01 - Introduction to Project Management.pdf

Introduction to Project Management Praveen Ranaweera BSc in Business Management (Special) NSBM Green University Presentation Outline Project, Challenges of What is a Programme,Portf Modern world Project? olio and towards...

Introduction to Project Management Praveen Ranaweera BSc in Business Management (Special) NSBM Green University Presentation Outline Project, Challenges of What is a Programme,Portf Modern world Project? olio and towards Products Projects? Advantages of What is Project Creating Value Project Management? Management Project The constraints Management of Project Principles Management  Look at these pictures? Look at these pictures?  “A project is a problem scheduled for solution.” This definition forces us to recognize that projects are aimed at solving problems and that What is a failure to define the problem properly is what sometimes gets us into trouble” Project? “A project is a temporary endeavor undertaken to create a unique product, service, or result.” (PMBOK 6th Edition)  Attributes of projects Unique Purpose Temporary What is a Require resources, often from various areas Project? Should have a primary sponsor and/or customer Involve uncertainty  Which activities are projects? Why? Taking class notes Writing a term paper Setting up a sales kiosk Entering sales receipts for a professional into accounting ledger accounting meeting Developing a supply-chain Responding to a supply- information system chain request Practicing scales on the Writing a new piano piano piece Designing an iPod that is Manufacture of Apple approximately 2 × 4 inches iPod Wire-tag projects for GE Attaching tags on a and Walmart manufactured product  Which activities are projects? Why? Taking class notes Writing a term paper Setting up a sales kiosk Entering sales receipts for a professional into accounting ledger accounting meeting Developing a supply-chain Responding to a supply- information system chain request Practicing scales on the Writing a new piano piano piece Designing an iPod that is Manufacture of Apple approximately 2 × 4 inches iPod Wire-tag projects for GE Attaching tags on a and Walmart manufactured product  A project is a temporary endeavor undertaken by a company or organization (such as the creation of a new product, service, or result) A program is a group of projects that are similar or related to one another, and which are often managed and Project, coordinated as a group instead of independently A portfolio is a group of different programs and/or Programme projects within the same organization, which may be related or unrelated to one another and Portfolio Project, Project, Management Programme,Portfolio and Institute. A Guide to the Project Management Product Body of Knowledge (PMBOK® Guide) – Seventh  High levels of risk and uncertainty from Challenge many interacting forces and variables s of Rapidly changing technology Modern Environme Rising costs nt Increased competition Frequent resource shortages Many opposing interest groups What is Project Management? Project management is the planning, scheduling, and controlling of project activities to meet project objectives. The major objectives that must be met include performance, cost, and time goals, while at the same time you control or maintain the scope of the project at the correct level.  What is Project Management? The application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Project management refers to guiding the project work to deliver the intended outcomes. Project, Management Institute. A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Seventh Edition  Creating Value The ways that Projects Create Value, Creating a new product, service, or result that meets the needs of customers or end users Creating positive social or environmental contributions; Improving efficiency, productivity, effectiveness, or responsiveness Enabling the changes needed to facilitate organizational transition to its desired future state Sustaining benefits enabled by previous programs, projects, or business operations.  Advantages of Project Management BETTER IMPROVED SHORTER LOWER COST HIGHER IMPROVED CONTROL OF CUSTOMER DEVELOPMENT QUALITY AND PRODUCTIVIT FINANCIAL, RELATIONS TIMES INCREASED Y PHYSICAL RELIABILITY AND RESOURCES BETTER INTERNAL COORDINATION  Principles for a profession serve as foundational guidelines for strategy, Project decision making, and problem solving. Managemen t Professional standards and Principle methodologies are often based on principles. In some professions, s principles serve as laws or rules These Project Management Principles are intended to guide the behavior of people involved in projects. They are broadly based so there are many ways individuals and organizations can maintain alignment with the principles.  Be a diligent and respectful Recognize, evaluate, and respond to Project system interactions Navigate complexity Managemen Create a collaborative team environment t Demonstrate leadership behaviors Principle Optimize risk responses s Effectively engage with stakeholders Tailor based on context Embrace adaptability and resiliency Focus on value Build quality into processes and deliverables Enable change to achieve the envisioned future state  Responsibility Respect Four Values Fairness Honesty  Ris The Constrain k ts of Project Managemen t Successful project management means meeting all three goals (scope, time, and cost) – and satisfying the project’s sponsor THANK YOU