PMP Training Course - Project Management Framework

PMI Project Management Professional (PMP)® Workshop

PMP Certification Training

© 2015 Skillogic Knowledge Solutions. All Rights Reserved

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Project Management Framework


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What is a Project? What is a Project?

A project is a temporary endeavour undertaken to create a unique product, service or result.

A project can create: A product that can be either a component of another item

or an end item in itself.A capability to perform a service or,A result such as an outcome or document.


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Programs & PortfolioProject Management exists in a broader context governed by: Program Management and Portfolio ManagementProgram Management:

It is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. It focuses on project interdependencies and optimal approach for managing them

For example,New communications satellite program include projects like satellite design, construction of satellite, ground stations and launch of satellite


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Programs & portfolio

Portfolio Management:It refers to a collection of projects or programs (may

not be necessarily related or interdependent) and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives.

For example,Infrastructure firm’s strategic objective: Top company

in Infra their portfolio includes projects in oil and gas, power, roads and airports etc…


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What is Project Management? It is the application of knowledge, skills, tools and techniques

to project activities, Using the 47 processes and 5 process groups i.e. Initiating,

Planning, Executing, Monitoring & Controlling and Closing with appropriate application and integration, project management can be accomplished.


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Project Constraints

Scope

Quality

Schedule

Budget

Resources

Risk


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Project Vs Operations Operations are an organizational function performing the

ongoing execution of activities that produce the same product or provide a repetitive service

Examples: Manufacturing, Production operations etc… Though temporary in nature Projects can help achieve the

organization goals when they are aligned with the organization’s strategy.


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PMO – Project management office

A project management office is an organizational body or entity assigned various responsibilities related to the centralized and coordinated management of projects under its domain.

Role of PMO• Supportive• Controlling• Directive


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Primary functions of PMO

Managing shared resources across all projects Identifying and developing PM methodology, best practices and standards

Monitoring compliance with PM standards, policies, procedures etc Via project audits.

Developing and managing Organizational Process Assets (OPA).

Coordinating communication across projects Managing interdependencies among projects at the enterprise level


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Organizational influences on Project Management

Organizational Cultures and

Styles

Organization

al Communicati

ons

Organizational Structures


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Types of Organizations Functional Matrix

• Weak Matrix• Balanced Matrix• Strong Matrix

Projectized Composite


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Functional Organization


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Projectized Organization


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Composite Organization


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Influences of Organizational Structures on Projects


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Organizational Process Assets Processes and Procedures

• Standards & Policies• Quality Policies and Procedures, Guidelines, Templates, Tailoring guidelines• Proposal evaluation criteria• Performance Measurement Criteria• Communication Guidelines• Project Closure Guidelines• Financial Control Procedures• Issue & Defect Management• Change Control, Risk Management, Work Authorization etc.


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Organizational Process Assets

Corporate Knowledge Base• Process measurement database• Project Files, Historical information• Issue & Defect Database• Lessons Learnt• Configuration management databases• Financial databases


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Enterprise Environmental Factors Organizational or company culture Government or industry standards Political Climate Infrastructure Existing human resource Personnel administration Company work authorization system Marketplace conditions Stakeholder risk tolerances Commercial databases Project Management Information Systems


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Project Stakeholders and GovernanceFollowing are some examples of Project Stakeholders Sponsor Customer and users Sellers Business Partners Organizational Groups Functional managers


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Project Team

Project team includes roles such as: Project management staff Project staff Supporting experts User or Customer Representatives Sellers Business partner members


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Project Life Cycle

A collection of sequentially (typical – and sometimes overlapping) project phases determined by management and needs of the organization

Characteristics of the project life cycle: Starting the project Organizing and preparing Carrying out project work Closing the project


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5 Process Groups

Initiating

Planning

Executing

Monitoring and controlling

Closing


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10 Project Management Knowledge Areas

IntegrationScopeTimeCost

QualityHuman ResourceCommunications

RiskProcurementStakeholder


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PMP Training Course - Project Management Framework