Professional Documents
Culture Documents
17.05.2017
Project Management Framework
Project
Is a temporary endeavor with a beginning and with an end
Creates a unique product, service or result
Operations vs Projects
Operational work is ongoing work to support business
Project work finishes when the project is closed
Project Management
Process groups
Initiating, Planning, Executing, Monitoring and controlling, Closing
Knowledge areas
Time, cost, quality, communication, stakeholders management, human resources, procurement,
scope, risk, integration
PMI terms and definitions
Program
Is a group of related projects
Program
Portfolio Management
A portfolio includes a group of programs, individual projects and other related
operational work that are prioritized and implemented to achieve a specific
strategic business goal
Portfolio
Other
related work Program Project
Other
related work Project Project
PMI terms and definitions
Portfolio management
Selects and prioritize projects
Program management
Coordinates the management of related projects
Project management
Manages efforts to develop specific scope
PMI terms and definitions
OPM3
Is designed to help organizations determine their level of maturity in the project
management
Project Management Office (PMO)
Centralizes and standardizes the management of the projects.
It can take one of the forms:
Supportive: provides the policies, methodologies and lessons learned for managing
projects within the organization (low level of control)
Controlling: provides support and guidance in the organization on how to manage projects
(moderate level of control)
Directive: provides project managers for different projects and is responsible for the
results of the projects (high level of control)
PMI terms and definitions
Constraints
Time, cost, scope, quality, customer satisfaction, risk, resources and any other
factors that limit the options
Management sets the priority of each constraint. This prioritization must be used
to properly plan the project
Organizational structure
Functional (silo)
These organizations are grouped by areas of specialization within different functional
areas (accounting, marketing and manufacturing)
Project occur within a single department
Team members complete project work in addition to the normal department work
PMI terms and definitions
Balanced matrix: the power is shared between the project manager and the functional
manager
Influences the PMs authority level, resources and team members available for the
project
PMI terms and definitions
Enterprise and Environmental Factors
Company culture and existing systems (ex. Organizational structure, hierarchy..)
T&T company baggage and it is outside the control of the project team
Inputs initiating and planning
Project Management Information System (PMIS)
Includes automated tools (scheduling software, configuration management system, shared
workspaces for file storage, time-tracking software)
Historical information
is a record of past projects
In includes: activities, lessons learned, WBS, benchmarks, reports, risk and risk response plan, estimates,
resources used, project management plans, correspondence
Lessons learned
Is an essential asset to managing a project
Includes what was done right, what was done wrong and what would be differently if the
project would be redone
Is an input and an output of projects
They are finalized during closing
Should cover 3 areas:
Technical aspect of the project: work to produce the product
Project management: WBS creation, risk planning..
Management: communication and leadership
PMI terms and definitions
Work performance data, information and reports
Work performance data
Initial measurements and details about the activities during project work (executing)
ex: in construction- life cycle phases: feasibility, planning, design, production, turnover, startup
PMI terms and definitions
Incremental and iterative life cycles involve high level scope sufficient to estimate time
and costs; scope is developed more with each iteration
Incremental- delivers a complete portion of the product for each iteration
Ex: website, you create a function for each different requirement a deliverable portion
Iterative - the complete concept is built in successive levels of detail to create the end result
Ex: create a prototype of the website and each successive iteration adds more detail to the
entire the site is complete
Adaptive life cycle involves fixed time and cost; the scope is mainly defined, but it will
be refined as the project progresses
Ex: a new software development project high level feasibility, design and planning effort,
followed by short, iterative periods of detailed design, testing and release
PMI terms and definitions
Large projects: often require each of the life cycle phases to be managed through the project
management process groups