1. Project Management: A Managerial Approach 5 th Ed. PowerPoint Presentation for: J.R. Meredith and S.J. Mantel, Jr. © 2003 John Wiley & Sons, Inc. All Rights Reserved

2. Ch.1: Projects in Contemporary Organizations What is a “project” Why project management? The project life cycle (PLC) Structure of rest of text

3. Ch. 1.0 Introduction: Project Management Drivers Expansion of knowledge Demand for new products Worldwide markets Competition Belief “better living though technology” Expanding size of projects

4. Ch.1.0 Introduction: Three Project Objectives Performance Cost Time

5. Ch 1.0: Introduction: The “professional” PM PMI Membership 1990: 7,500 members 2001: 86,000 members

6. Ch 1.0: Introduction: Recent Managing Changes Less hierarchical Systems approach Project oriented

7. Ch 1.1 Project Definition Definition used by PMI: A temporary endeavor undertaken to create a unique product or service

8. Ch 1.1 Terminology Program (group of projects) Project Task (subset of work elements) Work package (sub element of task) Work unit

9. Ch 1.1 Project Attributes Purpose Life cycle Interdependencies Uniqueness Conflict

10. Ch 1.2: Why Project Management? Plus Minus Responsive to client and environment Fast problem resolution Quick decision making No sub optimization Organizational complexity Policy violations Lower personnel utilization

11. Ch 1.3 Project Life Cycle: (% Completion) Vs. (Time) Slow start Quick momentum Slow finish

12. Ch 1.3: Project Life Cycle: Time Distribution of Project Effort Conception Selection Planning, scheduling, monitoring, control Evolution and termination

13. Ch 1.3: Project Life Cycle: Increasing Marginal Returns Return as applied to late stages in PLC Compare to “standard” PLC showing DECREASING marginal return in late stages of PLC

14. Ch 1.3: Project Life Cycle: Reduce Uncertainty of Cost Estimate Figure 1.6

15. Ch 1.4: Structure of Text I: InitiationII: ImplementationIII: Termination Strategic MgmtBudgetingEvolution Project Manager SchedulingForm / Style OrganizationResource Allocation PlanningMonitoring NegotiatingControl Processes