Project Management
PROBLEM 1
Project?
1. Unique purpose 2. Life span 3. Uncertainty 4. Primary customer 5. Resources 6. Developed using progressive elaboration
Project Life Cycle
[pic]
Key Project Constraints
1. Scope – objective of project 2. Time - Deadline 3. Cost - Budget 4. Quality – Extent of satisfaction
Project Stakeholders
Individuals or groups in the organization who have an interest in, or will be affected by, the project result.
E.g. Organiser, team members, vendors
Project Management o Application of knowledge, skills, tools and techniques to project activities to meet project requirements.
o Project managers must strive to meet specific scope, time, cost and quality goals of projects.
o They need to facilitate the entire process to meet the needs and expectations of the people involved in or affected by project activities.
Components • Selection and Scope
• Time and Resource
• Human Resource
• Project Finance
• Project Communications
• Project Quality
• Project Risk
• Change Management
[pic]
PROBLEM 2
Project selection criteria
Financial Models
?Net Present Value (NPV)
?Payback
?Internal Rate of Return (IRR) AKA Breakeven
Non Financial Model
?Multi-Weighted Scoring Model
Considerations ✓ Used as evaluation guides ✓ Should not be used as only means for final decision ✓ Selections of projects should be based on how much their predicted outcomes contribute to the goal / objective achievement
Project organizational structure 1. Functional 2. Dedicated 3. Project Managed 4. Matrix
[pic]
• Perform specialized set of tasks, for instance the engineering department would be staffed only with software engineers.
• Leads to operational efficiencies within that group. However it could also lead to a lack of communication between the functional groups within
Project?
1. Unique purpose 2. Life span 3. Uncertainty 4. Primary customer 5. Resources 6. Developed using progressive elaboration
Project Life Cycle
[pic]
Key Project Constraints
1. Scope – objective of project 2. Time - Deadline 3. Cost - Budget 4. Quality – Extent of satisfaction
Project Stakeholders
Individuals or groups in the organization who have an interest in, or will be affected by, the project result.
E.g. Organiser, team members, vendors
Project Management o Application of knowledge, skills, tools and techniques to project activities to meet project requirements.
o Project managers must strive to meet specific scope, time, cost and quality goals of projects.
o They need to facilitate the entire process to meet the needs and expectations of the people involved in or affected by project activities.
Components • Selection and Scope
• Time and Resource
• Human Resource
• Project Finance
• Project Communications
• Project Quality
• Project Risk
• Change Management
[pic]
PROBLEM 2
Project selection criteria
Financial Models
?Net Present Value (NPV)
?Payback
?Internal Rate of Return (IRR) AKA Breakeven
Non Financial Model
?Multi-Weighted Scoring Model
Considerations ✓ Used as evaluation guides ✓ Should not be used as only means for final decision ✓ Selections of projects should be based on how much their predicted outcomes contribute to the goal / objective achievement
Project organizational structure 1. Functional 2. Dedicated 3. Project Managed 4. Matrix
[pic]
• Perform specialized set of tasks, for instance the engineering department would be staffed only with software engineers.
• Leads to operational efficiencies within that group. However it could also lead to a lack of communication between the functional groups within