Project Management

Chapter 17: Overview

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What Is a Project?

A project is a temporary endeavor undertaken to

accomplish a unique purpose is a limited time
Attributes of projects
Unique purpose / set of objectives
Limited time
Temporary (one-time operations)
require resources, often from various areas
should have a primary sponsor and/or customer
involve uncertainty
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Definition

An organization of people dedicated to a specific

purpose or objective. Projects generally involve large,
expensive, unique or high risk undertakings which have
to be completed by a certain date, for a certain amount of
money, within some expected level of performance.
(Steiner, 1969)

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Project Life Cycle

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Key Project Manager Responsibilities
Time, Cost and Performance (key metrics)
Risk Management
Technical Knowledge of the Work
Quality of Work
Managing People
Communicate with all stakeholders

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Risk event probability and cost

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Risk matrix

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Key Decisions
Project selection
Selecting Project Manager and Team
Planning and designing project
Managing and controlling project resources
Deciding if and when project should be terminated

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PM and other Disciplines

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History of PM

Modern project management began with the Manhattan

Project, which the U.S. military led to develop the atomic
bomb
In 1917 Henry Gantt developed the Gantt chart as a tool for
scheduling work in job shops
In 1958, the Navy developed PERT charts
In the 1970s, the military began using project management
software, as did the construction industry
By the 1990s, virtually every industry was using some form of
project management
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Professional PM
Program Management Professional (PgMPSM) Credential
Professionals who manage multiple related projects that are aligned with an
organization's strategy.
Project Management Professional (PMP) Credential
One of the most valued credentials in project management
Earning and maintaining this credential demonstrates a solid foundation of
experience in effectively managing projects.
Certified Associate in Project Management (CAPM) Credential
Considered an essential step for project team members
Project team members can enhance their contributions to the teams success
by gaining knowledge of project management processes and terminology.

PROJECT MANAGEMENT INSTITUTE

www.pmi.org

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