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1 Challenges in Projects Under Uncertain Environment Ans Strategic Project Management
1 Challenges in Projects Under Uncertain Environment Ans Strategic Project Management
• Contact Person
• Ashitha (from IIMK) – on Administrative issues
• e-mail : csmdp11@iimk.ac.in , phone no: 0495-2809388
PURPOSE
• To accomplish some objective or goal
STRUCTURE
• A set of interrelated jobs whose accomplishment leads to the completion
of the project
• Jobs or activities consume time and resources and are governed by
precedence relations
What is a project?
“A Project is an agreed upon set of
resources and activities that have
been designed to produce
predetermined outputs within a
given budget and time limit”
A Temporary endeavor undertaken to create a unique product, service or results
(https://www.pmi.org/about/learn-about-pmi/what-is-project-management)
Te r m Me ans that a Pr
Specific ojeLife
Fixed ct Huge but
temporary Has a beginningSpan
objective(s) and end limited Budget
endeavor Involves effort, work
to create Has an intention to produce something (project
"deliverables" Due Date
Scope Budget (Cost)
unique One of a kind, rather
(Time) than a collection of identical items
“A Project Tangible
product is an agreed
objects,
uponbut
set could includeand
of resources things like
activities that
computer software, film or stage works
have
service
been designed to produce predetermined outputs within a
Might include the establishment of a day-care center,
given budgetfor instance,
and but not its daily operations.
time limit”
Complexity vs Uncertainty
Week 2 Sunday 7th February, 2021 6.45-9.45pm Project selection, Project Organization structure, Defining the project (Scope and Charter) 3
Week 5 Sunday 28th February, 2021 6.45-9.45pm Developing Project Plan-I: Creating WBS, Project Time estimation 3
Week 7 Sunday 14th March, 2021 6.45-9.45pm Developing Project Plans-II (CPM & PERT), Project Risk Management 3
Week 9 Sunday 28th March, 2021 6.45-9.45pm Projects Crashing, Fast Tracking, Critical Chain Project Management 2
Software Project Management Methodology (Agile- Scrum, Kanban, Scrunban, Discipline Agile
Week 10 Sunday 4th April, 2021 6.45-9.45pm 3
Introduction)
Saturday & 10th April,2021 & 11th 9.00am-6.00pm Working with Ms Project (4), Negotiation and conflict management (2), Project Simulation &
Week 11 12
Sunday April, 2021 (incampus) Debrief (3), Managing project teams (2), Project monitoring (1)
Saturday & 17th April, 2021 & 18th 9.00am-6.00pm Working with Ms Project (4), Negotiation and conflict management (2), Project Simulation &
Week 12 12
Sunday April,2021 (incampus) Debrief (3), Managing project teams (2), Project monitoring (1)
Week 13 Sunday 25th April, 2021 6.45-9.45pm BREAK (BUFFER SESSION) 0
Week 15 Sunday 9th May, 2021 6.45-9.45pm Project Management in IR 4.0, Managing Projects in post COVID world 3
Week 16 Sunday 16th May, 2021 6.45-9.45pm Resilient Leadership and crisis management 3
Week 18 Sunday 30th May, 2021 6.45-8.45pm Project Control Systems, Project Procurement Management 2
Week 19 Sunday 6th June,2021 6.45-8.45pm Vendor relationship management, Stakeholderengagement & International Project management 2
Week 21 Sunday 20th June, 2021 6.45-8.45pm Adaptive Project Management, Project Audit and closure 2
44% 45%
Small 11%
7% 68% 25%
Medium
3% 55% 42%
Large
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
(Standish Group)
Adapted from: Project Management in India: Insights from Six Key Sectors
Times of India,NewDelhi, April 8, 2010
Establishing Project Priorities
• Shifts in the relative importance of criterions
related to cost, time, and performance Scope
parameters
• Budget–Cost
• Schedule–Time
• Performance–Scope
Quality
Managing the Priorities of Project Trade-offs
• Constrain: the parameter is a fixed Cost Time
requirement.
Project Trade-offs
• Enhance: optimizing that parameter over
others.
Better
• Accept: reducing (or not meeting) a parameter
requirement.
• Which criterion can be relaxed?
• is it okay for schedule to slip/ reduce scope/ Faster Cheaper
have cost overruns?
Project Priority Matrix
Performance is
critical
It has to be
attained
Try as much as
possible to quickly
finish the project
Going over budget
though not
desirable is
➢ Don’t have to have 1 in each, but is the most typical. acceptable
➢ Don’t make mistake of having all be enhance.
➢ Typically we have at least 1 accept.
Should a Project Manager be
worried about the Projects’
impact on long term
perspective of an organization?
Kaveri Engine for LCA is running late by 16 years and the cost has
escalated by around 800 per cent
• interdependent,
NO YES
NO NO
Deployment Projects
STRUCTURED
PROJECT
MANAGEMENT
• Performance Targets,
• Cost Targets,
METHODOLOGY
• Time Project Targets
Questions