PMP-Basics You Need To Know: By: Pradeep Patel PMP
PMP-Basics You Need To Know: By: Pradeep Patel PMP
PMP-Basics You Need To Know: By: Pradeep Patel PMP
know
By: Pradeep
Patel PMP
What is a Project
A project is a temporary endeavor undertaken to create a unique product or service.
Temporarymeans that every project has a definite beginning and a definite end.
Unique means that the product or service is different in some distinguishing way from all other
products or services.
Additional features that a project exhibits:
A project phase has deliverables.
These deliverables are spanned across various stages that every project goes through, namely
Initiating, planning, executing, monitoring and Control and finally Closing.
TRIPLE Constraints
Time
Cost
Scope
These three are called triple constraints as the project whole purpose of project management
revolves around these three.
These constraints are very tightly linked with each other, If one is altered, other two gets affected.
If the Scope of deliverables increases, the associated cost and time are bound to increase.
Alternatively, if Time is a constraint ,Scope of deliverables will be reduced, that will result in
decreased costs.
Basic Terminologies
Fast Tracking
Fast tracking means doing project phases in Parallel(rather than following Sequential
Processes approach).
Crashing: This is the approach in which additional resources are added to the project
to finish it on schedule. A corporate joke Project manager is a person who thinks 9
ladies can produce a baby in one month could have its roots from this .
Progressive Elaboration:
Move toward the project plan in incremental steps as the ideas about the final product
are refined and more and more information about the requirements is made available in
a progressive fashion.
Types of Progressive elaborations
Rolling Wave Planning/ Moving Window planning :
Planning the project progress as things make clear, while doing the work. In this
approach there can be repetitive project phases inside a project phase.
Consider an example, where scope of work is not clear in the beginning. We plan and
start the work, once we are inching towards the end of the phase, things become more
clear and we plan upcoming work and repeat the cycle again.
Prototypes: a Tangible working model or Mock up is created initially, on which
feedback is taken and, it is on this prototype that the further additions are made.
Organization
Structure
Functional
Matrix
Projectized
Project
managers
authority
None to low
Low to high
High to full
Project
Part-time
managers role
Part-time to fulltime
Full-time
Project
management
administrative
staf
Part-time to fulltime
Full-time
None to parttime
Project
Functional
Manager
manager project
manager, or both
Matrix organizations are further classified as Weak Matrix and Strong Matrix and Balanced
manager
Project budget
controlled by
Functional
manager
Matrix.
Weak matrix exhibits features of Functional organization while strong Matrix is inclined
towards Projectized organization. Balanced Matrix has mixed features of both Functional and
Projectized organization.
Organizational Structures
Organization
Types
Functional
Authority
PE/PC
FH
Team Reports
To
FH
Projectized
PM
PM
---------
Weak Matrix
FH
FH
PE &PC
PM& FH
----------
PM &FH
-----------
Balanced Matrix
Strong Matrix
FH=PM
PM
PE/PC
Stakeholders
Stakeholder, in simple terms is any one with an interest or impact on
your organization or Project or Business.
Going by the above definition, stakeholders can be categorized into
Corporate stakeholders
Project Stakeholders
Thank You!
For Any Queries/Suggestions
Please mail me at :
[email protected]
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