Business Project Management!

Business Project Management!
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Session 1!
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Modern Project Management: !
Overview and Importance"
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San Diego, CA!
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AGENDA!
Introduction and Course Overview!

Trends and Challenges in Project Management!
Project Life Cycle and Characteristics!
Integrated Management and Project Dimensions!
Project Management Tools in a Consulting Setting!
The grading has three components!

Grading
Participation in Class
Group Presentations
Final Assignment
reading and homework discussion

case analysis and discussion
classroom exercises
Professionalism
Research Pool Participation
30%
Scope the project

Develop a project plan
Estimate and allocate appropriate
resources
Cover major risks of the project
Implementation plans
40%
Content
Application of business project
management tools
Problem Analysis
Professionalism
30%
AGENDA!

Trends and Challenges in Project Management!
Current Drivers of Project Management!

Key Current Drivers
Compression of
Life Cycles
Knowledge
Explosion
Triple Bottom Line
Shorter Product Life

Cycles (6 months-3
years)
Increase in Complexity
(codes, specifications,
specialists)
Planet, People, Profit
Project Speed is a
Competitive Advantage
Integration Need,
knowledge integration
Soft Skills around

Communication, Sales
Corporate
Downsizing
Customer Focus
Smaller projects
Organizational
Restructurings
Increase in Customer
Focus (requirements,
pricing)
Sharing resources
across portfolio of
projects
Flatter Organizations
Mass Customization
e.g., Nike.
Organizational
Environment for multiproject management
Sources: adapted from Larson, E.W. and Gray, C.F. (2015). Project Management: The Managerial Process. McGraw Hill. 6th Edition.
Project Challenges can then be analyzed according to different

types!
Group 1: Plane Development
Boeing 787
Problem Types:
Examples
Level of Importance
Resource Constraints
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Supplier Communication
and Integration
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10
10
10
10
Planning and Scoping

Problems

Resulting Problems:
Time Delays, Financials,
Customer Satisfaction,
Other
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AGENDA!

Challenges and Trends in Project Management!
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Project Definition and Characteristics!

Definition Project
-A project is a temporary endeavor undertaken to create a unique product, service, or result.*
Project Characteristics
Examples
-Releasing software package
Established Objective
Defined Life Span
-Telecommunications network roll-out
Several Departments and

Professionals
-Cross functional teams in innovation projects
Unique (typically
never done before)
-Mars Rover, New Office Building (Degree of

uniqueness)
Specific Time, Cost, and

Performance Requirements
-Triple Constraints (accomplishment, cost, time) are

often evaluated on Construction Projects
Sources: Larson, E.W. and Gray, C.F. (2015). Project Management: The Managerial Process. McGraw Hill. 6th Edition. *p.6 (Project Management Institute)
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Project Life Cycle!

Project Life Cycle
EXECUTING
Effort
PLANNING
DEFINING
CLOSING
Time
DEFINING
Goals
Specifications
Tasks
Responsibilities
PLANNING
Schedules
Budgets
Resources
Risks
Staffing
EXECUTING
Status Reports
Changes
Quality
Forecasts
CLOSING
Train customer
Transfer documents
Release resources
Evaluations
Learnings
Sources: Larson, E.W. and Gray, C.F. (2015). Project Management: The Managerial Process. McGraw Hill. 6th Edition.
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AGENDA!

13
Integrated Management of Projects!

Integrated Management
Strategic
Alignment
Portfolio
Management
Project
Management
Projects are
implementation tools for
strategic management
Strategic planning
interacts with project
management
Management of project
portfolio critical to
achieve customer
satisfaction and a high
degree of resource
utilization
Project Management is
used as modus operandi
for implementing strategy
Apple, Google, and GE
have 1000 projects
concurrently being
progressing daily
Organizational Culture
Sources: Larson, E.W. and Gray, C.F. (2015). Project Management: The Managerial Process. McGraw Hill. 6th Edition.
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AGENDA!

16
MECE (Mutually Exclusive and Collectively Exhaustive)

Illustrative
MECE Development
ME
CE
Mutually Exclusive
Collectively Exhaustive
Structuring Toolkit
-Structuring
-Mapping
Sources: Adapted from Rasiel, E. The McKinsey Way, 1999, McGraw Hill.
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Business Project Management!

Introduction and Course Overview!

The grading has three components!

reading and homework discussion

Scope the project

Introduction and Course Overview!

Current Drivers of Project Management!

Triple Bottom Line

Shorter Product Life

Planet, People, Profit

Soft Skills around

Project Challenges can then be analyzed according to different

Planning and Scoping

Introduction and Course Overview!

Project Definition and Characteristics!

Defined Life Span

-Telecommunications network roll-out

Several Departments and

-Cross functional teams in innovation projects

-Mars Rover, New Office Building (Degree of

Specific Time, Cost, and

-Triple Constraints (accomplishment, cost, time) are

Project Life Cycle!

Introduction and Course Overview!

Integrated Management of Projects!

Introduction and Course Overview!

MECE (Mutually Exclusive and Collectively Exhaustive)

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