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Project Management Concepts

Project Management Concepts. March 9, 2011. What We’ll Do Today. What is a project? What is a project manager? What does a project manager do? Who are stakeholders? How do you know when a project is successful?. Baking a Wedding Cake.

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Project Management Concepts

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  1. Project Management Concepts March 9, 2011

  2. What We’ll Do Today • What is a project? • What is a project manager? • What does a project manager do? • Who are stakeholders? • How do you know when a project is successful?

  3. Baking a Wedding Cake You are asked by the mother of the bride if you would make sure the cake gets made and delivered for her daughter’s wedding reception. You don’t bake; your knowledge of the kitchen is limited to heating food in the microwave and brewing a pot of coffee. But you’re a good sport and agree to take on the responsibility.

  4. Baking a Wedding Cake (cont) • Who is the sponsor? • Who is the project manager? • What does the project manager need to do? • Who are the stakeholders? • How do you know when the project is successful?

  5. Project • A project is an organized set of activities to reach a measurable outcome within a specified duration. Defining a specific project is a process of selection and reduction of the ideas and perspectives of those involved into a set of clearly defined objectives, key success criteria and evaluated risks.

  6. What is a Project Manager? • A project manager is the person with overall responsibility for managing and controlling the project activities (defined and undefined) to achieve a measurable outcome within a specified duration and budget. Who does the project manager “work for?” Is that person the same the project manager’s boss?

  7. What does a project manager do? • A project manager needs to oversee the processes of initiating, planning, executing, monitoring & controlling and closing a project. Is that all? :- ) … believe me, that’s enough!

  8. What does a project manager do? (cont) A project manager needs also needs to be knowledgeable of the following: • Project Integration Management • Project Scope Management • Project Time Management • Project Cost Management • Project Quality Management • Project Human Resource Management • Project Communications Management • Project Risk Management • Project Procurement Management

  9. Who are stakeholders? • Stakeholders are individuals and organizations interested in the project. • Some key stakeholders are: • Management (e.g. your boss) • Sponsor • Project Team • Customers • Individuals with ‘veto’ power, e.g. government regulators

  10. How do you know when a project is successful? • Every project has constraints. The primary ones are the trade off between Time, Resources and Performance Criteria. • A successful project meets or exceeds performance criteria on time and using allocated resources.

  11. Some Things to Consider • Project Charter • Statement of Work • Communications Plan • Risk Assessment • Project Management Tools

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