Categories: PM TalksStartups

Project Management Basics

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&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;softwaremania&period;in&sol;mobile-applications&sol;different-agile-frameworks&sol;" title&equals;"">Project Management <&sol;a>Definition –<&sol;strong><br>&OpenCurlyDoubleQuote;PM is planning&comma; organizing&comma; directing&comma; and controlling of company resources for a relatively short term objective that has been established to complete specific goals and objectives<em>&period;”&lpar;Kerzner&comma;H&period;&comma;1979&rpar;<&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>&OpenCurlyDoubleQuote;PM <em>is the process of leading the work of a team to achieve all project goals within the given constraints&period;”&lpar;PMI&comma;2024&rpar;<&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>History and Evolution-<&sol;strong><br><strong>Gantt Chart&lpar;1917&rpar;-<&sol;strong>Invented by Hanary Gantt&comma; It is a visual presentation that helps in plan&comma; execute&comma; manage and track the tasks in project&period;<br><strong>CPM&lpar;1957&rpar;<&sol;strong> –Critical path method&comma; invented by Duport corporation&period; This is algorithm to schedule a set of activities in project&period;<br><strong>PMI &lpar;1969&rpar;<&sol;strong>-Project Management Institute&comma; was launched to promote project management profession&period;<br><strong><a href&equals;"https&colon;&sol;&sol;scrum&period;org" title&equals;"">Scrum &lpar;1986<&sol;a>&rpar;-<&sol;strong>Scrum is Project Management Framework which is Agile methodology&period; It encourages the strong collaboration between the team members&period;<br><strong>Prince &lpar;1989&rpar;-<&sol;strong>Prince is published by UK govt&period; agency CCTA and become standard for all govt&period; information projects&period;<br><strong>TCM&lpar;2006&rpar;-<&sol;strong>Total cost management&comma; released by AACE&period; This is first integrated Methodology for portfolio or Project management&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Key Functionalities for Project Management&colon;-<&sol;strong><br>Project Planning-<br>Resource Management-<br>Risk Management-<br>Communication-<br>Quality Management-<br>Procurement Management-<br>Change Management-<br>Problem solving and decision-making-<br>Team Lead and innovation-<br>Project Closure and Evaluation-<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Benefits of Project Management-<&sol;strong><br>-It Creates Base of Teamwork<br>-It establishes a schedule and Plan<br>-It Defines Plan of project before it begins<br>-It Define Project Scope<br>-It Controls Quality<br>-It Minimise the Risk<br>-It Lowers the Project cost<br>-It Promote the teamwork<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Who is Project Manager<&sol;strong><br>Project Manager-PM are coordinator for Business world&period; A PM wears multiple hats and juggles between diverse functions to ensure that project get delivered on time&comma; within budget and with highest Quality&period; &&num;8220&semi;Here Communication is the KEY&&num;8221&semi;&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>What Project Managers Do &quest;<&sol;strong><br>A PM is expected to have an ethical and professional behavior and a continuous learning and development of his skills and competencies required&comma; like leadership&comma; communication and problem-solving&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<figure class&equals;"wp-block-table"><table class&equals;"has-fixed-layout"><tbody><tr><td><strong>Duties<&sol;strong><&sol;td><td><strong>Responsibilities<&sol;strong><&sol;td><&sol;tr><tr><td>Project Planning<&sol;td><td>Ensuring Project Alignment with Objectives<&sol;td><&sol;tr><tr><td>Resource Allocation<&sol;td><td>Team Leadership and Motivation<&sol;td><&sol;tr><tr><td>Risk Management&sol;Mitigation<&sol;td><td>Project execution Monitoring<&sol;td><&sol;tr><tr><td>Quality control<&sol;td><td>Stakeholder Management<&sol;td><&sol;tr><tr><td>Communication<&sol;td><td>Quality Management<&sol;td><&sol;tr><tr><td>Problem Solving<&sol;td><td>Change Management<&sol;td><&sol;tr><tr><td>Decision Making<&sol;td><td>Procurement Management<&sol;td><&sol;tr><&sol;tbody><&sol;table><&sol;figure>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Career prospects and Growth –<&sol;strong><br>-Roles&colon; Senior Project Manager&comma; Program Manager&comma; Portfolio Manager&comma; PMO&comma; Director<br>-Opportunities for advancement into executive positions like COO<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Project Key Stages and Artifacts-<br>1&period;Project Initiations <&sol;strong>–<br>Key artifacts -Project charter&comma; Stakeholders Analysis<br>Key Meetings –Project kick off meeting&comma; Stakeholders interview<br><strong>2&period;Project Planning –<br><&sol;strong>Key artifacts -Scope definition&comma; WBS &lpar;work Breakdown structure&rpar;&comma;Schedule&comma; Risk management Plan&period;<br>Key Meetings –Planning sessions&comma; Resource allocation&comma; Risk assessment workshop&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>3&period;Project Execution –<br><&sol;strong>Key artifacts -Progress report&comma; change request&comma; issue logs&comma; Test plans and test results<br>Key Meetings –Daily scrum&sol;stand-up&comma; status review meeting&comma; change control board meeting&period;<br><strong>4&period;Project Monitoring and controlling –<br><&sol;strong>Key artifacts -Performance metrics&comma; Quality Audits&comma; Risk review<br>Key Meetings –Steering committee meetings&comma; Variance Analysis&comma; corrective action planning<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>5&period;Project Closure–<br><&sol;strong>Key artifacts -Final Project report&comma; Lesson learned register&comma; Post implementation review<br>Key Meetings –Project retrospective&comma; Resource release&comma; Formal project acceptance&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Key Artifacts in project Management-<&sol;strong><br>Project Charter&colon; Authorizes the project&comma; outlines objectives and identifies stakeholders<br>Work Breakdown Structure &lpar;WBS&rpar;&colon; Breaks down the project into manageable tasks<br>Risk Management Plan&colon; Identifies potential risks and defines mitigation strategies<br>Final Project Report&colon; Summarizes project outcomes and performance<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;

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