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Definition of a Project
A project is a temporary endeavor undertaken to create a unique
Technological advance
Market Demand
Customer request
Differences
Examples of Projects
Developing a new product, service, or result
Effecting a change in the structure, processes, staffing,
or style of an organization
Developing or acquiring a new or modified
information system
Conducting a research effort whose outcome will be
aptly recorded
Constructing a building, industrial plant, or
infrastructure
Implementing, improving, or enhancing existing
business processes and procedures
Project Constraints
Are limiting factors that set up boundaries for a project
Project Stakeholders
A project stakeholders is anyone who can be positively
Project Management
Project management is the application of knowledge, skills, tools, and
Project Management
Managing a project typically includes:
Identifying requirements
Addressing the various needs, concerns, and
expectations of the stakeholders
Setting up, maintaining, and carrying out
communications among stakeholders
Managing stakeholders towards meeting project
requirements and creating project deliverables
Balancing the competing project constraints
The 47 PM processes
objectives
Becomes the link between business strategy and the project team
Effective Project Management requires that the Project Manager
possesses the following competencies:
Knowledge: What the project manager knows about project
management
Performance: What the project manager is able to accomplish while
applying project management knowledge
Personal: Refers to how the project manager behaves when
performing the project or related activity
Program Management
A Program is defined as a group of related projects,
Portfolio Management
A Portfolio refers to projects, programs, and operations