Project management concepts and applications

A project is a temporary effort to create unique product, service or result. A project has a definite start and end.

Project management concepts and applications

Procurement Human resources Communications: Setting up, maintaining, and carrying out communications among stakeholders that are active, effective, and collaborative in nature; Risk management Stakeholder management: Addressing the various needs, concerns, and expectations of the stakeholders in planning and executing the project.

Managing stakeholders towards meeting project requirements and creating project deliverables. Managing projects need special tools and techniques to process large data and manage multiple aspects of a project. This document integrates the knowledge areas with individual plans to form one combined baseline plan.

This technique is used to Project management concepts and applications multiple components of project sequence performed to achieve set of objectives.

This process is subdivided into following sub processes namely initiation, planning, execution and closing Project Organization Structure: Organization structure technique is used by the project manager to form temporary organization structure or project team that is designed as per the project needs which will help in coordination of independent work.

This methodology divides the project into multiple independent phases that produce an independent deliverable. It is composed of defining the initial parameters, the concept is well defined and the requirement collection, analysis and data gathering are performed. Planning Phase The project planning phase is the next step after project initiation.

Once the project is initiated the stakeholders who are accountable to take the responsibility are chosen and then the resource allocation under each stakeholder is performed.

Execution Phase The third step is to execute the project with the help of plans, processes and the entire project management schedule.

Project management concepts and applications

Each milestone set during the project management plan is executed carefully with focus and emphasis on the quality of the work being delivered.

Closure Phase The final step is project closing in which the entire activities and plans have been executed the project is now handed over to the client.

Support and service to the product is provided to do the operational tasks and run the completely deployed application. This is different over the different stages of the project and is useful to guide the project manager as to how many hours to spend within each phase.

See Yourself Succeed in Project Management

The project lifecycle is often presented with its associated level of effort. The accumulated effort is the sum of the effort to date. Level of Influence Vs Cost of Changes As projects become more involved and complex,together with time pressures to shorten the implementation phase so the need to get the design right from the outset becomes more important.

Consider a shipbuilding project, where the cost of changing the engine room arrangement at the concept and design phases would be the cost of design hours to reproducing a number of drawings.

Project management concepts and applications

Cost of changes However a change at the implementation phase would not only incur design costs, but also the cost to remove machinery already fitted, together with the cost of new equipment. Additional labour and may be penalties for late delivery.

How to reduce this cost of changes? This cost profile encourage model testing and computer aided simulation where ideas and options can be developed and tested cost effectively before the implementation phase.

Applications in Project & Program Management | Management Concepts

The stakeholder level of design influence, or potential to add value to the project reduces as the project progresses. As the design develops, so design freezes must be imposed progressively for the design to progress. For example, if the foundations are to change after the building has started, then not only design parameters but entire construction has to redesign.

This is clearly illustrated in the above figure where the level of influence and cost of changes are plotted against the project life-cycle.

At the onset of the project the potential for adding value and cost savings are at their highest, but steadily reduce as the project progresses — loosely mirroring this curve are the associated cost of any changes. The financial encouragement is therefore, to spend proportionally more time and effort during the initial phases to get the design right before implementation.

It therefore follows that the project manager should be appointed during these early phases to ensure that the maximum advantage is taken to influence the project effectively. Planning and Control Techniques, Wiley publication, Fourth edition,This course provides the foundation for effective requirements development and systems management for mid level FAC-P/PM.

Places of Study

Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria at the specified time.

A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or staffing. Project Management: Concepts, Methodologies, Tools, and Applications (4 Volumes): Business & Management Books.

Remote Collaboration Tool (RCT) Online Project Management Software, Task Management And Issue Reporting Tools: speeDEV is a complete Web-based environment, designed to allow all the participants in a Software Project to participate and exchange information about the Project.

Microsoft Project Training. Microsoft Project is a project management software program designed to assist project managers in effectively managing tasks so they can achieve a successful outcome. Project Management: Chapter1: Basic concepts. August 18, ICT- Applications and Government Schemes August 22, Project management processes fall.

15 Project Management Methodologies You Need to Know About