PROJ6000 Principles of Project Management: Processes, Methodologies

This presentation provides an overview of project management, focusing on key processes, methodologies, and knowledge areas crucial for project success. It highlights the importance of strategic planning, decision-making, and adherence to deadlines and budgets. Various methodologies such as Waterfall and Agile are discussed, emphasizing the impact of methodology selection on project outcomes. The role of a project manager in risk mitigation and project oversight is also examined. The presentation concludes that effective project management depends on the chosen methodology and the project manager's skills. Desklib is a great resource for students looking for similar solved assignments.

MANAGEMENT:
PROCESSES,
METHODOLOGIES AND
KNOWLEDGE AREAS
NAME OF THE STUDENT:
NAME OF THE UNIVERSITY:

INTRODUCTION TO PROJECT
MANAGEMENT
• PROJECT MANAGEMENT IS THE FIELD THAT INCLUDES THE PRACTICE OF
INITIATING, PLANNING, EXECUTION AND REVIEW OF A SET OF EVENTS THAT
BUILD UP TO FORM A PROJECT WITH A SPECIFIC END GOAL.
• THE SUCCESS OR FAILURE OF A PROJECT IS MOSTLY DUE TO THE SUCCESS OR
FAILURE OF THE PROJECT MANAGEMENT PROCESS THAT HAS BEEN DEPLOYED
IN THE PARTICULAR PROJECT.

CONCEPT OF PROJECT
MANAGEMENT
• THE OVERALL PROJECT MANAGEMENT PROCESS INVOLVES DEVELOPMENT OF
PROPER STRATEGIES THAT ARE FOCUSSED ON EXECUTING THE OVERALL
PROJECT IN A SPECIFIC MANNER.
• PROJECT MANAGEMENT ALSO REQUIRES FULFILMENT OF ALL THE
PREDETERMINED PROJECT GOALS IN ORDER TO ENSURE THE SUCCESS OF
THE PROJECT.

EFFECTIVE PROJECT
MANAGEMENT PROCESSES
• AN EFFECTIVE PROJECT MANAGEMENT PROCESS REQUIRES PROPER DECISION
MAKING AND STRATEGIC IMPLEMENTATION OF SUITABLE ACTIVITIES AND
ALSO MAINTAINING DEADLINES AND BUDGET.
• GENERALLY, IN A PROJECT MANAGEMENT PROCESS, THE ENTIRE PROJECT IS
BROKEN DOWN INTO SEVERAL PHASES THAT ARE IN TURN BROKEN DOWN
INTO ACTIVITIES THAT CAN BE EVEN FURTHER BROKEN DOWN INTO
DELIVERABLES AND SUB-DELIVERABLES.

EFFECTIVE PROJECT MANAGEMENT
PROCESSES (CONTD.)
• ONCE THE PROJECT IS BROKEN DOWN, SPECIFIC DURATIONS ARE ALLOTTED
TO THE ACTIVITIES AND IT IS TO BE ENSURED THAT THE ACTIVITIES MUST BE
COMPLETED WITHIN THE GIVEN TIME PERIOD.
• MISSING DEADLINES WILL DELAY THE PROJECT THAT WILL IN TURN RESULT IN
BUDGET OVERSHOOT AND FINANCIAL LOSSES FOR THE ORGANISATION.

PROJECT MANAGEMENT
METHODOLOGIES
• THERE ARE A NUMBER OF VARIOUS METHODOLOGIES THAT ARE BEING
APPLIED IN VARIOUS PROJECTS.
• THE SELECTION OF METHODOLOGY DEPENDS SIGNIFICANTLY ON THE TYPE
AND NATURE OF THE PROJECT.
• SOME OF THE COMMON PROJECT MANAGEMENT METHODOLOGIES INCLUDE
WATERFALL, AGILE, SCRUM AND OTHERS.

PROJECT MANAGEMENT
METHODOLOGIES (CONTD.)
• THE SELECTION OF APPROPRIATE METHODOLOGY FOR A PROJECT PLAYS A
MAJOR ROLE IN DETERMINING THE SUCCESS OF A PROJECT.
• AGILE METHODOLOGY IS SUITABLE FOR PROJECTS THAT NEED TO BE
CONDUCTED IN SPRINTS WHEREAS WATERFALL METHODOLOGY IS SUITABLE
FOR PROJECTS ARE TO BE EXECUTED STEP BY STEP IN PHASES.

IMPACT OF METHODOLOGIES ON PROJECT
SUCCESS
• SELECTING A WRONG METHODOLOGY CAN RESULT IN DISASTROUS IMPACT
FOR THE PROJECT.
• ON THE OTHER HAND, IF THE RIGHT METHODOLOGY IS SELECTED, THE
PROJECT HAS A HIGH CHANCE OF SUCCESS.

ROLE OF A PROJECT
MANAGER / LEADER
• THE SUCCESS OF A PROJECT DEPENDS LARGELY ON THE SKILL OF THE
PROJECT MANAGER OR LEADER.
• A SUITABLE PROJECT MANAGER SHOULD BE ABLE TO HANDLE, MANAGE AND
CONTROL THE PROJECT THROUGHOUT ITS COURSE.

ROLE OF A PROJECT
MANAGER / LEADER
• THE PROJECT MANAGER SHOULD BE ABLE TO IDENTIFY THE CORRECT
METHODOLOGY FOR A PROJECT AND ALSO SHOULD BE ABLE TO PLAN FOR
THE PROJECT ACCORDINGLY.
• THE PROJECT MANAGER NEEDS TO IDENTIFY THE RISKS AND ALSO SHOULD
HAVE THE SKILLS TO MITIGATE THE RISKS.

CONCLUSION
• IT CAN BE CONCLUDED THAT PROJECT MANAGEMENT IS A COMPLEX PROCESS
THAT DEALS WITH VARIOUS ASPECTS OF A PROJECT.
• THE SUCCESS OF THE PROJECT DEPENDS ON THE METHODOLOGY SELECTED
AND ALSO THE SKILLS OF THE PROJECT MANAGER IN STRATEGICALLY
MANAGING A PROJECT.

REFERENCES
• CHAVEZ, R. (2018, JUNE). IMPLEMENTING PROJECT MANAGEMENT
METHODOLOGIES IN SOCIAL ENTREPRENEURSHIP INITIATIVES IN DEVELOPING
NATIONS: METHODOLOGY FOR TRAINING SE PROJECT MANAGERS AND TWO
CASE STUDIES. IN GLOBAL CONFERENCE ON BUSINESS AND ECONOMICS
(GLOBE 2018).
• KERZNER, H. (2017). PROJECT MANAGEMENT: A SYSTEMS APPROACH TO
PLANNING, SCHEDULING, AND CONTROLLING. JOHN WILEY & SONS.