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Project Management MGT 606

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1 Project Management MGT 606
By Dr Mohammad Alzaffin Welcome to International Business, Eighth Edition, by Charles W.L. Hill.

2 Welcome to the world of managing projects”
MGT 606 Welcome to the world of managing projects”

3 Welcome to: MSc Project Management MGT606
Dr Mohammad Alzaffin AUE 2016/2017

4 makes change possible – nothing is impossible!
Project Management! makes change possible – nothing is impossible!

5 Agenda Assessment Course Overview Homework

6 Description of the Course
Weight (%) Course Type 10% Attendance/ Participation 15% Case Study 25% Group Project and Presentation 20% Mid-term Exam 30% Final Exam

7 Assessment Problems Concepts Solutions Start early Submit early
Contribute equally AUE 2015/16

8 Assessment Cannot resubmit No extensions 60% min required to pass
Documentary evidence required

9 Assessment Word limit Referencing - Harvard Plagiarism Turnitin

10 Reflection How do you feel about your performance?
What might you do differently for the next assessment? Write your ideas into your own Learning Diary & include morale, motivation, etc.

11 Study Resources Library eBooks Journals Newspapers Google Scholar
Not Wikipedia No copy & paste

12 Course Overview What is Project Management? Link to business strategy
Types of Project Role of Project Manager Reasons for Project success Reasons for Project failure

13 Motivation for Research
Project Management is notorious for Failure! 60-85% of all Projects fail

14 Traditional Definition of Projects
Projects defined by Time, Cost & Quality (Project Life Cycle) T C Q Figure 1: The Project Constraint Triangle

15 Failed Construction Projects
London Eye The Dome (O2) Heathrow Terminal 5

16 London Olympic Games 2012 Estimated Cost £2.4b Actual Cost £9.3b!!

17 Stakeholders Identify all stakeholders Assess their importance
Assess their interest Manage them continuously

18 Stakeholder Management
Stakeholders for London Olympics 2012 Greenwich Council

19 London Olympics 2012 Legacy (Project Life Span) Lessons Learned
Rio 2016 Time Cost Quality Plus: Politics, the economy, etc.

20 Failed IT Projects in UK
Criminal Records Bureau database costs doubled to £400m Home Office for Asylum Seekers cancelled after spending £77m

21 Failed IT Projects in UK
Criminal Records Bureau database costs doubled to £400m Home Office for Asylum Seekers cancelled after spending £77m Inland Revenue overpaid rebates by £2b

22 Company Directors Board Feedback PM is key factor to business success
Projects receive insufficient time at Board level Resources are insufficient Boards have poor view of Projects due to common failure Boards are not equipped to oversee major Projects

23 Characteristics of a Good Project Manager
Discuss

24 Reasons for Project Failure
Discuss

25 Common Causes of Project Failure Long Project durations
Estimation methods inaccurate Continuous change Requirements, legislation, hardware, software, industry standards, economy, knowledge management, new markets, etc. Poor Documentation: untimely, unavailable, inconsistent, incomplete, unclear, incorrect Fixed Point Theorem Needed by accountants Stakeholder mismanagement

26 Reasons for Project Success
Discuss

27 Introduction ‘Life is one big project.’ The trick is managing it.
There are many successful projects Managing them is an art and science Essential, we start by defining projects (what is and what is not a project) and project management (a profession with a career path) Projects represent significant parts of all economic activity, they are important to individuals, organizations and society

28 1.1 Basic definitions A project is a temporary Endeavour undertaken to create a unique product or service. [Project Management Institute, 2004] A unique set of coordinated activities, with definite starting and finishing points, undertaken by an individual or organization to meet specific performance objectives with defined schedule, cost and performance parameters. [British Standard 6079, 2000]

29 1.1 Basic definitions (Continued)
Common themes: Unique Or aspects of uniqueness Temporary Organisation, finances Focused Delivering a result (product or service Business case Or at least a mission to deliver benefits Emergence High level benefits known Exact objective and means to achieve them evolve after a certain amount of work has been done Uncertainty The future is unpredictable Unknowns : achievable objective, costs, durations Change Any new system (deliverable) will impact on the way people work Social construction People and systems of people have complex and dynamic interactions Integration People (staff and end users; training and media coverage), systems, technology, knowledge

30 1.1 Basic definitions (Continued)
Project characteristics

31 Definition and Characteristics of a Project
Purpose Project usually a one-time activity with a set of desired end result can be divided into subtasks, which required coordination & control Life Cycle Project life cycle slow beginning  progress to a buildup of size  peak  begin decline  finally must terminate

32 1.2 Importance of successful project management to an organisation and to you (Continued)
Table 1.1 Accidental profession or profession of choice?

33 1.2 Importance of successful project management to an organisation and to you (Continued)
PM and line management Figure 1.3 Project organisational structure (for project of medium complexity)

34 1.3 Project management past and present
Table 1.3 Historical development of project management

35 Introduction about project circumstances
‘Get the thinking right first. The rest is detail.’ Project: Launching a product Managing stakeholders a significant PM role Sense making of the complexity is vital without this process project activities may be too difficult

36 Homework Describe the Burj Khalifa Project
Was it a Project success or failure? Justify. Hand it on Tuesday, 5-7pm

37 Recommended Reading Books Journals Links
APMBOK, Burke, Cadle, Chapman, Cleland, Gray, Ireland, Kerzner, Larson, Lock, Maylor, Meso, Paul, Pinto, Yeates Journals International Journal of Project Management Project Management Journal Project Manager Today Project PM Network Links


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