slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
1. Project Management Concept PowerPoint Presentation
Download Presentation
1. Project Management Concept

Loading in 2 Seconds...

play fullscreen
1 / 57

1. Project Management Concept - PowerPoint PPT Presentation


  • 98 Views
  • Uploaded on

1. Project Management Concept. Dr. Kittipong S. Related terms(topics). Pre-feasibility study Feasibility study Business Plan Project analysis Project Management. Project Defined.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

1. Project Management Concept


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

1. Project Management

Concept

Dr. Kittipong S.

related terms topics
Related terms(topics)
  • Pre-feasibility study
  • Feasibility study
  • Business Plan
  • Project analysis
  • Project Management
project defined
Project Defined

A project is an endeavor to accomplish a specific objective through a unique set of interrelated tasks and the effective utilization of resources.

project management drivers
Project Management Drivers
  • Expansion of knowledge
  • Demand for new products
  • Worldwide markets
  • Competition
  • Belief “better living though technology”
  • Expanding size of projects
  • Crisis events
three project objectives
Three Project Objectives
  • Performance
  • Cost
  • Time
project management process
Project Management Process

PROJECT INITIATION

PROJECT IMPLEMENTATION

PROJECT TERMINATION

project initiation
PROJECT INITIATION
  • Project Selection
  • The Project Manager
  • Project Organization
  • Project Planning
project implementation
PROJECT IMPLEMENTATION
  • Budgeting and Cost Estimation
  • Scheduling
  • Resource Allocation
  • Project Control
project termination
PROJECT TERMINATION
  • Project Evaluation
  • Project Termination
project selection and criteria of choice
Project Selection and Criteria of choice
  • Project selection is the process of evaluating individual projects or group of projects and then choosing to implement some set of them so that the objectives of the parent organization will be achieved
nature of ps models methodology
Nature of PS Models:Methodology
  • Start with detailed list of firm’s goals
  • Create list of project evaluation factors (PEF’s)
  • Weigh every element in PEF list
  • Compute an overall score for project based on weighted PEF’s
  • Select project that has the closest alignment with firm’s goals
numeric ps models profit profitability
Numeric PS Models:Profit / Profitability
  • Payback Period (PB)
  • Average Rate of Return
  • Discounted Cash Flow (NPV)
  • Internal Rate of Return
  • Profitability Index
  • Other Profitability Models
functional and project manager compared
Functional and Project Manager Compared

Functional Manager:

Project Manager:

functional manager
Analytical approach

: Breaking the components of a system into smaller and smaller elements

Direct and technical supervisor

Technology of process

Functional Manager
project manager
System approach

: A set of interrelated components that accept inputs and produce output

Purposeful:attention to the system

Inputs(arrive) and outputs(depart)

Interrelationship(environment)

Facilitator and generalist

Science of project management

Project Manager
skills of the project manager
1. Strong leadership ability

2. Ability to develop people

3. Excellent communication skills

4. Good interpersonal skills

5. Ability to handle stress

6. Problem-solving skills

7. Time management skills

The project manager is a key ingredient in the success of a project.

Skills of the Project Manager
4 project organization
4.Project Organization
  • As a part of functional organization
  • Pure project organization
  • Matrix organization
choosing the organizational form
Choosing the Organizational form
  • Nature of the potential project
  • Characteristics of various organizational options
  • Advantages and disadvantages of each
  • Cultural preference of the parent organization
reasons for project planning
Reasons for Project Planning
  • Establish a set of directions for project team to produce the deliverables of project
    • What must be done
    • When it must be done
    • What resources to use
  • Focus with organization’s goal
  • Support objectives of parent organization
  • Make allowance for risk
  • Put controls on the planned work
project plan elements
Project Plan Elements
  • Overview
  • Objectives
  • General approach
  • Work breakdown Structure
  • Linear Responsible Chart/Personnel
  • Contractual aspects
  • Schedules
  • Resources
  • Evaluation methods
  • Potential problems
work breakdown structure wbs
Work Breakdown Structure (WBS)
  • A list of all the activities must be developed.
  • The WBS is a hierarchical tree of end items to be accomplished.
  • A work item is one small piece of the project.
  • A work package is the lowest-level item.
linear responsibility chart matrix
Linear Responsibility Chart(Matrix)
  • Displays in tabular format the individuals responsible for the work items.
  • “X” can be used to indicate who is responsible.
  • “P” indicates who has primary responsibility.
  • “S” indicates who has secondary responsibility.
developing a project budget
Developing a Project Budget
  • Three major elements
    • Forecast what will be needed
      • Labor and material
    • How much will it cost?
    • When will it be needed?
  • Thus, the budget reflects the project plan, time-phased, in dollars
major approaches to budgeting
Major Approaches to Budgeting
  • Top-Down Budgeting
  • Bottom-Up Budgeting
  • Work element costing
  • Category/Activity Budgeting vs. Program Budgeting
scheduling defined
Scheduling Defined
  • The conversion of a project action plan into an operating timetable
    • Serves as the basis for monitoring and controlling the project
gantt charts

JAN

FEB

MAR

1

8

15

22

29

5

12

19

26

5

12

19

26

Gantt Charts
program evaluation and review technique pert and critical path method cpm
Program Evaluation and Review Technique (PERT) and Critical Path Method (CPM)
  • Understand how to plan, monitor, and control projects with the use of PERT.
  • Determine earliest start, earliest finish, latest start, latest finish, and slack times for each activity along with the total project completion time.
drawing the pert network

4

2

C

A

F

H

E

6

1

7

G

B

D

3

5

Drawing the PERT Network

(Construct

Collection Stack)

(Install

Control

System)

(Build Internal

Components)

(Build

Burner)

(Inspect and

Test)

(Modify Roof

and Floor)

(Install Pollution

Device)

(Pour Concrete and

Install Frame)

pert network with expected time
PERT Network - with expected time

t=2

4

2

C

t=3

A

F

t=2

H

t=4

E

6

1

7

t=2

t=3

G

t=5

B

D

3

5

t=4

A-C-F-H = 9 weeks

The longest path will be Critical Path(ACEGH)

-Project completion time

A-C-E-G-H = 15 weeks

B-D-G-H = 14 weeks

how to find the critical path
How to find the Critical Path
  • The critical path is the longest time
  • Earliest start time (ES) : the earliest time an activity can begin without violation of immediate predecessor requirement
  • Earliest finish time (EF) : the earliest time at which an activity can end
  • Latest start time (LS) : the latest time an activity can begin without delaying the entire project
  • Latest finish time (LF) : the latest time an activity can end without delaying the entire project
pert network es ef ls lf

2 4

2 4

4 7

10 13

0 2

0 2

13 15

13 15

4 8

4 8

8 13

8 13

0 3

1 4

3 7

4 8

PERT Network ES/EF, LS/LF

t=2

4

2

C

t=3

A

F

t=2

H

t=4

E

6

1

7

t=2

B

G

t=3

t=5

D

ES EF

LS LF

3

5

t=4

pert network critical path
PERT Network - Critical Path

4

2

C

A

F

H

E

6

1

7

G

B

Total time: 15

D

3

5

Critical path is “ ACEGH ”

some definitions
Some Definitions
  • Resource consideration and allocation permits efficient use of physical assets
    • Within a project, or across multiple projects
    • Drives both the identification of resources, and timing of their application
resource loading
Resource Loading
  • Resource loading: types and quantities of resources, spread by schedule across specific time periods
resource leveling
Resource Leveling
  • Resource leveling minimizes period-by-period variations in resource loading, by shifting tasks within their slack allowances
types of resources condition
Types of Resources condition
  • There are generally two conditions:
    • “Normal”
    • “Crashed”
normal and crashing
Normal and Crashing
  • Normal: within task duration
  • Crash: Expedite an activity, by applying additional resources
    • Specialized or additional equipment
    • More people (e.g., borrowed staff, temps)
    • More hours (e.g., overtime, weekends)
outlines
Outlines
  • Project Control
  • Termination
project control defined
Project Control Defined
  • CONTROL: The act of reducing the difference between plan and reality
    • The last element in the plan-implement-monitor-control cycle
    • Uses the information from the monitoring process to get and keep a project on track
purpose of control
Purpose of Control
  • To make the actual meet the plan
  • The Process
    • 1. Identify key performance areas
    • 2. Set standards
    • 3. Measure performance
    • 4. Compare
    • 5. Take corrective action
a question of balance
A Question of Balance
  • Too little control?
  • Too much control?

C

Control

$

C

Mistakes

Amount of Control

four varieties of project termination
Four Varieties of Project Termination
  • 1. “Termination by extinction”
    • Project has successfully completed and achieve its goals, or it has failed,was superceded,cost too much,take too long,changes in external environment
four varieties of termination cont d
Four Varieties of Termination (cont’d)
  • 2. “Termination by addition”
    • The project becomes a formal part of the parent organization
      • People, material, facilities transition
  • 3. “Termination by integration”
    • Project assets are distributed to and absorbed by the parent
    • Output of project becomes a standard part of the operating systems of the parent
four varieties of termination cont d1
Four Varieties of Termination (cont’d)
  • 4. “Termination by starvation”
    • Cutting a project’s budget sufficiently to stop progress without actually killing the project
    • Withdrawal of “life support”
    • Can save “face” and avoid embarrassment