Lect 1 project management
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The document discusses the nature of projects and project management, defining a project as a temporary endeavor with specific objectives and constraints. It outlines the project life cycle phases: defining, planning, executing, and closing, emphasizing the importance of structured management practices. Key project management functions include planning, organizing, staffing, directing, controlling, coordinating, and communicating.
Lect 1 project management
- 1. Lecture NO.1 Muhammad Bilal Ms. Engineering Management
- 2. WHAT IS A PROJECT? The Project Management Institute provides the following definition of a project – A PROJECT is a temporary endeavor undertaken to create a unique product, service, or result or – A Project is a job that has a beginning and an end (time), a specified outcome ( scope) at a stated level of quality (performance), and a budget (cost).
- 3. Introduction to Project Like most organizational effort, the major goal of a project is to satisfy a customer’s need. Beyond this fundamental similarity, the characteristics of a project help differentiate it from other endeavors of the organization. Major characteristics of a project are as follows: 1. An established objective. 2. A defined life span with a beginning and an end. 3. Usually, the involvement of several departments and professionals. 4. Typically, doing something that has never been done before. 5. Specific time, cost, and performance requirements.
- 4. The Project Life Cycle Many project managers find it useful to use the PROJECT LIFE CYCLE as the cornerstone for managing projects. The life cycle recognizes that projects have a limited life span and that there are predictable changes in level of effort and focus over the life of the project. There are a number of different life-cycle models in project management literature. For instance:- A new software development project may consist of five phases: Definition, Design, Code, Integration/Test, & Maintenance. The project life cycle typically passes sequentially through four stages: Defining, Planning, Executing, & Delivering or Closing.
- 5. The Project Life Cycle (Cont..) Defining stage: In Definition Stage all the Specifications of the project are defined; project objectives are established; teams are formed; major responsibilities are assigned. Planning stage: The level of effort increases, and plans are developed to determine what the project will entail, when it will be scheduled, whom it will benefit, what quality level should be maintained, and what the budget will be.
- 6. The Project Life Cycle (Cont..) Executing stage: A major portion of the project work takes place—both physical and mental. The physical product is produced (a bridge, a report, a software program). Time, cost, and specification measures are used for control. Is the project on schedule, on budget, and meeting specifications? Closing stage: Closing includes three activities: delivering the project product to the customer, redeploying project resources, and post-project review. Delivery of the project might include customer training and transferring documents. Redeployment usually involves releasing project equipment/materials to other projects and finding new assignments for team members. Post-project reviews include not only assessing performance but also capturing lessons learned.
- 7. The Project Life Cycle (Cont..) Figure 1.1 Project Life Cycle
- 8. Project Management (PM) Project management is a displine of organizing and managing resources in such a way that a project is completed within a defined scope, quality, time and cost constraints.
- 9. Functions of Project Management • Planning • Organizing • Staffing • Directing • Controlling • Co-ordinating • Communicating