Слайд 2
Learning Objectives
Describe an overall framework for project integration
management
Explain the strategic planning process
Explain the importance
of creating a project charter to formally initiate projects
Describe preliminary project scope statement
Describe project management plan development
Explain project execution and its relationship to project planning
Слайд 3
Learning Objectives (continued)
Describe the process of monitoring and
controlling project work
Understand the integrated change control process
Explain the
importance of developing and following good procedures for closing projects
Слайд 4
The Key to Overall Project Success: Good Project
Integration Management
Project managers must coordinate all of the other
knowledge areas throughout a project’s life cycle
Look at the “big picture” and not focus on too many details
Project integration management is not the same thing as software integration
Слайд 5
Integration Management
Includes the processes and activities to identify,
define, combine, unify, and coordinate the various processes and
project management activities within the Project Management Process Groups
Includes characteristics of unification, consolidation, communication, and integrative actions that are crucial to controlled project execution through completion, successfully managing stakeholder expectations, and meeting requirements.
Includes making choices about resource allocation, making trade-offs among competing objectives and managing interdependencies among the project management Knowledge Areas
Слайд 6
Project Integration Management Processes
Develop project charter: working with
stakeholders to create the document that formally authorizes a
project—the charter
Develop project management plan: coordinating all planning efforts to create a consistent, coherent document—the project management plan
Direct and manage project execution: carrying out the project management plan by performing the activities included in it
Слайд 7
Project Integration Management Processes (continued)
Monitor and control project
work: overseeing project work to meet the performance objectives
of the project
Perform integrated change control: coordinating changes that affect the project’s deliverables and organizational process assets
Close project or phase: finalizing all project activities to formally close the project or phase
Слайд 9
Develop Project Charter
Working with stakeholders to create the
document that formally authorizes a project—the charter
Project statement of
work (SOW) is a narrative description of products, services, or results to be delivered by a project
Business need: Organization’s business need
Product scope description: documents the characteristics of the product, service, or results
Strategic Plan: documents the organization’s strategic vision, goals, and objectives
Слайд 10
Project Charter - Input
Agreements: Contracts, MOU’s, SLA, LOI,
Email
Enterprise Environmental Factors:
Government standards, industry standards, or regulations
Organizational culture
and structure, management practices, and sustainability
Project Management Information System
Personnel administration (hiring and termination guidelines, reviews, training records)
Marketplace conditions
Organizational Process Assets:
Organizational standard processes, policies, and process definitions,
Standard templates,
Historical information and lessons learned knowledge base
Project files from previous projects
Слайд 11
Project Charter – T&T
Expert Judgement:
Consultants, Stakeholders, Industry
Groups, SME, PMO
Facilitations Techniques:
Brainstorming, Conflict Resolution, Problem Solving, and
Meeting Management
Слайд 12
Project Charter – Output
The project charter is the
document issued by the project initiator or sponsor that
formally authorizes the existence of a project
It provides the project manager with the authority to apply organizational resources to project activities
If there is no project charter, the project does not exist
Project Charter contains:
Project Purpose or justification
Measurable project objectives and related success criteria
High-level requirements
Assumptions and constraints
High-level project description and boundaries
High-level risks
Summary milestone schedule
Summary budget
Stakeholder list
Слайд 13
Develop Project Management Plans
A project management plan: document
used to coordinate all project planning documents and help
guide a project’s execution and control
Plans created in the other knowledge areas are subsidiary parts of the overall project management plan
Слайд 14
Develop Project Management Plans
Common Elements of a Project
Management Plan
Introduction or overview of the project
Description of how
the project is organized
Management and technical processes used on the project
Work to be done, schedule, and budget information
Слайд 15
Direct and Manage Project Work
Process of leading and
performing the work defined in the project management plan
and implementing approved changes to achieve the project’s objectives
Слайд 16
Direct and Manage Project Work
Activities include:
Perform activities to
accomplish project objectives;
Create project deliverables to meet the planned
project work;
Provide, train, and manage the team members assigned to the project;
Obtain, manage, and use resources including materials, tools, equipment, and facilities;
Implement the planned methods and standards;
Establish and manage project communication channels, both external and internal to the project team;
Слайд 17
Direct and Manage Project Work
Activities include:
Generate work performance
data
Issue change requests and implement approved changes;
Manage risks and
implement risk response activities;
Manage sellers and suppliers;
Manage stakeholders and their engagement; and
Collect and document lessons learned and implement approved process improvement activities
Слайд 18
Direct and Manage Project Work
Also requires review of
the impact of all project changes and the implementation
of approved changes:
Corrective action: An intentional activity that realigns the performance of the project work
Preventive action: An intentional activity that ensures the future performance of the project work
Defect repair: An intentional activity to modify a nonconforming product or product component
Слайд 19
Monitoring and Controlling Project Work
Changes are inevitable on
most projects, so it’s important to develop and follow
a process to monitor and control changes
Monitoring project work includes collecting, measuring, and disseminating performance information
A baseline is the approved project management plan plus approved changes
Слайд 20
Monitor and Control Project Work
Analytical technique
Regression analysis; Root
cause analysis; Reserve analysis; trend analysis; Earned value management;
Variance analysis
Слайд 21
Integrated Change Control
Three main objectives are:
Influencing the factors
that create changes to ensure that changes are beneficial
Determining
that a change has occurred
Managing actual changes as they occur
Слайд 22
Change Control on Information Technology Projects
Former view: the
project team should strive to do exactly what was
planned on time and within budget
Problem: stakeholders rarely agreed up-front on the project scope, and time and cost estimates were inaccurate
Modern view: project management is a process of constant communication and negotiation
Solution: changes are often beneficial, and the project team should plan for them
Слайд 23
Change Control System
A formal, documented process that describes
when and how official project documents and work may
be changed
Describes who is authorized to make changes and how to make them
Слайд 24
Change Control Board (CCB)
A formal group of people
responsible for approving or rejecting changes on a project
CCBs
provide guidelines for preparing change requests, evaluate change requests, and manage the implementation of approved changes
Includes stakeholders from the entire organization
Слайд 25
Making Timely Changes
Some CCBs only meet occasionally, so
it may take too long for changes to occur
Some
organizations have policies in place for time-sensitive changes
“48-hour policy” allows project team members to make decisions; then they have 48 hours to reverse the decision pending senior management approval
Delegate changes to the lowest level possible, but keep everyone informed of changes
Слайд 26
Closing Projects and Phases
To close a project or
phase, you must finalize all activities and transfer the
completed or cancelled work to the appropriate people
Main outputs include:
Final product, service, or result transition
Organizational process asset updates
Слайд 27
Summary
Project integration management involves coordinating all of the
other knowledge areas throughout a project’s life cycle
Main processes
include:
Develop project charter
Develop project management plan
Direct and manage project work
Monitor and control project work
Perform integrated change control
Close project or phase
Слайд 28
Financial Analysis of Projects
Financial considerations are often an
important consideration in selecting projects
Three primary methods for determining
the projected financial value of projects:
Net present value (NPV) analysis
Return on investment (ROI)
Payback analysis
Слайд 29
Net Present Value Analysis
Net present value (NPV) analysis
is a method of calculating the expected net monetary
gain or loss from a project by discounting all expected future cash inflows and outflows to the present point in time
Projects with a positive NPV should be considered if financial value is a key criterion
The higher the NPV, the better
Слайд 31
JWD Consulting NPV Example
Note: See the template
called business_case_financials.xls
Слайд 32
Return on Investment
Return on investment (ROI) is calculated
by subtracting the project costs from the benefits and
then dividing by the costs
ROI = (total discounted benefits - total discounted costs) / discounted costs
The higher the ROI, the better
Many organizations have a required rate of return or minimum acceptable rate of return on investment for projects
Internal rate of return (IRR) can by calculated by finding the discount rate that makes the NPV equal to zero