Project Management Essentials

Project Management

Risk Management

• Identify, assess, and prioritize potential risks that could impact the project
• Develop strategies to mitigate or manage risks
• Monitor and review risks throughout the project lifecycle
• Key risk management techniques:
  • Risk assessment matrices
  • Decision trees
  • Sensitivity analysis
  • Expected monetary value (EMV) analysis

Project Planning

• Define project scope, goals, and deliverables
• Develop a detailed project schedule and timeline
• Establish project budget and resource allocation
• Identify and assign tasks and responsibilities to team members
• Key project planning tools:
  • Gantt charts
  • Work breakdown structures (WBS)
  • Project management software (e.g. Asana, Trello)

Resource Allocation

• Identify and allocate resources (e.g. personnel, equipment, materials) needed to complete project tasks
• Develop a resource allocation plan to ensure efficient use of resources
• Monitor and adjust resource allocation as needed
• Key resource allocation techniques:
  • Resource leveling
  • Resource smoothing
  • Resource allocation algorithms

Supply Chain Management

• Manage the flow of goods, services, and information from raw materials to end customers
• Identify and mitigate risks in the supply chain
• Develop strategies to improve supply chain efficiency and effectiveness
• Key supply chain management techniques:
  • Just-in-time (JIT) inventory management
  • Vendor-managed inventory (VMI)
  • Supply chain optimization algorithms

Process Optimization

• Analyze and improve project processes to increase efficiency and effectiveness
• Identify and eliminate waste and inefficiencies
• Implement lean principles and continuous improvement
• Key process optimization techniques:
  • Value stream mapping
  • Root cause analysis (RCA)
  • Kaizen events