Key Concepts of Project Management

Brief overview using easy to understand analogies

Compiled By: Jaiveer Singh, PMP

Project Feasibility - Illusion or Reality

Scheduling is ModelingScheduling is Modeling

– Moving From the Unknown to the Known

Progressive elaboration, is defined by PMBOK*as

“continuously improving and detailing a plan as more detailed and specific information and more accurate estimates become available as the project progresses, and thereby producing more accurate and complete plans that result from the successive iterations of the planning process”.

Progressive ElaborationProgressive Elaboration

Understand Project Landscape

The Tip of the Ice Berg

Identify Project Hidden Challenges

Few Common Project Challenges

Panoramic Project Planning

How many times have you heard about looking at the “big picture”?

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Taking in the full panorama of the landscape during a project planning phase could not only help you plan a better project, but it could flush out some key details that could be lurking just off camera, especially the ones that may not have hit you until just before “Go Live”.

Understand Project Activities Network

The Living Project Schedule

• Project planning isn’t just an activity for the start of the project--the project plan must be a living, evolving document that is updated and changed on a regular basis.

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Project Planning for Project Planning for BeginnersBeginners

• The good project manager involves their team in project planning...the great one teaches them how.

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Identify & Mitigate RisksIdentify & Mitigate Risks

• Hidden traps often come from surprising sources, resulting in project delays or funding shortfalls. It is critical to identify all the risks up front, establish mitigation strategies and allocate ample time and budget to overcome any hurdles. How? Through effective planning, of course!

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Pulse check: Assess the burn rate. Are you eating up budget faster than you anticipated? What is the new estimated total cost?

Blood pressure: Perform a risk assessment, in terms of what could happen between now and the go live date to cause a significant incident. Various frameworks exist for this assessment. The Six Sigma FMEA (Failure Mode and Effect Analysis) template can be modified to suit your needs here, giving you an objective framework for assessing all possible places where your solution could fail, and steering your future corrective actions toward those that have both the highest likelihood of occurrence and greatest criticality.

Temperature: Create a heat sheet (red yellow green) with respect to key milestones. This should be part of your regular status report, along with some basic trending.

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Project DiagnosisProject Diagnosis

Compiled by:

www.singhjaiveer.blogspot.com

www.project-management-practice.blogspot.com

@ singhjaiveer

A practitioner of Analytics, Productivity, Information Modelling, Enterprise Project\Program\Portfolio Management & Execution Management.

Project Management Trainer focusing on MS Excel, MS Project and MS EPM product to improve productivity of management community.

Working as Project/Program & Portfolio manager for large IT projects http://www.slideshare.net/Jaiveer

Jaiveer Singh, PMP