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PROJECTS AND THEIR MANAGEMENT

PROJECTS AND THEIR MANAGEMENT. A PROJECT IS SOMETHING WHICH HAS A BEGINNING AND AN END. A PROJECT IS A HUMAN ENDEAVOUR WHICH CREATE CHANGE; IS LIMITED IN TIME AND SCOPE; HAS GOALS AND OBJECTIVES; INVOLVES A VARIETY OF RESOURCES; AND IS UNIQUE.

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PROJECTS AND THEIR MANAGEMENT

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  1. PROJECTS AND THEIR MANAGEMENT • A PROJECT IS SOMETHING WHICH HAS A BEGINNING AND AN END. • A PROJECT IS A HUMAN ENDEAVOUR WHICH CREATE CHANGE; IS LIMITED IN TIME AND SCOPE; HAS GOALS AND OBJECTIVES; INVOLVES A VARIETY OF RESOURCES; AND IS UNIQUE. • A PROJECT IS A COMPLEX EFFORT TO ACHIEVE A SPECIFIC OBJECTIVE WITHIN A SCHUDULE AND BUDGET TARGET. • A PROJECT IS A ONE-TIME UNIQUE ENDEAVOUR BY PEOPLE TO DO SOMETHING THAT HAS NOT BEEN DONE THAT WAY BEFORE.

  2. PROJECTS Vs OPERATIONS • PROJECTS - OPERATIONS • UNIQUE REPETITIVE • FINITE ETERNAL • TRANSIENT STABLE • UNCERTAIN CERTAIN • FLEXIBILITY STABILITY • RISKS STATUS-QUO

  3. PROJECT AND PROJECT MANAGEMENT • A PROJECT IS AN ENDEAVOUR IN WHICH HUMAN, MATERIAL AND FINANCIAL RESOURCES ARE ORGANIZED IN A NOVAL WAY, TO UNDERTAKE A UNIQUE SCOPE OF WORK OF GIVEN SPECIFICATION, WITHIN CONSTRAINTS OF COST AND TIME, SO AS TO ACHIEVE BENEFICIAL CHANGE DEFINED BY QUANTITATIVE AND QUALITATIVE OBJECTIVES. • PROJECT MANAGEMENT DEFINED AS A PROCESS BY WHICH A PROJECT IS COMPLETED SUCCESSFULLY. THREE DIMENSIONS TO THIS PROCESS: • PROJECT OBJECTIVES • MANAGEMENT PROCESSES TO ACHIEVE THE OBJECTIVES • LEVELS AT WHICH THEPROCESSES ARE APPLIED.

  4. THE PROJECT OBJECTIVES • MANAGING SCOPE • MANAGING ORGANIZATION • MANAGING QUALITY • MANAGING COST • MANAGING TIME • MANAGING RISK

  5. THE MANAGEMENT PROCESSES • TWO VIEWS ON MANAGEMENT PROCESSES. • THE PROBLEM-SOLVING APPROACH ADDRESSES THE UNCERTAINTY, VIEWING THE PROJECT’S PURPOSE AS A PROBLEM, AND APPLIES STANDARD MANAGEMENT PROCESSES FOR PROBLEM SOLVING: PLAN, ORGANIZE, IMPLEMENT AND CONTROL. • THE PROJECT MANAGEMENT LIFE CYCLE APPROACH ADDRESSES THE TRANSIENCE OF PROJECTS DIRECTLY. HAVING A BEGINNING AND AN END, PROJECTS GO THROUGH SEVERAL STAGES OF DEVELOPMENT SUCH AS: GERMINATION, GROWTH, MATURITY AND DEATH.

  6. THE FUNDAMENTAL LEVELS • A PROJECT HAS THREE FUNDAMENTAL LEVELS AT WHICH EACH OBJECTIVE IS MANAGED. • LEVEL 1: THE INTEGRATIVE LEVEL • LEVEL 2: THE STRATEGIC LEVEL • LEVEL3: THE TACTICAL LEVEL. • FOR ORGANIZATION, LEVEL 1 OF MAMAGEMENT INTEGRATES THE PROJECT INTO ITS CONTEXT, LEVEL 2 TRANSLATES CORPORATE OBJECTIVES INTO PROJECT STRATEGIES, AND LEVEL 3 IMPLEMENTS THE STRATEGIES.

  7. SUMMARY • 1. A PROJECT: - IS A UNIQUE SCOPE OF WORK - IS UNDERTAKEN USING A NOVEL ORGANIZATION - ACHIEVES BENEFICIAL CHANGE. • 2. A PROJECT THEREFORE: - CARRIES CONSIDERABLE UNCERTAINTY AND RISK - REQUIRES THE INTEGRATION OF THE NOVEL ORGANIZATION - IS SUBJECT TO CONSTRAINTS OF TIME, COST AND QUALITY • 3. PROJECT MANAGEMNT IS THE PROCESS BY WHICH A PROJECT IS BROUGHT TO A SUCCESSFUL CONCLUSION. • 4. PROJECT MANAGEMNT HAS THREE DIMENSIONS: - THE OBJECTIVES: SCOPE, ORGANIZATION, QUALITY, COST, TIME - THE MANAGEMENT PROCESSES: PLAN, ORGANIZE, IMPLEMENT, CONTROL - THE LEVELS: INTEGRATIVE, STRATEGIC, TACTICAL.

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