p roject m anagement, pmi a pproach (pmp) p roject i nitiation p hase sayed ahmed bsc. eng. in csc....
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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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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
solution 6
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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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