Project Management Framwork
Project Management Framwork
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Topic 1:
Project Management Framework
Teacher:
Prof. Rizwan U. Farooqui, Ph.D.
Professor and Co-Chair
Department of Civil Engineering
NED University of Engineering and Technology
NED University
Karachi, Pakistan
What is a Project?
Project
A complex, nonroutine, temporary effort limited by
time, budget, resources, and performance
specifications designed to achieve specified objective
in order to meet customer needs.
Operations
To sustain business
Maintain status quo
Standard product or services
Homogeneous teams
Ongoing
Examples
Writing and publishing a book
IArrange for a conference
Opening for a new shop
Examples
Writing a letter to a Prospect
Attending a conference
Opening the shop
Exercise
Which ones are NOT projects?
1. Building an extension to a house
2. Shelving books at library
3. Baking a wedding cake
4. Designing a new automobile
5. Routine manufacture of an Apple iPad Air
6. Taking class Notes
7. Writing a term paper
8. Responding to a supply-chain request
9. Developing a supply-chain information system
10. Watering your plants twice a week.
Prof. Rizwan U. Farooqui, Ph.D.
Why Projects?
Projects are means of:
Achieving organizations strategic goals & objectives;
Implementing strategic changes
Project Constraints
Tradeoffs:
Scope = Time + Cost
Time
Constraints:
Facilitate prioritization
Cost
Scope
Project Stakeholders
Stakeholders are:
People involved in or affected by project activities
People who may exert influence over the project and its results
Stakeholders include:
The project sponsor
Project team
Support staff
Customers
Users
Suppliers and vendors
Opponents to the project
Project Success
There are different ways to define project
success:
The project met scope, time, and cost goals.
The project satisfied the customer/sponsor.
The project produced the desired results.
Beginning of Projects
End of Projects
Condition of the Parties if the Project was not Managed
Efficiently or the Risks were not Managed Effectively!!
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Initiating
Planning
Executing
Monitoring and Controlling
Closing
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Closing
Initiating
Initiating
Closing
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PRINCIPAL PM
ORGANIZATIONS AND
CERTIFICATIONS
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PMI
PMI Standards
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PMI Credentials
Questions, Comments?
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