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Lecture Project management: A managerial approach – Chapter 1: Projects in contemporary organizations

After studying this chapter you will be able to understand: What is a project? The importance of project management, comparison of routine work with projects, the challenge of project managementproject management today - an integrative approach,. | Chapter 1 Projects in Contemporary Organizations 1- Introduction Rapid growth in project management In the past, most projects were external Building a new skyscraper New ad campaign Launching a rocket Growth lately is in internal projects Developing a new product Opening a new branch Improving the services provided 1- How Project Management Developed Historical projects Tower of Babel Egyptian pyramids Great Wall of China The Manhattan Project Modern credit for the development of project management goes to the military Navy’s Polaris program NASA’s Apollo space program Development of “smart bombs” and “missiles” How Project Management Developed Project management has found wide acceptance in industry It has many applications outside of construction Managing legal cases Managing new product releases 1- 1- Projects Tend to be Large Projects tend to be large The Channel Tunnel, or Chunnel Denver International Airport Panama Canal expansion project Three Gorges Dam, China | Chapter 1 Projects in Contemporary Organizations 1- Introduction Rapid growth in project management In the past, most projects were external Building a new skyscraper New ad campaign Launching a rocket Growth lately is in internal projects Developing a new product Opening a new branch Improving the services provided 1- How Project Management Developed Historical projects Tower of Babel Egyptian pyramids Great Wall of China The Manhattan Project Modern credit for the development of project management goes to the military Navy’s Polaris program NASA’s Apollo space program Development of “smart bombs” and “missiles” How Project Management Developed Project management has found wide acceptance in industry It has many applications outside of construction Managing legal cases Managing new product releases 1- 1- Projects Tend to be Large Projects tend to be large The Channel Tunnel, or Chunnel Denver International Airport Panama Canal expansion project Three Gorges Dam, China Projects are getting larger over time Flying: balloons planes jets rockets reusable rockets The more we can do, the more we try to do 1- Project Management Also Getting Smaller More people are seeing the advantages of project management techniques The tools have become cheaper The techniques are becoming more widely taught and written about 1- Three Project Objectives: The “Triple Constraint” Time Cost Scope Time, cost, and performance are all related to a project 1- Direct Project Goals: Scope, Cost, Time 1- The Definition of a “Project” A temporary endeavor undertaken to create a unique product, service, or result Modern project management began with the Manhattan Project In its early days, project management was used mainly for large complex projects As the tools and techniques were developed, the use of project organization began to spread 1- Major Characteristics of a Project Three main Unique One-time occurrence Finite duration Other Interdependencies