Project Management
(ILO8021)
Syllabus
Course Outcomes (COs)
Index Course Outcomes
Understand the conceptual clarity about project
ILO8021.1 organization and feasibility analyses – Market, Technical,
Financial, Economic and Risk.
Apply selection criteria and select an appropriate project
ILO8021.2
from different options.
Write work break down structure for a project and
ILO8021.3
develop a schedule based on it.
Identify opportunities and threats to the project and
ILO8021.4
decide an approach to deal with them strategically.
Use earned value technique and determine & predict
ILO8021.5
status of the project.
Capture lessons learned during project phases and
ILO8021.6 document them for future reference.
Definition of a Project
A project is a temporary
endeavor undertaken to
create a unique product,
service, or result.
Project Vs Operation
Every business consists of two
aspects of work
1. day-to-day operations
2. temporary projects
Examples of Project
Not limited to:
• Developing a new product, service, or result;
• Effecting a change in the structure, processes,
staffing, or style of an organization;
• Developing or acquiring a new or modified
information system (hardware or software);
• Conducting a research effort whose outcome will be aptly recorded;
• Constructing a building, industrial plant, or infrastructure; or
• Implementing, improving, or enhancing existing business processes and procedures
What is Project Management?
Project management is the
application of knowledge, skills,
tools, and techniques to project
activities to meet the project
requirements
These five Process Groups are:
• Initiating,
• Planning,
• Executing,
• Monitoring and Controlling, and
• Closing.
Need for Project Management (PM)
• Huge investments
• Loss will impact society
• Prevent failure in projects
• Scope changes in a project
• Technology may change
• Change in economic condition
Why Engineer’s need PM skills
• Improved Efficiency
• Enhanced Effectiveness
• Can Help You Replicate Success
• Helps You Learn Leadership and Communications
• Framework
• Consistency
• Environment
• Risk Assessment
• Development
Why Organization needs PM
Project Management provides an organization with
powerful tools that improve its ability to plan,
implement, and control its activities as well as the
ways in which it utilizes its people and resources.
Also, Increasingly technically complex products and
processes, vastly shortened time-to-market
windows, and the need for cross-functional
expertise make project management an important
and powerful tool in the hands of organizations that
understand its use
Project Management has
emerged because the
characteristics of our
contemporary society
demand the development
of new methods of
management.
Triple Constraint
Project Life Cycle
Most projects go through similar stages on the path
from origin to completion. We define these stages,
shown in Figure as the project’s life cycle.
Project Life Cycle
Phases of PM life cycle
Various phase in PM lifecycle are
• Analysis and Evaluation phase
• Marketing Phase
• Design Phase
Input received
Output produced
• Inspecting, testing and delivery
• Post completion analysis phase
Project Manager
The Project manager is an important team
member in an organization.
The project manager is a person who manages
the projects.
This individual predicts the difference between
the project’s success and failure rates.
The project manager is responsible to carry all
the tasks of a project
Role of Project Manager
• Project managers are called upon to lead,
coordinate, plan, and control a diverse and
complex set of processes and people in the
pursuit of achieving project objectives.
• They are strong leaders, and have problem
solving capability, communication,
motivational, visionary and team-building
skills
Twelve points to remember
1. Understand the context of project management.
2. Recognize project team conflict as progress.
3. Understand who the stakeholders are and what they want.
4. Accept and use the political nature of organizations.
5. Lead from the front.
6. Understand what “success” means.
7. Build and maintain a cohesive team.
8. Enthusiasm and despair are both infectious.
9. One look forward is worth two looks back.
10. Remember what you are trying to do.
11. Use time carefully or it will use you.
12. Above all, plan, plan, plan.
Aim
Understanding Essential Elements for Successful
Teamwork
PM in various organizational structures
Organizations are structured in 3 ways:
• Functional Organizational Structure
• Matrix Organizational Structure – This can be
further broken down into – Balanced matrix,
Strong Matrix, and Weak Matrix
• Projectized Organization Structure
PM Knowledge Area as per PMI
• The 47 project management processes identified in the
PMBOK® Guide are further grouped into ten separate
Knowledge Areas.
• A Knowledge Area represents a complete set of
concepts, terms, and activities that make up a
professional field, project management field, or area of
specialization.
• These ten Knowledge Areas are used on most projects
most of the time.
• Project teams should utilize these ten Knowledge Areas
and other Knowledge Areas, as appropriate, for their
specific project.
PROJECT INTEGRATION MANAGEMENT
Project Scope Management
Project Schedule Management
Project Cost Management
Project Quality Management
Project Resource Management
Project Communications
Management
Project Risk Management
Project Procurement Management
Project Stakeholder Management