Project Management BUS 302 Nora alhilali Chapter outline

Project Management BUS 302 Nora alhilali

Chapter outline: ☑ What is PMBOK? • ☑ What is Project MGMT? • ☑ Relationships among Portfolio MGMT, • Program MGMT, Project MGMT, & Organizational Project MGM ☑ Business Value • Role of Project Manager ☑ •

Project Management Framework What is PMBOK? • o PMBOK= Project Management Body Knowledge • o Indicates that the application of knowledge, • Processes, skills, tools, and techniques can significant impact on project success o Describes the Project Management Processes used to • manage a project toward a more successful outcome. o PMI = Project Management Institute www. pmi. org • o CAPM = PMI Global Exams: o Certified Associated in • Project Management (CAPM)

o Project Management Professional (PMP) • o Program Management Professional (Pg. MP) • o PMI Agile Certified Practitioner (PMI-ACP)SM o PMI Risk Management Professional ( PMI-RMP) o PMI Scheduling Professional (PMI-SP)

What is Project? “PMOK pg. 3” • https: //youtu. be/Kp-d. XGQif 8 g • • o Temporary “has a definite beginning and • end time” o Create a unique product, service, or result

What is Project MGMT? “PMOK pg. 5” o A • systematic process used to initiate, plan, • execute, control, and close a project to meet defined objectives o A science and an art

Relationships among Portfolio MGMT, • Program MGMT, Project MGMT, & Organizational Project MGMT

Program: “PMOK pg. 9” • �Defined as a group of related projects, • subprograms, and program activates managed in a coordinated way to obtain benefits not available from managing them individually

Program Management � • The application of knowledge, skills, tools, and • techniques to a program in order to meet the program requirements and to obtain benefits and control no available by managing projects individually.

Portfolio: � • Projects, programs, sub-portfolios, and operations managed as a group to achieve strategic objectives. They many not necessarily be interdependent or directly related.

Portfolio Management: � • Refers to the centralized management of one • or more portfolio to achieve strategic objectives.

Business Value • o It is a concept that is unique to each • organization. o It is defined as the entire value of the • business, the total sum of all tangible and intangible elements. o Successful business value realization begins • with comprehensive strategic planning and management

Role of Project Manager 1 -Project Manager: • the person assigned by the performing • organization to lead the team that is responsible for achieving. The role of project manager is distinct from a • functional manager or operations manager.

2 - Functional manager: � • focused on providing management oversight • for a functional or a business unit o operations manager: � • responsible for ensuring that business • operations are efficient

3 -For reporting: • o Project manager may report to a functional manager o Project manager may be one of several project managers who report to a program or portfolio manager

4 -Responsibilities and competencies of the • project manager: o Knowledge: � • Refers to what the project manager knows about • project management o Performing: � • Refers to what the project manager is able to do • or accomplish while applying his or her project management knowledge o Personal: � • Refers to how the project manager behaves when • perfuming the project or related activities.