EME 01 Effective Project Management

what is a project

definition:

Defining a Project

A project is a sequence of unique, complex, and connected activities having one goal or purpose and that must be completed by a specific time, within budget, and according to specification.

A Business-focused Definition:

A project is a sequence of finite dependent activities whose successful completion results in the delivery of the expected business value that validated doing the project.

the project landscape:

solution

goal

	clear	not clear
clear	Traditional Projects(Q1)	Agile Projects(Q2)
not clear	Emertxe Projects(Q4)	Extreme Project(Q3)

 

Program:

A program is a collection of related projects that share a common goal or purpose.

Portfolio:

A portfolio is a collection of projects that share some common link to one another.

For example:

• Same business unit
• New product development projects
• R & D projects
• Maintenance projects
• Process improvement projects
• Staffed from the same resource pool
• Same budget

the Scope Triangle:

sides:  time, cost, resourse availablility

The lengths of the three sides exactly bound scope and quality.

Prioritizing the Scope Triangle:

time > resourse availablility > quality > scope > cost (Flexible)

Classification rules

A classification rule can help you choose that suitable approach.

by Project Characteristics

• Risk
• Business Value
• Duration
• Complexity
• Technology used
• Number of departments affected
• Cost

by Project Application

• Installing software
• Recruiting and hiring
• Setting up a hardware system in a field office
• Soliciting, evaluating, and selecting vendors
• Updating a corporate procedure
• Developing application systems