Lecture notes
Foundations of Project Management - The 3 Ps
- Institution
- University Of Cumbria
These notes introduce the topic of Project Management with some fundamental points on projects, programmes and portfolio.
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A project is a co-ordinated set of tasks that together create a defined new product, process,or service, within a constrained time and resource budget.
Project Management is the set of tools, processes, and skills that we bring to finding the
best way to deliver what we have been charged to deliver within the constraints that we
have been set to and the deadlines that are required by us.
The Triangle of Project Management: Getting things done (tools, technologies,
methodologies), Personal Skills (attitudes, leadership, influence, resilience, curiosity), Being
Organised (systems, processes, procedures).
What is Project Management?
Getting things done
“Masterpiece of planning and management”
A carefully choreographed series of events, one step leads seamlessly to the next
Every outcome considered
Is virtually invisible, is the absence of failure
Projects and Business as Usual
A project is a unique, transient endeavour, undertaken to bring about change and achieve
planned objectives (BoK6 and BoK7 definition)
Business as usual (BAU) is what businesses and organisations do on a day to day basis, how
they generate their income or fulfil their purpose.
Projects:
Are unique, transient endeavours
Have a temporary team – including a PM
Manage to an agreed budget for the duration of the project
Have more risk compared to BAU
Are undertaken to bring about a change/new outcome
Deliver outputs/products
BAU:
Is repetitive and on-going
Has an established team – with established leader
Manage typically to an annual agreed budget for department
Has much lower risk than a project
Is normally managed using established processes
Uses project’s outputs to create benefits for the organisation
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