University:
American Baptist College
Course:
CIT330 | Project Management
Academic year:

2023
Views:

203

Pages:

1
Author:

rezancuk2j

Project management Lecture 1: Introduction Project Def: a temporary endure, designed to produce a unique product/ service. Characteristics: A project is unique, clear goal, temporary, specified duration, quality, teamwork and creates change. A project goes through various of phases during the execution process. The stages are: defining, planning, executing and closure. All these stages have different stages within. Goals are smart in projects, but we must be realistic. Also, plans are not good except if you execute them. Control variables: There is a need for constant monitoring, during the project executions. Checking on control variables of the project which includes: A) Quality: features and performance B) Cost: resources C) Scope of work: boundaries of a project including its goals, deliverables and deadlines D) Time: period Types of projects Organisation level categorization Strategic, tactical and operational. Type of project Strategic tactical Operative duration 2-3 years 1-2 years 1 year and below complexity high medium low Project stakeholders     Are not isolated from people Various organizations and people are involved These are called stakeholders Categories of stakeholders are various The most important step is to figure out any possible risks/ events before it occurs. We can use pre-study and pre-project to see/ determine. Pre-study: feasibility analysis conducted to evaluate the idea. Done immediately after conceptualization of the idea. Pre-project: uses outcome of pre-study to justify profitability of a project  Also an opportunity to analyse costs as well as other financial implications associated with projects.