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Project Management Basics

SESSION 3
Eight Things You Need to Know

1. What is a Project?
2. Process Groups
3. The Triple Constraint
4. What is Project Management?
5. The Project Manager
6. Importance of Project Management
7. Project Management Framework
8. Integrated Approach
What Is A Project?

PMBOK “ …a project is a temporary


endeavor undertaken to create a unique
product or service… “
 Temporary means that every project has a
defined begin or end state;
 Unique in the sense that the aim is to produce
something that can be distinguishable from all
similar products and or services”…
What Is A Project?

Beginning Middle End

All projects have a beginning, a middle and an end.


What Is A Project?

Time, Cost
Cross
A target A defined life New or and
functional
outcome span unique performance
participation
requirements

Projects have a common set of characteristics


which can also be defined by what they are
not
What Is A Project?

Projects have a common set of characteristics


which can also define what they are not
Projects v Non-Projects
Projects v Non-Projects

High

Space station
Uniqueness

Housing

Motor Coin
manufacturing manufacturing

High
Low
Repetitiveness
Process Groups
Process Groups
The Triple Constraint

Time

Scope Cost

Also known as the IRON TRIANGLE


The Quadruple Constraint

Time

Quality

Scope Cost
Project Management
Project Management Framework
The Project Manager
The Importance of Project Management

Increased use of project management


Compressed product life cycle
Global competition
Knowledge explosion
Corporate downsizing
Increased customer focus
Development of developing and closed economies
The Importance of Project Management

• 31 % Critical
failures
• 53 % Challenged

• 16 % Success

 Source: CHAOS Report 1995 by the Standish Group


 Access it here: http://net.educause.edu/ir/library/pdf/NCP08083B.pdf

1 2 3 4 5 6 7 8
The Importance of Project Management

1998 $ 200K

2001 $ 300K

2002 $ 500K

2009 ??

More & more IT projects are starting each year

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