Project Management

System Theory & Project Life Cycle

Source : John Wiley & Sons, Inc.

 Project Manager
• Project manager is the key individual on a
project
• Project manager is like a mini-CEO
• While project manager always has
responsibility, may not have necessary
authority
 Trends in Project Management
• Achieving strategic goals
• Achieving routine goals
• Improving project effectiveness
• Virtual projects
• Quasi-projects
 Recent Changes in Managing
Organizations
1. Consensual management
2. Systems approach
3. Projects as preferred way to accomplish
goals
 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 its completion
 Negative Side to Project
Management
• Greater organizational complexity
• Higher probability organizational policy will
be violated
• Conflict
 The Project Life Cycle
• Initiating
• Planning (scheduling)
• Executing
• Monitoring and Controlling
• Closing (Phase out or Transfer)
The Project Life Cycle

Figure 1-3
Time Distribution of Project
Effort

Figure 1-4
Another Possible Project Life
Cycle

Figure 1-5
Risk During at the Start of the
Life Cycle

Figure 1-6
Risk During the Life Cycle

Figure 1-7
 Part I: Project Initiation
1. Projects in Contemporary Organizations
2. Strategic Management and Project Selection
3. The Project Manager
4. Negotiation and the Management of Conflict
5. The Project in the Organizational Structure
 Part II: Project Planning
6. Project Activity Planning
7. Budgeting and Cost Estimation
8. Scheduling
9. Resource Allocation
 Part III: Project Execution
10. Monitoring and Information Systems
11. Project Control
12. Project Auditing
13. Project Termination