Project management intro 2 prince2 methodology
- 1. INTRODUCTION - PROJECT Bhatlapenumarthi.Prabhu Accredited Trainer - Axelos
- 2. PROJECTS IN CONTROLLED ENVIRONMENT – PRINCE2 THE IMPORTANCE OF PROJECTS To maintain current business operations – Profitability ,Service Quality , Customer Relationships , Brand Loyalty , etc., famously known as “ BUSINESS AS USUAL” To transform business operations in order to survive and compete the future Important to have balance between business as usual and business change Projects are the means by which we introduce change
- 3. A PROJECT IS A TEMPORARY ORGANIZATION THAT IS CREATED FOR THE PURPOSE OF DELIVERING ONE OR MORE BUSINESS PRODUCTS ACCORDING TO AN AGREED BUSINESS CASE PRINCE2 -PROJECT DEFINITION
- 4. CHARACTERISTICS OF PROJECT CHANGE Projects are the means by which we introduce change TEMPORARY As definition states projects are temporary in nature. Once the desired change is implemented, business as usual resumes. Projects should have definite start and defined end CROSS-FUNCTIONAL Projects involve a team of people with different skills working together to contribute for success – external / internal UNIQUE Every project is unique in someway – different team , customer, location etc., UNCERTAINITY Clearly , each project will introduce threats and opportunities .Projects are more risky
- 5. PROJECT MANAGEMENT IS THE PLANNING , DELEGATING,MONITORING AND CONTROL OF ALL ASPECTS OF THE PROJECT, AND THE MOTIVATION OF THOSE INVOLVED, TO ACHIVE THE PROJECT OBJECTIVES WITHIN THE EXPECTED PERFORMANCE TARGERS FOR TIME, COST, QUALITY, SCOPE ,BENEFITS AND RISKS PRINCE2 –PROJECT MANAGEMENT METHOD
- 6. A new house is completed by creating drawings, foundations, floors, walls , windows a roof … None of this is Project Management So why do we need Project Management ? The purpose of project management is to keep control over specialist work to create the projects products Ensure that roofing contractor doesn’t arrive before the walls are built so project manager has to plan sequence of activities
- 7. What does a Project Manager do ? Project Manager Plans the sequence of activities Project Manager Delegates the work to team Project Manager ensures go according to plan Project Manager responsibility to Monitors the progress Project Manager exerts Control and spots any opportunity to speed up the work. The Aim of PRINCE2 is to make the right information available at right time for the right people to make the right decision
- 8. PRINCE2 IS AN INTEGRATED FRAMEWORK OF PROCESSES AND THEMES THAT ADDRESSES THE PLANNING DELETATION,MONITORING AND CONTROL OF 6 ASPECTS OF PROJECT PERFORMANCE PRINCE2 –PROJECT MANAGEMENT METHOD
- 9. 6 VARIABLE ASPECTS PROJECT PERFORMANCE Costs : The project has to be affordable , there will be many factors which may lead to overspending Timescales : When will project finished – Defined start and end date Quality : Projects products must be fit for purpose finishing on time within budget with out quality is not valid. Scope: Exactly what will the project deliver ? Project manager needs to have a detailed understanding of what is what is not with in scope Risk : All projects entail risks but how much risk are we prepared to accept? Project manager need to insure and do proper survey before taking risk Benefits : Why are we doing this ? Often overlooked – Product ready done within cost , on time , good quality , as scope but not able to sell . Project Manager has to have clear understanding.