Summary Slides

• People get projects done, so project management is first and foremost about managing people, which requires understanding them

• The two key roles in the project are the sponsor, who may be external or internal to the project manager’s organization, and the project manager

• The project manager as such is there to manage the project, not to perform the project work, which falls to the project team

5 project management groups:

• Intiating

• Planning

• Executing

• Montioring and Controlling

• Closing

The general principle behind the project management process groups is simply plan, then act:

• the OODA loop and the

• Plan– Do– Check– Act cycle

are two methodologies that can help achieve the balance between planning and acting

Project integration management is the most important of the knowledge areas in project management, and is the essence of the discipline, including follwoing activities:

• Creating the project charter

• Developing the preliminary scope statement

• Developing the project management plan

• Directing and managing the execution of the project

• Monitoring and controlling the execution

• Integrated change control

• Closing the project.

Aim of Scope Management:

• Only adequate work is done

• Unnecessary work is not done

• You achieve the projects purpose

he final part of scope management is scope verification where the project seeks formal acceptance from the customer

• There are eight different tools or techniques for estimating, the easiest being the conference method, and the most complex parametric estimating

• Cost estimating and budgeting are part of the planning process group

• Cost control is part of monitoring and controlling process group and is about ensuring that the project’s costs stay within the agreed budget for the project

A project or its deliverables can fail to meet a quality objective in three ways:

• Quality is too low

• Quality is too high

• Quality is too variable

There are three processes within project quality management:

• Quality planning

• Perform quality assurance

• Perform quality control

Project risk management aims to increase the probability and impact of positive eventsvand decrease the probability and impact of events adverse to project objectives

The steps in project risk management, in the proper sequence, are as follows:

1. Plan how to manage risks

2. Identify the risks

3. Understand them thoroughly

4. Plan responses to those risks that warrant response planning in advance