1. Project Management
By: Michael Pantazis

2. Introduction
Project management is the application of knowledge, skills, tools, and techniques to the project activities that are necessary to meet the project requirements
The primary purpose of a project is to make or implement change within the organization, typically to move the organization toward the achievement of its strategic objectives.

3. Triple Constraint Model
The triple constraint model can be used to best describe the limitations imposed upon a project manager: to provide quality while staying on schedule, under budget, and in scope.
no one side of the triangle can be altered, without affecting any of the other respective sides of the triangle

4. Project Management Life Cycle
Initiating Processes
Nature and scope of development
Planning Processes
Defining and refining the objectives
Executing Processes
Executing the work previously defined
Controlling Processes
Measure performance of the execution initiatives
Closing Processes
Formal acceptance of the project

5. Project Risk Management
Risk management can be best summed up as the process of identifying the risks associated with important business processes and reducing them to acceptable levels
The RBS is a hierarchical diagram that helps present and categorize high-level risks. It also stands as a tool used to jumpstart the process of risk planning

6. Project Risk Management (cont.)
Risk Response Strategies
Avoid
Avoid risk altogether
Transfer
Transfer ownership to another party
Mitigate
Reduce the probability or impact
Accept
Deal with risks that can’t be reduced, mitigated, transferred, or avoided

7. Project Methodologies & Frameworks
Stage-Gate
Divides the effort required
Organizational Project Management Maturity Model
Choose best practices that apply to PM needs
Critical Chain
Realistic time & cost estimates

8. Project Management & IT Governance
Project Governance is used to depict the processes that need to exist in order for a successful project to be completed
provide a blueprint for the relationships between all the internal and external groups that are involved in a project
describe and document the proper flow of information regarding the project status to all project stakeholders
extremely useful in ensuring that the appropriate review is carried out to reach resolutions for issues