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Project Management in Practice

Project Management in Practice. Taiwan Executive Education OPMA 5364 Project Management Introduction. David Weltman, PhD. Outline:. Responsibilities / Requirements / Grading Group Projects Part 1: The World of Project Management Part 2: The Manager, Organization, & Team

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Project Management in Practice

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  1. Project Management in Practice Taiwan Executive Education OPMA 5364 Project Management Introduction David Weltman, PhD

  2. Outline: • Responsibilities / Requirements /Grading • Group Projects • Part 1: The World of Project Management • Part 2: The Manager, Organization, & Team • Part 3: Planning the Project • Part 4: Budgeting the Project • Part 5: Scheduling the Project • Part 6: Allocating Resources to the Project • Part 7: Monitoring & Controlling the Project • Part 8: Evaluating & Terminating the Project • Cases

  3. Responsibilities / Requirements / Grading Homework is due 10-April.

  4. Group Project Your group project for the course will be to develop a plan for starting a new small or mid-sized business of your choice. The purpose of the group project is to give you the opportunity to plan all aspects of a new project, and to organize and coordinate all the necessary activities within your group to accomplish this group project (e.g., which tasks are needed, how to divide up the tasks, who in your group will do each task, etc.). Your group must decide what type of business to start, develop performance objectives/goals, determine personnel needs, determine resource requirements, develop budgets (for startup activities and for annual ongoing operations), develop an implementation schedule, develop annual revenue and profit projections for 5 years, and conduct a risk analysis. More information about the project is on the syllabus. Group Project is due 20-April.

  5. Schedule

  6. Part 1: The World of Project Management • Introduction to project management • Project goals, objectives, tradeoffs • Project life cycles • How are projects selected • Selection exercise / case

  7. Part 1: The World of Project Management Sunday 8/29/2010

  8. Part 2: The Manager, the Organization, and the Team • Selecting the project manager • Roles of a project manager • Project management as a profession • Project Management Institute (PMI) • Projects and the parent organization • The project team • Tips for managing meetings • Project Manager Selection / Exercise Case

  9. Part 3: Planning the Project • Contents of a project plan • Project launch meeting • The planning process • Project action plan • Work breakdown structure (WBS) • Project Planning exercise / case Project Conception Program Launch Meeting Action Plan Project Master Schedule

  10. Part 4: Budgeting the Project • Budgeting methods • Estimating costs • Budget uncertainty and risk management • CB Homework / exercises • FoxMeyer Drugs case

  11. Part 5: Scheduling the Project • Project network diagrams • Identifying critical paths and activities • Determining activity slack times • Gantt charts • Working with Microsoft Project • Uncertainty and risk management • Simulation approach to managing risk • Project Scheduling case

  12. Part 6: Allocating Resources to the Project • Expediting a project • Resource loading • Resource leveling • Allocating scarce resources to projects

  13. Part 7: Monitoring and Controlling the Project • Data collection and reporting • Earned value analysis • Project control • Scope creep and change control

  14. Part 8: Evaluating and Terminating the Project • Evaluating • Project audits • Project final report • Termination activities

  15. Introductions • Name • Company • Position • Experience with projects • Are you currently working on a project?

  16. Course Learning Objectives • Gain an appreciation of the multiple goals and complexities of projects • Gain a better understanding of the roles, responsibilities, challenges, and rewards for project managers • Learn how to better manage project teams and participants • Learn how to better manage project conflicts • Gain an understanding of the tools and approaches to better manage project schedules, budgets, and risks • Gain an understanding of the tools and approaches to better control project performance • Evaluate and select the most desirable projects. • Identify desirable characteristics of effective project managers. • Apply appropriate approaches to plan a new project. • Apply appropriate methodologies to develop a project schedule. • Develop a suitable budget for a new project. • Identify important risks facing a new project. • Apply appropriate techniques to assess ongoing project performance.

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