Practical Project Management Lecture Notes

May 17, 2024

Practical Project Management Lecture Notes

Introduction

  • Understanding project management as a system.
  • Practical approach used in real-world situations.
  • Key focus: mindset towards project management.

What is a Project?

  • Definition: A time-limited endeavor to create a unique product, service, or result.
  • Goal: To achieve a specific business goal, not just random results.
  • Key Points:
    • Projects have a start and end date.
    • Project management involves the application of skills, knowledge, and tools.

Project Life Cycle

  • Broken down into phases for manageability.
  • Phases can be different in nature (e.g., pre-sales, initiation, development, etc.).
  • Use of different processes, tools, and approaches in each phase.
  • Example Phases:
    • Pre-sales, Project Initiation, Concept Development, Prototyping, Planning
    • Requirements Definition, UI Design, Development, Integration, Testing
    • Deployment, Hypercare, Maintenance, Handoff/Closure

Industry-Specific Life Cycles

  • Focus on typical project life cycles relevant to your industry.
  • Organizational environment influences project management approaches.

Custom Processes and Policies

  • No standard project management; it varies by organization.
  • Certifications might not make you a better project manager.

Project Stakeholders

  • Definition: Individual or organization affected by the project.
  • Importance of stakeholder identification and interaction.
  • Use of stakeholder register to capture information.

Gathering Requirements

  • Stakeholders provide product and project management requirements.
  • Project manager responsible for collecting all requirements.

Project Charter

  • Transition from sales to project management.
  • Includes high-level information before planning.

Planning

  • High-level requirements broken down into smaller tasks.
  • Emphasis on creating tangible deliverables.
  • Documents:
    • Project Scope Statement
    • Work Breakdown Structure (WBS)
    • Requirements Traceability Matrix
  • Planning includes resources, schedules, budgets, and risk management.

Risk Management

  • Continuous process throughout the project.
  • Create risk response plans and integrate them into the project scope, schedule, and budget.

Execution

  • Daily routines for maintaining project information.
  • Sync-up meetings with the team and stakeholders.
  • Regular motivation and communication routines.
  • Use of project management software (e.g., Gantt charts) for tracking tasks.
  • Importance of baselines for tracking progress.

Course Offer

  • Online course offering detailed project management training and resources.
  • Lifetime access for continuous learning and career advancement.
  • Affordable pricing for practical, real-world project management skills.