Qualitative Analysis: Prioritize risks based on severity.
  - Quantitative Analysis: Use statistical methods to assess risk impact.
3. Risk Response Planning: Develop strategies to mitigate, transfer, accept, or avoid risks.
4. Monitoring and Review: Continuously monitor risks throughout the project life cycle.
Types of Risks:
- Technical Risks: Failures in technology or methodologies.
- Managerial Risks: Issues related to project management or operations.
- External Risks: Factors outside of the project team, such as regulatory changes or market fluctuations.

Definition: The ability to guide, motivate, and manage a team to achieve engineering objectives.
Key Skills:
- Communication: Clear articulation of vision, goals, and expectations.
- Decision-Making: Ability to make informed choices quickly and effectively.
- Conflict Resolution: Skills to address and resolve disputes within teams.
Leadership Styles:
- Transformational Leadership: Inspires and motivates team members to innovate and exceed expectations.
- Transactional Leadership: Focuses on structured tasks and rewards/punishments based on performance.
- Servant Leadership: Prioritizes the needs of the team and encourages professional growth.
Importance of Leadership:
- Enhances team cohesion and morale.
- Drives project success through effective resource allocation and motivation.
- Encourages innovation and creativity within engineering teams.

Application of knowledge, skills, tools, and techniques to meet project requirements.
Phases of project management include initiation, planning, execution, monitoring and controlling, and closure.
Initiation: Define project and obtain authorization.
Planning: Establish scope, objectives, schedule, allocate resources and budget.
Execution: Implement plans, manage teams, and allocate resources.
Monitoring and Controlling: Track progress, review performance, make adjustments.
Closure: Finalize activities, hand over deliverables, assess outcomes.
Key tools include Gantt charts for visual timelines, PERT charts for task analysis, and project management software like Trello, Asana, or Microsoft Project.
Success factors include clear objectives and scope, effective communication, and strong stakeholder engagement.

Process of identifying, analyzing, and responding to project risks.
Steps include risk identification, analysis, response planning, and monitoring.
Risk Identification: Determine potential risks affecting project outcomes.
Risk Analysis: Evaluate likelihood and impact of identified risks.
- Qualitative Analysis: Prioritize risks based on severity.
- Quantitative Analysis: Use statistical methods for assessing risk impact.
Risk Response Planning: Strategies to mitigate, transfer, accept, or avoid risks.
Monitoring and Review: Ongoing monitoring of risks throughout the project life cycle.
Types of risks include technical risks (failures in technology/methodologies), managerial risks (issues in project management), and external risks (regulatory changes, market fluctuations).

Ability to guide, motivate, and manage teams to achieve engineering objectives.
Key skills involve communication, decision-making, and conflict resolution.
Leadership Styles:
- Transformational Leadership: Inspires innovation and exceeds expectations.
- Transactional Leadership: Structured tasks with rewards and punishments based on performance.
- Servant Leadership: Prioritizes team needs and encourages professional growth.
Importance of leadership includes enhancing team cohesion and morale, driving project success through effective resource management, and promoting innovation and creativity.