 |
Project Management |
|
|
| Home > Services > Project Management |
|
| Project Management is the discipline of planning, organizing, and managing resources to bring about the successful completion of specific project goals and objectives. |
|
| A project is a finite endeavor—having
specific start and completion dates—undertaken to
create a unique product or service which brings about beneficial
change or added value. |
|
| A project is a carefully defined set of activities that use resources (money, people, materials, energy, space, provisions, communication, motivation, etc.) to achieve the project goals and objectives.
|
|
| The “Project Management” is a discipline of study that will help us to manage those resources more effectively and efficiently to achieve the projct goals and objectives. |
|
| The primary challenge of project management is to achieve all of the project goals and objectives while adhering to |
|
Classic or
Primary Constraints
Scope, Quality, Time and Budget |
|
Ambitious or
Secondary Constraints
Optmize the resource allocation and Tasks Integaration |
|
|
| Project Management Approach |
|
| There are several approaches available for
managing project
activities including Traditional, RUP, Agile, EVM and Process
Based Management etc...
Regardless of the approach employed, you need to give careful consideration to clarify project objectives, goals, and importantly, the roles and responsibilities of all participants and stakeholders.
|
|
| Project Management Phases and Framework |
|
| Project Mangement Life Cycle starts with Initiation, Planning, Execution, Controlling and Closing. Following is a typical plan for Project Management Life Cycle. |
 |
| An organization must have a framework to manage any projects to achieve its objectives and goals. |
|
| The Organization Project Mangement Framework
should have a process to manage and track the project controls
(Scope, Time, Cost, Quality and Risks) and should fecilitate
the operational things (Resources, Communication, Procurement
and Integration). |
|
| Project Life Cycles (PMLC) |
|
| Project life cycles define: |
| • |
The phases that a project goes
through from initiation to closure (The PMBOK Guide states
that a project contains an initial phase, one or more intermediate
phases and a final phase.). |
| • |
The technical work to be done in each phase. |
| • |
The skills involved in each phase. |
| • |
The deliverables and acceptance criteria
for each phase. |
| • |
How each phase will be monitored, controlled
and approved before moving to the next phase. |
|
| A typical project life cycle may contain the following 4 phases: |
|
| Initiation or Concept Phase: |
|
| The problem to be solved is identified. Deliverables from this phase could be: |
| • |
Feasibility studies that clarify the problem to be solved. |
| • |
Order of magnitude forecasts of cost. |
| • |
A project charter to grant permission
for the project to proceed. |
|
|
| Development and Planning Phase |
|
| What needs to be done is identified. Deliverables created here include: |
| • |
The scope statement. |
| • |
A work breakdown structure (WBS). |
| • |
A schedule baseline. |
| • |
A determination of budgetary costs and
a developed budget. |
| • |
Identification of resources and team
members with levels of responsibility. |
| • |
A risk assessment. |
| • |
A communications management plan. |
| • |
The project plan. |
| • |
Control systems and methods for handling
change control. |
|
|
| Implementation and Execution Phase |
|
| Actual work of the project is carried out. Deliverables include: |
| • |
Execution results for work
packages. |
| • |
Status reports and performance reporting. |
| • |
Procurement of goods and services. |
| • |
Managing, controlling and redirecting
(if needed) of scope, quality, schedule and cost. |
| • |
Resolution of problems. |
| • |
Integration of the product into operations
and the transferral of responsibility. |
|
|
| Termination and Close Phase |
|
| The product is finalized, evaluated and rejected or accepted. |
|
| Deliverables include : |
| • |
Formal acceptance. |
| • |
Documented results and lessons learned. |
| • |
Reassignment or release of resources. |
|
| |
