1. Project Management and Risk

2. In-class
In groups of three…

3. Definitions
Project Management: a system of procedures, practices, technologies, skills, and experience needed to manage a project:

4. Acronyms:
SEPM:
SPM:
PM:
SPMP:

5. Objectives of SEPM
Delivery of a product that reliably performs specified functions developed within cost and schedule
Real world:

6. “Wise man” … “If you’re late, they will be angry.
“If you’re over budget, they will shout.
“But if you don’t deliver, they will never forgive you.”

7. 5 Functions
Planning
Organizing
Staffing
Leading
Controlling

8. Planning Specify goals and objectives for project
Specify strategies, policies, plans for achieving goals

9. Planning Activities Set objectives Develop policies
Forecast future and anticipate events. Assess risk
Analyze alternatives including planning for subcontractors
Prepare budgets
Develop project plan

10. Organizing Identify project functions, activities, and tasks
Describe organization of project team and identify dependence on external groups
Select project management structure for monitoring, coordinating, and communicating
Create position descriptions and define responsibilities and qualifications

11. Staffing Fill positions Assimilate new personnel
Educate and train personnel
Evaluate personnel
Compensate personnel

12. Filling Positions
This is perhaps the most important part of project management

13. Assimilation and Education
Ensure staff are familiar with project objectives and schedules
Education:
Training:

14. Leading Provide vision and direction Create effective work environment
Motivate personnel
Supervise and coordinate personnel and activities
Resolve conflicts
Handle changes

15. Supervision and Motivation

16. Controlling Ensure the project goes according to plan Set goals
Monitor
Measure results
Initiate corrective actions
Reward and discipline

17. Creating a Project Plan
Task list
Resources
Network of tasks

18. Task list

19. Resources

20. Network of Tasks How are all the tasks related?
What is the critical path?
What are the milestones?

21. IEEE Std 1058 Introduction Clause 1: Overview Clause 2: References
Clause 3: Definitions
Clause 4: Project Organization
Clause 5: Managerial Process Plans
Clause 6: Technical Process Plans
Clauses 7-9 Work Packages, Schedule, and Budget

22. 1. Introduction Project Overview Project Deliverables
Evolution of the SPMP
Reference Materials
Definitions and Acronyms

23. 2. Project Organization Process Model Organizational Structure
Organizational Boundaries and Interfaces
Project Responsibilities

24. 3. Managerial Process Plans
Startup Plan
Estimation Plan
Work Plan
Control Plan
Risk management Plan
Project closeout plan

25. 4. Technical Process Plans
Process Model
Methods, Tools, Techniques
Infrastructure plan
Product acceptance plan

26. 5. Work Packages, Schedule, and Budget
Dependencies
Resource Requirements
Budget and Resource Allocation
Schedule
Work Packages are the “tasks” or activities

27. Do’s and Don’ts of management
Use metrics
Be realistic
Allow preliminary design: adjust plan
Don’t accept arbitrary plans
Can’t say how long to build a house, but can say how long to build a 3 bedroom, two story, 2000sq ft, with two baths and garage, in Kern Place.

28. Group
Three papers were assigned: one by Forte, one by Henderson, and one by McConnell. They are all written from a different point of view.
In teams of three…