1.
0 Introduction, project management overview
https://padlet.com/farahanim_fara/CPE520
Explain basic principles and
practice of project management
(CO1).
Ability to demonstrate
knowledge and understanding
of project management and
finance (PO10).
To recognize the
To define the term
characteristics of a
‘project’
project
LEARNING To provide
examples of
To differentiate
between a project
OBJECTIVES projects and a non-project
Explain the
Define and provide difference between
the scope of project project management
management and general
management
A project is “a temporary
endeavor undertaken to
accomplish a unique product
or service”
-(PMBOK® Guide 2000, p. 4)
Stands for Project Management Book of
Knowledge.
a book which presents a set of standard terminology
and guidelines for project management
Published by: Project Management Institute (PMI)
-http://www.pmi.org
•Series of activities or tasks,
•Specific, timely, usually
specific objectives, defined
multidisciplinary, and
start and end dates, funding
always conflict ridden
limits, consumes resources,
(Mantel et al.)
multifunctional (Kerzner)
Unique purpose/ specific/ one time and contains well-
defined objectives
Temporary (have a definite start date and an expected
completion date)
– Require resources, often from various areas
–Should have a primary sponsor/customer/client
**The project sponsor usually provides the direction and funding for the project
– Involve uncertainty
–Has unknown elements, which therefore create risk
–Brings about change
–Often multidisciplinary
The newly launched Penang 2nd Bridge
(Sultan Abdul Halim Muadzam Shah
Bridge)
Project started: August , Project
ended: February 2014
Purpose : A second bridge to link the
(penang) island to the mainland. It is seen
as a key catalyst in the socio-economic
development of the Northern Corridor
Economic Region (NCER) of Malaysia
(source: Wikipedia)
Building a new
Writing up a thesis
chemical plant
Planning a birthday Sending an astronaut
party for your mother to the space
Something done as a routine (ongoing, repetitive
activities –lacking the ‘uniqueness’.
•Rarely implies the implementation of something
new.
WHAT IS NOT Examples of non-project:
Attending classes every week
A PROJECT?? Renewing road tax every year
Company’s annual grand meeting
Shut down/ Turn around of a chemical plant
Building a house Yes No
Lecturer giving lectures Yes No
Mowing the lawn Yes No
Planning a wedding Yes No
Setting up a business Yes No
Mega projects may be defined as:
“Projects that cost more than US$1 billion (extremely large-scale investment) and
attract a lot of public attention because of substantial impacts on communities,
environment, and budgets”
OR
“Initiatives that are physical, very expensive, and public“
Sometimes called “major program”
Require care in the project development process to reduce any possible optimism bias and strategic misrepresentation
Examples of megaprojects include bridges, tunnels, highways, railways, airports, seaports, power plants, dams, wastewater projects, Special Economic
Zones (SEZ), oil and natural gas extraction projects, public buildings, information technology systems, aerospace projects, weapons systems, huge
charity campaign.
"Mega" also implies the size of the task involved in developing, planning, and managing projects of this magnitude.
Other projects that cost less than $1 billion are sometimes also called megaprojects, it depends on the context. Example, projects less than 1 billion in a
medium sized town may be considered “mega”, this would not be necessarily be the case for a similar sized project in a major world city.
Program: “A group of related projects
managed in a coordinated way to obtain
benefits and control not available from
managing them individually.”
Management :
the process of Planning, Organizing, Controlling and
Measuring
Planning :
The most critical and gets the
least amount of our time
Organizing:
Orderly fashion (Contingent/Prerequisites)
Controlling:
Critical if we are to use our limited resources wisely
Measuring:
To determine if we accomplished the goal or met the
target.
DEFINITION OF The application of knowledge, skills,
tools, and techniques to project
PROJECT
activities in order to meet project
MANAGEMENT requirements”
(PMI*,ProjectManagementBodyofKnowledge(PMBOK®Guide),2004)
Stakeholders are the people involved in or affected by project activities
Stakeholders include:
–the project’s sponsor/client and its project team
–the project’s contractor and its project team
–support staff
–users
–suppliers
–opponents to the project
Project management tools and techniques assist project managers
and their teams in various aspects of project management
Some specific ones include
–Project Charter, scope statement, and WBS (scope)
–Gantt charts, network diagrams, critical path analysis, critical
chain scheduling (time)
–Cost estimates and earned value management (cost)
Basically, the two disciplines overlap with each other.
General management also encompasses planning, organizing,
staffing, executing and controlling but it is more applicable to
operations of the ongoing enterprise.
Project management principles are more specific to implementation
of a change, a project, which is a unique and temporary with a finite
start and finish time and has all the attendant problems and risks
associated with it.
