Read First
How to get PMP Cretification
PROJECTS
What are project :
Projects bring about the new product, services or process into existence
Normally are means by which strategy is implemented in an organization.A project is a temporary endeavor undertaken to create a unique product or service.
Organization resort to project to achieve their strategic needs , which can not otherwise be attained through normal operation.
Project Characteristics:
Temporary : Project has definite beginning and definite end.
Unique : The product or service delivered is different from others.
Progressive elaboration : The project is developed by steps and continued by increments. It integrate the concepts of temporary and uniqueness.
Project Vs Operation
Project and operations have fundamentally different objectives. The purpose of the project is to attain its specific objectives and then terminate. The purpose of operation is to sustain business.
Projects :
· Temporary and unique
· Finite life cycle
· Deploy cross functional skills
· Progressively elaborated
Operations·
Ongoing and repetitive
· Produce pre- defined product or services
· Scope is well defined
· Organized by functional skills
Why project ?
Better focus, Deployment, channelization and conservation of resources and Address diverse interest of all stakeholders and manage their expectation.
What is management?:
- Is the art of getting things done through people
- Is the process of planning, leading, and controlling the efforts of organizational resources to achieve stated goals.
What is project management??
- Application of knowledge, skills, tools and technique to project activities to meet the project requirement.
- Accomplished through the use of processes such as initiating , planning, executing, controlling and closing.
Includes :
Identifying requirements
- Established clear and achievable objectives
- Balancing the competing demands for quality, scope , time and cost
- Adapting to the approach to the different concerns and expectation of the various stakeholders.
To be effective , requires that project management team understand and use the knowledge and skills of :
- PMBOK
- Application area knowledge, standards and regulation
- Project environment and project context
- General management knowledge and skills
- Interpersonal skills.
- Understand and decide which element are applicable and they are to be applied for a specific project.
When the project is deemed to be successful ?:
- Achieve the scope for which it was undertaken
- Comply with quality , cost and time parameter
- Delight the end customer
How to ensure project success ?:
- Mapping the customers expectation to well defined scope
- Deploy right resources in right time in right quantity
- Keep looking for risks
How project evolves ?
- A market demand
- · An organizational need – to improve internal process
- · A customer request
- · A technological advancement
- · A legal requirement
- · Social needs.
Managed By Projects : An approach that treats many aspect of ongoing operations as projects to apply project management techniques to the operation.
Project Objectives:
Project objectives are defined in the Preliminary project scope statement and project scope statement ( obtained from SOW and sponsor /client meeting)
- There are different objectives – Project, Product, cost, time, scope and stake holder’s objectives.
- Project is completed when objectives are met
- The reason for quality activities to make sure that project objectives are met
- Project often require trade off between project requirement and project objectives
- Project objective are determined in the initiation process group and refined in the planning process group
Further Reading
Managed by Objectives ( MBO) : Seerita mulchahi
OPM3 – PMI org maturity model for project management
