Project Management Basics PMBOK 6
Project Management Basics PMBOK 6
Project Management Basics PMBOK 6
INTRODUCTION
• A project is a temporary
endeavor undertaken to create a
unique product, service, or result.
Project Project
We Reached The End of Project when ?
The project’s objectives have been achieved;
The objectives will not or cannot be met;
Funding is exhausted or no longer available for
allocation to the project;
The human or physical resources are no longer
available;
The project is terminated for legal cause or
convenience.
The need for the project no longer exists (e.g., the
customer no longer wants the project completed, a
change in strategy or priority ends the project, the
organizational management provides direction to end
the project);
Project Objectives May Produce One or More of
The Following Deliverables
Manage
Balance the
Identify, recover, constraints (e.g.,
influence of
or terminate scope, quality,
constraints on the
failing projects schedule, costs,
project
resources)
Effective project management helps individuals, groups, and
public and private organizations to:
Portfolios
A portfolio is a collection of projects , programs,
subsidiary portfolios, and operations managed as
a group to achieve strategic objectives.
Program and project management focus on doing programs and projects
the “right” way; and
Portfolio management focuses on doing the “right” programs and
projects.
Portfolio Management
Program Management
In an iterative life cycle, the project scope is generally determined early in the
project life cycle, but time and cost estimates are routinely modified as the
project team’s understanding of the product increases.
Adaptive life cycles are agile, iterative, or incremental. The detailed scope is
defined and approved before the start of an iteration. Adaptive life cycles are
also referred to as agile or change-driven life cycles.
Business needs:
• Determination of what is prompting the need for action;
• Situational statement documenting the business problem or opportunity to
be addressed including the value to be delivered to the organization;
• Identification of stakeholders affected; and
• Identification of the scope.