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Business Project Management!

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Session 1!
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Modern Project Management: !
Overview and Importance"
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San Diego, CA!
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AGENDA!

Introduction and Course Overview!


Trends and Challenges in Project Management!
Project Life Cycle and Characteristics!
Integrated Management and Project Dimensions!
Project Management Tools in a Consulting Setting!

The grading has three components!


Grading

Participation in Class

Group Presentations

Final Assignment

reading and homework discussion


case analysis and discussion
classroom exercises
Professionalism
Research Pool Participation

30%

Scope the project


Develop a project plan
Estimate and allocate appropriate
resources
Cover major risks of the project
Implementation plans

40%

Content
Application of business project
management tools
Problem Analysis
Professionalism

30%

AGENDA!

Introduction and Course Overview!


Trends and Challenges in Project Management!
Project Life Cycle and Characteristics!
Integrated Management and Project Dimensions!
Project Management Tools in a Consulting Setting!

Current Drivers of Project Management!


Key Current Drivers
Compression of
Life Cycles

Knowledge
Explosion

Triple Bottom Line

Shorter Product Life


Cycles (6 months-3
years)

Increase in Complexity
(codes, specifications,
specialists)

Planet, People, Profit

Project Speed is a
Competitive Advantage

Integration Need,
knowledge integration

Soft Skills around


Communication, Sales

Corporate
Downsizing

Customer Focus

Smaller projects

Organizational
Restructurings

Increase in Customer
Focus (requirements,
pricing)

Sharing resources
across portfolio of
projects

Flatter Organizations

Mass Customization
e.g., Nike.

Organizational
Environment for multiproject management

Sources: adapted from Larson, E.W. and Gray, C.F. (2015). Project Management: The Managerial Process. McGraw Hill. 6th Edition.

Project Challenges can then be analyzed according to different


types!
Group 1: Plane Development
Boeing 787
Problem Types:

Examples

Level of Importance

Resource Constraints

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Supplier Communication
and Integration

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Planning and Scoping


Problems

Resulting Problems:
Time Delays, Financials,
Customer Satisfaction,
Other
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AGENDA!

Introduction and Course Overview!


Challenges and Trends in Project Management!
Project Life Cycle and Characteristics!
Integrated Management and Project Dimensions!
Project Management Tools in a Consulting Setting!

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Project Definition and Characteristics!


Definition Project
-A project is a temporary endeavor undertaken to create a unique product, service, or result.*
Project Characteristics

Examples
-Releasing software package

Established Objective

Defined Life Span

-Telecommunications network roll-out

Several Departments and


Professionals

-Cross functional teams in innovation projects

Unique (typically
never done before)

-Mars Rover, New Office Building (Degree of


uniqueness)

Specific Time, Cost, and


Performance Requirements

-Triple Constraints (accomplishment, cost, time) are


often evaluated on Construction Projects

Sources: Larson, E.W. and Gray, C.F. (2015). Project Management: The Managerial Process. McGraw Hill. 6th Edition. *p.6 (Project Management Institute)
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Project Life Cycle!


Project Life Cycle
EXECUTING

Effort

PLANNING
DEFINING

CLOSING

Time

DEFINING
Goals
Specifications
Tasks
Responsibilities

PLANNING
Schedules
Budgets
Resources
Risks
Staffing

EXECUTING
Status Reports
Changes
Quality
Forecasts

CLOSING
Train customer
Transfer documents
Release resources
Evaluations
Learnings

Sources: Larson, E.W. and Gray, C.F. (2015). Project Management: The Managerial Process. McGraw Hill. 6th Edition.

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AGENDA!

Introduction and Course Overview!


Challenges and Trends in Project Management!
Project Life Cycle and Characteristics!
Integrated Management and Project Dimensions!
Project Management Tools in a Consulting Setting!

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Integrated Management of Projects!


Integrated Management

Strategic
Alignment

Portfolio
Management

Project
Management

Projects are
implementation tools for
strategic management
Strategic planning
interacts with project
management
Management of project
portfolio critical to
achieve customer
satisfaction and a high
degree of resource
utilization
Project Management is
used as modus operandi
for implementing strategy
Apple, Google, and GE
have 1000 projects
concurrently being
progressing daily

Organizational Culture

Sources: Larson, E.W. and Gray, C.F. (2015). Project Management: The Managerial Process. McGraw Hill. 6th Edition.

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AGENDA!

Introduction and Course Overview!


Challenges and Trends in Project Management!
Project Life Cycle and Characteristics!
Integrated Management and Project Dimensions!
Project Management Tools in a Consulting Setting!

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MECE (Mutually Exclusive and Collectively Exhaustive)


Illustrative

MECE Development

ME

CE

Mutually Exclusive

Collectively Exhaustive

Structuring Toolkit
-Structuring
-Mapping

Sources: Adapted from Rasiel, E. The McKinsey Way, 1999, McGraw Hill.

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