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Because learning changes everything.®
Chapter One
Modern Project
Management
© 2021 McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom.
No reproduction or further distribution permitted without the prior written consent of McGraw-Hill Education.
© McGraw-Hill Education
An Overview of Project Management 8th Ed
2
© McGraw-Hill Education
Learning Objectives
1-1 Understand why project management (PM) is crucial in
today’s world
1-2 Distinguish a project from routine operations
1-3 Identify the different stages of a project life cycle
1-4 Describe how Agile PM is different from traditional PM
1-5 Understand that managing projects involves balancing the
technical and sociocultural dimensions of the project
3
© McGraw-Hill Education
Chapter Outline
1.1 What Is a Project?
1.2 Current Drivers of Project Management
1.3 Agile Project Management
1.4 Project Management Today: A Socio-Technical Approach
4
© McGraw-Hill Education
Examples of Projects Given to Recent College Graduates
• Business information: install new data security system
• Physical education: develop a new fitness program for senior citizens
• Marketing: execute a sales program for a new home air purifier
• Industrial engineering: create a value chain report for every aspect of a key product
from design to customer delivery
• Chemistry: develop a quality control program for an organization’s drug production
facilities
• Management: implement a new store layout design
• Pre-med neurology student: join a project team linking mind mapping to an imbedded
prosthetic that will allow blind people to function normally
• Sport communication: create a promotion plan for a women’s basketball project
• Systems engineers: develop data mining software of medical papers and studies
related to drug efficacy
• Accounting: work on an audit of a major client
• Public health: design a medical marijuana educational program
• English: create a web-based user manual for a new electronics product
5
© McGraw-Hill Education
1.1 What Is a Project?
Project Defined (according to PMI)
• A temporary endeavor undertaken to create a unique product, service,
or result
Major Characteristics of a Project
• Has an established objective
• Has a defined life span with a beginning and an end
• Involves several departments and professionals
• Involves doing something never been done before
• Has specific time, cost, and performance requirements
6
© McGraw-Hill Education
Program versus Project
Program Defined
• A group of related projects designed to accomplish a common goal
over an extended period of time
Program Management Defined
• A process of managing a group of ongoing, interdependent, related
projects in a coordinated way to achieve strategic objectives
Examples:
• Project: completion of a required course in project management
• Program: completion of all courses required for a business major
7
© McGraw-Hill Education
Comparison of Routine Work with Projects
Routine, Repetitive Work
Taking class notes
Daily entering sales receipts into the
accounting ledger
Responding to a supply-chain
request
Practicing scales on the piano
Routine manufacture of an Apple
iPod
Attaching tags on a manufactured
product
Projects
Writing a term paper
Setting up a sales kiosk for a
professional accounting meeting
Developing a supply-chain
information system
Writing a new piano piece
Designing an iPod that is
approximately 2 X 4 inches,
interfaces with PC, and
stores 10,000 songs
Wire-tag projects for GE and
Wal-Mart
8
TABLE 1.1
© McGraw-Hill Education
Project Life Cycle
9
FIGURE 1.1
© McGraw-Hill Education
The Challenge of Project Management
The Project Manager
• Manages temporary, non-repetitive activities and frequently acts
independently of the formal organization.
• Marshals resources for the project.
• Is the direct link to the customer.
• Works with a diverse troupe of characters.
• Provides direction, coordination, and integration to the project team.
• Is responsible for performance and success of the project.
• Must induce the right people at the right time to address the right
issues and make the right decisions.
10
© McGraw-Hill Education
1.2 Current Drivers of Project Management
Factors leading to the increased use of project management:
• Compression of the product life cycle
• Knowledge explosion
• Triple bottom line (planet, people, profit)
• Increased customer focus
• Small projects represent big problems
11
© McGraw-Hill Education
1.3 Agile Project Management
Agile Project Management (Agile PM)
• Is a methodology emerged out of frustration with using traditional
project management processes to develop software.
• Is now being used across industries to manage projects with high
levels of uncertainty.
• Employs an incremental, iterative process sometimes referred to as a
‘rolling wave’ approach to complete projects.
• Focuses on active collaboration between the project and customer
representatives, breaking projects into small functional pieces, and
adapting to changing requirements.
• Is often used up front in the defining phase to establish specifications
and requirements, and then traditional methods are used to plan,
execute, and close the project.
• Works best in small teams of four to eight members.
12
© McGraw-Hill Education
Rolling Wave Development
13
FIGURE 1.3
• Iterations typically last from one to four weeks.
• The goal of each iteration is to make tangible progress such as define
a key requirement, solve a technical problem, or create desired
features to demonstrate to the customer.
• At the end of each iteration, progress is reviewed, adjustments are
made, and a different iterative cycle begins.
• Each new iteration subsumes the work of the previous iterations until
the project is completed and the customer is satisfied.
© McGraw-Hill Education
1.4 Project Management Today: A Socio-Technical Approach
The Technical Dimension (The “Science”)
• Consists of the formal, disciplined, purely logical parts of the process.
• Includes planning, scheduling, and controlling projects.
The Sociocultural Dimension (The “Art”)
• Involves the contradictory and paradoxical world of implementation.
• Centers on creating a temporary social system within a larger
organizational environment that combines the talents of a divergent
set of professionals working to complete the project.
14
© McGraw-Hill Education
A Socio-Technical Approach to Project Management
15
FIGURE 1.4
© McGraw-Hill Education
Text Overview
• Chapter 2 focuses on how organizations go about evaluating and
selecting projects.
• Chapter 3 discusses matrix management and other organization
forms and also discusses the significant role that culture of an
organization plays in the implementation of projects.
• Chapter 4 deals with defining the scope of the project and developing
a work breakdown structure (WBS).
• Chapter 5 explores the challenge of formulating cost and time
estimates.
• Chapter 6 focuses on utilizing the information from the WBS to create
a project plan in the form of a timed and sequenced network of
activities.
16
© McGraw-Hill Education
Text Overview (Continued)
• Chapter 7 examines how organizations and managers identify and
manage risks associated with project work.
• Chapter 8 explores resource allocation and how resource limitations
impact the project schedule.
• Chapter 9 examines strategies for reducing project time either prior to the
initiation of the project or in response to problems or new demands placed
on the project.
• Chapter 10 focuses on the role of the project manager as a leader and
stresses the importance of managing project stakeholders within the
organization.
• Chapter 11 focuses on the core project team and combines the latest
information on team dynamics with leadership skills/techniques of
developing a high-performance project team.
17
© McGraw-Hill Education
Text Overview (Continued)
• Chapter 12 discusses how to outsource project work and negotiates
with contractors, customers, and suppliers.
• Chapter 13 focuses on the kinds of information managers use to
monitor project progress and discusses the key concept of earned
value
• Chapter 14 covers closing out a project and the important assessment
of performance and lessons learned.
• Chapter 15 discusses agile project management, a much more
flexible approach to managing projects with high degree of uncertainty.
• Chapter 16 focuses on working on projects across cultures.
18
© McGraw-Hill Education
Key Terms
Agile project management (Agile PM)
Program
Project
Project life cycle
Project Management Professional (PMP)
19
Because learning changes everything.®
www.mheducation.com
© 2021 McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom.
No reproduction or further distribution permitted without the prior written consent of McGraw-Hill Education.

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Larson8e_CH01_PowerPoint.pptx

  • 1. Because learning changes everything.® Chapter One Modern Project Management © 2021 McGraw-Hill Education. All rights reserved. Authorized only for instructor use in the classroom. No reproduction or further distribution permitted without the prior written consent of McGraw-Hill Education.
  • 2. © McGraw-Hill Education An Overview of Project Management 8th Ed 2
  • 3. © McGraw-Hill Education Learning Objectives 1-1 Understand why project management (PM) is crucial in today’s world 1-2 Distinguish a project from routine operations 1-3 Identify the different stages of a project life cycle 1-4 Describe how Agile PM is different from traditional PM 1-5 Understand that managing projects involves balancing the technical and sociocultural dimensions of the project 3
  • 4. © McGraw-Hill Education Chapter Outline 1.1 What Is a Project? 1.2 Current Drivers of Project Management 1.3 Agile Project Management 1.4 Project Management Today: A Socio-Technical Approach 4
  • 5. © McGraw-Hill Education Examples of Projects Given to Recent College Graduates • Business information: install new data security system • Physical education: develop a new fitness program for senior citizens • Marketing: execute a sales program for a new home air purifier • Industrial engineering: create a value chain report for every aspect of a key product from design to customer delivery • Chemistry: develop a quality control program for an organization’s drug production facilities • Management: implement a new store layout design • Pre-med neurology student: join a project team linking mind mapping to an imbedded prosthetic that will allow blind people to function normally • Sport communication: create a promotion plan for a women’s basketball project • Systems engineers: develop data mining software of medical papers and studies related to drug efficacy • Accounting: work on an audit of a major client • Public health: design a medical marijuana educational program • English: create a web-based user manual for a new electronics product 5
  • 6. © McGraw-Hill Education 1.1 What Is a Project? Project Defined (according to PMI) • A temporary endeavor undertaken to create a unique product, service, or result Major Characteristics of a Project • Has an established objective • Has a defined life span with a beginning and an end • Involves several departments and professionals • Involves doing something never been done before • Has specific time, cost, and performance requirements 6
  • 7. © McGraw-Hill Education Program versus Project Program Defined • A group of related projects designed to accomplish a common goal over an extended period of time Program Management Defined • A process of managing a group of ongoing, interdependent, related projects in a coordinated way to achieve strategic objectives Examples: • Project: completion of a required course in project management • Program: completion of all courses required for a business major 7
  • 8. © McGraw-Hill Education Comparison of Routine Work with Projects Routine, Repetitive Work Taking class notes Daily entering sales receipts into the accounting ledger Responding to a supply-chain request Practicing scales on the piano Routine manufacture of an Apple iPod Attaching tags on a manufactured product Projects Writing a term paper Setting up a sales kiosk for a professional accounting meeting Developing a supply-chain information system Writing a new piano piece Designing an iPod that is approximately 2 X 4 inches, interfaces with PC, and stores 10,000 songs Wire-tag projects for GE and Wal-Mart 8 TABLE 1.1
  • 9. © McGraw-Hill Education Project Life Cycle 9 FIGURE 1.1
  • 10. © McGraw-Hill Education The Challenge of Project Management The Project Manager • Manages temporary, non-repetitive activities and frequently acts independently of the formal organization. • Marshals resources for the project. • Is the direct link to the customer. • Works with a diverse troupe of characters. • Provides direction, coordination, and integration to the project team. • Is responsible for performance and success of the project. • Must induce the right people at the right time to address the right issues and make the right decisions. 10
  • 11. © McGraw-Hill Education 1.2 Current Drivers of Project Management Factors leading to the increased use of project management: • Compression of the product life cycle • Knowledge explosion • Triple bottom line (planet, people, profit) • Increased customer focus • Small projects represent big problems 11
  • 12. © McGraw-Hill Education 1.3 Agile Project Management Agile Project Management (Agile PM) • Is a methodology emerged out of frustration with using traditional project management processes to develop software. • Is now being used across industries to manage projects with high levels of uncertainty. • Employs an incremental, iterative process sometimes referred to as a ‘rolling wave’ approach to complete projects. • Focuses on active collaboration between the project and customer representatives, breaking projects into small functional pieces, and adapting to changing requirements. • Is often used up front in the defining phase to establish specifications and requirements, and then traditional methods are used to plan, execute, and close the project. • Works best in small teams of four to eight members. 12
  • 13. © McGraw-Hill Education Rolling Wave Development 13 FIGURE 1.3 • Iterations typically last from one to four weeks. • The goal of each iteration is to make tangible progress such as define a key requirement, solve a technical problem, or create desired features to demonstrate to the customer. • At the end of each iteration, progress is reviewed, adjustments are made, and a different iterative cycle begins. • Each new iteration subsumes the work of the previous iterations until the project is completed and the customer is satisfied.
  • 14. © McGraw-Hill Education 1.4 Project Management Today: A Socio-Technical Approach The Technical Dimension (The “Science”) • Consists of the formal, disciplined, purely logical parts of the process. • Includes planning, scheduling, and controlling projects. The Sociocultural Dimension (The “Art”) • Involves the contradictory and paradoxical world of implementation. • Centers on creating a temporary social system within a larger organizational environment that combines the talents of a divergent set of professionals working to complete the project. 14
  • 15. © McGraw-Hill Education A Socio-Technical Approach to Project Management 15 FIGURE 1.4
  • 16. © McGraw-Hill Education Text Overview • Chapter 2 focuses on how organizations go about evaluating and selecting projects. • Chapter 3 discusses matrix management and other organization forms and also discusses the significant role that culture of an organization plays in the implementation of projects. • Chapter 4 deals with defining the scope of the project and developing a work breakdown structure (WBS). • Chapter 5 explores the challenge of formulating cost and time estimates. • Chapter 6 focuses on utilizing the information from the WBS to create a project plan in the form of a timed and sequenced network of activities. 16
  • 17. © McGraw-Hill Education Text Overview (Continued) • Chapter 7 examines how organizations and managers identify and manage risks associated with project work. • Chapter 8 explores resource allocation and how resource limitations impact the project schedule. • Chapter 9 examines strategies for reducing project time either prior to the initiation of the project or in response to problems or new demands placed on the project. • Chapter 10 focuses on the role of the project manager as a leader and stresses the importance of managing project stakeholders within the organization. • Chapter 11 focuses on the core project team and combines the latest information on team dynamics with leadership skills/techniques of developing a high-performance project team. 17
  • 18. © McGraw-Hill Education Text Overview (Continued) • Chapter 12 discusses how to outsource project work and negotiates with contractors, customers, and suppliers. • Chapter 13 focuses on the kinds of information managers use to monitor project progress and discusses the key concept of earned value • Chapter 14 covers closing out a project and the important assessment of performance and lessons learned. • Chapter 15 discusses agile project management, a much more flexible approach to managing projects with high degree of uncertainty. • Chapter 16 focuses on working on projects across cultures. 18
  • 19. © McGraw-Hill Education Key Terms Agile project management (Agile PM) Program Project Project life cycle Project Management Professional (PMP) 19
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