Group-1 - The-World-Of-Project-Management (10
Group-1 - The-World-Of-Project-Management (10
(GROUP 1)
LEARNING OBJECTIVES
Project Management
What is Project?
A project is a temporary endeavor undertaken to create unique product, service or
result.
A project:
Can involve a single person, single organizational unit, or multiple
organizational units.
Can create:
o A product that can be either a competent of another item or an end
item in itself.
o A capability to perform a service.
o A result such as an outcome or document.
Characteristics of Projects
1. Unique
2. Specific Deliverables
3. Specific Due date
Managing a project typically includes:
1. Identify requirements
2. Addressing the various needs, concerns, and expectations of the project is
planned and carried out
3. Balancing the competing project constraints including, but not limited to:
Scope
Quality
Schedule
Budget
Resources
Risk
PROJECT MANAGEMENT
is the application of knowledge, skills, tools, and techniques to project activities to
meet the project requirements.
PROJECT MANAGER
• is the key individual on a project
• like a mini-CEO
• always has responsibility, may not have necessary authority.
WHY PROJECT MANAGEMENT?
The main purpose for initiating a project is to accomplish some goal
Project management increases the likelihood of accomplishing that goal
Project management gives us someone (the project manager) to spearhead
the project and to hold accountable for it’s completion.
TRENDS IN PROJECT MANAGEMENT
• Achieving strategic goals
• Achieving routine goals
• Improving project effectiveness
• Virtual projects
• Quasi-Projects
GENERAL MANAGEMENT
• is a process which involves monitoring and regulating various activities and
operations of the organization
• refers to the management of the organization's entire operations and
processes in order to ensure coordination and optimum resource usage.