Project Management COMP 025 Module 1 Lesson 2 and 3 PDF

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES INSTITUTE OF TECHNOLOGY Project Management COMP 025 Prepared by Prof. Camilo P. Abogado MM-Public Service Management  Module 1 Project Management Fundamentals  Lesson 2 Project Management...

POLYTECHNIC UNIVERSITY OF THE PHILIPPINES INSTITUTE OF TECHNOLOGY Project Management COMP 025 Prepared by Prof. Camilo P. Abogado MM-Public Service Management  Module 1 Project Management Fundamentals  Lesson 2 Project Management Key Elements, Process and Knowledge Areas and Interaction between Project, Program and Portfolio Management Learning Objectives: After successful completion of this lesson, you should be able to: Define project management and discuss key elements of the project management framework Define the project management knowledge areas Define the project management common tools and techniques Discuss the relationship between project, program, and portfolio management Course Materials: Project Management Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. Project management is accomplished through the appropriate application and integration of the 47 logically grouped project management processes, which are categorized into five Process Groups. Key Elements of the Project Management Framework  The Key Elements Of The Project Management Framework 1. Project stakeholders - the people involved in or affected by project activities, and include the project sponsor, project team, support staff, customers, users, suppliers, and even opponents of the project. 2. Project management knowledge areas - describe the key competencies that project managers must develop. 3. Tools and techniques-assist project managers and their teams in carrying out work in all 10 knowledge areas. Project Management Process and Knowledge Areas Relationship between Project, Program, And Portfolio Management A program is “a group of related projects, subsidiary programs, and program activities managed in a coordinated manner to obtain benefits and control not available from managing them individually.” Example of Program Infrastructure Applications development User support: Project portfolio management or portfolio is a business strategy of management in which organizations group and manage projects and programs as a portfolio of investments that contribute to the entire enterprise’s success. PMI defines a portfolio as “projects, programs, subsidiary portfolios, and operations managed as a group to achieve strategic objectives. Reading references: Chapter 1 Information Technology Project Management 9th Edition Kathy Schwalbe Chapters 1.3, 1.4 Guide to the Project Management Body of Knowledge (6th edition) (PMBOK® Guide) – Sixth edition Activities/Assessment:  Lesson 3 The Role of Project Manager Learning Objectives: After successful completion of this lesson, you should be able to: Summarize the role of project managers by describing what they do, what skills they need and the talent triangle. Course Materials: Role of Project Manager Project managers are organized, passionate, and goal- oriented individuals who drive business results by leading projects. Project manager in IT should possess project management and IT knowledge, understanding of the project and how it will fit into the organization, and experience in general management and human relations or soft skills needed to guide the project team. Course Materials: Role of Project Manager PMBOK guide uses the analogy of a project manager being like a conductor or a large orchestra. Conductors are not expected to be able to play every instrument in the orchestra, but they should possess musical knowledge, understanding, and experience required to conduct an orchestra. The Talent Triangle The talent triangle includes the following: Technical project management skills Strategic and business management skills Leadership skills The Talent Triangle Understanding the knowledge areas, process groups, and project management tools and techniques “Managers do things right, and leaders do Strategic the right things.” planning and “Leaders determine financial the vision, and management managers accounting, achieve marketing the vision.” Leadership Style ▪ Laissez-faire-Meaning “let go,” this hands-off approach lets teams determine their own goals and how to achieve them. ▪ Transactional-This management by exception approach focuses on achieving goals or compliance by offering team members appropriate rewards and punishments. ▪ Servant leader-People using this approach focus on relationships and community first and leadership is secondary. Leadership Style ▪ Transformational- By working with others to identify needed changes, these leaders empower others and guide changes through inspiration. ▪ Charismatic-These people can inspire others based on their enthusiasm and confidence. ▪ Interactional-This leadership style is a combination of transactional, transformational, and charismatic. Reading references: Chapter 1 Information Technology Project Management 9th Edition Kathy Schwalbe Chapter 1.7 Guide to the Project Management Body of Knowledge (6th edition) (PMBOK® Guide) – Sixth edition Activities/Assessment: