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What is a Project?

According to theProject Management


Institute (PMI), a project is any work that
happens only once, has a clear beginning
and end, and is intended to create a
unique product or knowledge. It may
involve only one person, or thousands. It
may last several days, or many years. It
may be undertaken by a single
organization, or by an alliance of several
stakeholders. A project may be as simple
as organizing a one-day event or as
complex as constructing a dam on a river.

What is project Management ?


Project management is a methodical
approach to planning and guiding project
processes from start to finish.
The processes are guided through five
stages: 1)initiation
2) planning
3)executing
4) controlling
5) closing.

Under project initiation comes


Project

contracting

Project

principles

Legal

aspects

What is project contract ?

It is an agreement between two parties.

One party is the client and other party is the


one provides services or product.

Contract gives complete detail of the project


on paper.

Types of Projects

Lump Sum or Fixed Price

Maximum Guaranteed Price

Cost Plus

Price Per Unit

Project Management
principles
1)Figure out what business you are in, and
then mind your own business.
2) Understand the customers requirements
and put them under version control.
3) Prepare a reasonable plan.
4) Build a good team with clear ownership.

5) Track project status and give it wide


visibility.

6) Use Baseline Controls.

7) Write Important Stuff Down, Share it, and


Save it.

8) If it hasn't been tested, it doesn't work.

9) Ensure Customer Satisfaction.

10) Be relentlessly pro-active.

Legal aspects

The most important thing.

It varies from country to country.

Differs from project to project.

Project overview
Inspiration
Operation

A miracle occurs

Some consider planning to be


miraculous

Why do planning?

Time constraints
Budget constraints
Personnel constraints
Physical Constraints
Flight Constraints
Any and all of above

Purpose of Project
Management
Ensure meeting the project objectives

within the allocated schedule & budget

Communication
Meetings
Reviews
Authorization
Record Keeping
Monitoring (testing)
Interface Control

Not for assigning blame (usually)

Principles of project
management

PM is the process of managing, allocating, and


timing available resources to achieve the desired
goal of a project in an efficient and expedient
manner.
PM is the planning, scheduling and controlling of
project activities to meet project objectives.
PM is widely recognized as a practical way of
ensuring that projects meet objectives and
products are delivered on time, within budget and
to correct quality specification, while at the same
time controlling or maintaining the scope of the
project at the correct level.

Project management is about influencing


tomorrow. Today has already happened
and yesterday is gone. (PROACTIVE)
Decisions affecting tomorrow can only be
made on information available today.
Project management is about managing a
set of relationships over time and about
understanding people.

The Project Life Cycle

Phases that all projects go through from


inception to completion

DESIGN
DEVELOPMENT
FABRICATION

INTEGRATION

OPERATION
TESTING

The Design Phase

Paper study of all issues including the


following:

Define Objectives
Understand Constraints
Identify all subsystems & interfaces
Design hardware
Identify parts, costs & availability
Determine personnel needs
Establish schedule
Develop plan to achieve objectives

The Development Phase

Detailed in-depth study including

Test hardware concepts by prototyping


Finalize designs
Purchase long lead items
Establish interface controls
Complete fabrication plan
Finish integration & test plans
Complete operations & data analysis plans

Payload Construction
Phases
Parts procurement
Fabrication

Construct subsystems, test, fix, retest

Integration
Assemble subsystems, test, fix, retest

Testing
Payload qualification testing, fix, retest

Operations & Analysis


Interface with launch team
Prepare payload for launch
Monitor during flight
Collect & analyze data

RISK AND UNCERTAINTY IN


PROJECT MANAGEMENT
That is, the probability that the expected result
will not be achieved.
From conception or identification to
implementation, risks issues arise and do affect
the project in a number of ways.
risks may be due to environmental or managerial
factors

Types of Risk
Completion Risks
Permitting Risks
Price Risks
Resource Risks
Operating Risks
Casualty Risks
Technology Risks

Risk Management Plan


Risk Identification
Risks Quantification
Risk Response
Risk Monitoring and Control

Risk Identification

Risk identification determines what might


happen that could affect the objectives of the
project, and how those things might happen.

identification process must be comprehensive

Risk Quantification

Risk need to be quantified in two


dimensions

Risk Response

Strategies
Avoid the risk.
Do something to remove it.
Use another supplier for example.

Transfer the risk.


Make someone else responsible.
Perhaps a supplier can be made responsible for a
particularly risky part of the project.

Mitigate the risk.


Take actions to lessen the impact or chance of the
risk occurring.
If the risk relates to availability of resources, draw up
an agreement and get sign-off for the resource to be
available.

Accept the risk.


The risk might be so small the effort to do anything
is not worth while.

A risk response plan


Strategy
action items to address the strategy.
what needs to be done,
who is doing it,
when it should be completed.

Risk Control
continually monitor risks to identify any
change in the status, or if they turn into an
issue.
best to hold regular risk reviews to :

identify actions outstanding,


identify risk probability and impact,
remove risks that have passed,
new risks.