lecture 1 on Project Management - PR602 Project Management...

Info icon This preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
PR602: Project Management Theory and Practice
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
What is a Project? “A project is a temporary endeavor undertaken to create a unique product or service” ……….Project Management Institute……….
Image of page 2
Projects are therefore; Temporary Unique With the need of progressive elaboration
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
What is Project Management? The application of knowledge, skills, tools and techniques to project activities in order to meet (or exceed) stakeholders needs and expectations for the project Source: PMI Guide to Project Management Body of Knowledge This include techniques or practices of time planning, scheduling, controlling the project; use of resources cost (money), time, manpower, materials….. to create the project .
Image of page 4
Aims and Expectations Limited resources Time frame Required quality and performance
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Project Objectives: SMART Specific Measurable Agreed Realistic Time framed
Image of page 6
Why Managing Projects? Effective utilization of resources Achieve timeline targets Optimize materials usage Achieve quality and quantity targets Stress relief - workforce Risk control and change control Analysis of trade-offs Stock and inventory management
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Triple Constraints Time Cost Scope
Image of page 8
Nine Knowledge Areas of Project Management Project scope management Project time management Project cost management Project quality management Project procurement management
Image of page 9

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern