Introduction to Project

management

Syed M Waqar Azeem

Dept. of Management Sciences
Lahore Garrison University
About the Course
• lectures
• Assignments
• Quiz
• Support videos
• Visit to project site
• Final Presentation and Feasibility Report
• PLEASE KEEP IT
INTERACTIVE
About your Instructor

• Contact me at : waqar.azeem@live.com
• smwaqar@lgu.edu.pk
• Linked in profile:
https://pk.linkedin.com/in/waqarazeemedutainme
ntprojects
Do’s and Don’ts
What is a “Project”?
• a piece of planned work or an activity that
is finished over a period of time and intended
to achieve a particular purpose.
By Cambridge Dictionary
• Planned set of interrelated tasks to be executed
over a fixed period and within certain cost and
other limitations.
By Business Dictionary
• a planned piece of work that has a specific
purpose (such as to find information or to make
something new) and that usually requires a lot of
time.
By Merriam – Webster
• An individual or collaborative enterprise that is
carefully planned to achieve a particular aim
By Oxford Dictionary
What is a Project?
• It's a temporary endeavor undertaken to create a
unique product, service or result.
By Project Management Institute
“temporary” ???
• Definite Start
• Definite End
• Duration is fixed

TIME
“endeavor” ???
• “to seriously or continually try to do”
• Work
• Attempt

•SKILLS
“endeavor”???
• HUMAN
• MONEY / FINANCE
• PURCHASES
• COMMUNICATION
“unique product, services or result”???

• Features

• Minimum requirement

• Beneficiaries
Unique?
• One time and non routine.
• Something that has never been done earlier.
• Project that involve established set of routines
and procedures has some degree of
customization.
• Even if project is not unique, the stakeholders or
beneficiaries will be different.
Individual Assignment
• Cut cuttings of newspapers about any news on
any 5 project by Govt. of Punjab.
• One news cutting for each project.
• Discussion on news cuttings about projects in
class.
Project Scope Triangle
Operations Management
• Organizational function performing the ongoing
execution of activities that produces same
product or services.
 Project Operation
Duration Fixed Not Fixed
Skills Wide variety of skills Limited and relevant skills

Nature Unique Repetitive

Purpose Specific Sustainability
Revenue Not income generation Income Generation
Use of Resources For short term For continuous use
Conclusion Achievement of objectives New set of objectives and
work continues
• 5 process groups / phases

• 42 project management processes

• 10 knowledge areas
“Project Management”
• “application of knowledge, skills, tools and
techniques to project activities to meet the
project requirement.”
By Project Management Institute
Program management
• related projects, work

• Coordinately managed

• Program – projects i.e. one to many relationship

• Ex. Ilm Ideas Program by UK Aid

Portfolio Management
• Collection of projects, programs and work

• Grouped together

• Strategic objectives

• Ex. National Action Plan by Govt. of Pakistan.

 Project Program Portfolio

Scope Defined objectives and Larger scope and Strategic goals

narrower scope benefits

Change Changes managed by Changes inside and Portfolio managers

project manager outside of program, monitor changes in
Program Manager broader way.
responsible.

Planning Into detailed plans , High level plans to Communication and

project life cycle guide detailed planning relative to
planning at aggregate portfolio.
component level.
Management Project team to meet Program staff, Portfolio management
objectives project managers staff
Success Product and project Satisfaction of needs Aggregate
quality, time, budget, and benefits for performance of
customer satisfaction which it was portfolio components.
undertaken.
Monitoring Producing the products, Overall goals, Value indicators.
services or results. schedule, budget and
benefits
Project Management Knowledge Areas
Project Initiation Project Charter
Documents Low cost, HR, High risk & influence
& Reports

P
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cost & a
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HR,
low
Project Life Cost
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Decrease
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risk & Cycle in risk &
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High Cost & HR, less risk & influence Project

Accepted Execution Management
Deliverables Plan

Monitoring and Controlling

Risk, Stakeholder’s influence Cost of change in scope

HR, Cost

Initiation Planning Execution Closing

Project Reports &

Project Charter Deliverables Closing
Management Plan
Documents