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Session1 2 Pm-Merged
Session1 2 Pm-Merged
PROJECT MANAGEMENT
SESSION 1-2
Agenda
Construction of a Building
Configuring a new network
infrastructure of an organization
MARS exploration mission of NASA
Setting up a disaster recovery center for
an organization
Updating any hardware drivers in the
whole organization system
Great Wall of China was a project
Taj Mahal construction
A man reaching moon, designing a car,
or software
Exercise
Example: Original deadline for Bangalore Metro phase 1 was March 2010.
After missing atleast 9 subsequent publicly announced deadlines, the phase 1
metro was finally opened to public in Oct 2011.
Cost
Cost Management could actually rank first in this list
Evaluate, Look forward and reforecast to compare with the original budget.
Every qualitative checks during the course of the project is worth it instead
of somehow working through the project and completing it with only the
PM being happy.
Cost, schedule, Quality are just one part of the puzzle, but did the project meet the
original benefits it set out for?
Do the problems that led to the project being conceived still exist? Are you working
on something nobody wants?
What if people find shared cabs a better, more convenient and cheaper alternative to
metro?
What is Project Management?
Project management is the application of knowledge, skills, methods, experience,
tools and techniques on project activities to meet the project objectives.
Business leaders understand that project management is a function within the
organization and hire individuals that are specifically trained in this discipline
(Project managers) to handle organization's project management needs.
Managing Project involves
identifying requirements
Addressing various needs, concerns, expectations of the stakeholders in planning and
executing the project
Maintaining, setting up proper communications among the stakeholders
Managing stakeholders towards meeting project requirements and creating project
deliverables
Competing project constraints: Scope, Quality, Schedule budget, resources and risks
Projects, Programs, Portfolios
Programs
• Programs are commonly defined as a group of related projects that provide certain benefits
when managed together
• Managing the development of all e-commerce projects can be a program
• Equation: Programs = Subprograms + Projects and Sub projects
Portfolios
• Portfolios are not just a group of programs but can also include projects that do not align with
any program
• Managing all types of website development related to projects and programs can be a
portfolio while managing all mobile apps related pojects and programs can be another
portfolio.
• Equation: Portfolio = Sub Portfolios + Programs and subprograms + Projects and subprojects
Projects, Programs, Portfolios
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18 Projects, Programs, Portfolios Interaction
19 Program Management
Managing multiple projects in a co-ordinated fashion to achieve the required benefits/ objectives
20 Portfolio Management
Portfolio Management objective is to achieve strategic objectives or an organization.
❖ Market Demand
❖ Strategic Opportunity/ Business Need
❖ Social Need
❖ Environmental Consideration
❖ Customer Request
❖ Technological Advance
❖ Legal Requirement
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Agenda Check
PROJECT MANAGER
Person assigned by the
performing organization to lead
the team that is responsible for
achieving project objective
FUNCTIONAL MANAGER
Focuses on providing OPERATIONS MANAGER
management oversight for a Ensures that business
functional or business unit operations are efficient
Managers
PMI Talent Triangle
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Organizational Structure
There is no one size fits all structure for any given organizations. The final structure is
unique due to the numerous variables to be ocnsidered
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Credit: Trinity
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Project Management Office (PMO)
The Project management Life Cycle comprises of the stages or phases that a
project typically goes through
Each project essentially has four phases: Initiation, Planning, Execution and
Closure.
Monitoring and Controlling is one activity that is common to all the phases.
PMLC
Types
The project takes a phase by phase approach whereby the work on each phase is
completed before moving onto the next phase.
For instance. All requirements must be signed off before development can begin
The project team can start working on a single set of requirements once they are
signed off instead of waiting for entire requirements to be freezed.
Just like the Waterfall model, the project will take the phase by phase approach
but multiple times
The outcome could be an instance of the end product which can be improved in
further iterations.
THANK YOU
PLC
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Advantages of Multiple Iteration of Project Management
Process
• Replanning of Project – Replan the entire phases of the project, doing the
refine, improve and replanning.
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PROJECT INTEGRATION
MANAGEMENT
CHAPTER – 4 (pmbok 6TH EDITION)
AGENDA
Why manage integration?
Develop Project Charter
Develop Project Management Plan
Direct and Manage Project work
Manage Project Knowledge (New Addition)
Monitor and control Project work
Perform Integrated Change control
Close Project or Phase
Deming Cycle and PM Processes
Develop Project Charter
To create a document that formally authorizes a project.
Project Charter template
Project+Charter+Template.docx
STATEMENT OF WORK (SOW)
Narrative description of products or services to be delivered by the project. Every
project SOW should include:
Business Needs
Product Scope description
Strategic Plan
Business Case
Business case
Defines why project is worthy of the organizations money to be invested
A justification document
Typically business need and cost/benefit analysis is part of this document
Contract
Its not always needed, if organization does project for others this is required
Cases are created so that a project can answer or satisfy one of the following:
Market demand
Business need
Customer request
Technological Advance
Legal Requirement
Social Need
Benefits Measurement Models
Murder Board
Peer review
Scoring Models
Cash Flow Analysis techniques
Payback Period
NPV
IRR
ROI
Mathematical Models
Linear, Dynamic, Integer, Non-linear, Multi Objective Programming
To define, prepare and coordinate all subsidiary plans and integrate them into a
detailed Project management Plan.
To lead and perform the work defined in the project management plan
To lead and perform the changed work
Manage Project Knowledge
Manage Project Knowledge is the process of using existing knowledge and creating
new knowledge to achieve the project's objectives and contribute to organization's
learning (PMBOK 6th 2018).
Monitor and Control Project Work
To track, review and report the progress
Perform Integrated Change Control
To review all change requests, approve changes and managing changes
Configuration Management
CM with Integrated Change Control
Evolutionary Method
Opportunity to validate impact of change and its impact
Mechanism for communication
CM Activities
Identify Configuration Items
Status Accounting
Verification and Audits
To finalize all activities to formally complete the project or a project phase.
Project Scope Management
Session 8
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Agenda
• Significance of managing scope
• Conceptual definition of Project Scope
• Plan Scope Management
• Collect Requirements
• Define Scope
• Create WBS
• Validate Scope
• Control Scope
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Significance of Project Scope
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Requirements Management Plan
Performing
Scope
Verification at
the end of each
phase and end
of the project
Creation of
Structure of WBS
Detailed
Project Scope
statement
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Collect Requirements
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Mindmaps
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Context Diagram
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PMBOK Requirement Traceability Matrix
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Requirement Traceability Matrix
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Define Scope
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Create WBS
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What is WBS?
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What is WBS?
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WBS Structure
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Crux To Remember
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Why WBS required?
Define what needs to be done in the project and the order in
which activities and their tasks should be completed
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Features of WBS document
Shared with all Project
stakeholders
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Pre-requisite to develop WBS
WBS Prerequisite
Project Proposal: Outline, intended
outcome and deliverables
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Creation or Developing structure of WBS
• Top down technique, starting for project outputs, to activities, to specific tasks
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Levels of WBS
• Level 1: Milestones or Project output
• Level 2: Activities
• Level 3: Task
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Use of Mind Mapping for WBS Creation
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How we develop WBS?
Decomposition Terminologies:
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WBS Dictionary
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Validate Scope
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Control Scope
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