fundementals Flashcards
DEFINITION OF A PROJECT 1.3 TYPES OF PROJECTS 1.4 PROJECT CHARACTERISTICS 1.5 THE PROJECT LIFE CYCLE 1.6 DEFINITION OF PROJECT MANAGEMENT 1.7 PROJECT MANAGEMENT CONSTRAINTS 1.8 PROJECT INTEGRATION MANAGEMENT 1.9 PROJECT FAILURE
what is a project
unique
complex
once off
non routine
different types of projects
projects
programs
megaprojects
portfolios
characteristics of a project
1.definable and measurable objectives
2.have a customer
3.carried out via a set of interdependent tasks
4. have a definite start and finish date
5. a project is once off
stages of a project
initiate and define
planning
execution
delivering and closing
4 managerial activities in project management
planning:thinking about the activities needed to produce outcomes
leading: motivating , encouraging and inspiring ind to perform at greater productivity
organizing;
control:evaluate outcomes against goals and make corrections if it does not add up
project management constraints
scope: what work will be done and what does stakeholders expect from the project
time.
cost.amount customer agreed to pay.
quality:
risk: uncertain events that will have a impact on the project
resources.
customer satisfaction.
stakeholders.
what is project management
the process of applying knoknowledge of motivating , leading , controlling and planning of project tasks or activities in a effective and efficient way
reasons for project failure
poor relationship to companies strategic priorities.
lack of feasibility.poor estimation of cost.
project objectives and outcomes are not clearly articulated.
inadequate governance.
poor or no stakeholders engagement.
risks not clearly investigated.
poor change management.
integration management
coordination between different aspects of a project.
coordinating different processes and activities that make up a project.
integration of different management skills such as hard and soft skills
aligning project objectives with overall strategic objectives of the organization.