MGMT7020_PM_Course Slides_WK8 (Updated).pptx - MGMT7020 Technology and Project Management Devin Clementi(email [email protected] Research School

MGMT7020_PM_Course Slides_WK8 (Updated).pptx - MGMT7020...

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MGMT7020: Technology and Project Management Devin Clementi(email: [email protected]) Research School of Management (RSM) ANU College of Business and Economics
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Before We Get Started What we have learned from last week? Module overview (Questions?) Project Governance Model (PGM) Project roles in organizations Project owning organisation Outcomes versus Outputs - Project outputs (project management performance) vs target outcomes (project ownership performance) What we are discussing this week? Project lifecycle Early termination Project Initiation: From Ideas to Projects Project Planning: Introduction
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3 Defining the project lifecycle
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Projects follow life cycle phases Initiation Planning Execution Outcome realisation Output phases Source: Zwikael and Smyrk (2011) Conceptualization Business case development Project plan preparation and approval Business case modification and approval Project environment set-up Documentation Project monitoring/tracking Administration Output closeout Facilitation of outcome realisation Project Outputs Project manager is most likely be appointed here When a project may end? Phase gates
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Understanding and defining the problem Defining target outcomes Creating alternatives that may support your target outcomes Identifying constraints Comparing and choosing the preferred alternative Develop a business case (project proposal) with high-level project plan Manage stakeholders Project Initiation End of initiation phase : Business case (also known as a project proposal) Why & “High-level” What and “High- level” How
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Stakeholder management Stakeholder list and impact on project Stakeholder communication plan Project cost analysis Cost estimation (top-down, bottom-up, mixed) Cash flow analysis Project risk and issues management planning Others plans (e.g., quality, communication etc.) Scope planning Solicit specific requirements Product Breakdown Structure (PBS) Work Breakdown Structure (WBS) Project scheduling (Gantt Chart /CPM) Relationships between activities Duration estimation Determine the critical path (project duration) and critical activities Resource planning Resource or effort estimation (e.g. types, unit, amount) Resource allocation Resource leveling Project Planning End of planning phase : A P roject Plan “Detailed” What and How
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Carrying out all activities and tasks according to your project plan Continuous monitor and control Problem solving (managing risks, issues and changes) Updating the project plan Delivering project outputs Harvest lessons learned and official project closure Managing stakeholders End of execution phase : Project Outputs Project Execution What went right?
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