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Lecture notes

Foundations of Project Management - The 3 Ps

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These notes introduce the topic of Project Management with some fundamental points on projects, programmes and portfolio.









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Uploaded on
April 30, 2024
Number of pages
3
Written in
2023/2024
Type
Lecture notes
Professor(s)
Rachael
Contains
The 3 ps

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 A project is a co-ordinated set of tasks that together create a defined new product, process,
or service, within a constrained time and resource budget.
 Project Management is the set of tools, processes, and skills that we bring to finding the
best way to deliver what we have been charged to deliver within the constraints that we
have been set to and the deadlines that are required by us.
 The Triangle of Project Management: Getting things done (tools, technologies,
methodologies), Personal Skills (attitudes, leadership, influence, resilience, curiosity), Being
Organised (systems, processes, procedures).
What is Project Management?
 Getting things done
 “Masterpiece of planning and management”
 A carefully choreographed series of events, one step leads seamlessly to the next
 Every outcome considered
 Is virtually invisible, is the absence of failure
Projects and Business as Usual
 A project is a unique, transient endeavour, undertaken to bring about change and achieve
planned objectives (BoK6 and BoK7 definition)
 Business as usual (BAU) is what businesses and organisations do on a day to day basis, how
they generate their income or fulfil their purpose.
Projects:
 Are unique, transient endeavours
 Have a temporary team – including a PM
 Manage to an agreed budget for the duration of the project
 Have more risk compared to BAU
 Are undertaken to bring about a change/new outcome
 Deliver outputs/products
BAU:
 Is repetitive and on-going
 Has an established team – with established leader
 Manage typically to an annual agreed budget for department
 Has much lower risk than a project
 Is normally managed using established processes
 Uses project’s outputs to create benefits for the organisation
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