Presentation on theme: "Project Management in Practice"— Presentation transcript:
1 Project Management in Practice OPMA 5364Project ManagementIntroductionDavid Weltman, PhD
2 Outline: Responsibilities / Requirements /Grading Group Projects Part 1: The World of Project ManagementPart 2: The Manager, Organization, & TeamPart 3: Planning the ProjectPart 4: Budgeting the ProjectPart 5: Scheduling the ProjectPart 6: Allocating Resources to the ProjectPart 7: Monitoring & Controlling the ProjectPart 8: Evaluating & Terminating the ProjectCasesGuest Speakers
4 Group Project More information about the project is on the syllabus. Your group project for the course will be to develop a plan for starting a new small or mid-sized business of your choice. The purpose of the group project is to give you the opportunity to plan all aspects of a new project, and to organize and coordinate all the necessary activities within your group to accomplish this group project (e.g., which tasks are needed, how to divide up the tasks, who in your group will do each task, etc.). Your group must decide what type of business to start, develop performance objectives/goals, determine personnel needs, determine resource requirements, develop budgets (for startup activities and for annual ongoing operations), develop an implementation schedule, develop annual revenue and profit projections for 5 years, and conduct a risk analysis.More information about the project is on the syllabus.
5 ScheduleThe revised schedule will be updated on the class website.
6 Part 1: The World of Project Management Introduction to project managementProject goals, objectives, tradeoffsProject life cyclesHow are projects selectedSelection exercise / case
7 Part 1: The World of Project Management Sunday 8/29/2010
8 Part 2: The Manager, the Organization, and the Team Selecting the project managerRoles of a project managerProject management as a professionProject Management Institute (PMI)Projects and the parent organizationThe project teamTips for managing meetings
9 Part 3: Planning the Project Contents of a project planProject launch meetingThe planning processProject action planWork breakdown structure (WBS)ProjectConceptionProgramLaunchMeetingActionPlanProjectMasterSchedule
10 Part 4: Budgeting the Project Budgeting methodsEstimating costsBudget uncertainty and risk managementCB Homework / exercises
11 Part 5: Scheduling the Project Project network diagramsIdentifying critical paths and activitiesDetermining activity slack timesGantt chartsWorking with Microsoft ProjectUncertainty and risk managementSimulation approach to managing risk
12 Part 6: Allocating Resources to the Project Expediting a projectResource loadingResource levelingAllocating scarce resources to projectsGoldratt’s critical chain
13 Part 7: Monitoring and Controlling the Project Data collection and reportingEarned value analysisProject controlScope creep and change control
14 Part 8: Evaluating and Terminating the Project Project auditsProject final reportTermination activities
15 Introductions Name Company Position Experience with projects Are you currently working on a project?
16 Course Learning Objectives Gain an appreciation of the multiple goals and complexities of projectsGain a better understanding of the roles, responsibilities, challenges, and rewards for project managersLearn how to better manage project teams and participantsLearn how to better manage project conflictsGain an understanding of the tools and approaches to better manage project schedules, budgets, and risksGain an understanding of the tools and approaches to better control project performanceEvaluate and select the most desirable projects.Identify desirable characteristics of effective project managers.Apply appropriate approaches to plan a new project.Apply appropriate methodologies to develop a project schedule.Develop a suitable budget for a new project.Identify important risks facing a new project.Apply appropriate techniques to assess ongoing project performance.