BADM 318

1. BADM 318 Introduction to Project Management

2. What is Project Management? • “The application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed shareholder needs and expectations from a project” – Project Management Institute (PMI)

3. What is Project Management? • “A method and a set of techniques based on the accepted principles of management used for planning, estimating, and controlling work activities to reach a desired end result on time, within budget, and according to specification.” - Weiss and Wysocki, 1992

4. What is Project Management? • “Maintaining cost, schedule and technical performance on a project.” - Santarossa, 2004

5. What is Project Management? • “A systematic, risk management approach to proactively guide projects to improve chances of success”

9. Originated from construction and engineering sectors

10. Increasingly adopted by other sectors such as video game industry…

12. …and the film industry.

13. Extremely important in the IT sector…

15. Can be very stressful!

17. 1-5 It requires a unique blend of skills

18. A whole new sector is opening up…

19. Project junkie “A growing band of professional gypsies whose careers consist of a series of independent projects”

21. PMI Project Mgmt. Institute

22. PMI • More than 500,000 members • 170 counties • Most popular PM designation • Great for international work

23. West Coast B.C. Project Management Association • Established in 1979 • PMBOK written by B.C. member • 700 members

25. PM Careers in B.C. • Software development • Construction • Engineering • Environmental • Video game • Film

28. Project characteristics • An established objective • A defined life span with a beginning and an end • Usually the involvement of several departments or people • Typically, doing something that has never been done before (unique) • Specific time, cost and performance objectives Source: Gray, 2004)

29. Established objective

30. Complex

31. Unique

32. Clear beginning…

33. … and end

34. On schedule

35. On budget

36. Requirements met

37. Involvement of several departments or people

38. Project examples

39. 4-1 Project Management Tradeoffs

40. General Project Phases

42. Programs versus Projects • Program Defined • A series of coordinated, related, multiple projects that continue over an extended time and are intended to achieve a goal. • A higher-level group of projects targeted at a common goal. • Example: • Project: completion of a required course in project management. • Program: completion of all courses required for a business major.

43. Comparison of Routine Work with Projects Routine, Repetitive Work Taking class notes Daily entering sales receipts into the accounting ledger Responding to a supply-chain request Practicing scales on the piano Routine manufacture of an Apple iPod Attaching tags on a manufactured product Projects Writing a term paper Setting up a sales kiosk for a professional accounting meeting Developing a supply-chain information system Writing a new piano piece Designing an iPod that is approximately 2 X 4 inches, interfaces with PC, and stores 10,000 songs Wire-tag projects for GE and Wal-Mart TABLE 1.1

44. Integrated Management of Projects FIGURE 1.3

45. Project Life Cycle

46. Traditional Approach Interactions

47. Traditional ApproachProject Phases

48. 7-1 Risk Event Graph

49. Traditional Project Phases for a Construction Project

50. Life Cycle Approach