Project Management –
Module 1
E X PA N D E D N O T E S W I T H B U L L E T P O I N T S
Introduction to Project Management
• A project is a temporary effort to create a
unique product, service, or result.
• Project Management applies knowledge,
skills, tools, and techniques to project
activities.
• It aims to meet project requirements
efficiently and effectively.
Characteristics of Projects
• Temporary: Has a defined start and end
date.
• Unique Deliverables: Produces one-of-a-
kind outputs.
• Progressive Elaboration: Project details are
refined as the project progresses.
• Operates Under Constraints: Limited time,
cost, resources, and scope.
Project vs. Operation
• Projects are temporary and produce unique
outputs.
• Operations are ongoing and repetitive in
nature.
• Projects end when objectives are met;
operations are continuous.
• Different management approaches are
required for each.
Project Management Processes
• Initiating: Define and authorize the project.
• Planning: Establish the scope, schedule,
and resources.
• Executing: Perform the work defined in the
plan.
• Monitoring & Controlling: Track, review,
and regulate progress and performance.
• Closing: Finalize all activities and formally
close the project.
Project Constraints
• Time: Schedule for completing the project.
• Cost: Budget and financial resources.
• Scope: Work required to deliver the
project's output.
• Quality: Standards and requirements to be
met.
• Risk: Potential events that could affect the
project.
• Resources: Human, equipment, and
material inputs.
Role of Project Manager
• Leads the project team toward achieving
objectives.
• Manages scope, schedule, cost, and quality.
• Communicates with stakeholders and
manages expectations.
• Resolves issues and manages risks.
• Coordinates resources and oversees project
execution.
Stakeholders in Projects
• Individuals or groups affected by the
project.
• Examples: Project sponsor, team members,
customers, users, suppliers.
• Stakeholders influence project
requirements and outcomes.
• Effective stakeholder engagement improves
success rates.
Project Success Factors
• Clear and realistic project goals.
• Active stakeholder involvement.
• Skilled and experienced project manager.
• Effective communication among
stakeholders.
• Strong project planning and monitoring
processes.
Summary
• Projects are temporary and goal-oriented.
• Project management involves structured
processes and leadership.
• Success depends on planning, managing
constraints, and stakeholder engagement.