Module 1: Introduction to Project Management PDF

Module Overview Discuss the fundamentals of Project Managem...

Module Overview Discuss the fundamentals of Project Management Understand the definition of a project PROJECT MANAGEMENT Identify and explain the OVERVIEW characteristics of a project MODULE 1 Enumerate and discuss the phases of project management Introduce the Project Management Institute (PMI) framework 3 DEFINITION OF A PROJECT CHARACTERISTICS OF A PROJECT A project is a temporary endeavor undertaken to create a unique product, service, or result. Major characteristics of a project are as follows: Usually, the Projects should not be confused with everyday work. A project is not routine, repetitive work! Ordinary daily A defined life involvement of Typically, doing Specific time, An established span with a several something that cost, and work typically requires doing the same or similar work over and over, while a project is done only once; a new objective. beginning and departments has never been performance product or service exists when the project is completed. an end. and done before. requirements. professionals. Routine, Repetitive Work Projects Taking class notes Writing a term paper Daily entering sales receipts into the accounting ledger Developing a supply-chain information system Practicing scales on the piano Writing a new piano piece 5 7 PHASES OF PROJECT MANAGEMENT PHASES OF PROJECT MANAGEMENT Another way of illustrating the unique nature of project work is in terms of the project life cycle.The life cycle Defining recognizes that projects have a limited life span and that there are predictable changes in level of effort and focus over the life of the project.There are a number of different life-cycle models in project management literature. Many are unique to a specific industry or type of project. Specifications of the project are defined; project objectives are established; teams are formed; major responsibilities are assigned. Defining Planning Executing Closing Goals Specifications Tasks Responsibilities 9 10 PHASES OF PROJECT MANAGEMENT PHASES OF PROJECT MANAGEMENT Planning Executing The level of effort increases, and plans are developed to determine what the project will entail, when it will A major portion of the project work takes place—both physical and mental. The physical product is be scheduled, whom it will benefit, what quality level should be maintained, and what the budget will be. produced (a bridge, a report, a software program). Time, cost, and specification measures are used for control. Is the project on schedule, on budget, and meeting specifications? What are the forecasts of each of these measures? What revisions/changes are necessary? Schedules Budgets Resources Risks Staffing Status Reports Changes Quality Forecasts 11 12 PHASES OF PROJECT MANAGEMENT PROJECT MANAGEMENT INSTITUTE Closing The Project Management Institute (PMI) is a U.S.-based not-for-profit professional organization for project management. PMI serves more than three million professionals including over 650,000 members in 213 countries and territories Closing includes three activities: delivering the project product to the customer, redeploying project around the world, with 303 chapters and 14,000 volunteers serving local members in over 180 countries. resources, and post-project review. Delivery of the project might include customer training and transferring documents. Redeployment usually involves releasing project equipment/materials to other projects and Its services include the development of standards, research, education, publication, networking-opportunities in finding new assignments for team members. Post-project reviews include not only assessing performance local chapters, hosting conferences and training seminars, and providing accreditation in project management. but also capturing lessons learned. PMI has recruited volunteers to create industry standards, such as "A Guide to the Project Management Body of Knowledge", which has been recognized by the American National Standards Institute (ANSI). In 2012 ISO Train customer Transfer Release Evaluation Lessons learned adapted the project management processes from the PMBOK Guide 4th edition. documents resources 13 15 PROJECT MANAGEMENT INSTITUTE The chaos and uncertainty of a global pandemic didn’t deter this year’s Future 50—it inspired them to push forward on big ideas and bold initiatives to make the world a better place. Future 50 project leaders represent rising generations of changemakers dedicated to forging a better tomorrow.The individuals celebrated here are leveraging new technologies, fighting disease and taking on climate change.They’re developing more sustainable sources of food and energy; building residential and commercial spaces with lasting benefits; accelerating efficiency; and unleashing new creativity across organizations and communities. Read about them here https://www.pmi.org/future-50 This year’s Future 50 embody the inclusive, user-centric, forward-focused mindset needed in The Project Economy. 16