Lecture 1
Lecture 1
3. Academic Definition:
In an academic context, project management can be defined as the systematic
discipline that encompasses the planning, organizing, coordinating, and
controlling of resources, activities, and tasks within a project. Its primary
objective is to achieve predefined project objectives, often involving the creation
of unique products, services, or results, while adhering to constraints such as time,
budget, scope, and quality.
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Project management draws upon a wide range of knowledge areas, methodologies,
and best practices, with a focus on effective communication, risk mitigation, and
stakeholder engagement to ensure project success.
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III. Early 20th Century:
- Scientific Management: Frederick Taylor's principles of scientific
management (1910) introduced the concept of efficiency and systematic work
methods. This laid the groundwork for modern project management.
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- AI and Automation: Artificial intelligence and automation are becoming
integral to project management, streamlining tasks and enhancing decision-making.
In Conclusion, project management has come a long way from its humble
beginnings in ancient civilizations. It has evolved into a complex discipline with a wide
range of methodologies and tools. As we move forward, project managers will continue
to adapt to new challenges and technologies, ensuring the successful execution of
projects in an ever-changing world.
9. Agile Manifesto Authors (Including Kent Beck, Martin Fowler, and others):
- Notable Work: The authors of the Agile Manifesto revolutionized project
management by emphasizing iterative and incremental development, collaboration,
and customer feedback in software development projects.
These individuals and their contributions have significantly shaped the field of
project management, influencing how projects are planned, executed, and controlled.
1. Manual Tools (Pre-20th Century): Project management was initially done using
pen and paper, charts, and rudimentary scheduling techniques.
2. Gantt Charts (1910s): Henry L. Gantt introduced Gantt charts, which provided
a visual representation of project schedules. These were manually created and
offered a simple way to track tasks and timelines.
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3. Critical Path Method (CPM, 1950s): Developed during the construction of the
Polaris submarine project, CPM enabled managers to identify the most critical
tasks and their dependencies for complex projects.
4. Program Evaluation and Review Technique (PERT, 1950s): PERT, developed
by the U.S. Navy, focused on probabilistic scheduling, helping manage
uncertainty in project timelines.
5. Project Management Software (1980s): The advent of personal computers led to
the development of software like Microsoft Project, allowing for more automated
scheduling, resource allocation, and tracking.
6. Agile Methodology (2001): Agile introduced iterative and flexible project
management techniques, emphasizing collaboration and adaptability. Tools like
Jira and Trello support Agile practices.
7. Cloud-Based Tools (2000s): The rise of cloud computing brought about web-
based project management tools like Asana, Basecamp, and Trello, making
collaboration and remote work more accessible.
8. Mobile Apps (2010s): Mobile project management apps, such as Slack and
mobile versions of existing tools, enabled project managers and teams to work on
the go.
9. Artificial Intelligence (AI, ongoing): AI is increasingly integrated into project
management tools, automating tasks like data analysis, resource allocation, and
risk assessment.
10. Blockchain (emerging): Blockchain technology is being explored for
project management to enhance security, transparency, and traceability of project
data.
11. Hybrid Approaches (ongoing): Project management is evolving towards
hybrid methodologies that combine traditional Waterfall methods with Agile
principles to suit different project needs.
12. Predictive Analytics (ongoing): Advanced data analytics and predictive
modelling are becoming more prominent in project management, allowing for
better forecasting and decision-making.
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13. Virtual Reality (VR) and Augmented Reality (AR, emerging): VR and
AR technologies are being explored for visualizing project progress and
facilitating remote collaboration.
Overall, project management tools and techniques continue to evolve to meet the
changing needs of modern projects, emphasizing collaboration, adaptability, and data-
driven decision-making.
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9. Project Integration: Coordinating various project activities, ensuring that
they work together to achieve the project objectives.
10. Project Change Management: Managing changes in project scope, schedule,
and resources while minimizing the impact on project outcomes.
11. Project Leadership: Providing direction, guidance, and motivation to the
project team throughout the project lifecycle.
12. Project Monitoring and Control: Regularly reviewing project progress,
comparing it against the project plan, and taking corrective actions as
necessary.
These five process groups of project management were identified in the PMBOK®
(Project Management Book of Knowledge, including:
Project initiation
- Selection of the best project given resource limits.
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- Recognizing the benefits of the project.
- Preparation of the documents to sanction the project.
- Assigning of the project manager.
Project planning
- Definition of the work requirements.
- Definition of the quality and quantity of work.
- Definition of the resources needed.
- Scheduling the activities.
- Evaluation of the various risks.
Project execution
- Negotiating for the project team members.
- Directing and managing the work.
- Working with the team members to help them improve.
Project closure
- Verifying that all of the work has been accomplished.
- Contractual closure of the contract.
- Financial closure of the charge numbers.
- Administrative closure of the paperwork.
▪ Successful project management can then be defined as having achieved
the project objectives:
- Within time.
- Within cost.
- At the desired performance/technology level.
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- While utilizing the assigned resources effectively and efficiently.
- Accepted by the customer.
Project Stakeholders
Stakeholder is defined as “a person or group of people who have a vested interest
in the success of an organization and the environment in which the organization
operates”.
1. Internal Stakeholders
Internal stakeholders are within the organization. The project directly impacts them
as they serve and are employed by the organization managing it. Internal stakeholders
can include employees, owners, the board of directors, project managers, investors and
more.
1. Investors: These are stakeholders looking for a financial return and can be
shareholders and debtholders. They have invested capital in the business and
want a return on that investment.
2. Project manager: From the initiation to closing, a project manager is the
most critical stakeholder throughout all the project phases as they are the
project's leaders.
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3. Team members: Team members are equal, if not more, critical stakeholders
for the project's success. They are ultimately responsible for the execution
and outcome and can significantly impact project success.
4. Company owners: They may have ultimate control over project resources,
budgets, and outcomes.
5. Consultants: Consultants are typically process or domain experts. They can
influence project execution and success through their advice.
2. External Stakeholders
External stakeholders are those who are outside of the organization and are
indirectly impacted by the project. They’re influenced by the organization’s work but
are not employees of the organization. These people can be suppliers, customers,
creditors, clients, intermediaries, competitors, society, government and more.
1. Customers: These stakeholders want the product or service that the project
delivers and they expect it to be of quality and contain value.
2. Communities: These stakeholders don’t want the project to negatively
impact their health, safety or economic development. The organizations that
are housed in their communities or working on projects in their communities
can impact job creation, spending and more.
3. Government: These stakeholders get taxes and gross domestic product
from a project. They are major stakeholders as they collect taxes from both
the company on a corporate level and individually from those it employs.
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