Project Management notes
Short Description
project management notes for mba student...
Description
Project Management
Learning Objectives
• Defining project, its types & life cycle • Defining project management, its phases • The role of the project manager • Keys to successful projects • Diffe Difference rence b/w General Management & Project Management • Project Management Tips
What is a Project?
n organi!e" effort effort to "o something useful or attain a useful en" of result#
Reasons for initiating a project Perceie" Perceie" 'ee"
$ ri
g h t
%" e a
The nee" to improe a pro"uct
Characteristics of a Project
( )bjecties ( *ife span ( +niueness ( Team -or. ( *ife ycle ( ustomer 0pecific ( omple1ity ( 2is. & +ncertainty
Project Types
3uest aware aware Moie e seat of the pants
4og
Painting by numbers
Project Types Examples • The early stages of a business improement project coul" be "escribe" as 5fog6 as the organi!ation .nows it nee"s to improe performance but is not sure e1actly where to focus# • s clarity emerges, targets for improements are set, 5moing6 the project into a 5uest6 state, but the best approach to achiee the project is not yet clear# • s the project further elaborates, the "esign & implementation "etails emerge which, when sufficiently clear, lea" to the 5painting by numbers6 state#
Project Life Cycle
Conception Phase
• • • •
Define the nee" 2eturn on %nestment nalysis Ma.e or $uy Decision $u"get Deelopment
Study Phase
• Determine goals, scope an" project constraints • %"entify members an" their roles • Define communication channels, metho"s, freuency an" content • 2is. management planning
Design Phase
• • • •
2esource Planning -or. $rea."own 0tructure Project 0che"ule Deelopment 3uality ssurance Plan
Implementation Phase
• 71ecute project plan an" accomplish project goals • Training Plan • 0ystem $uil" • 3uality ssurance
Learning Objectives
• Defining project, its types & life cycle • Defining project management, its phases
• The role of the project manager • Keys to successful projects • Difference b/w General Management & Project Management • Project Management Tips
Defining Project Management
• 8the application of .nowle"ge, s.ills, tools an" techniues to project actiities in or"er to meet or e1cee" sta.ehol"ers6 nee"s & e1pectations from a project • 8it inoles coor"ination of group actiity wherein the manager plans, organi!es staff & other resources, "irects & controls to e1ecute the project within constraints of time, cost & performance#
Identification Financing decision
Implementation & Management
Formulation
Financing decision
Selection
Appraisal
Phases of Project
Learning Objectives
• Defining project, its types & life cycle • Defining project management, its phases • The role of the project manager • Keys to successful projects • Difference b/w General Management & Project Management • Project Management Tips
MPOWRM!T
The project manager ma"es things happen#
Learning Objectives
• Defining project, its types & life cycle • Defining project management, its phases • The role of the project manager • $eys to s%ccessf%l projects • Difference b/w General Management & Project Management • Project Management Tips
$eys to &%ccessf%l Projects or 'D%h?#? Things yo% alrea(y "no) b%t let*s revie) any)ay
PL+!
PL+! • %"entify all sta.ehol"ers up front9
• Deelop the project plan before starting the project •7stablish communications protocols •Define your reuirements in "etail
L+D
L+D
•7nsure strong, committe" management support •onnect the business goals to the project • ssign an e1perience" project manager •7stablish clearly "efine" "irections 0et clear performance e1pectations
COMM!-C+T
Comm%nicate
•ommunicate objecties freuently •2ecogni!e "ifferent perspecties •hec. assumptions freuently
Comm%nicate
•Manage e1pectations •0hare success an" broa"cast achieements •%nite fee"bac.
M+!+.
Manage
•7nsure the system "esign reflects soun" planning •Train all staff in a timely fashion •Ma.e e1tensie testing a priority9
Learning Objectives
• Defining project, its types & life cycle • Defining project management, its phases • The role of the project manager • Keys to successful projects • Difference b/) .eneral Management 0 Project Management
• Project Management Tips
Project Management
.eneral management
There is ever1changing set of tas"s
There is consistent set of tas"s
Responsibility is for cross1 f%nctional activities
Responsibility is limite( to their o)n f%nction
Operates )ithin organi2ation str%ct%res )hich e3ist only for the life of project
Wor"s )ith permanent organi2ational str%ct%res
Pre(ominantly concerne( )ith innovation
Tas"s are (escribe( as maintenance
&%ccess is (etermine( by the achievement of state( en(1goals
&%ccess is (elivere( by achievement of interim targets
Learning Objectives
• Defining project, its types & life cycle • Defining project management, its phases • The role of the project manager • Keys to successful projects • Difference b/w General Management & Project Management • Project Management Tips
Project Management Tips
Project Management Tips
• Project Manager "oes no wor. other than manage the project9 • Project Manager spen"s :;< of time communicating • 7stablish a spee"y conflict resolution process
Project Management Tips
• +n"erstan" the project flow from beginning to en" • %"entify ris.s an" "eelop contingencies • learly outline the critical path of the project
&%mmary
Defining project, types & life cycle Defining project management Phases of Project Management The role of the project manager Keys to successful projects Difference b/w General Management & Project Management Project Management Tips
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