PROJECT MANAGEMENT INTRODUCTION. 1 Powered by POeT Solvers Limited

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1 PROJECT MANAGEMENT INTRODUCTION 1 Powered by POeT Solvers Limited

2 This presentation is copyright 2013 by POeT Solvers Limited. All rights reserved. This presentation is protected by the Nigerian Copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of POeT Solvers Limited. You may not alter or remove any trademark, copyright or other notices. PMP, CAPM, PMI, PMBOK Guide are registered marks of Project Management Institute, Inc. 2 Powered by POeT Solvers Limited

3 At the end of this training, our goal is for you to: Be able to explain what PMBOK stands for in PMBOK guide Be able to argue that PMBOK guide is not a methodology but a framework Be able to describe the difference between Project and Operations, Program management, Portfolio management and Project Management Office Be able to name six competing project constraints 3 Powered by POeT Solvers Limited

4 PMBOK Guide Project Management Body Of Knowledge Guide It represents an attempt to document all the knowledge about Project Management 4 Powered by POeT Solvers Limited

5 Not a PM Methodology This standard is a guide rather than a methodology. One can use different methodologies and tools to implement the framework It represents a high level framework of the total knowledge of the Art of Project Management. 5 Powered by POeT Solvers Limited

6 Project A project is a temporary endeavor undertaken to create a unique product service or result This definition is a pmi-ism, which means a definition or term that is specific to the PMBOK Guide, the PMI or the PMP examination 6 Powered by POeT Solvers Limited

7 Definition of a Project Temporary Clear beginning and end Unique New, never been done before Product, Service or Result Not all project outputs can be touched 7 Powered by POeT Solvers Limited

8 Why we undertake projects Market Demands Organizational Needs Customer Requests Document Technological Advancements Legal Requirements 8 Powered by POeT Solvers Limited

9 Implementing the vision Vision Project Reality 9 Powered by POeT Solvers Limited

10 Project vs. Operation Projects complete an objective, then cease to exist Operations continue indefinitely and sustain the core business 10 Powered by POeT Solvers Limited

11 Project Management The application of knowledge, skills, tools and techniques to project activities to meet the project requirements How to apply? Customize and tailor the tools to needs Apply the appropriate and necessary parts of the knowledge and methodology to projects, where appropriate 11 Powered by POeT Solvers Limited

12 Two essential terms Progressive elaboration and Rolling wave planning Traits of Projects Step by Step Begin Board Add detail overtime 12 Powered by POeT Solvers Limited

13 Project Execution Project Management is accomplished through the application and integration of the project management processes of initiating, planning, executing, monitoring & controlling and closing Identify Establish Address Balance 13 Powered by POeT Solvers Limited

14 Constraints Triple Constraints Competing Project Constraints 14 Powered by POeT Solvers Limited

15 Competing Project Constraints 15 Powered by POeT Solvers Limited

16 Areas of expertise Project management body of knowledge Application knowledge, standards & regulations Understanding the project environment Management knowledge and Skills Interpersonal Skills 16 Powered by POeT Solvers Limited

17 Application Area Knowledge Functional departments Technical elements Management specialization Industry groups You may or may not have these on your projects 17 Powered by POeT Solvers Limited

18 Application Area Knowledge Cultural Social International Political Physical 18 Powered by POeT Solvers Limited

19 General Management Planning Executing Controlling 19 Powered by POeT Solvers Limited

20 Supporting Areas Accounting Sales Health and Safety Manufacturing Distribution Planning Contracting HR Purchasing IT 20 Powered by POeT Solvers Limited

21 Interpersonal Skills Communication Negotiation Motivation Problem Solving Influence Leadership 21 Powered by POeT Solvers Limited

22 The whole context Portfolio management Program Management Program Management Office 22 Powered by POeT Solvers Limited

23 Portfolio It is a collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. The projects or programs of a portfolio may not necessarily be interdependent or directly related 23 Powered by POeT Solvers Limited

24 Program A group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually. Programs may include elements of related work outside of the scope of the discrete projects in the program 24 Powered by POeT Solvers Limited

25 Project Management Office An organizational body or entity assigned various responsibilities related to the coordinated management of the programs under its domain. The responsibilities of a PMO can range from providing project management support functions to actually being responsible for the direct management of a project Powered by POeT Solvers Limited

26 Project Management Functions Training Resource Coordination Methodology Document Repository PM oversight Standards Career Management 26 Powered by POeT Solvers Limited