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PROJECT MANAGEMENT

Prepare by:

M.Ganesh Murugan

Project Management

Project Management can be described as the Planning,


Scheduling, Directing, and controlling of company resources for
a project which has been established for the completion of
specific goals and objectives

Some of the characteristics of


Projects
Projects are different from ordinary work. They are intended to
change things
Projects have a timeframe with a beginning and an end
Projects have to be planned
Projects use resources and need a budget
Projects require evaluation the criteria for evaluation need to
be established from the beginning
Projects have an outcome, which is not necessarily known at the
outset (beginning)
Projects involve people
Project is always developed in steps and continuing by
increments Progressive Elaboration
A project creates unique deliverables
Project management reduces risk and increases the chance of
success

Project management - The


Triple Constraint
The three most important factors

Time

Cost

Scope

These form the vertices with quality as a central theme.


Projects must be delivered on time.
Projects must be within cost.
Projects must be within scope.
Projects must meet customer quality requirements

Project management Diamond


The Four most important factors
Time
Cost
Scope.
Quality
These form the vertices with Customer Expectations as a
central
theme.

Essential qualities of project


manager
(a) Strong leadership ability
(b) Ability to develop people
(c) Excellent communication skills
(d) Ability to handle stress
(e) Good interpersonal skills
(f) Problem-solving skills
(g) People management (customers, suppliers, functional
managers and project team)
(h) Creative thinking
(i) Time Management

Project Management
lifecycle

The Project Management lifecycle consists of five phases called


Project Management Process Groups

Project Initiation

Project Planning

Doing the work to deliver the product, service or desired outcome.

Project Monitoring and Control

Detailed plans of how the work will be carried out including time, cost and
resource estimates.

Project Execution

Everything that is needed to set-up the project before work can start

Ensuring that a project stays on track and taking corrective action to


ensure it does.

Project Closeout

Formal acceptance of the deliverables and disbanding of all the elements


that were required to run the project.

Project Management Process Knowledge Areas

Integration management
Scope management
Time management
Cost management
Quality management
Human resource management
Communications management
Risk management
Procurement management.

I.
II.
III.
IV.
V.
VI.
VII.
VIII.
IX.
X.
XI.
XII.
XIII.
XIV.
XV.
XVI.
XVII.
XVIII.
XIX.
XX.
XXI.

Project management
activities

Analysis and design of objectives and events


Planning the work according to the objectives
Assessing and controlling risk (or Risk Management)
Estimating resources
Allocation of resources
Organizing the work
Acquiring human and material resources
Assigning tasks
Directing activities
Controlling project execution
Tracking and reporting progress (Management information system)
Analyzing the results based on the facts achieved
Defining the products of the project
Forecasting future trends in the project
Quality Management
Issues management
Issue solving
Defect prevention
Identifying, managing & controlling changes
Project closure (and project debrief)
Communicating to stakeholders

Project Planning
a) Project Goals
A project is successful when the needs of the stakeholders have been met. (directly or indirectly).
1. Identify the stakeholders of a project
Examples of stakeholders are:

The project sponsor

The customer who receives the deliverables

The users of the project outputs

The project manager and project team


2. Establish their needs
Conducting stakeholder interviews Consists of

Create real benefits

Don't deliver benefits

Aren't relevant
3. List of needs is to prioritize

High priority

low priority
4. Create a set of goals

S - Specific, significant, stretching

M - Measurable, meaningful, motivational

A - Attainable, agreed upon, achievable, acceptable, action-oriented

R - Relevant, realistic, reasonable, rewarding, results-oriented

T - Time-based, timely, tangible, trackable

Project Planning
b) Project Deliverables
Create a list of things the project needs to deliver in order to meet
those goals.
Specify when and how each item must be delivered.
Add the deliverables to the project plan with an estimated delivery
date.
More accurate delivery dates will be established during the scheduling
phase, which is next.

Deliverables List
Stage

Initiation
Planning
Requireme
ntsAnalysis
Business
Analysis
Design
Implementa
tion
Rollout
Close

Assigned
Deliverab Descripti Acceptan to(Team
In
Quality Delivered Accepted
leName
on
ce
Member Progress Reviewed (Date)
(Date)
Criteria
Name)
(Date)
(Date)

Project Planning
c) Project Schedule
a) Create a list of tasks that need to be carried out for each deliverable
Each task identify the following:
The amount of effort (hours or days) required to complete the task
Effort required for each deliverable and an accurate delivery date. Update
it.
The resource who will carryout the task
b) create the project schedule by using software package such as Microsoft Project,
templates, etc.,
A common problem discovered at this point is when a project has an imposed
delivery deadline from the sponsor that is not realistic based on your estimates.
In this case contact the sponsor immediately. The options you have in this
situation are:
Renegotiate the deadline (project delay)
Employ additional resources (increased cost)
Reduce the scope of the project (less delivered)

Is the project on schedule Variance Table and Tracking Gantt

Project Planning
d) Supporting Plans
a) Human Resource Plan
Identify by name the individuals and organizations with a leading role in
the project.
Describe their roles and responsibilities on the project.
Describe the number and type of people needed to carryout the project.
For each resource detail start dates, estimated duration and the method
you will use for obtaining them.
b) Communications Plan
A document showing who needs to be kept informed about the project
How they will receive the information.
Example
Weekly/monthly progress report,
Describing how the project is performing, milestones achieved and work
planned for the next period.

ProjectRequirementsChecklist
Item

Quantity

HumanResources
CoreTeamMembers
ParttimeTeamMembers
TechnicalSpecialists
BusinessExperts
PhysicalResources
ProjectWorkspace&Supplies:

OfficeSpace

Software:

WordProcessor

ProjectManagementTool

GraphicsTool

PresentationTool

InternetAccess

Phones

When
Required?

Availability
Secured?

ForHowLong?

Comments/
Action

Project Planning
c) Risk Management Plan
Risk management is an important part of project management.
It is important to identify as many risks to your project as possible and be
prepared if
something bad happens.
Here are some examples of common project risks:
Time and cost estimates too optimistic
Customer review and feedback cycle too slow
Unexpected budget cuts
Unclear roles and responsibilities
Stakeholder input is not sought or their needs are not properly understood
Stakeholders changing requirements after the project has started
Stakeholders adding new requirements after the project has started
Poor communication resulting in misunderstandings, quality problems and
rework
Lack of resource commitment
Risks can be tracked using a simple risk log. Add each risk you have identified to
your risk log and write down what you will do in the event it occurs and what
you will do to prevent it from occurring.
Review your risk log on a regular basis adding new risks as they occur during the
life of the project.

RISK LOG

FORM [029]
Ref:
Version:

Programme:
RISK IDENTIFIER:
[0001]

Project:
Description:

PRINCE2
Risk Category:
[e.g. commercial, legal,
technical]

Probability:
[estimate of likelihood]

Impact:
[effect on project/programme/organisation if risk were to occur]

Proximity:
[how close in time is risk likely
to occur]

Countermeasures:
[what actions have been taken/will be taken to counter this risk]
Owner:
[person appointed to monitor
this risk]

Author:
[who
submitted
this risk]

RISK IDENTIFIER:
[0002]

Description:

Risk Category:

Probability:
Countermeasures:
Owner:

Impact:

Proximity:

Author:

Date Identified:

Date Identified:

Date of Last Update:

Date of Last Update:

Current Status:
[e.g. reducing, dead,
increasing,]

Current Status: