I have tried to present here a brief introduction of project management for the people who wish to get the flavor of project management and what it takes to be a successful project manager.
I have used these slides for the various project management sessions that I have conducted in different forums. And I hope this will help you to understand or re-cap your project management principles.
2. Agenda
• What is Project, Program and Portfolio management?
• What is PMI and the PMP?
• Why PMI project management principles are useful to know?
• A few basic PMI definitions and
• Project Management terms such as:
• Project Charter, Triple constraint, Project management plan, WBS,
EVM, Gold Platting, Responsibility Assignment Matrix, Conflict
management, Risk probability and impact matrix, Contract type and
stakeholder power Vs Interest Grid.
• Five process groups: Initiation, Planning, Executing, Monitoring and
Controlling, and Closing
• Ten Knowledge Areas: Integration, Scope, Time, Cost, Quality, Risk,
Human Resource Management, Communication, Procurement and
Stakeholders
• Code of Ethics and Professional Conduct.
2
3. Facts and Figures:
• Organizations waste $109 million for every $1 billion
spent on projects.
- PMI’s Pulse of the Profession® report
• Overall half of all projects fails and only 2.5% of corporations
consistently meet their targets for scope, time, and cost goals
for all types of project.
- A PricewaterhouseCoopers (PWC) study report
3
4. Common Causes of Project Failure
• Unclear objectives
• Misunderstood requirements
• Poor people management
• Lack of effective communication processes
• Poor risk identification and management
• Inadequate funding
• Over optimistic schedules/budgets
• Original assumptions invalid
• Inconsistent standards
• Lack of effective project integration
Over all effect – Poor Project Management 4
5. Facts and Figures
BAA Airports Ltd. completed a
refurbishment of Terminal 1 at
Heathrow Airport,
• The busiest airport in the
world.
• The project was completed
on time and within budget.
• All while constantly keeping
the terminal open to the 20
million annual travellers.
5
BAA Airports Ltd. changes the face of the
world’s busiest airport through project
management
An example of a successful project
7. Facts and Figures:
• Samsung Engineering Co., Ltd. uses PMBOK® Guide to
implement integration methods in construction project.
• Project management brings reliable power and growth to a
remote region of Venezuela.
• NASA’s Autonomous Rotorcraft Project leads to innovation in
aviation.
• China Telecom Corporation uses PMI standards to develop
communications network for Nanshan District.
• In 2013, The People's Republic of China and the Hong Kong
Special Administrative Region (HKSAR) Government
completed work on the world's longest natural gas pipeline.
9000 km. 7
Source: www.pmi.org
8. Facts and Figures:
- In India, major infrastructure
projects are often stalled
because of:
- lack of funds,
- political interference,
- lack of professionalism and
accountability,
- property disputes,
- corruption, etc.
- Even before the commencement
of the project, the Delhi Metro
Rail Corporation (DMRC)
attempted to put in place
effective systems to ensure the
smooth progress of the project.
DMRC project at each
phases completed
successfully - on time
within budget with
complete scope. 8
13. Why is Project management principles
useful to know ?
13
14. What is a Project ?
• It's a temporary endeavour undertaken to create a unique
product, service or result.
Characterised by :
1. Temporariness (Definite beginning and an end)
2. Uniqueness – of product, service or result
3. Progressive elaboration .
14
15. What is Project Management
• The application of knowledge, skills, tools, and techniques to
project activities to meet the project requirements.
• It has always been practiced informally, but began to emerge
as a distinct profession in the mid-20th century.
15
16. Program and Portfolio Management
• Portfolio Management–
Managing projects or
programs together to meet
strategic business
objectives
• Program Management–
Managing group of related
projects in a coordinated
way to obtain benefits and
controls not available from
managing them together.
16
19. Why Do We Need Project Management?
• Exponential expansion of human knowledge
• Global demand for goods and services
• Global competition
• Above requires the use of teams versus individuals
Because projects requires:
• High degree of coordination of Time, Resource and Money.
• Good coordination needs good planning
• If not planned
1. Things will go in wrong order
2. Conflict and crisis arise
3. Consume more Resource, Time and Money.
Project management removes or minimizes these weaknesses. 19
* Project Management—A Managerial Approach, 1995, by Jack R. Meredith and Samuel J. Mantel Jr.
20. AdvantagesofUsingFormalProjectManagement
Better control of financial, physical, and human resources
Improved customer relations
Shorter development times
Lower costs and Improved productivity
Higher quality and increased reliability
Higher profit margins
Better internal coordination and Higher worker morale 20
22. Role of Project Manager
Responsible for achieving the project’s objective through his Competencies.
22
Project Manager
Personal
Skills
Performance
Knowledge
23. Knowledge and Skills of Project Manager
Knowledge
Personal
Skills
23Leadership, Motivation, Communication, Decision making,
Negotiation, Influencing, Coaching, Trust building, Conflict
management, Political and cultural awareness
5 Process Groups and
10 Knowledge Areas
24. Factors influencing projects
Organizational
Culture
Organizational
Process Assets
Enterprise
Environmental
Factors
•Shared Values, Norms, Beliefs
•Plans, processes, Policies
•Corporate knowledge base,
etc.
•Culture, Structure, processes.
•Market condition
•Political climate
•Govt. or industry standards,
etc.
24
38. Work Breakdown Structure (WBS)
38
• WBS is the decomposition of the work to be performed. The output is
called the scope baseline.
• Scope baseline = WBS statement + WBS + WBS Dictionary
Example:
43. Project Quality Management
• What is quality ?
Quality is the degree to which a set of inherent characteristics fulfil
requirements.
• What is Grade ?
Degree or steps in a scale.
• What is Accuracy ?
The degree of conformity of a measured or calculated quantity to its
actual (true value).
• What is Precision ?
The degree to which further measurements or calculations show the
same or similar results. 43
72. Quick Re-Cap
• What is Project, Program and Portfolio management?
• What is PMI and the PMP?
• Why PMI project management principles are useful to know?
• A few basic PMI definitions and
• Project Management terms such as:
• Project Charter, Triple constraint, Project management plan, WBS,
EVM, Gold Platting, Responsibility Assignment Matrix, Conflict
management, Risk probability and impact matrix, Contract type and
stakeholder power Vs Interest Grid.
• Five process groups: Initiation, Planning, Executing, Monitoring and
Controlling, and Closing
• Ten Knowledge Areas: Integration, Scope, Time, Cost, Quality, Risk,
Human Resource Management, Communication, Procurement and
Stakeholders
• Code of Ethics and Professional Conduct.
72
73. You cannot become a good project manager unless you become
a good people manager !
Project Management is an ART !
An Art of managing Activity, Responsibility and Timelines !!
By :-
Krishna Kant, B.Pharma, PGMP and PMP®
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