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Project Management

Project management is a temporary endeavor aimed at delivering unique products, services, or results, with a defined beginning and end. Despite its critical role, only 34% of projects succeed and 46% exceed budget. This field encompasses 42 processes across five process groups and nine knowledge areas, as defined by the Project Management Institute (PMI), a leading global professional association. Key responsibilities of a project manager include planning, risk management, and monitoring progress, ensuring projects are completed on time and within budget.

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Project Management

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  1. Project Management Mani Subramanian

  2. What is Project? • is a temporary endeavor with a beginning and an end. • Delivers Unique Product, Service or result.

  3. Interesting facts of Projects • Only 34 percentage of Projects succeed. • 46 Percentage of Projects are Cost over run.

  4. What is Project Management? Did you say? • People skills • Software

  5. Project Management • The application of Knowledge, skills, tool and techniques to project activities to meet the project requirements. • It includes 42 Processes - 5 Process Groups - 9 Knowledge Areas • Who defines these processes? - PMI (Project Management Institute) - www.pmi.org

  6. Project Management is

  7. Project Knowledge Areas • Project Integration Management • Project Scope Management • Project Time Management • Project Cost Management • Project Quality Management • Project Human Resource Management • Project Communication Management • Project Risk Management • Project Procurement Management

  8. PMI and its Roles • Project Management Institute • Roles • is one of the world's largest professional membership associations. • Has more than 600k members from 185 countries. • Defines standards for Project, Program and Portfolio managements.

  9. What is Program Management? • Is group of related Projects. • Helps on • Decreased risk • Economies of scale • Improved Management

  10. What is Portfolio Management? • Is group of Programs to achieve specific strategic business goal.

  11. Portfolio, Program, and Project Management Interactions

  12. Project Manager

  13. Role of Project Manager • Developing Project Management Plan and all related components Plan, • Keeping the project on track in terms of Schedule and budget, • Identifying, Monitoring, and responding to risk, and • Providing accurate and timely reporting of project metrics.

  14. Project Constraints

  15. What we learned • Project, Program and Portfolio • Project Management • 42 processes overall, classified with 5 Process groups and 9 Knowledge Areas • Project Manager responsibilities • Project Constraints. • PMI (Project Management Institute)

  16. Project is • A. It has a beginning and an end. • B. Managed by Project Manager. • C. Group of Tasks. • D. contains 1 or more team members.

  17. Project is • A. It has a beginning and an end.

  18. Group of related project is • A. Multi-project • B. Relational Project. • C. Program • D. Portfolio

  19. Group of related project is • C. Program

  20. How many process groupsin Project Management? • A. 2 • B. 9 • C. 5 • D. 15

  21. How many process groupsin Project Management? • C. 5 They are • Initiating • Planning • Executing • Monitoring and Controlling • Closing.

  22. How many Knowledge Areas in Project Management? • A. 9 • B. 5 • C. 1 • D. 12

  23. How many Knowledge Areas in Project Management? • A. 9

  24. Project Knowledge Areas • Project Integration Management • Project Scope Management • Project Time Management • Project Cost Management • Project Quality Management • Project Human Resource Management • Project Communication Management • Project Risk Management • Project Procurement Management

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