1. All About Project
Management

2. What is Project management?
• Project management is a carefully planned and organized effort to
accomplish a successful project
• A project is a one-time effort that produces a specific result, for
example, a building or a major new computer system

3. Project management includes
• developing a project plan
• defining and confirming the project goals and objectives
• quantifying the resources needed
• determining budgets and timelines for completion
• managing the implementation of the project plan
• operating regular 'controls' to ensure that there is accurate and objective
information on 'performance' relative to the plan

4. Project management approaches
• The traditional approach
• PRINCE2
• PRiSM (Projects integrating Sustainable Methods)
• Critical chain project management
• Event chain methodology
• Process-based management
• Agile project management
• Lean project management
• Extreme project management

5. Projects usually follow major phases
or stages
• Initiation
• Planning or design
• Production or execution
• Monitoring and controlling
• Closing

6. Initiating
• analyzing the business needs/requirements in measurable goals
• reviewing of the current operations
• financial analysis of the costs and benefits including a budget
• stakeholder analysis, including users, and support personnel for the
project
• project charter including costs, tasks, deliverables, and schedule

7. Planning and design
• determining how to plan (e.g. by level of detail or rolling wave);
• developing the scope statement;
• selecting the planning team;
• identifying deliverables and creating the work breakdown structure;
• identifying the activities needed to complete those deliverables and networking the activities in their
logical sequence;
• estimating the resource requirements for the activities;
• estimating time and cost for activities;
• developing the schedule;
• developing the budget;
• risk planning;
• gaining formal approval to begin work.

8. Executing
• Direct and Manage Project execution
• Quality Assurance of deliverables
• Acquire, Develop and Manage Project team
• Distribute Information
• Manage stakeholder expectations
• Conduct Procurement

9. Monitoring and controlling
• Measuring the ongoing project activities ('where we are');
• Monitoring the project variables (cost, effort, scope, etc.) against the
project management plan and the project performance baseline (where we
should be);
• Identify corrective actions to address issues and risks properly (How can
we get on track again);
• Influencing the factors that could circumvent integrated change control
so only approved changes are implemented.

10. Closing
• Project close: Finalize all activities across all of the process groups to
formally close the project or a project phase
• Contract closure: Complete and settle each contract (including the
resolution of any open items) and close each contract applicable to the
project or project phase.

11. Bibliography
http://managementhelp.org/proje
ctmanagement/index.htm
http://en.wikipedia.org/wiki/Proj
ect_management