Getting Started with Project Management Components of Project Management Project Management and the Business

What Is a Project? Temporary effort to create an outcome Vary by: Size Number of team members Outcomes Duration Stakeholders Outcomes can be tangible or intangible

Project Management “Application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.”

Portfolios, Programs, and Projects A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition, Project Management Institute, Inc., 2013, p. 5

OPM Comparison A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition, Project Management Institute, Inc., 2013, p. 8

Portfolio Management Collection of projects, programs, sub-portfolios, and operations Centralized management of one or more portfolios Solidifies and controls interdependencies between projects and programs

Program Management

PMO Management structure that standardizes projects-related governance processes Types of PMOs include: Supportive PMOs Controlling PMOs Directive PMOs

Role of the Project Manager

Responsibilities of the Project Manager Knowledge Performance Personal

Interpersonal Skills of a Project Manager Leadership Team building Motivation Communication Influencing Decision making Political and cultural awareness Negotiation Trust building Conflict management Coaching

The PMBOK Guide

Ethics and Professional Conduct

Business Value Entire value of a business The total sum of all tangible and intangible elements

Operations Management Business function that is responsible for overseeing, directing, and controlling business operations Support day-to-day business in support of strategic and tactical goals Departments can include: Manufacturing Accounting Payroll Human resources Sales Marketing Quality assurance

Organizational Strategy and Governance Strategic direction Performance parameters Expectations Goals Purpose Guidance Direction

Reflective Questions What is the relationship among portfolio management, program management, project management and organizational project management? What is the role of the project manager?