What
is Project?
It is a
temporary Endeavor undertaken to create a unique product or result
A project can be
Product :
Component fot itself and input to other component
Service : A
business that perform production or distribution
Result: Such as
an outcome (trend analysis, reports)
What
is Progressive Elaboration?
It
involves continuously improving and
detailing a plan as more detailed and accurate estimates become available.
Proj. mgmt plan is iterative and goes thru Progressive elaboration thru'out
life cycle
What is
Project Mgmt?
is the appln of
knowledge skills, tools and techniques
to project activities to meet the proj. requirements
with 42 logical
Project mgmt processes
5 Processes
group
Process groups
Initiating
planning
executing
monitoring
and controlling
closing
Balancing the
completing project constraints includes
Scope
Quality
schedule
budget
resource
risk
relationship of
one factor is affected, other is being affected
if schedule is
shortened, budget for resource is being allocated. If not , quality is being
affected
What
is Organizational planning ?
Impacts the
projects by means of project priorization based on risk, funding and strategic
plan/
can direct the
funding
collections of
programs, project and other work related are grouped togetther to achieve the
objectives
One or more
strategic planning
Market demand
business need
Customer
request
technological
advance
legal requirements
What is Project Management Office?
Organizational
body
Providing Proj.
mgmt support
maanging all
prject together
delegated
authority to acts an internal stakeholder and decision maker
maaintaining
the resources across projects
Identifying ,
developments proj. methodologies and standards
Coaching,
mentoring, training
managing
project policies, procedures, templates (organization Process Assets)
Coordination
across proj.s
What is Project Mgmt and Operations Mgmt?
Operations are
ongoing execution of activities that produces the result or same activities
Eg for
Operations
manufacturing ,
pruduction operation, accounting operations
Project
requires Project Mgmt and Operation requires Business process mgmt or operation
mgmt
Project Mgmt
can intersect with operation
* At closure of
project
improvement of
operations
knowledge
transfer at the end of project
Role of PM, Functional, operations Mgr
PM to achieve
project objective , The five main powers of PM are are expert, formal,
referent, penalty, reward.
FM : providing
mgmt oversight for an administrative area
Enterprise
Project Management addressed in Organizational Project Mgmt Maturity
Model(OPM3)
What is Enterprise
Refers to both
internal and external factor that surround or infuence prject success
may enhance or
constrain proj. mgmt process
may have
positive or negative influence on the outcome
Organization
culture , structure, processes
Infrastructure
Company work
authorization systems
Personnel
administration (staffing and retention guidelines, employee performance
reviews, training records, overtime policy)
marketplace
condition
stakeholder
risk tolerance
political
climate
organization
established communication channels
proj. mgmt info
system
commerial
DBs(industry risk info system, risk dbs)
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