Project Management Dr. Michael Featherstone January 2009 Introduction First – a bit about the text. Should be available online… if not, we will order through one of the bookstores. Introduction Now – Let’s look at the objectives of the course. 1. Learn a bit about project management and how it is differentiated 2. Learn a bit about some of the tools project managers use 3. Have a bit of fun while we’re learning it So let’s start by parsing the term project management. DEFINITIONS I like this definition of Management. It’s from the book “Future Management” by Gary Hamel, 2007, Harvard Business School Press • The capacity to marshal resources • and to lay out plans • and to program work • and to spur effort DEFINITIONS A project may be defined as… A temporary endeavor undertaken to create a unique product or service. • they are finite • they have a defined beginning and ending Are these projects? A wedding event Building a website Writing a Masters Thesis Building a house A new product launch Managing an assembly line operation Designing a new automobile A college class such as ime380 or ime375 DEFINITIONS Project Management The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. A wedding Building a website Writing a Masters Thesis Building a house Launching a new product or promotion Designing a new automobile A college class DEFINITIONS Project Management’s FIVE processes The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. Initiating a project Planning the project Executing the project/plan Controlling execution of the project/plan Closing the project DEFINITIONS Project Management’s THREE elements The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. Tasks Resources Time DEFINITIONS Project Management success factors The capacity to marshal resources, lay out plans, program work and spur effort for a temporary endeavor which is finite in that it has a defined beginning and ending, and which is undertaken to create a unique product or service. On time delivery Within budget delivery High quality delivery This Concludes Today’s Presentation Thank you for your attention