Modern Project Management PDF

Because learning changes everything. ® Chapter One Modern Project Management © 2021 McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further distribution permitted without the prior written cons...

Because learning changes everything. ® Chapter One Modern Project Management © 2021 McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further distribution permitted without the prior written consent of McGraw-Hill Education.  An Overview of Project Management 8th Ed © McGraw-Hill Education 2  Learning Objectives 1-1 Understand why project management (PM) is crucial in today’s world 1-2 Distinguish a project from routine operations 1-3 Identify the different stages of a project life cycle 1-4 Describe how Agile PM is different from traditional PM 1-5 Understand that managing projects involves balancing the technical and sociocultural dimensions of the project © McGraw-Hill Education 3  Chapter Outline 1.1 What Is a Project? 1.2 Current Drivers of Project Management 1.3 Agile Project Management 1.4 Project Management Today: A Socio-Technical Approach © McGraw-Hill Education 4  Examples of Projects Given to Recent College Graduates Business information: install new data security system Physical education: develop a new fitness program for senior citizens Marketing: execute a sales program for a new home air purifier Industrial engineering: create a value chain report for every aspect of a key product from design to customer delivery Chemistry: develop a quality control program for an organization’s drug production facilities Management: implement a new store layout design Pre-med neurology student: join a project team linking mind mapping to an imbedded prosthetic that will allow blind people to function normally Sport communication: create a promotion plan for a women’s basketball project Systems engineers: develop data mining software of medical papers and studies related to drug efficacy Accounting: work on an audit of a major client Public health: design a medical marijuana educational program English: create a web-based user manual for a new electronics product © McGraw-Hill Education 5  1.1 What Is a Project? Project Defined (according to PMI) A temporary endeavor undertaken to create a unique product, service, or result Major Characteristics of a Project Has an established objective Has a defined life span with a beginning and an end Involves several departments and professionals Involves doing something never been done before Has specific time, cost, and performance requirements © McGraw-Hill Education 6  Program versus Project Program Defined A group of related projects designed to accomplish a common goal over an extended period of time Program Management Defined A process of managing a group of ongoing, interdependent, related projects in a coordinated way to achieve strategic objectives Examples: Project: completion of a required course in project management Program: completion of all courses required for a business major © McGraw-Hill Education 7  Comparison of Routine Work with Projects Routine, Repetitive Work Projects Taking class notes Writing a term paper Daily entering sales receipts into the Setting up a sales kiosk for a accounting ledger professional accounting meeting Responding to a supply-chain request Developing a supply-chain information system Writing a new piano piece Practicing scales on the piano Designing an iPod that is approximately Routine manufacture of an Apple iPod 2 X 4 inches, interfaces with PC, and stores 10,000 songs Wire-tag projects for GE and Attaching tags on a manufactured Wal-Mart product © McGraw-Hill Education TABLE 1.1 8  Project Life Cycle © McGraw-Hill Education FIGURE 1.1 9  The Challenge of Project Management The Project Manager Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. Marshals resources for the project. Is the direct link to the customer. Works with a diverse troupe of characters. Provides direction, coordination, and integration to the project team. Is responsible for performance and success of the project. Must induce the right people at the right time to address the right issues and make the right decisions. © McGraw-Hill Education 10  1.2 Current Drivers of Project Management Factors leading to the increased use of project management: Compression of the product life cycle Knowledge explosion Triple bottom line (planet, people, profit) Increased customer focus Small projects represent big problems © McGraw-Hill Education 11  1.3 Agile Project Management Agile Project Management (Agile PM) Is a methodology emerged out of frustration with using traditional project management processes to develop software. Is now being used across industries to manage projects with high levels of uncertainty. Employs an incremental, iterative process sometimes referred to as a ‘rolling wave’ approach to complete projects. Focuses on active collaboration between the project and customer representatives, breaking projects into small functional pieces, and adapting to changing requirements. Is often used up front in the defining phase to establish specifications and requirements, and then traditional methods are used to plan, execute, and close the project. Works best in small teams of four to eight members. © McGraw-Hill Education 12  Rolling Wave Development Iterations typically last from one to four weeks. The goal of each iteration is to make tangible progress such as define a key requirement, solve a technical problem, or create desired features to demonstrate to the customer. At the end of each iteration, progress is reviewed, adjustments are made, and a different iterative cycle begins. Each new iteration subsumes the work of the previous iterations until the project is completed and the customer is satisfied. © McGraw-Hill Education FIGURE 1.3 13  1.4 Project Management Today: A Socio-Technical Approach The Technical Dimension (The “Science”) Consists of the formal, disciplined, purely logical parts of the process. Includes planning, scheduling, and controlling projects. The Sociocultural Dimension (The “Art”) Involves the contradictory and paradoxical world of implementation. Centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project. © McGraw-Hill Education 14  A Socio-Technical Approach to Project Management © McGraw-Hill Education FIGURE 1.4 15