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SESSION 1
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PROJECT MANAGEMENT FRAMEWORK
• Project management:
Project management is the application of knowledge, skills, tools, and techniques to
project activities to meet the project requirements. Project management is accomplished
through the appropriate application and integration of the project management
processes identified for the project. Project management enables organizations to
execute projects effectively and efficiently
• Definition of a project:
• A project is a temporary endeavor undertaken to create a unique product, service, or
result with a beginning and an end.
• Project team:
• The project team is a group of people, including the project manager, who will
complete the work of the project.
• Project management team:
• The members of the project team who are directly involved in project management
activities.
PROJECT MANAGEMENT FRAMEWORK
• Stakeholder:
An individual, group, or organization that may affect, be affected by, or perceive itself to
be affected by a decision, activity, or outcome of a project, program, or portfolio
• Stakeholder management:
Stakeholder Management includes the processes required to identify the people, groups,
or organizations that could impact or be impacted by the project, to analyze stakeholder
expectations and their impact on the project, and to develop appropriate management
strategies for effectively engaging stakeholders in project decisions and execution.
• Governance
The framework, functions, and processes that guide project management activities in
order to create a unique product, service, or result to meet organizational, strategic, and
operational goals. Those are based on areas such as risk, resources, communications, and
change management.
PROJECT MANAGEMENT FRAMEWORK
Project management office (PMO)
The project management office (PMO) is a management structure that standardizes the
project-related governance processes and facilitates the sharing of resources,
methodologies, tools, and techniques.
• Project expediter
o acts primarily as a staff assistant and communications coordinator.
o cannot personally make or enforce decisions
• Project coordinator
o similar to the project expediter
o has some authority and power to make decisions
o reports to a higher-level manager
PROJECT MANAGEMENT FRAMEWORK
• Assumptions
o A factor in the planning process that is considered to be
true, real, or certain, without proof or demonstration.
o an important part of communication to understand what
your management and stakeholders believe to be true
about the project
• Constraints
o A limiting factor that affects the execution of a
project, program, portfolio, or process
PROJECT MANAGEMENT FRAMEWORK
• Operational work:
o Operational work is ongoing work to support the business and systems of the
organization.
o Operations management ensures that business operations continue efficiently
by using the optimal resources needed to meet customer demands.
o concerned with managing processes that transform inputs (e.g., materials,
components, energy, and labor) into outputs (e.g., products, goods, and/or
services)
PROJECT MANAGEMENT FRAMEWORK
• Program management
o the application of knowledge, skills, and principles to a program to achieve the
program objectives and to obtain benefits and control not available by managing
program components individually
• focuses on the interdependencies between projects and between projects and the
program level to determine the optimal approach for managing them
PROJECT MANAGEMENT FRAMEWORK
• Portfolio management
o A portfolio includes programs, individual projects, and other related operational work
that are prioritized and implemented to achieve a specific strategic business goal.
o It aims to:
o Guide organizational investment decisions.
o Select the optimal mix of programs and projects to meet strategic objectives.
o Provide decision-making transparency.
o Prioritize team and physical resource allocation.
o Increase the likelihood of realizing the desired return on investment.
o Centralize the management of the aggregate risk profile of all components
PROJECT MANAGEMENT FRAMEWORK
• Expert judgment:
judgment provided based upon expertise in an application area, Knowledge Area,
discipline, industry, etc., as appropriate for the activity being performedcommon
tool of the project management planning processes
Topics:
o Organizational strategy,
o Benefits management,
o Technical knowledge of the industry and focus area of the project,
o Duration and budget estimation, and
o Risk identification
PROJECT MANAGEMENT FRAMEWORK
• Meetings:
o often used in the planning processes of a project,
o can be an effective way to get input or feedback from groups of people
o The project manager is responsible for determining whether a meeting is worth the
time of those who would attend it, or if there is a more efficient way to achieve an
objective.
PROJECT MANAGEMENT FRAMEWORK