Professional Documents
Culture Documents
Essential Activity
18Billion
New (?) technology
EDF (France) and CGN (China)
Appear to have guaranteed return on investment
But is it worth it?
2
Lecture 2
What makes a successful project?
The iron triangle
Being a project manager
Project failure
The PMBOK knowledge areas
Learning from past projects
From Lecture 1
Completed on time
Completed within budget
Project output meets original
expectations
The iron triangle
Or is it something it different?
Project Failure
Nearly any project manager you ask will have some experience of projects that have failed
or have been abandoned
Nearly all project managers will say they think their organisation could improve the way
they manage projects.
9 Knowledge Areas
1. Project Integration Management
2. Project Scope Management
3. Project Time Management
4. Project Cost Management
5. Project Quality Management
6. Project Human Resources Management
7. Project Communication Management
8. Project Risk Management
9. Project Procurement Management
Will this lead to better project management
and better project managers?
Managing Scope
The purpose of scope management is to ensure that
adequate work is done (but not unnecessary work) so that
the projects purpose is achieved.
Define:
Purpose of the project
Scope of the project
Objectives of the project
Tools might include use of work
breakdown
structures
Not to
do more than
is needed
(WBS), milestone plans etc.but there is a balance to keep the
customer satisfied.
Managing Quality
Making sure you give the customer the quality that is laid down
in the contract although this maybe not the same as meeting
the customers expectations of quality and might not be enough
to keep in business !
Tools might include: use of specifications, standards, review
systems, performance measures, change control systems
Beckford, S.
Managing Time
Time planning, estimating,
scheduling, control
Tools might include: Gantt charts,
network analysis, critical path analysis
Managing cost
Cost estimating and delivering to plan.
Tools include target costing, forecasting, expected cost
vs. actual cost, Net Present Value (NPV) Internal Rates of
Return (IRR), Payback methods
Benefits Management:
Benefits management is the
identification, definition,
planning, tracking and
realisation of business
benefits.
Association of Project
Management
http://knowledge.apm.org.uk/bok
For further
consideration
Following on from last weeks activityconsider how
the project you are looking at might be measured.
Can you find out anything about how the project
manager reported on progress?
If not, put yourself in the role and think how you
would report and what you would measure.
Think about what success would look like to the
various stakeholders.
Success is not always defined by money
Deadline:nextMondayslecture
Reading
Maylor Ch 4
or
Kerzner Ch 1
Please note there is a lot written about project success and failure so please
feel free to read other texts, journals (e.g. IJPM) on this topic.
Revision questions
1. Time, cost and quality
completion) have been
performance measures.
appropriate and how is this