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Project Management To

Uploaded by

Aquino, Maricar A.
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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PROJECT MANAGEMENT

The PROJECT MANAGEMENT is the application of knowledge, skills,


tools, and techniques to project activities to meet the project
requirements.

A PROJECT is an organized endeavour to accomplish a specified non-


repetitive task.

Project Life Cycle


 The Concept Phase: In this stage the organization thinks whether
a project is needed or not.

 PROJECT INITIATION: Initiation is the second phase of the project


life cycle. This is where the project’s value and feasibility are
measured.
Business Case Document
Feasibility Study

 Project Planning: The project plan gives the team direction for
producing quality outputs, handling risk, creating acceptance,
communicating benefits to stakeholders and managing suppliers.

 Project Execution: is all about building deliverables that


satisfy the customer. Team leaders make this happen by allocating
resources and keeping team members focused on their assigned
tasks.

 Project Monitoring and Control: Monitoring and control are


sometimes combined with execution because they often occur at the
same time. As teams execute their project plan, they must
constantly monitor their own progress.

 Project Closure: This vital step in the project lifecycle allows


the team to evaluate and document the project and move on the
next one, using previous project mistakes and successes to build
stronger processes and more successful teams

Project management knowledge draws on ten areas:


1. Integration
2. Scope
3. Time
4. Cost
5. Quality
6. Procurement
7. Human resources
8. Communications
9. Risk management
10. Stakeholder management.

PROJECT CONTROLLING. It implements verification and controlling


function during the processing of a project in order to reinforce the
defined performance and formal goals.

PROJECT CONTROL is that element of a project that keeps it on track,


on-time and within budget.

CONTROL SYSTEMS are needed for cost, risk, quality, communication,


time, change, procurement, and human resources.
PROJECT MANAGERS are in charge of the people in a project. People are
the key to any successful project.

TYPES OF PROJECT MANAGEMENT:

LEAN PROJECT MANAGEMENT uses the principles from lean manufacturing


to focus on delivering value with less waste and reduced time.

ITERATIVE AND INCREMENTAL PROJECT MANAGEMENT: In critical studies of


project management it has been noted that phased approaches are not
well suited for projects which are large-scale and multi-company,
with undefined, ambiguous, or fastchanging requirements, or those
with high degrees of risk, dependency, and fast-changing
technologies.

PRODUCT-BASED PLANNING is a structured approach to project


management, based on identifying all of the products (project
deliverables) that contribute to achieving the project objectives.

PROCESS-BASED MANAGEMENT It focuses on optimizing these processes to


achieve desired outcomes, such as improved efficiency, quality, and
customer satisfaction.

PROJECT PRODUCTION MANAGEMENT is based on a project as a production


system view, in which a project transforms inputs (raw materials,
information, labour, plant & machinery) into outputs (goods and
services)

PROJECT MANAGEMENT SOFTWARE is software used to help plan, organize,


and manage resource pools, develop resource estimates and implement
plans.

VIRTUAL PROGRAM MANAGEMENT (VPM) is management of a project done by a


virtual team, though it rarely may refer to a project implementing a
virtual environment.

“INNOVATION MANAGEMENT is about more than just planning new products,


services, brand extensions, or technology inventions. It’s about
imagining, mobilizing, and competing in new ways,” says Idris Mootee,
author of Design Thinking for Strategic Innovation.

Classifications in Innovation Management


PROCESS INNOVATION: A process innovation is the implementation of a
new or significantly improved production or delivery method.

PRODUCT INNOVATION: A product innovation is the introduction of a


good or service that is new or significantly improved with respect to
its characteristics or intended uses.

MARKETING INNOVATION: A marketing innovation is the implementation of


a new marketing method involving significant changes in product
design or packaging, product placement, product promotion or pricing.

ORGANIZATIONAL INNOVATION: Organizational innovation means the


implementation of a new organizational method in the undertaking's
business practices,workplace organization or external relations.

The 8 Phases of an Innovation Management Process


 SETTING THE GOALS FOR THE PROCESS: Innovation always begins with
a goal in mind. It is many times based on finding the solution to
a problem.

 COOPERATION: The innovation team should work together so that


instead of trying to come up with an idea separately, they can
bounce ideas off one another and create a collaborative solution.

 COMBINATION OF IDEAS: Once the ideas are in, choose the best ones
and then consider whether they can be combined to create an even
greater idea. Often, strong ideas will be complementary to one
another and will join well to create an even better result.

 EVALUATION OF INNOVATION: This is an important and yet all too


frequently overlooked aspect of the innovation management
process. When the best ideas have been combined, fine-tuned, and
polished, it is time to subject them to evaluation based on peer
reviews.

 TESTING THE IDEAS: This allows the team, as well as customers


and investors to have a better look at how the product will
function and what changes can be made to it so that it will be
even further improved.

 EXECUTION OF INNOVATION IMPLEMENTATION: The execution of


implementation is a step that is uniqueto your business and,
unless your new product causes you to have to drastically alter
the typical way that your goto-market strategy functions, then
this part of the innovation management process should be
relatively commonplace in your organization.

 ASSESSMENT OF INNOVATION LIFE-CYCLE: After the execution of an


idea, its implementation needs to be carefully monitored and
assessed in terms of a number of milestones that should be set.

Uses of Innovation Management:

Improved timing for market introduction


Ability to maintain or improve business margins
Enabling access to new customers and markets
Increased market share
Improved and longer lasting competitive advantage
Increased employee engagement and initiative
Improved customer satisfaction
Sustainable increase in shareholder returns

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