Introduction: Why Project Management?
Achieving Competitive Advantage
Jeffrey K. Pinto
PROJECT PROFILE – Disney’s Expedition Everest
1. WHAT IS A PROJECT?
General Project Characteristics
2. WHY ARE PROJECTS IMPORTANT?
PROJECT PROFILE – Dubai – Land of Mega-Projects
3. PROJECT LIFE CYCLES
PROJECT MANAGERS IN PRACTICE – Christy Rutkowski, Regency Construction
4. DETERMINANTS OF PROJECT SUCCESS
PROJECT MANAGEMENT RESEARCH IN BRIEF – Assessing Information Technology (IT) Project Success 5. DEVELOPING PROJECT MANAGEMENT MATURITY
6. PROJECT ELEMENTS AND TEXT ORGANIZATION
Case Study 1.1 – MegaTech, Inc.
Case Study 1.2 – The IT Department at Hamelin Hospital
PMP Certification Sample Questions
1.1 GENERAL PROJECT CHARACTERISTICS
1) Projects are ad hoc endeavors with a clear life cycle.
2) Projects are building blocks in the design and execution of organizational strategies.
3) Projects are responsible for the newest and most improved products, services, and organizational processes.
4) Projects provide a philosophy and strategy for the management of change.
5) Project management entails crossing functional and organizational boundaries.
6) The traditional management functions of planning, organizing, motivation, directing, and control apply to project management.
7) The principal outcomes of a project are the satisfaction of customer requirements within the constraints of technical, cost, and schedule objectives.
8) Projects are terminated upon successful completion of performance objectives
1.2 DIFFERENCES BETWEEN PROCESS AND PROJECT MANAGEMENT
Repeat process or productNew process or product
Several objectivesOne objective
On-goingOne shot - limited life
People are homogenousMore heterogeneous
Well established systems inSystems must be created to
place to integrate efforts integrate efforts
Greater certainty ofGreater uncertainty of
performance, cost, schedule performance, cost, schedule
Part of line organizationOutside of line organization
Bastions of establishedViolates established
Supports status quoUpsets status quo
1.3 WHY ARE PROJECTS IMPORTANT?
1. Shortened product life cycles.
2. Narrow product launch windows
3. Increasingly complex and technical products
4. Emergence of global markets
5. An economic period marked by low inflation
1.6 PROJECT SUCCESS - THE QUADRUPLE CONSTRAINT
1.7 PROJECT MANAGEMENT MATURITY
1.8 PMBoK KNOWLEDGE AREAS
1. What are some of the principle reasons why project management has become such a popular business tool in recent years?
In today’s market, the length of product life cycles is shortening. This means businesses are under pressure to produce new or improved products at an increasingly rapid past. Growing global markets, consumer tastes, and competition demand that products constantly be improved to be better, faster, sleeker, and offer more features. Most organizations are planning their next product or product improvement as their latest innovation is just on its way out the door. Under conventional business practices keeping up with this demand for innovation can be difficult. Project management offers companies a manner in which to become more innovative and to develop products at a faster pace.
2. What do you see as being the primary challenges to introducing a project management philosophy to most organizations? That is, why is it difficult to shift to a project-based approach in many companies?
Many companies encounter a resistance to...