First lecture of PMP Training Course - offered by The Daily PM Institute (www.TheDailyPM.com)

1. PMP Preparation and Advanced Course on Project ManagementLecture I Ali Khan, BE, PMP Development Manager, FinalTier Systems Chief Host, TheDailyPM.com

3. Unique

4. Product

5. ServiceWhat is a Project?

7. Projects VS Not Projects

13. Strategic opportunity/business demand (create a new hotel, upgrade school to college)

14. Customer Request (new power generation unit for industrial park)

15. Technological Advancement (new gadgets)

16. Legal Requirements (new industrial unit for safer treatment of toxic material, new buildings with green energy usage)Why Projects are authorized?

17. Program Group of projects Examples Portfolio Group of programs and projects Examples Project, Program and Portfolio

18. Definition & Need Roles: Managing shared resources Identify and develop best practices, standards etc. Coaching, mentoring, training Monitoring compliance with standards, policies, procedures, templates etc. Developing templates, procedures, other shared documentation Coordinating communication across projects PMO

19. Keep in focus all kinds of organizations There can be multiple phases within each project – which can be seen as individual projects. Projects and operations can intersect at closeout phase, upgrading a product, improvement of operations, during last phase etc. Miscellaneous

21. Effective Project Management requires:

22. Knowledge

23. Performance

24. PersonalWhat is the role of a Project Manager?

26. It includes:

27. Organizational Culture, Structure, Processes

28. Government and Industry Standards

29. Infrastructure

30. Existing Human Resources

31. Company Work Authorization System

32. Marketplace Conditions

33. Political Climate

34. Stakeholder Risk Tolerance

35. Project Management Information System

36. Existing Communication Channels

37. Commercial Databases etc.Enterprise Environmental Factors

38. Projects Success Rate 53% Challenged 16% Success 31%Critical Failures Not even completed Typically 189% over budget Source: CHAOS Report by the Standish Group

39. Q & A Contact Details: Phone: 0334.366.5830 Twitter.com/KhanAli www.TheDailyPM.com Twitter.Com/TheDailyPM