Project Managment
Project Managment
Projects are sum of activities designed and planned within predetermined budget in certain
time frame
Project runs in uncertainity and risk conditions
Types differ from huge to small projects
PROJECT AND FUNCTIONAL MANAGEMENT
A. RESOURCES COST
B. TIME FRAME
C. SPECIFIC GOAL ACHIEVEMENTS
AND PERFORMANCE
PROJECT LIFE CYCLE
Projects scopes are variable in size,duration,cost and resources needed but typically consists of
four phases:
A. Definition
I. Concept exhibit the organization need for the project
II. Feasibility analysis exhibit cost and benefits
B. Planning describes work process,cost,time needed
C. Execution it is implementation
D. Termination it is the project closure and dealing
with left resources
KEY DECISION IN PROJECT MANAGEMENT
• CALCULATION AND EQUATIONS TO FIND VALUE OF (Z)THAT REFLECTS THE PROBABILITY OF PATH
TO FINISHED IN ITS ESTIMATED TIME
• RULE OF THUMB IT IS ARULE STATES THAT IF THE VALUE OF (Z )EQUAL +3 OR MORE THE
PROBABILITY TO FINISH THE PATH IN TIME IS 100%
• IF THE VALUE OF (Z) IS NEGATIVE
THE PATH CAN FINISH EARLIER IN TIME
SIMULATION
PROJECT MANAGER MAY NEED TO FASTEN THE PROJECT TIME FOR COMPETITIVE OR OTHER STRATEGIC
NEEDS
PROJECT MANAGER CAN SHORTEN THE TIME BY MORE FUNDS OR EXTRA RESOURCES
PROJECT MANAGER CAN SHORTEN THE TIME BY CRASHING THE PATHS ACTIVITIES OR SHORTEN ACTIVITY
TIME
HE OR SHE NEEDS TO EVALUATE COST OF REGULAR AND CRASH TIME
HE OR SHE NEEDS TO EVALUATE BENEFITS OF REGULAR AND CRASH TIME
PROJECT MANAGER CAN HAVE BENEFITS OF
CRASHING TO LIMIT AFTER
IT THE BENEFITS OF SHORTENING
THE PATH WILL DECREASED.
CRITICAL CHAIN PROJECT MANAGEMENT
RISKS FROM UNEXPECTED ISSUES MAY BE VERY THREATFUL FOR THE PROJECT THROUGH ITS
LIFE TIME
RISK PROBABILITY IS HIGHER AT THE PROJECT BEGINNING AND LOWER AT THE END
RISK COST IS LOWER AT THE PROJECT BEGINNING AND LOWER AT THE END
PROJECT MANAGER HAVE TO MONITOR ANY CHANGES BY ANALYSING IT AND HAVE LEARNED
LESSONS TO
AVOID ANY FUTURE RISKS
THANK YOU