Project Management ime380
Dr. Michael Featherstone
DEFINITIONS – a Project
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
Think about which of 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
• Creating a video
DEFINITIONS – Project Management
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
Creating a video
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