PM Lecture
PM Lecture
• Project Closure
What is a Project?
Project:
A temporary work endeavor.
Has a clearly defined beginning and end.
Progressively elaborated
7
Time Management
Project Time Management
Critical Path Method
Gantt Charts
Time
Management
• Completing a project on time: one of the critical
success criteria
• Key Pre-requisites:
- Defining the scope
- Set out major deliverables
- Create Work Breakdown Structure
Critical Path Method
• CPM: a structured approach to present the sequence of
activities and to help us identify strict and flexible activities
(time-wise)
• 4 steps:
1. Drawing the network diagram
2. Inputting activity durations
3. Calculating a forward/backward pass to determine activities’
start and finish dates
4. Calculating the activity’s float & identifying the critical path
• https://www.projectmanager.com/gantt-chart
Stakeholders
Have an impact on or are impacted by
Project
What are Stakeholders?
• Someone who is Impacted by the Project.
• Someone who has an Impact on the Project.
•
•An individual or group whose interest in the project must
be recognized if the project is to be successful, in
particular those who might be positively or negatively
impacted upon during or after the project.
Closing A Project
The Close Project
Involves:
Closing out all project activities and formally ending the project
Releasing All Project Resources.
Documenting the Lessons learnt
Handing Over to Operations
Administrative Closure
• Involves:
• Verifying and documenting project results to formalize project or phase completion.
• Gathering and updating project documentation and relevant records and reports.
• Ensuring that the phase or project requirements were met and formal acceptance
was granted.
Project Records to Archive
• Documents that capture salient and helpful information about the work done in a
project or a project phase.
• Identify both the project team's strengths and areas for improvement.
• Compiled for the benefit of future project teams.