The World of Project Management
Two primary roles of the project manager are managing trade-offs among the three interrelated
project objectives (scope, cost, schedule) and managing risks.
Advantages of Formal PM:
● Better financial, physical, and HR control
● Improved customer relations
● Shorter development times
● Lower costs
● Higher quality and increased reliability
● Higher profit margins
● Improved productivity
● Better internal coordination
● Higher worker morale
Trends in PM:
❖ Achieving strategic goals
❖ Agile Project Management
❖ PMOs for Improving project effectiveness
❖ Virtual projects
Agile Certifications:
➔ PMI: Agile Certified Practitioner (ACP)
➔ CSM (Scrum Alliance)
➔ PSM (Scrum.org)
➔ SMC (ScrumStudy.org)
,→ What is a Project? A temporary endeavour undertaken to create a unique product, service,
or result.
Operations is work done to sustain the business.
Projects Operations
Unique Normal/Usual
Finite Continuous
Temporary Permanent
Unpredictable & Uncertain Predictable & Certain
Project Attributes:
● has a unique purpose
● is temporary
● is developed using progressive elaboration
● requires resources, often from various areas
● involves uncertainty
● should have a primary customer or sponsor
○ The project sponsor usually provides the direction and funding for the project
Project Goals - Successful project management means meeting all 3 goals (scope, time, cost)
and satisfying the project’s sponsor.
, Project Life Cycle describes the series of phases that a project passes through from its
initiation to its closure.
Two primary roles of the project manager are managing trade-offs among the three interrelated
project objectives (scope, cost, schedule) and managing risks.
Advantages of Formal PM:
● Better financial, physical, and HR control
● Improved customer relations
● Shorter development times
● Lower costs
● Higher quality and increased reliability
● Higher profit margins
● Improved productivity
● Better internal coordination
● Higher worker morale
Trends in PM:
❖ Achieving strategic goals
❖ Agile Project Management
❖ PMOs for Improving project effectiveness
❖ Virtual projects
Agile Certifications:
➔ PMI: Agile Certified Practitioner (ACP)
➔ CSM (Scrum Alliance)
➔ PSM (Scrum.org)
➔ SMC (ScrumStudy.org)
,→ What is a Project? A temporary endeavour undertaken to create a unique product, service,
or result.
Operations is work done to sustain the business.
Projects Operations
Unique Normal/Usual
Finite Continuous
Temporary Permanent
Unpredictable & Uncertain Predictable & Certain
Project Attributes:
● has a unique purpose
● is temporary
● is developed using progressive elaboration
● requires resources, often from various areas
● involves uncertainty
● should have a primary customer or sponsor
○ The project sponsor usually provides the direction and funding for the project
Project Goals - Successful project management means meeting all 3 goals (scope, time, cost)
and satisfying the project’s sponsor.
, Project Life Cycle describes the series of phases that a project passes through from its
initiation to its closure.
