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chap01 - EMSE-231 Program and Project Management Page 1...

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EMSE-231 Program and Project Management Page: 1 Department of Engineering Management & Systems Engineering (EMSE) Dr. Abiodun O. Bada [email protected] Introduction to Program and Project Management Chapter 1
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The World of Project Management Page: 2 Overview Characteristics of a Project Why Projects? Why Project Management? Program and Project Portfolio Project Management Profession
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The World of Project Management Page: 3 Characteristics of Projects Unique Specific Deliverable Specific Due Date “A project is a temporary endeavor undertaken to create a unique product or service” – (PMI, 2004) Operations, on the other hand, is work done in an organization to sustain the business
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The World of Project Management Page: 4 Other Common Characteristics of Projects Multidisciplinary Require input from people with different knowledge and expertise Complex Composed of many interconnected parts Conflict Between budget, schedule and specification. Clients/stakeholders/Team Part of Programs
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The World of Project Management Page: 5 Why Projects? Need to assign responsibility and authority for achievement of organizational goals to individuals and small groups. Usually when tasks do not fit neatly into business-as-usual.
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The World of Project Management Page: 6 6 Many organizations today have a new or renewed interest in project management Computer hardware, software, networks, and the use of interdisciplinary and global work teams have radically changed the work environment The U.S. spends $2.3 trillion on projects every year, or one- quarter of its gross domestic product, and the world as a whole spends nearly $10 trillion of its $40.7 gross product on projects of all kinds *PMI, The PMI Project Management Fact Book , Second Edition, 2001 **Butler, Steve, “IT Spending,” Analyst Views , February 2004. . Why Project Management?
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The World of Project Management Page: 7 Why Project Management? Worldwide IT spending totaled more than $1.8 trillion in 2005, a 6 percent increase from 2004, and spending is projected to grow 8 percent in 2006 and 4 percent in 2007 In 2005, the total compensation for the average senior project manager was $99,183 per year in the United States, $94,646 in Australia, and $106,374 in the United Kingdom The number of people earning their Project Management Professional (PMP) certification increased by more than 70 percent from 2004 to 2005, with more than 200,000
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