Project Management
Project Management Basics
Definition A complex,nonroutine,one-time effort limited by -time, budget, resources,and performance specifications designed to meet customer needs. 1-2
Definition • A complex, nonroutine, one-time effort limited by – time, – budget, – resources, and – performance specifications designed to meet customer needs. 1–2
Why Project Management? Compression of the product life cycle . Global competition ·Knowledge explosion Corporate downsizing Increased customer focus Rapid development of Third World and closed economies e Small projects that represent big problems 1-3
Why Project Management? • Compression of the product life cycle • Global competition • Knowledge explosion • Corporate downsizing • Increased customer focus • Rapid development of Third World and closed economies • Small projects that represent big problems 1–3
An Overview of Project Management Project Estimate Scheduling 5 networks resources 6 8 Define Reducing project project duration 4 9 Audit and Introduction Organization Managing Monitoring Future closure 1 risk 3 progress 16 7 13 14 Strategy Partnering International 2 12 projects Leadership Teams 15 10 11 1-4
An Overview of Project Management 1–4
The Triple Constraint Also known as the IRON TRIANGLE Time Scope Cost
The Triple Constraint • Also known as the IRON TRIANGLE Time Scope Cost