PM 698 for China, 36-70.pptVIP

Why do we “do” projects? Projects are selected to create value for the company Provide a return on the company’s investment (ROI) ROI = Revenue - Costs Investment PM 698 Overview What is a Project? What is Project Management? Project Management Framework Nine Elements of Project Management Eight Icons of Project Management Project Management Nine Knowledge Areas Project Integration Management The processes required to ensure the various elements of the project are properly coordinated Project Plan Development Project Plan Execution Overall Change Control Integration Management Project ManagementIntegration Project Management Nine Knowledge Areas Project Scope Management Defining and controlling what is or is not included in the project. Initiation Scope Planning Scope Definition Scope Verification Scope Change Control Project Scope Management Keys to Successful Project Management 8 Icons of Project Management Lean Manufacturing Project Charter Example Project Management Nine Knowledge Areas 8 Icons of Project Management Work Breakdown Structure (WBS) A deliverables oriented grouping of project elements that organize and define the total scope of the project A “tree” showing the hierarchy of the work that needs to be performed to complete a project WBS Development Identify the major deliverables Break these categories down into increasingly detailed tasks Divide the work into discrete elements which can be successfully controlled WBS Example Let’s do a WBS Deliverables (nouns) Tasks (verbs) Project Templates Project templates are developed to assist in determining WBS and checklist activities Phase Activities Phase and Gate Deliverables Gate Review Levels and Gate Decision Criteria Tied to Project Management Work Instruction Project Checklist A planning and control tool Breaks the project down into planning and execution elements Helps the planning process Provides accountability for progress Developed from Charter, WBS, and Templates