Introduction

Introduction

Introduction to Project management

Understand the growing need for better project management, especially for information technology projects

Explain what a project is and provide examples of info technology project

Statistics

US spends $2.3 trillion on projects every year, an amount equal to one quarter of nation’s gross domestic product.

The world as a whole spends nearly $10 trillion of its $40.7 trillion gross product on projects of all kinds

More than sixteen million people regard project management as their profession on average

More than a million new IT application development projects were initiated during 2014, up from 500000 in 2000

When economic get slip, demand on project will decrease

IT projects have a terrible track record

Only 16.2% of IT project were successful and 31% were canceled before completion, costing over $150B in the US. Alone

The need for IT projects keeps increasing

In 2000, there were 500,000 new IT projects

In 2014, over 1,000,000 new IT projects were started.

Advantages of doing formal project management

Better control of financial, physical, and human resources

Improved Customer relations

Shorter development time

Lower costs

Higher quality and increased reliability

Higher profit margins

Improved productivity

Better internal coordination

Higher worker morale

What is a project?

A project is “a temporary endeavor undertaken to accomplish a unique product or service”

Attributes of projects

Unique purpose

Temporary（short term）

Require resources often from various areas

Should have a primary sponsor and/or customer （strong CEO /president）

Involve uncertainty

Samples of IT projects

Northwest Airlines

Triple constraint

Scope goal, cost goal, time goal

What do I do with former project management?

Finish it, does not matter cost or time

Time and cost overruns significantly decreased

Why the improvements?

Better tools have been created to monitor and control progress and better skilled project managers with better management processes are being used.

Project management framework

9 knowledge areas, tools and techniques, project integration management, project portfolio.

Scope, time, cost, quality, HR, Communication, risk, procure

Project management tools and techniques assist project managers and their teams in various aspects of project management

Some specific ones include

Project charter, scope statement, and WBS (work break down structure)

Gantt charts, network diagrams

Cost estimates and earned value

How project management relates to other disciplines

Much of the knowledge needed to manage projects is unique to the discipline of project management

Project managers must also have knowledge and experience in

General management

The application area of the project

Frost (put it down everything) person and tree (detail) person

Cannot work together to make success.

The project management profession

(PMI), project management institute.