Developed by the Project Management Institute (PMI),

the five phases of project management include

conception and initiation, planning, execution,
performance/monitoring, and project close. PMI, which
began in 1969, is the world's largest nonprofit membership
association for the project management profession.
Project Management: Unofficial Definition
Project management is about organization
Project management is about
decision making
Project management is about
changing people’s behavior

Project management is about

creating an environment conducive to
getting critical projects done!
WHAT IS A PROJECT?
• A project is a unique endeavor to produce a set of
deliverables within clearly specified time, cost and
quality constraints.
Projects are different from standard business
operational activities as they:
• Are unique in nature.
• Have a defined timescale.
• Have an approved budget.
• Have limited resources.
• Involve an element of risk.
• Achieve beneficial change.
• roject management is the practice of initiating, planning, executing,
controlling, and closing the work of a team to achieve specific goals
and meet specific success criteria at the specified time.The primary
challenge of project management is to achieve all of the project goals
within the given constraints.
Why Projects Fail
• Failure to align project with organizational objectives
• Poor scope
• Unrealistic expectations
• Lack of executive sponsorship
• Lack of project management
• Inability to move beyond individual and personality conflicts
• Politics
 parameters. Project
management has final
deliverables that are
constrained to a finite timescale
and budget.
Why Project Management?
• Today’s complex environments require ongoing
implementations
• Project management is a method and mindset…a
disciplined approach to managing chaos
• Project management provides a framework for
working amidst persistent change
Why Projects Succeed!
• Project Sponsorship at executive level
• Good project charter
• Strong project management
• The right mix of team players
• Good decision making structure
• Good communication
• Team members are working toward common goals
of a project. Typical responsibilities of
a project manager include: Planning,
Executing, and Closing Projects —
defining the project, building its
comprehensive work plan,
and managing to the budget.