PROJECT MANAGEMENT, PMI APPROACH (PMP)PROJECT INITIATION PHASE

Sayed AhmedBSc. Eng. in CSc. & Eng. (BUET, Bangladesh)

MSc. in CSc. (University of Manitoba, Canada)

http://sayed.JustEtc.net

http://www.JustETC.net

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Just E.T.C for Business, Education, Technology, and Entertainment Solutions

Resources:Book: PMP in Depth by Paul Sanghera Book: The PMP Exam, How to Pass on Your First TryProject Management Courses in Undergraduate StudyWork Experience

REFERENCES & RESOURCES

Book: PMP in Depth by P. Sanghera Read on 2007

Book: The PMP Exam, How to Pass on Your First Try Read on 2007

A Project Management Course in Undergraduate Study Articles from the Internet Work Experience

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LEARNING OBJECTIVES

How Does a project start?How is a project/solution selected?Some Considerations

Will a project succeed?Do we need to consider project

stakeholders?How is a project formalized?

Project CharterProject Scope Statement 3

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OUR SERVICES

HOW DOES A PROJECT START?

Business Requirements Opportunities Problem

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HOW DOES A PROJECT START? Business Requirements

Example: The government requires airline companies to implement

safety-management systems. A company needs to find out the success of their

ecommerce web-site Opportunities

To take advantage of an opportunity like technology breakthrough.

Example many projects may be planned targeting iPhone or iPad

Problem To reduce/eliminate a problem. Airport x faces 2/3 accidents every year,

the airport authority may wish to perform a project to identify causes and develop

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HOW IS A PROJECT/SOLUTION SELECTED?

A particular project may have different alternative solutions.

A company may have multiple project plans

and they need to select one of them.

But How? Scoring Model Benefit contribution Economic models

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HOW IS A PROJECT SOLUTION SELECTED?

Scoring Model Identify some matrix to find

which project strategy is better or which project/solution will be more profitable

Assign values for these parameters and select one that provides greater value

Benefit contribution Use cost benefit analysis

short term and long term cost benefit analysis

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HOW IS A PROJECT SOLUTION SELECTED?

Economic models Benefit Cost Ratio Cash Flow Internal Return Rate Present Value and Net Present Value Opportunity Cost Discounted Cash Flow Return on Investment

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SOME CONSIDERATIONS Will a project succeed?

There are many mathematical models to justify/predict the success of a project

Do we need to consider project stakeholders? Yes. Because the project may

benefit some people and may cause disadvantages to some people. Project managers need to

manage and convince both of the groups How is a project formalized?

A project charter is developed to present the business needs and the outcome. It is just a document that is reviewed before (or for)

project authorization 10

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PROJECT CHARTER

Input to Developing the project Charter Contract Statement of Work Enterprise environmental factors Organizational process assets

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PROJECT CHARTER

Tools for Developing the project Charter Project Selection Methods Project Management Methodology Project management information systems Expert Judgment

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PROJECT CHARTER

Output of Developing the project Charter Project Justification Project description Project requirements Assumptions High level schedule and milestones

Budget Proposed project manager

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PROJECT SCOPE STATEMENT

Preliminary Project Scope Statement After a project charter is authorized A Preliminary Project Scope Statement

may need to be developed It may be discussed

with the project stakeholders to facilitate project success

Inputs to Developing Project Scope Statement Similar to the inputs

to Developing the project Charter

Tools and Techniques Project Management Methodology Project Management Information System 14

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PROJECT SCOPE STATEMENT

Preliminary Project Scope Statement lists Objectives The product Requirements of the product Project boundaries Initial work breakdown structure Schedule Team Risks Cost estimate

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