V Project Management is defined as a system of

procedures, practices, technologies, and know-

how that provides the planning, organizing,
staffing, directing and controlling necessary to
successfully manage a project
V Since it is difficult to consistently repeat
successes in managing projects, a uniform
Project Management practice in the
organization is critical to achieve repeated
consistent successes in managing projects.
V u Project is a temporary endeavor undertaken
to create a unique product, service or result.
V Characteristics, therefore, include:
Temporary
unique product, service or result
Progressive elaboration
V Project uuthorization because of any of the
below strategic considerations:
V u Market Demand
V un Organizational need
V u customer Request
V u technological advance
V u Legal requirement
V Project Integration Management
V Project Scope Management
V Project Time management
V Project Cost Management
V Project Quality Management
V Project Human Resource Management
V Project Communications Management
V Project Risk Management
V Project Procurement management
V upplication urea knowledge, Standards and
Regulations
V Understanding the Project environment
V General Management Knowledge and skills
V Interpersonal skills
V Initiation ²Defines and authorizes Project or a
Project Phase
V Planning ² Defines and refines objectives, and
plans the course of actions for achieving objectives
and scope
V Execution ² Integrates People and other resources
to execute the Plan
V Monitoring and Controlling ² Regularly measures
and monitors progress to identify variances and
take corrective actions
V Closing ² Formalizes acceptance of the
Product/services/result and bring the Project or
Phase to n orderly end
V This facilitates the formal authorization to start a
new project or Phase
V Generally done external to the Project scope of
control
V Organization's business needs/requirements are
documented
V Feasibility analysis and evaluation of best option
V Relationship of the project to the org·s strategic
plan
V Initial scope description and organizational
resources identification
V Initial assumptions and constraints identification
V Involving Customers and other stakeholders
(shared ownership, deliverable acceptance,
documenting and verifying expectations)
V Develop Project Charter ² uuthorizing the
Project. Process for documenting business
needs and new product that intends to satisfy
the requirements
V Develop Preliminary Project Scope Statement
V Develop the Project Plan
V Identify, Define and Mature Project Scope,
Project Cost and Schedule Project activities
V Identify additional dependencies,
Requirements, Risks, opportunities,
assumptions and constraints
V Involve stakeholders
V Develop scope Planning, WBS
V Cost Planning
V Quality Planning
V Human Resource Planning
V Communications Planning
V Risk Management Planning