Project or Work Do you know the difference

Project or Work?

Do you know the difference? • List 3 ways you think they are the same? • List 3 ways you think they are different?

Five features of a project 1. Beginning and end 2. Uses resources 3. Goals of quality 4. Planned organized approach 5. Team oriented

The Three Project Factors • Time Scheduling Deadlines • Resources Budget Personnel Equipment • Task/Results Requirements Quality Features

Which do you think is most important? • Time Scheduling Deadlines • Resources Budget Personnel Equipment • Task/Results Requirements Quality Features

The Project Management Triangle TIME TASK RESOURCES

These three factors constantly interact in a project. TIME TASK They change priorities and fluctuate in importance as the project advances RESOURCES

These three factors constantly interact in a project. TIME TASK So who controls or manages theses three factors? RESOURCES

The project manager it is his job to constantly balance these three factors.

Five Stages of Project Management • Initiating • Planning • Execution • Controlling • Closing

Phase One - Initiating • • • Recognize the worth of the project Determine tasks associated w/project Define the overall goal Define expectations of stockholders Define scope Who do I need to make a team?

Phase Two - Planning • • • Refine project scope Define resources List tasks Initial bid Pick the team

Phase Three - Executing • • • Leading team Communicate w/stakeholders Conflict resolution Secure necessary resources Define final scope of project

Phase Four - Controlling • • • Monitoring Adapting resources Dealing w/ alternatives to solve problems Evaluate changes Check w/ stakeholders Testing

Phase Five - Closing • Shut down operations • Disband team • Think about what worked or didn’t work • Write a final project report • Party !!!!

Why does a Project Fail? 1. 2. 3.

Project Failure • Not enough resources • Not enough time • Failure to manage expectations