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8/9/2019 Project Management Knowledge Areas.ppt
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Project Management
http://images.google.com/imgres?imgurl=http://www.bcgrp.com/Images/slv050.jpg&imgrefurl=http://www.bcgrp.com/Proj_Mgmt_Fundamentals.htm&h=315&w=315&sz=102&hl=en&start=17&um=1&tbnid=5w7ZeCA72rLH_M:&tbnh=117&tbnw=117&prev=/images%3Fq%3Dproject%2Bmanagement%2Btriangle%26ndsp%3D20%26svnum%3D10%26um%3D1%26hl%3Den%26sa%3DN
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Today, the information explosion coupled with shrinkage oftime has
made the rate of change unprecedented.
Time has become the most crucial strategic weapon to be themarket
leader.
‘This should have been done yesterday is a kind of syndromewe
are all familiar with.
!n this scenario it is becoming more and more important tomanage all
our projects on time and within budget without compromising"uality.
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Project Management is the art and science of managing aproject.
!t can also be termed as #ream or $hange management.
%e can say that project management is the art and science of
converting vision into reality and abstract into concrete.%orldwide, the discipline of project management is regarded
as themost e&cient way of introducing changes, which is most
crucial both atbusiness and personal levels.
The use of project management is so advantageous that it isbecoming
one of the fastest growing disciplines worldwide.
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Project management discipline isused to:
'uccessfully manage all projectsirrespective of their si(e or complexity.
!t involves the use and application ofspeci)c knowledge, skills, tools andtechni"ues to project activities to meet
the aims for which the project wasundertaken.
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Project management achieves all this byfollowing those procedures and processeswhich involve:
* making a plan to achieve project objectives+goalsand following this plan.
* managing everything that is re"uired to achieveproject objectives safely within agreed upon time,cost, "uality, technical and other performancecriteria.
* using the most appropriate tools and techni"ues toplan, monitor and maintain progress of the project.
* using persons knowledgeable about projectmanagement to manage the project with thecompeting demands of scope, time, cost, risk and
"uality in the project.
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Project team members have to manage all the dierentpersons such as the client, the customer and the contractorwho are directly or indirectly involved with the project -allthe project stakeholders. This can be a di&cult task asdierent stakeholders have dierent expectations from theproject.
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Modern project management encompasses both the 'hard' side and'soft' side of managing projects.
The hard side deals with the tools and techniques used in managingprojects
The soft side deals with the people and project teams involved in
carrying out project activities.Project management provides a basic understanding of how we
should address project uncertainties in a planned manner throughplanning, eecuting, controlling and closing and various issuesthroughout the project's life cycle.
!s the project progresses project management provides the 'singlepoint of integrative responsibility' that is needed to ensure
successful delivery of the project's aims and objectives.
To properly carry out a project from initiating to closing, we requirespeci"c #nowledge and s#ills related to project management.
There are various bodies of #nowledge today that have organi$ed thebasic project management #nowledge areas in di%erent ways.
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Project management nowledge /reas
These are0
!ntegration'cope
Time$ost1uality2uman 3esource$ommunications
3iskProcurement
These are widely recogni(ed as the basis of the projectmanagement discipline.
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Project management nowledge /reas
!ntegration
!ntegration management are the various processes andmethodologies used to integrate all the knowledge areas of projectmanagement and the various phases of the project life cycle.
/ Project can thrive only when good integration processes areavailable to a project manager to eectively integrate all theproject elements.
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Project management nowledge /reas
'cope
'cope management deals with the various processes andmethodologies used to ensure that complete identi)cation
of the deliverables re"uired completing a project is done ina methodical manner.
3emember 4'cope5 is the basis for 4Time5 and 4$ost5 in theProject
Management Triangle
'cope, the basis for time and cost estimatesplays the most crucial step in achieving the projectobjectives without tears.
http://images.google.com/imgres?imgurl=http://www.niwotridge.com/images/BLOGImages/IronTriangle.jpg&imgrefurl=http://www.librarybytes.com/2007/01/explaining-napkin-aka-project.html&h=282&w=334&sz=31&hl=en&start=1&um=1&tbnid=KO6hGAOiD5yGyM:&tbnh=100&tbnw=119&prev=/images%3Fq%3Dproject%2Bmanagement%2Btriangle%26svnum%3D10%26um%3D1%26hl%3Denhttp://images.google.com/imgres?imgurl=http://www.niwotridge.com/images/BLOGImages/IronTriangle.jpg&imgrefurl=http://www.librarybytes.com/2007/01/explaining-napkin-aka-project.html&h=282&w=334&sz=31&hl=en&start=1&um=1&tbnid=KO6hGAOiD5yGyM:&tbnh=100&tbnw=119&prev=/images%3Fq%3Dproject%2Bmanagement%2Btriangle%26svnum%3D10%26um%3D1%26hl%3Den
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Project management nowledge /reas
Time
The eective planning and accomplishment of activities timing andphasing is a
central skill of project management.
Time scheduling+phasing comprises specifying the processes re"uiredto
ensure timely completion of the project.
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Project management nowledge /reas
$ost
$ost Management is the process of estimating the proper cost thatshould
reasonably be expected to be incurred against a clear baseline,
understandinghow and why actual costs occur, and ensuring that the necessary
response istaken promptly to ensure that actual costs come under budget.
'uccessful cost management on a project is forward*looking.
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Project management nowledge /reas
3esource
2uman 3esource management concepts help you to
understand the various processes andmethodologies that are used to ensure theeectiveness of a good team leader and eectiveteam members.
2uman resource management is the nuclei of
eective project management.
The common denominator is eective projectleadership and team functioning, as it is the menbehind the machines who ma#e the di%erence.
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Project management &nowledge !reas
uality
uality management concepts help you to understand the various
processesand methodologies used to ensure full compliance of quality policy
andguidelines in completing a project.
uality is ta#en as understood and thus everyone has to meet thequality
standards to be in the game of business.
uality can never be compromised for a long and sustainable businesscompetitive edge.
(emember uality applies to everything in Project Management:)ommercial, *rgani$ation, People, )ontrol, Technical, etc.
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Project management nowledge /reas
$ommunications
$ommunications management is the various processes andmethodologies
used to establish smooth information 6ow and communicationmechanism
throughout the dierent phases of the project life cycle
7ust as the project life cycle is fundamental to structuring the process ofproject
management, communication is fundamental to making it work.
8ective communication with all stakeholders is absolutely mandatory toproject success.
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Project management nowledge /reas
3isk
/ risk in a project is an uncertain event or condition that has a positive or anegative eect on project objectives if it occurs. 3isk includes both threats
tothe projects objectives as well as opportunities to improve those objectives
3isks are present in all projects, whatever their si(e or complexity and
whatever industry or business sector.
3isk management concepts help you to understand the various processesand
methodologies that are used to identify, "uantify and develop strategies torespond to project risks.
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Project management nowledge /reas
Procurement
Procurement is the process of ac"uiring new services or products
Procurement management concepts help you to understand the variousprocesses and methodologies used to ensure the complete mechanism
of
soliciting and procuring the relevant services or products from thesuppliers.
8ective procurement management is when there is an alignment ofvision
amongst the suppliers and buyers to work together in improving projectperformance