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The Process of Managing Projects

Learn about the essence of project management, from initiation to closure, emphasizing adaptability in dynamic environments. Discover key lessons and strategies for successful project delivery in the digital era.

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The Process of Managing Projects

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  1. The Process of Managing Projects • We all undertake projects but we rarely make conscious efforts to manage them • In manufacturing environments, project management focuses on standardization of repetitive production processes • In information-rich environments, project management focuses on flexibly coping with dynamically changing processes and procedures

  2. What is a Project? • Goal-oriented • Coordinated undertaking of inter-related activities • Finite in duration with beginnings and ends • To a degree each one is unique

  3. What is Project Management? • Getting the job done • on time • within budget • according to specifications • This is called the triple constraint

  4. The Project Life Cycle • Project selection - arise out of needs and involve commitments • Planning - preplanning, milestones, revisions • Implementation - doing what’s spelled out in the plan • Control - monitoring and dealing with variances • Evaluation - periodic “stock-taking” by objective observers • Termination - making sure loose ends are handled

  5. Project Management in the Information Age • We have shifted from working with tangible stuff to less tangible information • The character of projects has become quite different

  6. Key Lessons • Avoiding pitfalls - what can go wrong will go wrong • Organizational factors • Poorly identified needs • Inadequately specified requirements • Poor planning and control • Learning to make things happen • organization, interaction skills, flexibility, ability to convince

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