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Project Management Project management is the discipline of organizing and managing resources in such a way that these resources deliver all the work required.

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Presentation on theme: "Project Management Project management is the discipline of organizing and managing resources in such a way that these resources deliver all the work required."— Presentation transcript:

1 Project Management Project management is the discipline of organizing and managing resources in such a way that these resources deliver all the work required to complete a project within defined scope, time, and cost constraints. A project is a temporary and one-time endeavor undertaken to create a unique product or service.

2 Project Management What are the tools? Gantt charts
PERT or CPM Technique Work breakdown structure

3 PERT and CPM PERT: Program Evaluation and Review Technique
CPM: Critical Path Method

4 The Network Diagram Activities Events Network (precedence) diagram
Activity-on-arrow (AOA) Activity-on-node (AON)

5 The Network Diagram Path Critical path Critical activities Slack
Sequence of activities that leads from the starting node to the finishing node. Critical path The longest path; determines expected project duration. Critical activities Activities on the critical path. Slack Allowable slippage for path; the difference the length of path and the length of critical path.

6 Project Management What are the Key Metrics Time Cost
Performance objectives

7 Project Manager Responsible for: Work Quality Human Resources Time
Communications Costs

8 Project Manager Responsible for: Technical and Financial Analysis
PMP certification CFM, CFA and CFP certification Financial Evaluation and Investment Analysis Cost Benefit Analysis


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