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What is a Project ?

What is a Project ?. What are the key characteristics of a project ? . Strategic Project Management. SPM Introduction. 1. What is a Project ?. Work is generally accomplished through operations or projects . Both consume resources (including people)

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What is a Project ?

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  1. What is a Project ? • What are the key characteristics of a project ? Strategic Project Management SPM Introduction 1

  2. What is a Project ? • Work is generally accomplished through operations or projects. • Both • consume resources (including people) • are subject to resource limitations • are planned, executed, and controlled Strategic Project Management SPM Introduction 2

  3. What is a Project ? • Operations are typically on-going and repetitive. • According to PMI: • A project is a temporary endeavor undertaken to create a unique product or service. Strategic Project Management SPM Introduction 3

  4. Temporary • Temporary means that every project has a definite beginning and a definite end. • Temporary does not imply short duration • ends when objective is accomplished • ends when it is clear the objective cannot be accomplished • The project may be temporary but generally the value added is lasting Strategic Project Management SPM Introduction 4

  5. Unique • Unique means that the product or service is different in some distinguishing way from all similar products and services. • new product or service • different performance characteristics • different design • different location Strategic Project Management SPM Introduction 5

  6. What is Project Management ? • Again according to PMI: • Project management is the application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project. Strategic Project Management SPM Introduction 6

  7. Project Management • Project management invariably involves evaluating and compromising among tradeoffs. • scope, time, cost, and quality • stakeholders with different needs and expectations • “musts” and “wants” Strategic Project Management SPM Introduction 7

  8. What is Strategic Project Management ? • Strategy is an effectiveness issue • are we doing the right things ? • Strategic planning • is externally focused • is visionary • spans organizational boundaries • is done irregularly rather than routinely Strategic Project Management SPM Introduction 8

  9. What is Strategic Project Management ? • Strategic planning often leads to organizational change. • sometimes evolutionary • frequently revolutionary • Changes are commonly implemented through a coordinated set of projects. • PMI calls this program management, we will refer to it as strategic project management. Strategic Project Management SPM Introduction 9

  10. Project Management Knowledge Areas • What is the Body of Knowledge associated with Project Management? • Let’s review Figure 1-1, page 8 of the PMI Project Management Body of Knowledge, 2000 edition • Figure 1-1, page 7, PMI_BOK_1996.pdf • only Risk Management has major change Strategic Project Management SPM Introduction 10

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