Project Management
1CM900
Chiel van der Pas
Summary of the lectures
, Project Management 1CM900
Table of Contents
Lectures ................................................................................................................................................... 2
Lecture 1 .............................................................................................................................................. 2
Lecture 2 .............................................................................................................................................. 5
Lecture 3 .............................................................................................................................................. 8
Lecture 4 ............................................................................................................................................ 11
Lecture 5 ............................................................................................................................................ 14
This summary is based on the lectures of the course Project Management (1CM900). I have put great
care in making this summary and I tried to make this document to be as precise and complete as
possible. I, however, may have accidentaly made some mistakes or missed something, so please be
mindful when using this summary. This summary is not an offical document of TU Eindhoven and
should thus not be used as ones sole source of information.
Last updated: 18 January 2021, 14:17
Version 1
1
, Project Management 1CM900
Lectures
Lecture 1
Planning the work activities, project costs, and budgets
A project is a temporary endeavour undertaken to create a unique product or service.
Characteristics of a project are:
- A unique, one-time effort
- Requires the completion of a large number of interrelated activities
- Resources, such as time and/or money, are limited
- Typically has its own management structure
Three objectives of a project are:
- Performance (creating a desired outcome/final product)
- Cost
- Time
A project can be divided into three main phases, which each consider different aspects of the project:
- Initiation
o Strategic management
o Project manager
o Organisation
o Planning
o Negotiating
- Implementation (focus of this course)
o Budgeting
o Scheduling
o Resource allocation
o Monitoring
o Control processes Figure 1.1: Traditional project lifecycle
- Termination
Project planning considers many elements:
- Gives an overview of the project
- Defines the objectives and scope
- Defines the general approach
- Defines contractual aspects between involved Figure 1.2: Project lifecycle with increasing
marginal return
parties
- Details scheduling
- Allocates resources & personnel
- Defines risk management plans
- Defines evaluation methods
To develop a budget for a project one must consider the following things:
- What will be needed? How much labour and material are needed?
- How much will these materials and this labour cost?
- When will these materials and this labour be needed?
2
1CM900
Chiel van der Pas
Summary of the lectures
, Project Management 1CM900
Table of Contents
Lectures ................................................................................................................................................... 2
Lecture 1 .............................................................................................................................................. 2
Lecture 2 .............................................................................................................................................. 5
Lecture 3 .............................................................................................................................................. 8
Lecture 4 ............................................................................................................................................ 11
Lecture 5 ............................................................................................................................................ 14
This summary is based on the lectures of the course Project Management (1CM900). I have put great
care in making this summary and I tried to make this document to be as precise and complete as
possible. I, however, may have accidentaly made some mistakes or missed something, so please be
mindful when using this summary. This summary is not an offical document of TU Eindhoven and
should thus not be used as ones sole source of information.
Last updated: 18 January 2021, 14:17
Version 1
1
, Project Management 1CM900
Lectures
Lecture 1
Planning the work activities, project costs, and budgets
A project is a temporary endeavour undertaken to create a unique product or service.
Characteristics of a project are:
- A unique, one-time effort
- Requires the completion of a large number of interrelated activities
- Resources, such as time and/or money, are limited
- Typically has its own management structure
Three objectives of a project are:
- Performance (creating a desired outcome/final product)
- Cost
- Time
A project can be divided into three main phases, which each consider different aspects of the project:
- Initiation
o Strategic management
o Project manager
o Organisation
o Planning
o Negotiating
- Implementation (focus of this course)
o Budgeting
o Scheduling
o Resource allocation
o Monitoring
o Control processes Figure 1.1: Traditional project lifecycle
- Termination
Project planning considers many elements:
- Gives an overview of the project
- Defines the objectives and scope
- Defines the general approach
- Defines contractual aspects between involved Figure 1.2: Project lifecycle with increasing
marginal return
parties
- Details scheduling
- Allocates resources & personnel
- Defines risk management plans
- Defines evaluation methods
To develop a budget for a project one must consider the following things:
- What will be needed? How much labour and material are needed?
- How much will these materials and this labour cost?
- When will these materials and this labour be needed?
2
