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Project Management Notes.docx

Project Management Notes.docx - Project Management BUS 1035...

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Project Management BUS 1035 Chapter 1 Project Attributes – clear objective, series of interdependent tasks, various resources, specific time-frame, unique, one-time endeavour, sponsor or customer, degree of uncertainty. Factors constraining project success – scope, quality, stakeholders, schedule, budget, resources, risk, customer satisfaction. Project manager actions – prevent, anticipate, overcome, have good planning and communication, be responsible. Initiating Phase First phase Identify need, problem, or opportunity Determine select project Develop project charter o Rational o Project objective o Expected benefits o General requirements Decide if RFP needed Planning Phase Second Phase Show how project scope will be accomplished Plan the work and work the plan Develop baseline plan o What needs to be done – scope, deliverable o How it will get done – activities, sequence o Who will do it – resources, responsibilities o How long it will take – duration, schedule o How much it will cost – budget o What the risks are Have actual resources plan the work Performing Phase Third phase Accomplish project objectives o Project manager leads o Project team completes the project Increase pace as more resources are added Monitor and control progress Take corrective action as needed Manage and control changes with sponsor approval Achieve customer satisfaction with acceptance of deliverable
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Closing Phase Final phase Collect and make final payments Recognize and evaluate staff Conduct post project evaluation Document lessons learned Archive project documents Record lessons learned Project Planning Process Establish project objective Define scope Create WBS Assign responsibility Define specific activities Sequence activities Estimate activity resources Estimate activity durations Develop project schedule Estimate activity costs Determine budget Who are stakeholders – customers/sponsors, project team including subcontractors and suppliers, organizations or groups Critical Success Factors • Planning and communication are critical to successful project management.
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