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Chapter 1 - Introduction To Project Management

This document introduces project management. It defines a project as a complex, one-time effort with defined time and resource constraints aimed at meeting customer needs. Project management is the application of skills and techniques to project activities to meet stakeholder expectations. The document outlines key learning outcomes around defining and selecting projects, and discusses the project life cycle which includes stages of definition, planning, execution, and delivery. It also notes some benefits of project management like reduced time to market and increased customer focus.

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Teererai Kagura
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295 views10 pages

Chapter 1 - Introduction To Project Management

This document introduces project management. It defines a project as a complex, one-time effort with defined time and resource constraints aimed at meeting customer needs. Project management is the application of skills and techniques to project activities to meet stakeholder expectations. The document outlines key learning outcomes around defining and selecting projects, and discusses the project life cycle which includes stages of definition, planning, execution, and delivery. It also notes some benefits of project management like reduced time to market and increased customer focus.

Uploaded by

Teererai Kagura
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Introduction to Project

Management
Learning outcomes
At the end of this session, you should be able to:
• Define a project and the role of Project Management.
• Recognize the new opportunities and constraints that
exist in the field of Project Management.
• Locate project management within a university
environment
• Explain the benefits of project management.
• Link projects to strategy
• Understand how projects are selected
Definition of a project and
project management

• Project: A complex, non-routine, one-time


effort limited by time, budget, resources, and
performance specifications designed to meet
customer needs.
• Project management: The application of
knowledge, skills, tools, and techniques to project
activities in order to meet or exceed stakeholder
needs and expectations from a project
Definition of a project and
project management

•Major Characteristics of a Project


Has an established objective.
Has a defined life span with a beginning and an
end.
Requires across-the-organizational participation.
Involves doing something never been done
before.
Has specific time, cost, and performance
requirements.
Distinguishing levels of
projects
• Mega project:

• Extremely large scale investment project (> US$ 1 billion)

• High public profile

• Portfolio: collection of projects grouped together.

• Programme: A series of coordinated, related, multiple projects that continue


over an extended time and are intended to achieve a goal

• A higher level group of projects targeted at a common goal.


•Example:
•Project: completion of a required course in project management.
•Program: completion of all courses required for a business major.
Project Constraints
The Project Life Cycle/s

•Used as an alternative method to analyse and


understand projects
•Usefulness of this approach lies in the fact that a
(the) life cycle indicates both a defined life span
and a differing degree of effort that needs to be
exerted
•Each industry ultimately has a specific project
life cycle
The Project Life Cycle/s
Project life cycle stages include:

•Project definition: establishing goals and specs;


team formation and assignment of roles
•Project planning: establishing the what, when,
who and how
•Project execution: work on the project is carried
out and control measures are implemented to
monitor progress
•Delivery stage: handing over of project to the
customer and redeploying resources
The Project Life Cycle/s
Why Project Management?

• Time to market reduced


•Knowledge explosion
•Triple bottom line (planet, people, profit)
•Corporate downsizing
•Increased customer focus
•Small projects represent big problems (integration)
•Other?

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