Chapter SIX

PROJECT MANAGEMENT
INTRODUCTION
DEFINITION OF PROJECT
MANAGEMENT
is the discipline of planning,
organizing, securing and
managing resources to achieve
specific goal(s).
OR
is the science and art of
organizing the components of a
project.
NATURE OF PROJECT
MANAGEMENT
A PROJECT is a temporary exercise.
with defined BEGINNING and an
END undertaken to meet specific
goal(s).
in other words, A PROJECT:
is temporary, and
specific.
FURTHER, a PROJECT has FUNDING
LIMITS.
STAGES OF PROJECT
MANAGEMENT
INITIATION
PLANNING & DESIGN (or
development),
EXECUTION
MONITORING & CONTROLLING
CLOSING
STAGES OF PROJECT
MANAGEMENT cont.
INITIATION
define the project
determine the scope of the
project
identify key stakeholders
identify project goals, and
develop statement of work.
STAGES OF PROJECT
MANAGEEMNT cont.
PLANNING AND DESIGN
planning takes place
list all activities
estimate resource requirements
estimate time and cost of activities
develop budget
gather stakeholder approval to
begin work.
STAGES OF PROJECT
MANAGEMENT cont.
EXECUTION
doing the actual work, and
co-ordinating people and
resources.
STAGES OF PROJECT
MANAGEMENT cont.
MONITORING & CONTROLLING
tracking progress, and most
importantly
identifying corrective measures
(if any) to address potential
shortcomings.
STAGES OF PROJECT
MANAGEMENT cont.
CLOSING
ending of the project
writing a final project report
communicating final report to a
stakeholder/s and
documenting lessons learned.
TOOLS AVAILABLE TO ASSITS
PROJECT MANAGERS
templates
checklists and
planning software.
CHALLENGES FACING
PROJECT MANAGERS
a. delays in delivery of raw materials,
b. lack of raw materials,
c. price increases,
d. departure (or resignation) of
experienced staff,
e. technological advancements (i.e.
new software).
f. natural factors (vis major) i.e.
floods, earthquakes, droughts etc.