1. Strategic Project Management 1 SPM Introduction What is a Project ? zWhat are the key characteristics of a project ?

2. Strategic Project Management 2 SPM Introduction What is a Project ? zWork is generally accomplished through operations or projects. zBoth yconsume resources (including people) yare subject to resource limitations yare planned, executed, and controlled

3. Strategic Project Management 3 SPM Introduction What is a Project ? zOperations are typically on-going and repetitive. zAccording to PMI: zA project is a temporary endeavor undertaken to create a unique product or service.

4. Strategic Project Management 4 SPM Introduction Temporary zTemporary means that every project has a definite beginning and a definite end. yTemporary does not imply short duration xends when objective is accomplished xends when it is clear the objective cannot be accomplished yThe project may be temporary but generally the value added is lasting

5. Strategic Project Management 5 SPM Introduction Unique zUnique means that the product or service is different in some distinguishing way from all similar products and services. ynew product or service ydifferent performance characteristics ydifferent design ydifferent location

6. Strategic Project Management 6 SPM Introduction What is Project Management ? zAgain according to PMI: zProject management is the application of knowledge, skills, tools, and techniques to project activities in order to meet or exceed stakeholder needs and expectations from a project.

7. Strategic Project Management 7 SPM Introduction Project Management zProject management invariably involves evaluating and compromising among tradeoffs. yscope, time, cost, and quality ystakeholders with different needs and expectations y“musts” and “wants”

8. Strategic Project Management 8 SPM Introduction What is Strategic Project Management ? zStrategy is an effectiveness issue yare we doing the right things ? zStrategic planning yis externally focused yis visionary yspans organizational boundaries yis done irregularly rather than routinely

9. Strategic Project Management 9 SPM Introduction What is Strategic Project Management ? zStrategic planning often leads to organizational change. ysometimes evolutionary yfrequently revolutionary zChanges are commonly implemented through a coordinated set of projects. zPMI calls this program management, we will refer to it as strategic project management.

10. Strategic Project Management 10 SPM Introduction Project Management Knowledge Areas zWhat is the Body of Knowledge associated with Project Management? zLet’s review Figure 1-1, page 8 of the PMI Project Management Body of Knowledge, 2000 edition yFigure 1-1, page 7, PMI_BOK_1996.pdf yonly Risk Management has major change