Project Management Overview
Project Management Overview
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OVERVIEW
• The Standard for Project Management
– Developed using a process based on the concepts of consensus, openness,
due process and balance.
– A foundaVonal reference for PMI’s project management professional
development program and pracVce
• Why need Standard for Project Management
– Every project is unique; project management needs to be tailored to fit the
needs of the project
– IdenVfies the processes that are considered “good pracVces”
• Project managers may use one or more methodology
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COMMON VOCABULARY
• Common vocabulary is an essenVal element of
a professional discipline.
• It gives the standard professional terminology
that are useful and consistent.
• The standard terms help stakeholder to
understand one another, and to manage their
expectaVon
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CODE OF ETHICS AND PROFESSIONAL CONDUCT
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PROJECT PHASE & PHASE GATE
• Project phase is a collecVon of logically related project
that concludes at the compleVon of deliverable(s).
Large and complex projects can be divided into project
phases.
• Phase gate is held at the end of a project phase. Phase
gates may be referred also as phase review, stage gate,
kill point and phase entrance or exit.
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PROJECT MANAGEMENT PROCESSES
• 5 Project management process
groups
• 10 Project management
knowledge areas
• 47 Project management
processes
PMBOK® Guide 6TH Edition ©2017 Project Management Institute, Inc.
Table 1-4, Page. 25 17
PROJECT STAKEHOLDER
• Individual, group or organizaVon that may affect, be
effected by, or perceived itself to be affected by a
decision, acVvity, or outcome of a project
• May have posiVve or negaVve impact on a project or
impacted by a project
• It is the responsibility of a PM team to idenVfy,
analyze, control and monitor as well as manage the
expectaVons of project stakeholder
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PROJECT STAKEHOLDER
• 2 types of stakeholder
1. Internal
§ Sponsor
§ Project team
2. External
§ Customers
§ Suppliers
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Figure 1-4, Page. 551 19
SIGNIFICANT OF PROJECT MANAGEMENT
• EffecVve project management can lead to:
– Meet business objecVves
– SaVsfy stakeholder expectaVons
– Increase chance of success
• IneffecVve project management can lead to:
– Project delay
– Cost overruns
– UnsaVsfied stakeholders
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PROJECT SUCCESS & BENEFIT
• Project success create value and benefits
• OrganizaVons need to manage with Vghter budget, shorter
Vmelines and fewer resources in a volaVle market
• To remain compeVVve, organizaVons must embrace project
management to deliver business value
• EffecVve and efficient project management enable
organizaVon to respond the changes of business environment
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PROJECT, PROGRAM & PORTFOLIO
• A project may be managed in 3 separate scenarios:
1. Stand-alone project
2. Within a program
3. Within a porpolia
• Program – a group of related projects, subsidiary
programs and program acVviVes managed to obtain
the benefits for NOT managing them individually
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PROJECT, PROGRAM & PORTFOLIO
• Porpolio – projects, programs, subsidiary porpolios
and operaVons management managed to achieve
strategic goals.
• Project management differs from Program and
Porpolio management in their life cycles, acVviVes,
objecVves, focus and benefits.
• However, they olen engage with the same
stakeholders to use the same resources
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THE RELATIONSHIP
• Program and project
management focus on
doing programs and
projects the “right” way
• Porpolio management
focuses on doing the
“right” programs and
projecs
PMBOK® Guide 6TH Edition ©2017 Project Management Institute, Inc.
Figure 1-3, Page. 12 24
OPERATIONS MANAGEMENT
• It is an area outside of this guide
• It focuses on the ongoing of a product using opVmal
resources to meet customer needs.
• It concerns with managing processes that transform
“input” into “output”
• OperaVons & Project can intersect during a product life
cycle such as during product development, improvement
process and at the end of product life cycle
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TAILORING
• The appropriate project management processes should
selected to manage a project.
• Not every process, input, tools & technique and output are
the same for every project. Every project is unique.
• Therefore, a “tailoring” is necessary while upholding the
“good pracVce” of project management.
• Tailoring should addressed the importance of each constraint
based on environment, culture and stakeholder needs.
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BUSINESS DOCUMENTS
• Project business case is
usually developed by a
project sponsor.
• The 2 types of documents above is • A PM is responsible for
not dependent on one another. providing oversights and
• The are, however, will be recommendaVon of
developed and maintained project business case,
iteraVvely through the project life-
cycle. management plan etc.
PMBOK® Guide 6TH Edition ©2017 Project Management Institute, Inc.
Table 1-5, Page 29 27
BUSINESS DOCUMENTS
1. Needs assessment
2. Project business case
– Business needs
– Analysis of the situaVon
– RecommendaVon
– EvaluaVon
3. Project Benefit
Management Plan
PMBOK® Guide 6TH Edition ©2017 Project Management Institute, Inc.
Figure 1-8, Page 30 28
BUSINESS DOCUMENTS
• Needs Assessment
– Comes before business case
– Involves understanding business goal, issues & recommendaVon
– The “needs assessment” may be summarized in the business case
document
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BUSINESS DOCUMENTS
• Business Case shall include
1. Business needs
• What prompVng the need for acVon?
• IdenVficaVon of stakeholder affected
• IdenVficaVon of scope
2. Analysis of the SituaVon
• Strategy, goals, objecVves
• Root causes, gap analysis
• Known risks, criVcal success factors, decision criteria
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PROJECT SUCCESS MEASURES
• Project management metrics à Vme, cost, scope & quality
• Project stakeholders à saVsfacVon and business impact
– NPV (Net Present Value)
– Return On Investment (ROI)
– IRR (Internal Rate of Return)
– Etc…
• It is possible that a project is successful from a scope/Vme/cost
viewpoints, but unsuccessful from a business viewpoint
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QUIZ TIME!!!
• 10 problems
• 10 minutes
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