PROJECT MANAGEMENT (OTM- 621)

Session- 1 (Feb, 2016)

Todays Session

Some Examples

Important Definitions & Concepts

Fostering Forces

Project Lifecycle

Modern Day PM- An integrative Approach

Class Project

Examples of Projects (from

Pakistan)

Hosting a Dinner

NUST Homecoming

Nandipur Power Project

AMI Project for IESCO & LESCO

Orange Line Train (in Lahore)

Important Definitions

What is a Project?
A temporary endeavour undertaken to create a unique
product, service or result (PMI, 2008)
Complex, routine, one time effort limited by time, budget
resources ad performance specifications designed to
meet customer needs (Gray & Larson 2010, pp 3)

What is Project Management?

the means, techniques, and concepts used to run a
project and achieve its objectives (Meredith & Mantel,
2012, pp- 26)

Project management is not restricted to specialists.

Managing projects is often a vital part of everyones job

Important Definitions

Programme: A group of related projects managed in a

coordinated way to obtain benefits and control not
available from managing them individually. Programme
may include elements of related work outside the scope
of the discrete projects in a programme. (Gray & Larson,
2010, pp 17)

Portfolio: A collection of projects and programmes that

are grouped together for pursuing objectives focused on
some specific business strategy (Gray & Larson, 2010, pp
17)

Stakeholders: Individuals or groups with special interest

in project (Meredith & Mantel, 2013, pp 26)

Important Definitions

Project Lifecycle: A standard concept of a project

wherein it goes through start-up, building, maturing and
termination phase (Meredith & Mantel, 2013, pp 26)

Product Lifecycle: is the whole life of the product: from

its conception, creation and use till end. Project lifecycle
is subset of product lifecycle. (Gray & Larson, 2010, pp
17)

Important Definitions

Deliverables: Desired elements of value, outcomes or

results that must be delivered for a project to be
considered complete (Meredith & Mantel, 2013, pp 26)

Scope: Well defined set of desired end results- (Haves

and Have Nots)

Interdependancies: Relations between organisational

functions where one function or task is dependent on
another.

Other definitions will be discussed along the way

Project- Characteristics
Project has the following characteristics

An established objective

A defined lifespan with a beginning and an end

Involves several departments and professionals

Typically doing something that has never been done

before

Specific time, cost and performance requirements

The Triple Project

Constraint

Time

Cost

Scope

Customer Expectations

Classification of PM Processes

Product Oriented Processes: Processes used in

creating the product of the project. They are specific to
industries, technologies and application areas.

Project Management Processes: Knowledge, skills and

tools and techniques associated with good PM practices,
desired results or outputs from these processes and the
necessary data or other inputs for using these techniques
are collectively identified as project management
processes.

Forces Fostering PM

Compressed Product Lifecycle

Global Competition

Knowledge Explosion

Corporate Downsizing

Increased Customer Focus

Project Lifecycle- Generic

Project Lifecycle- Different

Types

Project Dimensions

Modern Day PM- An Integrative

Approach
Integration
of project with strategic management

Integration with process of managing actual project

Class Project- Aim &

Objectives
To evaluate the effectiveness of the CMS and the
process through which it was introduced in H-12
Campus (NUST)
o

Objective 1: To identify key factors leading to the

introduction of CMS

Objective 2: To identify key stakeholders and evaluate

their views on current and past systems

Objective 3: To examine the process of introduction of

CMS, its key strengths and challenges

Objective 4: To present findings along with your

commentary on the key challenges faced during the

Class Project- Activity

Breakdown

Total Weightage: 15% of the overall mark

Total Marks: 100

Class Project- Deadlines

Activity

Deadline

Marks

Report 1: Identification of
stakeholders; WBS; Responsibility
Matrices & Project Communication Plan;

Week 4

15

Report 2: Resource Estimation; Project

Plan on Gantt Chart

Week 6

15

Report 3: Questionnaire Design

Week 8

15

Report 4: Data Collection Results

Week 11

15

Report 5: Data Analysis and Final

Report

Week 13

15

Participation
Dependent

25

Individual Marks

Class Project- Define your

project
What is my
project?
How will I know
if it is
successful ?

Class Project- Plan Well

Do you have a
planned route?
When did you last
look at it?
Do you have clear
activities and
times?

Class Project- Keep It Simple

Class Project- Finally.

Worryisjust
likearocking
chairkeeps
youbusybut
getsyou
nowhere!