Module 1
Intro to PM
• ProjectsandOperations(HandinHand)...
- Project usually exist to support the needs of Operations.
- Operations (managers or experts) are usually major stakeholders in
projects
- Projects experts often contribute to the success of the turn over stage of
projects (Sometimes projects members transit to careers in Operations later)
What is Project Management?
A portfolio manager:
- analyzes the feasibility and profitability of
projects in a portfolio and assures their
alignment with business objectives
- Selects projects that contribute to business
objectives.
- Manages resources across projects and
programs (mainly financial resources).
- May decide not to start projects or stop
those that do not contribute to the business
objectives
Project\Program\ Portfolio Relationship
• Project governance is the activity of aligning project objectives with
strategy of higher organization
Project, Program and Portfolio Relationship
What is a Project Management Office
• The Project Manager is the person responsible for accomplishing the project
objectives.
• Project managers strive to meet to balance constraints, including the triple
constraint of project scope, time, and cost goals.
• Depending on the organization structure , a project manager may report to
functional manager.
In other cases project manager may be one of the several project managers
who report to a portfolio or program manager that is ultimately responsible for
enterprise wide projects . In this type of structure, the project manager works
closely with the portfolio or program manager to achieve the project objectives
Constraints
• Integrator
• Manager
• Person Accountable of project success
• The ultimate project voice
Figure 1 shows typical project activities without a project manager. It
shows the multiple interactions an agency faces without a project
manager to manage the work activities involved in delivering a new
capital asset. Figure 2 depicts a typical project organization with a
project manager. it shows how a project management organization
is structured with the assignment of a project manager to manage
project work activities.
Figure 1 A Project without a Project Manager
Figure 2 A Project with a Project Manager
Project Manager Skills
The project team is the group of people on whom the PM will rely
for technical details.
REFERENCES:
PROJECT MANAGEMENT INSTITUTE, A GUIDE TO THE PROJECT MANAGEMENT BODY OF
KNOWLEDGE (PMBOK® GUIDE) - 6TH EDITION PROJECT MANAGEMENT INSTITUTE.
MORRIS, P. AND JAMIESON, A., TRANSLATING CORPORATE STRATEGY INTO PROJECT
STRATEGY. PROJECT MANAGEMENT INSTITUTE, 2004.
PROJECT MANAGEMENT INSTITUTE, THE STANDARD FOR PORTFOLIO MANAGEMENT, PROJECT
MANAGEMENT INSTITUTE.
PROJECT AND CONSTRUCTION MANAGEMENT GUIDELINES.
THANK YOU!