Project Management

IntroductionScope of project management:  DCM | Project Management Framework  | Performance metrics, using EVA jargon | EVA History

Cost ManagementRisk AnalysisRisk Modeling | Monte Carlo Simulation EVA | | Cost Estimate  |Resource Loading Example | Project Management HeuristicsProcurement Management

Continuous Improvement Process |

Multimedia  Resources |   

TUTORIALSHow to use MS ProjectMS Project Tutorials -= VideosProjectLibre Videos | Oracle Primavera Tutorials

Comparison of project management tools

 System Design - The five major components of a system design are:  User Interface, Data Design, Process Design, Communications and Human Capital

Systems Analysis

Feasibility Studies

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THE INFORMATION TECHNOLOGY PROJECT MANAGEMENT LITTLE RED BOOK - draft (pdf format) - click here

PROJECT MANAGEMENT TRUISMSCoding Standards | Information Technology Standards |

Creating a Project Management Communications Plan - click here 

LINKS   - see also

REFERENCES

 

 


 

Introduction

I continue to argue that despite claims to the contrary contained in the many thousands of books written on the subject, conceptually, project management is easy. Most adults, for example,  have already experienced a number of projects, from obtaining a degree, to buying a house, getting a promotion and so on. 

The real question is whether the outcome of the project was due to serendipity, to circumstances or accident – that is, whether we managed the project, or whether the project managed us.  Not much different from time management.  Time management implies that we have discretionary time to manage, for instance.

Project management  is as easy as DCM:  Define, Communicate and Manage.   More often than not, the difficulty is in the specialized jargon, such as what is used in the Earned Value Analysis (EVA).

 

Scope of project management:  DCM
Scope management video:  http://www.youtube.com/watch?v=6Srqkfc06NI

 

To be fair, it is true that the devil is in the details.  However, once the DCM concept has been fully understood, the details can be filled in using a number of project management frameworks, such as the one below

 

Project Management Framework

 

Followed by measuring, measuring, measuring, and  establishing the appropriate performance metrics.

 

Performance metrics, using EVA jargon

 

Project:   A project is an undertaking requiring concerted effort.   In project management circles, a project is usually defined as a temporary effort.  

Project management:  BASICS: Triple Constraintfive different processes |  core competencies  |  Competing Projects Criteria | Why projects FailMS Project Management resources | Other Project Management Links


 

 

 

Cost Management

 

Insufficient information - Traditional management comparing budget to actual

Earned value analysis (EVA) - keep track not only of the budget and actuals, but also the value of the work performed, and left to do.

While there is no universal agreement for the various types of budgets, I like to use the following

 

ROM (rough order of magnitude)  

Budgetary

Definitive

    -50% to +50% ( can be as high as +75%

  -10% to +25%

 - 10% to +10

 

 

 

 

 

 

 

Procurement Management

 

 

 

 


 

 

Earned value analysis (EVA)  History

 

 

Project management.  According to A Guide to the Project Management Body of Knowledge —2000 Edition, [Project Management Institute (PMI®) December 2000], project management is the application of knowledge, skills, tools and techniques to a broad range of activities in order to meet the requirements of the particular project.  PMI further outlines five different processes and core competencies required for effective project management - see figure below

 

 


 

Resource Loading Example

 

 

Resource Loading Example

 

 

 

 

 Project Management Core Skills

 

 

 

The Triple Constraint

The triple constraint consists of Cost, Performance/Quality & Budget.  In other words, the total cost of a given project is a function of the scope, the schedule and the desired performance and or quality - How many times have  we been asked to expedite a project, while  sticking to the original scope, budget and cost - the pictures below show that such requests are at best senseless.

 

Original Project Scope An expedited Project may require changes in Scope, performance and or cost - something has to give

 

 

 


Feasibility Studies

 

 

 

Technology feasibility

The assessment is based on an outline design of system requirements in terms of Input, Processes, Output, Fields, Programs, and Procedures. This can be quantified in terms of