Project Management A Whirlwind Tour of Project Management Keith Farndale P.Eng. aps1001 Project Management aps1014 Advanced Project Management Procept Associates Ltd. Toronto, Charlottetown, Calgary V2014 2 Outline • Intro • Project management body of knowledge • PM competencies • A team exercise • Trends in PM (if there is time) • But first…
Project Management 3 What is a Project? • “A temporary endeavor undertaken to create a unique product or service” 4 Why Use Project Management? • Focus on objectives: scope, cost, & time: consistent achievement • Coordinate across disciplines • Respond to rapid change • Business focus: earn a profit
Project Management 7 Integration Management: Project Life Cycle LEVEL OF EFFORT TIME INITIATION PLANNING EXECUTION CLOSE-OUT Stakeholders 8 SPONSOR TEAM MEMBERS EMPLOYEES CUSTOMERS INTERNAL CUSTOMERS CONSUMER GROUPS FINANCIAL INSTITUTIONS EXTERNAL CUSTOMERS SELLERS LABOUR UNIONS GOVERNMENT SPECIAL INTEREST GROUPS FUNCTIONAL MANAGERS PM OFFICE INTERNAL EXTERNAL
Project Management Stakeholder Analysis Power/Interest Grid Keep satisfied Manage closely Monitor (minimum effort) Keep informed PMBOK® Guide 13.1.2.1, Fig. 13-4 Low POWER High Low INTEREST High 10 (TYPICAL) Fencing Site Preparation Storm Water Landscaping Curbs & Sidewalks Site Development Demolition Foundations Cladding & Roofing Structure Windows and Doors Interior Finishes Detailed Engineering Procured Items Installation Commissioning Monorail Arch / Civil Elevator HVAC Potable Water LPSW Fire Protection Sanitary and Roof Drains Service Air Instrument Air Active Drains Mechanical Power Distribution Lighting Fire Alarms Emergency Power Grounding Electrical Telephone & PA Data Network Security Monitors Data / Communications Project Management Procurement Project Engineering (Overall) MCCR Municipal MoL Authorities Management BUILDING PROJECT Scope Management: WBS
Project Management 13 Cost Management: Earned Value Cumulative cost Time BAC Cost Baseline = PV Time now EV (earned value) AC (actual cost) EAC CV SV Variance At Completion 14 Risk Management: Risk Analysis PROBABILITY OF OCCURRENCE IMPACT LOW MEDIUM HIGH LOW MEDIUM HIGH LOW HIGH MEDIUM PMBOK Guide 11.3.2.2 RISK EVENT
Project Management Monte Carlo Simulation: Example 15 Procurement Management: Allocation of Cost Risk 16 Cost Risk FP CPPC ASSUMED BY SELLER ASSUMED BY BUYER FPI F CPI F CPF F
Project Management Project Manager Competencies: Depends Upon Situation Leadership Knowledge of the technology PM process Knowledge of the business environment 21 Project Manager Competencies: Large Complex Project? Leadership Knowledge of the technology PM process Knowledge of the business environment 22
Project Management Project Manager Competencies: Small Technical Project? Leadership Knowledge of the technology PM process Knowledge of the business environment 23 Create A Work Breakdown Structure For Your Project • Another one - >>>> 24
Project Management 27 Trends • Project management being recognized as a discipline ... – A chosen profession, not accidental • ... And being recognized as a core competence by organizations – Individual competencies – PM career paths 28 Trends • Management of stakeholders – ... and their expectations • Project teams • More projectized = more effective • Earlier involvement of disciplines (“concurrent engineering”) • Coaching, mentorship