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Lecture II

In the beginning God created the universe.

All subsequent projects have been of lesser significance.

- Anonymous

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Facets of a Project

Temporary

Unique product, services or resultProgressive Elaboration

Requires resources

Involves uncertainty

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Difference Between Projects &Routine Operations

PROJECTS

New types of tasks

Require extensiveplanning

Unique outputs

Starting and endingdate

Limited funds

OPERATIONS

Day to Day activity

Repetitive

Same type ofoutput

No ending date

SIMILARITIES

Purpose of a project is to attain itsobjective and then terminate

The objective of an ongoing operation isto sustain the business

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Examples

Building a water system for community

Manufacturing Skoda cars in a plant

Running MPM program at BahriaUniversity

Research on Higgs Boson

Establishing solar powered parkTelephony services at home

Feasibility study of power generationthrou h wind mills

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History of Project Management

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Ancient feats of construction

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Taj Mahal

20,000 workers

Craftsmen from allaround the world,

China, Bukhara,Syria, Afghanistan,Persia, Tibet, India,Sri Lanka

Approximately 12+10years to complete

1000 elephants

Completed in 1643

32 million rupees in

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77,000 sqmeters ofspace

Built in 1703

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1933-1937

$37 million

Finished $1.3

million underbudget

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AirbusA380

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IPMA: International Public Mgt Asso

AACE: Assoc for advancement of cost engineeringCCPM: Critical chain PM

PMBOK 5

2013

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Why Start Projects?

Market demand

Business need

Customer request

Technological advance

Legal requirement

Social need

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Why Start Projects?

Market demand

Business need

Customer request

Technological advance

Legal requirement

Social need

An oil company builds a new refinery in response to gasoline shortages

Training company authorizes a project to createa new course to increase revenue

Electric utility company starts a project to build as new substationto serve a new locality

3 D HD TVs

Paint Company authorizes a project to establish guide linesto handle toxic material

Government starts Rescue 911 emergency services

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Project Management

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Modern day Pioneers 1900 Fredrick Taylor

(worker productivity)

1930 Henry Gantt(Gantt Charts)

1950 Willard Fazar(Program Evaluation and ReviewTechnique PERT

)

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Food for thought

Project Management has been around forcenturies

Principles are same Priorities differ (from place to place and time

to time)

Methodologies may differQUESTION

Are you going to benefit from Project

Management?

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Project Management Need

Multiple people Multiple resources (labs, equipment,

etc.) Multiple tasks some must precede

others Multiple decision points approvals Phased expenditure of funds Matching of people/resources to tasks

Complex project needs coordination of :

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Project Manager

PracticalExperien

ce inProject

Mgmt

PracticalExperien

ce (Relevant

Field)

Motivator

Communicator

Organizer

ConflictResolver

A person who manages a project

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HELL

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Triple Constraints

SCOPEIncreased Scope = increased time + increased

cost

Tight Time= increased costs + reduced scopeTight Budget= increased time + reduced scope.

QUALITY

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Transition Process

Different project constraints can come intoplay at different times in the project and eachof these constraint needs to be evaluated interms of customer satisfaction