“ A Project is a temporary endeavor undertaken to create a unique product, service or result”
What is Project Management?
Project Management is the application of knowledge,skills,tools and techniques applied to project activities to meet the project requirements
Program Management
Portfolio Management
Organizational Project Management(OPM)
Relationship Among Portfolio, Program and Project Management
Portfolio Management – A suite of business programmes managed to optimize overall enterprise value
Program Management – A set of related projects designed to produce clearly identified business value.
Project Management – A structural set of activities concerned with developing a defined capability based on an agreed schedule and budget
Projects and Strategic Planning
Projects are typically authorized based on one or more strategic consideration
Types of Project Management Office(PMO).
Supportive
1. Consultative role
2. Supplies Templates, best practices, Training,access to information and lessons learned from other projects
3. Degree of Control is low
Controlling
1. Provides support
2. Conformance to governance
3. Degree of control is moderate
Directive
1. PMO Directly manages the projects
2. Degree of Control is high
Relationships Between Project, Operations Management and Organizational Strategy
Operations Management - Concerned with ongoing production of good and/or services.
Projects can intersect with operations at various points during the product life cycle, such as:
Project Management Responsibilities & Competencies
Project Manager accomplish work through the project team and key stakeholders.
Successful Project Managers balance knowledge, experience, ethics and a number of interpersonal skills.
Project Management Body of Knowledge(PMBOK)