Introduction to Project Management BA 341 Lean Operations Dr Bogdan Bichescu 1 What is a project A project is a temporary endeavor undertaken to create a unique product or service Project Management Body of Knowledge PMBOK Characteristics of a project Purpose a one time activity with well defined desired end results Temporary has a definite beginning and a definite end hence a finite duration Life Cycle projects evolve in steps from a slow beginning they progress to a build up of size then peak begin a decline and then must be Characteristics of a project cont d Interdependencies projects can interact with other projects within the same parent organization and most typically with the functional departments marketing finance manufacturing etc of the firm How are projects organized As part of the functional organization Matrix organization Pure Project Characteristics of a project cont d Uniqueness every project has elements that make it unique e g an office building has different owners design location contractors etc Conflict projects vs functional dept and project vs project with respect to resources and personnel Examples of Projects VW launches a new Passat Apple launches iOS 10 Construction of Haslam Business Building Disney Lucasfilm produces Star Wars The Force Awakens Pfizer launches Sudafed Why Project Management Exponential expansion of knowledge Growing demand for complex customized goods and services Globalization of worldwide markets Ever expanding size of projects Main Project Objectives Performance scope refers to the outcomes deliverables of the project and compares them against project specifications and stakeholders expectations Cost Time The Project Manager Responsible to The parent organization The client The project team Major challenges Selecting and motivating the personnel Dealing with obstacles Making project goal trade offs Communicating with all parties Dealing with project risks and potential failure What it takes to be a good PM Strong technical and managerial background Credibility Excellent communication skills Excellent organizational planning goalsetting skills Negotiator and team builder Sensitive to political issues Ability to handle pressure In place of conclusion The Role of Project Management consists of Constantly balancing customer expectations and achievement of internal business objectives while simultaneously delivering within the triple constraint st Co Customer Expectations Risk du le Risk Sch e Methodology Requirements The Project Business Objectives
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