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Week 2 W24

This document provides an overview of an introduction to project management course, defining key concepts like projects versus operations, functions associated with projects, and factors that influence project selection and methodology. The professor is identified and the course topics include project environments, life cycles, methodologies, and measures of success.

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Surpal Singh
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
18 views

Week 2 W24

This document provides an overview of an introduction to project management course, defining key concepts like projects versus operations, functions associated with projects, and factors that influence project selection and methodology. The professor is identified and the course topics include project environments, life cycles, methodologies, and measures of success.

Uploaded by

Surpal Singh
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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MGMT8630 – INTRODUCTION TO

PROJECT MANAGEMENT
- MANUFACTURING

PROFESSOR: SLAWOMIR RAPALA


SEMESTER: WINTER 2024
VALUE
DELIVERY
SYSTEM
OVERVIEW
PROJECTS VERSUS OPERATIONS

 A project is a temporary endeavor undertaken to create a unique product, service or result.


 Operations are on going activities that produce same output over and over.
 Projects enable business value creation.
 Projects are created to
 meet some stakeholders’ requirements,
 social, legal or regulatory requirements,
 to improve products, processes or services,
 Implement or change business or technological strategies
INFORMATION
FLOW
FUNCTIONS ASSOCIATED WITH PROJECTS

 Project manager leads the project team  Perform work and contribute insights
and is responsible for achieving the  Apply expertise
project objectives and stakeholder’s
expectations.  Provide business direction and support

 Provide coordination  Provide resources

 Present objectives and feedback  Maintain governance

 Facilitate and support


PROJECT INTERNAL ENVIRONMENT

 Each project is done within an organization. Each organization has its own unique policies and procedures.
 Project managers must comply with reporting methods, strategy and values of the organizations.
 How internal environments can affect projects?
 Examples:
 Process assets, safety and security, expertise, knowledge assets and …
PROJECT EXTERNAL ENVIRONMENT
 Project that are initiated by organizations are executed in a market with competition and under rules and
regulations. Projects are heavily impacted by the external environment.
 Can you think of ways that external environment can impacts projects?
 Competitive landscape
 Regulatory and political situation
 Social factors
 Technology
 Globalization
 Natural forces
 And many more…..
PRODUCT
LIFE CYCLE
GROUP EXERCISE

 Select a company and a product, in your group discuss the internal and external environment and the product life
cycle. Present the results to the class.
PROJECT MANAGEMENT METHODOLOGIES AND LIFECYCLES

 Predictive approach
 Also known as waterfall or traditional project management
 Adaptive approach
 Also known as agile
 Hybrid approach
 Iterative
 Incremental
METHODOLOGY
SPECTRUM
ITERATIVE AND INCREMENTAL

Suggested Video
to watch
DEVELOPMENT APPROACH SELECTION CONSIDERATIONS

 Product considerations
 Project and Organization
 Degree of innovation
 Stakeholders
 Requirements certainty
 Schedule constraints
 Scope stability
 Funding availability
 Risk
 Project team size and location
 Safety requirements
 Organization capability and structure
 Regulations
 Culture
 Ease of change
 Delivery options
PROJECT
LIFECYCLES
PROJECT
LIFECYCLES
PROJECT
LIFECYCLES
PROJECT SUCCESS MEASURES

 Time
 Cost
 Quality
 Project Objectives
 Project managers must clearly document project objectives and assessments.

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