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Chapter 1 .Introduction
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Chapter One The World of
Project Management
I am Akin Shokunbi
A temporary endeavor undertaken to create a unique product or service.*
What Is a Project?
Term Means that a Project
temporary Has a beginning and end
endeavor Involves effort, work
to create Has an intention to produce something
(project "deliverables"
unique One of a kind, rather than a collection of
identical items
product Tangible objects, but could include things like
computer software, film or stage works
service Might include the establishment of a day-care
center, for instance, but not its daily
operations.Akin Shokunbi
Project management is the discipline of planning, organizing, securing, and managing resources to achieve specific goals.
Project management is the science (and art) of organizing the components of a project
Akin Shokunbi
What Is
Project Management ?
Figure 1-1: Performance, Cost, and Time Project Targets
Akin Shokunbi
The Triple Constraint
The Triple Constraint
OR, IN PLAIN
ENGLISH Fast Cheap
Good
Cost
Quality/Scope
Time
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Triple Constraint Trade-Offs
Cost
Quality/Scope
Constraint
Change
Shorter Time Higher Cost Reduced Quality or Narrowed
Scope
Reduced Cost More Time Reduced Quality or Narrowed
Scope
Higher Quality or
Increased Scope
More Time Higher Cost
Required Adjustment Alternatives (One or
Combination of Both)
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Triple Constraint: Setting Priorities
Constraint 1 2 3 Measurement
Time
Cost
Quality/Scope
Priority Matrix
Must be set by customer and sponsor near startup. May change over time, but a change is a significant event!
If these are the established priorities and measurements, what are some of the implications for the project if the project starts running late or shows signs of exceeding budget?
Constraint 1 2 3 Measurement
Time XBuilding must be completed by
October 31 of this year to
accommodate corporate move.
Cost XCosts for the project must not
exceed $22.5 million.
Quality/Scope XMust provide workspace for 120 call
center staff.
Example of a Completed Priority Matrix for a Construction Project
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Time required to complete a project
Availability of key resources
Cost of resources
Timing of solutions to technological problems
Actions taken by competitors
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What uncertainties are encountered in project management?
No, but it can be managed
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Can uncertainty surrounding projects ever be eliminated?
A Program is a group of projects managed collectively.
This projects could be inter-related or inter-dependent
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Program
Program management or programme management is the process of managing several related projects
This is usually done by top ranking officers of an organization most times The C.E.O,The C.I.O etc.
They are called Program Manager.
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Program management
1.Project Integration Management
2.Project Scope Management
3.Project Time Management
4.Project Cost Management
5.Project Quality Management
6.Project Human Resource Management
7.Project Communications Management
8.Project Risk Management
9.Project Procurement Management
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The Project Management Knowledge Areas
Bringing it All Together:
Building the Project Plan
Project Execution
Integrated Change Control
Project Management Nerve Center
#1Project Integration Management
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Staying Vigilant in Defining and Containing Scope throughout the Project
Project Initiation
Scope Planning
Scope Definition
Scope Verification
Scope Change Control
#2Project Scope Management
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Determining What Gets Done and When through:
Activity Definition
Activity Sequencing
Activity Duration Estimating
Schedule Development
Schedule Control
#3Project Time Management
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Planning for Resources
Estimating Costs
Creating the Budget
Managing/Controlling the Budget
#4Project Cost Management
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Quality Planning
Quality Assurance
Quality Control
#5Project Quality Management
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Organizational Planning
Staff Acquisition
Team Development
#6Project Human Resource Management
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Keeping Stakeholders Informed (and Involved!)
Communications Planning
Dissemination of Information
Progress Reporting
Administrative Closure
#7Project Communications Management
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Expect the Unexpected!
Risk Management Planning
Risk Identification
Qualitative Risk Analysis
Quantitative Risk Analysis
Risk Response Planning
Risk Management and Control
#8Project Risk Management
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For Projects Using Outside Resources:
Procurement Planning
Solicitation Planning
Solicitation
Source Selection
Contract Administration
Contract Closeout
#9Project Procurement Management
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Akin Shokunbi