Project Management - The Complete Guide: Course Introduction Pack For Participants
Project Management - The Complete Guide: Course Introduction Pack For Participants
Project Management - The Complete Guide: Course Introduction Pack For Participants
----- Bring this Introduction Pack with you to the course -----
Note: Project Managers Network is a Registered Education Provider with the Project Management Institute PMI. The courses provided to the Centre for Continuing Education by Project Managers Network are recognised by the PMI and accrue training credits to members towards their requirements for accreditation with the PMI or for Professional Development Units to retain their credential. This course provides 21 PDUs (Professional Development Units) The courses are also endorsed by the Australian Institute of Project Management and accrue equivalent professional development credits with that body for acquiring and retaining the credential of Certified Practising Project Manager (CPPM).
Published by the Project Management Institutes Standards Committee and available from Standards Australia.
4 CCE PM Course introduction pack V3.doc
Ensure you obtain the appropriate resources for the project which will raise confidence in achieving the goals Build effective teams which are committed to the project goals Evaluate performance of the team Estimate and control project budgets
In addition to providing a sound base in Project Management principles the course encourages the participants to consider how effective Project Managers behave and to adopt these models on their projects. Attendance Three (3) days duration. Course will run from 9.00 am to 5.00 pm each day with short breaks for lunch, morning and afternoon refreshments. Learning approach Includes the following: Interactive presentations by the Course Leader will determine what the group already knows about Project Management, and provide a context for explaining principles Comprehensive Workbook containing all presentation slides plus additional materials provided to all attendees on Day 1 of course. Case Study provided in advance (see Section 3 of this document) Class activities/exercises brainstorming, discussions etc. Group assignments/exercises to assist in applying the Project Management Principles. Suggested Solutions provided to the Case Study exercises Quiz-based knowledge assessment comprising several sets of multiple choice questions Video learning (optional) Assessment Work (optional)
Course Outline/Timetable Content Introduction Project Selection Integration Management Content Course format, case study, review some basic PM concepts Project selection and approval Project Charter, nature of an overall Project Management Plan, integrated change control, executing the plan, work allocation Project Closure capturing lessons learned Scope Management Time Management Collecting requirements, documenting and verifying scope, and controlling changes to it, managing stakeholders Developing Work Breakdown Structure (WBS), estimating resource requirements and effort, schedule development and control, critical path Deriving budgets and monitoring performance against them and earned value analysis for tracking, trends and forecasting Identifying and managing risk Ensuring quality of deliverables to customer satisfaction quality planning, controls and QA Planning for and selecting goods and services from external suppliers and contract administration PM competency model, training issues, performance agreements Project Organisation models, Resource plans, team development Stakeholder Management Status reporting, information dissemination both within team and outside to stakeholders, correcting variances to plan Professional responsibility and business ethics in project management
Cost Management Risk Management Quality Management Procurement Management Human Resource Management Communications Management Professional Responsibility NOTES:
1.
The course material is based on the book A Guide to the Project Management Body of Knowledge 4th Edition, (the PMBOK Guide), published by the Project Management Institute Standards Committee. The Guide can be purchased on-line from the PMI at www.pmi.org or from Standards Australia - Standard CB 025-2002- www.saiglobal.com/shop You are strongly urged to obtain a full copy of the A Guide to the Project Management Body of Knowledge 4th Edition, for use with these course notes and for your future reference, although it is not mandatory. This course touches on features of planning tools such as Microsoft Project but does not teach how to use them. The material covered in the course however assists collection of data to drive these tools.
2.
3.
COURSE PRESENTERS The presenters are practicing project management professionals and their full biographies are provided within the Course Workbook provided on Day 1. John Flynn has wide experience in management consulting, project management, market research and analysis, economic forecasting, and PC software package design and development. He has held marketing, divisional and general management roles in companies in Australia, the United States and in the Far East. He has advised or consulted to major financial institutions, technology companies, manufacturers, resource companies and government. He has also written numerous reports on market projections and technology trends for clients throughout the world. His particular interests are in business case development, project management competency assessment and project management education. Terry Quanborough has gained significant experience in project management practices, working with major corporations across Asia Pacific and Europe. He has managed Asia Pacific Project Management Offices for large multi-nationals and has travelled extensively throughout Asia on project-related assignments. His main focus areas are Project -Governance, Health Checks & Reviews, Project Methodology and the Establishment of Effective Project Management Offices. He is a member of several professional organisations, tertiary qualified and is a Certified Project Management Professional with the Project Management Institute. Terry has spoken at several national and international conferences.
How would you describe a project what characteristics make projects different from other on-going activities in an organisation? ... ...
Projects often do not produce the results that they set out to achieve. On what basis would you classify a project as a failure? .. ..
From your observations what are the most common reasons that projects fail? ... ... Are you currently engaged in a project? If so how do you rate its chance of success? On what basis do you make this assessment? ... ...
BACKGROUND
This case study is used in the Project Management course to illustrate the complex integration and planning issues faced by many business projects today. It does not require any in-depth understanding of insurance or computer systems. It deals with the management issues raised by the circumstances outlined in this case study. As a team participants will focus on just one of the project streams / sub-projects. Please read in advance of the course so your workshop group can quickly move into discussion of the questions to be handed out during the course.
1.
Current situation
National Life Insurance (NLI) is an old and conservative life insurance company who in recent years has moved into several new product areas, including home mortgages plus a range of financial investment products particularly directed to retirees. Traditionally NLI have sold through agents and more recently, small volumes through other outlets such as real estate agents and solicitors. Branches are located in most capital cities on the eastern coast of Australia and prospects contact branches directly. Branches do not advertise their services.
2.
National are facing increasing competition such as non-bank mortgage originators and bank branches selling life insurance and investment products directly to customers. Due to pricing pressures in the market NLI have reduced the commission paid to Agents on some products. Agents are unhappy with this and are terminating their relationship with NLI and sometimes taking customers with them. Traditional life insurance is now less attractive and many people are turning to alternatives such as term life insurance, superannuation with death cover, or long-term investment products. NLI want to lift sales volumes, through new products, cross selling other products to existing customers, and obtaining new customers, whilst reducing their distribution costs. They may consider selling third party financial products that complement their own products.
3.
Planned project
NLI plan to launch a new venture to bring financial services to shopping malls by establishing walkin kiosks where sales people advise on NLI products and in most cases close the deal immediately. NLI plan to target their market correctly by using the busy retail areas, providing simple products, services and financial planning advice to prospects. This new move represents a significant change in culture for NLI. Some existing agents will be offered roles in the new venture; others may wish to renegotiate (and re-scope) agency arrangements whilst others are expected to leave. Under the new scheme, any sales enquiry calls to NLI branches will be diverted to a kiosk. The initial launch of the kiosks will be in Sydney. The Marketing Department is preparing a new financial investment product and a new home loan product for first mortgages. All kiosks will be linked to a central computer where customer databases are held, to assist NLI kiosk sales personnel to service any existing customer. All enquires will be recorded centrally so
10
that the prospect can go to any kiosk to complete their transaction. The sales person will also have access to powerful investment planning computer programs to take prospects through various investment scenarios. The preferred package has been identified, however the supplier is USA based and does not have an office in Australia. No contract has been signed yet. The supplier claims that the package can be easily tailored during installation to meet local business conditions. Initially, NLI plans for 30 sites in Sydney and Melbourne, with 8 sites set-up in Sydney for evaluation. They have secured sites for 3 Sydney kiosks and are currently negotiating the others. The emphasis is on obtaining the best site in each location rather than just what is available as the location of the kiosk is believed to be critical to success. The Melbourne launch will follow Sydney, if assessed as successful. NLI will gauge reaction in Sydney first and plan to review the performance after 6 months. It is recognised that some product or other changes may be required. The Board of NLI have requested that the pilot be operational quickly so that evaluation can occur and decisions made on whether or not to expand the pilot. Because of specific market factors the CEO has decided that the launch should occur in November. It is now January and there is a lot to do in the remaining nine months.
4.
The project takes responsibility for all the components. Changes will be required to the organisation of the Operations Group due to the kiosk operations but this is not part of the project but it will have an impact on its success. The Executive Committee have agreed to take responsibility for the cultural changes that will be required to the organisation as a whole and this is not considered part of the brief for the project.
High-level activities:
1. 2. 3. 4. 5. 6. Acquire property (negotiate leases) Install communications links to central computer Develop the kiosk properties - general remodelling & fit-out Install & modify new computer software package for financial planning (already identified) Select staff (some will be existing staff) Train staff in selling, using new computer systems for financial planning advice, and
11
other procedures (approvals for loans and insurance) 7. 8. 9. Develop procedures for the kiosks and any changes to other departments procedures arising from the launch Prepare for the launch & publicity material Install PCs and other office equipment (chairs, desks, phones for kiosk)
5.
Update
It is now late January and the project has started with a number of key roles decided. The Project Director is Mary Chapman who is Head of Systems Development in the companys IT group. She has been with the company about 12 months, has good knowledge of insurance systems, and was chosen for her previous experience in another company of managing a relatively large project covering the implementation of a new insurance package. The Project Sponsor is the GM of Operations, Bill Myers; who has control of Sales (including agents) and Branches and will eventually own the kiosk operations. He has had no prior experience as a Project Sponsor. Bill has been with the company for about 15 years in a number of roles including periods as branch manager of both large and small branches.
Other key players with a major stake in the project are: The CEO is Bruce Hockey; a long term employee, who has risen through the ranks. He is being pushed by the Board to make changes quickly to reposition the company because of strong competitive market forces. The kiosk concept is being trialled by a number of competitors but in different formats to that proposed by NLI. Other financial institutions are using their existing distribution channels to expand their businesses. Helen Schofield is Head of Marketing and she is relatively new to the company (less than 6 months). She was surprised to find just how conservative NLI were when she arrived and started talking to other managers. Helen is concerned about the ability of the company to change fast enough and also the adequacy and flexibility of the IT systems which support the business operations. On recent visits to branches she found that not all managers were convinced that kiosks were that best way forward. Some still believed in a direct sales force approach and were concerned about the loss of the agents they had recruited and trained. Others favoured alliances with selected financial institutions, whilst others thought telephone call centres were the future direction in sales and marketing of financial products and services.
It is now late January and the project has started with a number of key roles decided. The Project Director is Mary Chapman who is Head of Systems Development in the companys IT group. She has been with the company about 12 months, has good knowledge of insurance systems, and was chosen for her previous experience in another company of managing a relatively large project covering the implementation of a new insurance package. The Project Sponsor is the GM of Operations, Bill Myers, who has Sales, including agents, and Branches under his control and will eventually own the kiosk operations. He has had no prior experience being a Project Sponsor. Bill has been with the company for about 15 years in a number of roles including periods as branch manager of both small and large branches.
Other key players with a major stake in the project are: The CEO is Bruce Hockey, and he also is a long term employee, who has risen through the ranks. He is being pushed by the Board to make changes quickly to reposition the company because of competition. The kiosk concept is being trialed by a number of competitors but in
12 CCE PM Course introduction pack V3.doc
different formats to that proposed by National Life. Other financial institutions are using their existing distribution channels to expand business. Helen Schofield is Head of Marketing and she is relatively new to the company (less than 6 months). She was surprised to find just how conservative the company is when she arrived and started talking to other managers. Helen is concerned about the ability of the company to change fast enough an also the adequacy and flexibility of the IT systems which support the business operation. On recent visits to branches she found that not all managers were convinced that kiosks were that best way to go forward. Some still believed in a direct sales force and were concerned about the loss of the agents they had recruited and trained. Other favoured alliances with selected financial institutions, whilst others thought telephone call centres were the future direction in sales and marketing.
Attachments: Organisation chart Attachment A Project organisation chart (proposed) Attachment B Initial network diagram Attachment C
13
Mortgages
Actuarial
Operations
Marketing & PR
Investment Management
Corporate Services
Secretarial
14
Plan Project
15
16
17
Outcomes
Overnight: Complete your own project description only if not using the Case study Revise material from Day 1 of course Commence answering Group 1 topic questions Answers to multiple choice questions will be provided in class
Day 2
Overnight: Revise Group 1 topic material Complete exercises for both Group 1 & 2 topics Answers to multiple choice questions will be provided in class
Day 3
Complete Exercise (short) for Group 3 topics (last set) (time will be provided to allow for this) At end of course: Multiple choice questions on all topics Hand in answers for Day 1-3 Questions
Receive suggested solutions to questions for Days 1-3 and to the last set of Multiple choice questions before you leave the course Receive back from CCE: Marked multiple choice questions for Day 1-3 Marked exercises for all topics Statement of Attainment if proficiency demonstrated
After course
Note: Even if you do NOT intend to participate in the Assessment to gain a Statement of Attainment you will gain benefit from attempting the multiple choice questions and exercises each day and receiving the suggested answers, as they will help you review your level of understanding of the course material. We also request everyone to participate in the quiz questions as this provides a useful benchmark for the assessment process for each session.
18
How would you rate the size of this project (refer to the size category options below)?
Large / Medium / Small (circle one) Indicate if based on Resource / Cost / Duration (circle)
. .
How long have you held these responsibilities (or what is the duration of your role on the project)?
19
20
You are asked to select five (5) questions from different topic groups as follows: Assessments Group Instructions Guide
Need to be from different Knowledge Areas Areas are: Integration, Scope, Time, Cost Need to be from different Knowledge Areas Areas are: Risk, Quality, Procurement Any Areas are: Communication, Human Resource
Notes. 1. Answers should be brief (preferably one page each) 2. Use of tables, bullet points or diagrams is encouraged 3. When we ask for a process, a table is a convenient way to show it. We strongly suggest you use the formats indicated. 4. Do not simply copy material in the workbooks elaborate and apply the techniques to demonstrate your understanding of the material covered. 5. Note to those students using the course case study You must tailor your answer so that it applies to the case study as you have studied it in the course. You may need to make assumptions due to lack of detail in the case document, but the solution you provide must fit the overall case study situation as it documented in the handout. 6. If you are using your own project and the process followed is very informal or non-existent, then indicate what is needed to fix it based on work covered in the course. 7. To obtain the Statement of Attainment you will need to demonstrate your understanding through both the multiple-choice questions and the exercises.
21
Group 1 Topics
Answer TWO (2) questions on any two different Knowledge Areas in this Topic Group. Areas are: Integration, Scope, Time, Cost Knowledge Area: Integration Management
1.1 PROJECT CLOSURE Based on information provided in workbook for this topic, on results of meetings about the Kiosk Case Study project and outline what you think are the main issues and lessons learned that should be reported in the Post Project Review. Pick 4 or 5 specific issues. There may be several lessons learned from each issue. Project Issue Lessons Learned future improvement
Briefly describe five different techniques that you can use to either define or verify Scope, including when and why they are used. Use the following format. No. Technique When used Why used
22
Describe the change control process used either on your project or case study project. Include the following: who approves the changes, how changes are tracked, what issues are evaluated in making the decision.
Is the process followed all the time or only partially? If the latter what do you suggest be done to improve this situation? Use the following format or a process flow diagram. No. Activity Who Output/comments
Outline your process used/to be used to developing and approving the schedule time/effort estimates for the case study or your own project. Use the following format. No. Activity Who Output / Comments
23
Activity
Total Budget $k
Planned Actual cost Percentage Earned Value @ end @ end Qtr 2 complete at Value $ k Qtr 2 $ k $k end Qtr 2 75 25 150 150 300 150 850 25 25 120 50 15 Nil 30 25 115 60 25 Nil
To help you calculate % complete at the end of Quarter 2 the following information is provided: Project Management is a time based activity or allocated positions therefore treat as complete Planning progress is assessed on completed document reviews - 7 complete out of 10 Specifications have met all milestones to date Design spent 100 days effort against an estimate of 80 days to date - but work to go is forecast to be as planned Build some planning and prototyping work started spent 28 days to date against planned 30 total forecast build duration is now 185 days (ie 28 days are spent + 157 to go) original total estimate was 200 days Implementation not due to be started yet YOU SHOULD HAVE COMPLETED 2 QUESTIONS FOR GROUP 1 TOPICS
24
Group 2 Topics
Answer TWO (2) questions on any two different Knowledge Areas in this Topic Group. Areas are: Quality, Risk and Procurement Knowledge Area: Risk Management Question 2.1 Risk Management Process Outline the process used/to be used to identify, quantify, respond to and monitor Project risks. Use the following format Risk Management Process: No. Activity Who Output/comments
Knowledge Area: Risk Management Question 2.2 Risk Register For TWO of the risks in your Risk Register complete the table below. Risk identified & potential impacts on project Mitigation strategies Specific actions to be taken to implement strategies By whom By when
(Likelihood/Probability and impact ratings not required) How do you know if actions are being taken? Describe how the actions are monitored?
25
Phase
Overall project (Controls applying to all phases of the project)
Planning phase
Specification phase
Testing/Implementation phase
(If using the case study, identify the stream of the case you are using for planning, specification, deign build, test/implement activities)
26
Measure 1
Indicators
Measure 2
Indicators
Measure 3
Indicators
27
Technique used
28
Group 3 Topics
Answer TWO (2) questions on any two different Knowledge Areas in this Topic Group. Areas are: Communications and Human Resource Management Knowledge Area: Communications Management Question 3.1 Status Report
Explain at a high level (table or flow diagram) the process for collecting data from the team(s) and other sources for creating the Project Status Report. Collection of data for Status Report
Information
29
No.
Activity
When
Who
Consider what of above activities the suppliers could be included in if none, then think about how the Project Director team can build a team attitude with some of their suppliers.
30
YOU SHOULD HAVE COMPLETED ONLY 1 QUESTION FOR GROUP 3 TOPICS (LAST DAY)
31
Only one answer is correct choose the one most suitable answer to each question
1. The most critical time for undertaking Risk Assessment is: a. After the schedule is completed b. When problems occur c. When Management request it d. During Planning phase
2. A Project Plan is another name for: a. GANTT chart b. A schedule c. A schedule and network diagram d. A document which describes how the project will be conducted to achieve it goals
3. Which of the following is not an example of a change of scope: a. A variation in Government Regulations b. Introducing new technology not previously available c. A decision to change estimating methods d. Failure to include a required feature in a Banking system
32
Step 1 2 3 4
Have You: Handed in multiple-choice questions from Day 1 and 2? Handed in multiple-choice questions from Day 3? Completed the information sheet on Page 18 if using own project for assessment? Answered 5 questions as follows: a. Group 1 two answers from two different topics? b. Group 2 two answers from two different topics? c. Group 3 only one answer from any topic?
Remember to collect suggested answers as you leave the course but dont share with others who may not have handed in their assessment
33