What is a project A project has a

What is a project? A project has a well defined objective(s), usually in terms of scope, time and cost, that can be measured at the conclusion of the project (or some point thereafter) to determine project success. l A project has a clearly defined beginning and end date. l A project is a unique, one-time endeavor. l

What is project management? Project management requires making considerable effort to first plan the work by creating a baseline plan to manage the project against. l Once the work has been planned, a project management process is utilized to execute the plan. l Projects and the organizations the projects are being done for are not static. Project management means controlling changes to the project baseline throughout the project process. l

What is project planning? Measurable objective(s) l Scope l Risk l Schedule (WBS, Network Diagrams) l Cost (Earned Value) l Resources (people, equipment…) l Communications l Change management l Procurement l

What is project execution? Executing the plan l Status reporting (actual to baseline) l Communication!! l Team development l Manage by exception l This list is short, but this is typically between 50% and 80% of the work on a project)

What is project controlling? Performance measurement and reporting l Risk assessment and control l Scope verification and change control l Quality control l Schedule control l Cost control l Project plan updates l

What is project closing? Procurement audits l Product verification and acceptance l Financial closure l Lessons learned l On to the next project!! l

Some other important topics! PMI and certification l Project software l Organization structures l Professional conduct l