CHAPTER 1 (1)
CHAPTER 1 (1)
PROJECT
M A N A G E M E N T
PREPARED BY:
DR. MOHD ZULFABLI HASAN
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LEARNING OBJECTIVES
01 02 03
Recognize the Understand why Understand and
basic project explain the project life
properties of management is cycle, its stages, and
projects, becoming such a the activities that
including their powerful and typically occur at each
definition popular practice stage in the project.
in business.
DEFINITION OF
PROJECT
A project is a unique venture
with a beginning and an end
(finite duration) , conducted by
people to meet established
goals within parameters of cost,
schedule, and quality .
PROCESS PROJECT
• Ongoing, day -to-day • Take place outside the
activities to produce normal, process -oriente d
goods and services world
• Use existing systems, • Unique and separate
properties, and from routine, process -
capabilities driven work
• Typically repetitive • Continually evolving
EXAMPLES OF
PROJECT
ELEMENTS OF PROJECTS
Importance Interdependencies
Uniqueness Resources
WHY ARE PROJECTS
IMPORTANT?
Shortened product
01 life cycles
Economic period
marked by low 05 02
inflation Narrow product
launch windows
Emergence of 1ncreasingly
global markets
04 03 complex and
technical products
SBSD4083
PROJECT
M A N A G E M E N T
PART 2
Let's recap yesterday's lesson
THE PROJECT LIFE
CYCLE
01
Projects are “ b orn” when
a need is identified b y the
customer.
proposal (RFP).
-Costs
4. Customer Supplied Items
11. Customer’s Funds
5. Type of Contract
- Fixed Price
- Time & Materials
6. Payment Terms
-Progress
-End of Project
7. Schedule of Completion
- Just a date
- Detailed schedule
Phases of the Project Life Cycle
2
–Evaluate performance
✓ Project efficiency
✓ Impact on the customer
✓ Business impact on the organization
✓ Opening new opportunities for the future
01-26
Developing Project Management Maturity
01-27
Project Manager Responsibilities
1. Selecting a team
5. Scheduling
6. Managing resources
01-28
Quadruple Constraint of
Project Success
01-29
Overview of the Project
Management
01-30
2 Minutes
Paper
SUMMARIZE THE
IMPORTANCE
POINTS IN
TODAY’S LECTURE
Find information regarding Project Management Maturity (PMM)
Models (i) Center for Business Practices, (ii) Kerzner’s Project
Management Maturity Model, (iii) ESI International’s Project
Framework, and (iv) SEI’s Capability Maturity Model Integration.
Q&A
COMMUNITY PROJECT’S DISCUSSION