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Unit 504 - 1.1b

The document discusses key terms in project management. It defines 10 common terms: (1) project life cycle; (2) milestone; (3) baseline; (4) triple constraint; (5) Gantt chart; (6) work breakdown structure; (7) change control board; (8) change management; (9) stakeholders; and (10) risk mitigation. It provides examples and explanations of each term. The document also discusses principles of project management, including the importance of technical knowledge, leadership, delegation, negotiation, and decision making.

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Sushmita Kumari
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45 views

Unit 504 - 1.1b

The document discusses key terms in project management. It defines 10 common terms: (1) project life cycle; (2) milestone; (3) baseline; (4) triple constraint; (5) Gantt chart; (6) work breakdown structure; (7) change control board; (8) change management; (9) stakeholders; and (10) risk mitigation. It provides examples and explanations of each term. The document also discusses principles of project management, including the importance of technical knowledge, leadership, delegation, negotiation, and decision making.

Uploaded by

Sushmita Kumari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Unit-504

Project Management

Introduction
10 Common Terms for Project Management

1. Project Life Cycle


2. Milestone
3. Baseline
4. Triple Constraint
5. Gantt Chart
6. Work breakdown Structure
7. CC.B
8. Change Management
9. Stakeholders
10. Risk Mitigation
Project Management

2.Milestone a specific point within a project's life cycle used to


measure the progress toward the ultimate goal.
Project Management

Example Milestone for Construction Project


Project Management

3. Baseline - a clearly defined starting point for your project plan.


Project Management

4. Triple Constraint - the three most significant restrictions on any


project: scope, schedule and cost
Project Management

5. Gantt Chart - a chart in which a series of horizontal lines shows


the amount of work done or production completed in certain
periods of time in relation to the amount planned for those periods.
Project Management

5. Gantt Chart
Project Management

6. Work breakdown structure - a hierarchical outline of the tasks


required to complete a project.
Project Management

7. Change Control Board (CCB) - is a committee that consists of


Subject Matter Experts (SME, e.g. software engineers, testing
experts, etc.) and Managers (e.g. Quality Assurance managers),
who decide whether to implement proposed changes to a project.
Project Management

8. Change Management - a systematic approach to dealing with


the transition or transformation of an organization's goals,
processes or technologies
Project Management

9. Stakeholders - Individuals and organizations who are


actively involved in the project, or whose interests may be
positively or negatively affected as a result of project
execution or successful project completion.
Project Management

Types of Stakeholders

1. Customers - Product/service quality and value


2. Employees - Employment income and safety
3. Investors - Financial Returns
4. Suppliers and Vendors – Revenues and safety
5. Community – Health, safety, economic development
6. Government - Taxs and GDP
Project Management

Stakeholders Matrix
Project Management

Stakeholders Matrix
Project Management

10. Risk Mitigation steps to reduce the negative effects of threats


and disasters on organization
Principe of Project Management

1. Application of Technical Knowledge to PM

•Residential Building Project. ...


•Private Project. ...
•Commercial Project. ...
•Industrial Project. ...
•Dam Project. ...
•Infrastructure and Heavy Construction Project
Principe of Project Management

1. Application of Technical Knowledge to PM


yu tk project paw mu ti pi use ya mk software change ml

• Engineering Software ( AutoCAD, Revit , Tekala, Etc)

• Project Management Methodologies

• Subject Matter expertise

• Budgeting

• Tracking and monitoring


Principe of Project Management

***Leadership in project management*** loh google mhr search pi yayy ya ml

2. Leadership - the action of leading a group of people or


an organization.
********Definition yay ya mhr m hote buu

effective planning, task coordination,


overseeing projects, inspiring team members, and
making decisions vital to setting up a plan of action for project
implementation
Principe of Project Management

Leadership Style

• Autocratic.

• Democratic.

• Laissez-faire.

• Transformational
Principe of Project Management

Autocratic

• centralizes power and decision-

making

• Give assigns task and duties

• Leader takes full authority


Principe of Project Management

Democratic or Participative leadership

• Decentralize authority

• Characterized by consultation with the

subordinates.

• Formulation of plans and policies


Principe of Project Management

Laissez-faire Leadership

• Attitude of trust and reliance

• Don’t give too much instruction or guidance.

• use their creativity, resources, and experience


Principe of Project Management
Principe of Project Management

Transformational Leadership Leadership mhr d lo pone san twy nk lead


lote loh ya dr yayy pay ya ml***

• Causes change in individuals and social

systems.

• creates valuable and positive change in the

followers with the end goal


Principe of Project Management

3. Delegations - the act of empowering to act for another


Principe of Project Management

Do Don’ts
• Update key priorities • Expect people to read mind
• Clarify your expectations • Underestimate other’s
• Give support capacity
• Be patient • Micro-manage
• Be clear about level of • Delegate your unique
authority ability activities.
Principe of Project Management
Principe of Project Management

4. Negotations - a strategic discussion that resolves an


issue in a way that both parties find acceptable
Principe of Project Management

Stages of Negotiation
Principe of Project Management

5. Decision Making
the process of making choices by identifying a decision,
gathering information, and assessing alternative resolutions
Principe of Project Management
Thank You

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