Influence on Project Management

In Previous article we have covered key components useful in Project Monitoring and controlling about Work Performance data, Work Performance Information and Work Performance Reports, please click here to view the previous article.

In this article we shall cover about factors that influence project management these are Enterprise Environmental Factors(EEF), Organization Process Assets(OPA) and Organizational Systems.

Organization Process Asset (OPA): is the plans, processes, policies, procedures, and knowledge bases specific to and is used by the performing organization. This is an Asset, that will always help organization positively.

OPA is further breaks down into main two

• Process, Policies e.g Quality policies and procedures, templates, guidelines, and tailoring.
• Knowledge base e.g. Lessons learned.

Enterprise environmental factor (EEF) : this refers to conditions, not under the control of the project team that influence or direct the project. These are the Factors which can affect the organization in positively or negatively.

EEF further divided into two categories

• Internal e.g. Organizational Culture, Infra, Geo distribution,
• External e.g. Market condition, Legal restrictions, financial considerations.

Organizational System: it determines power, competence, interests and political capabilities of people. this is further broken down into 3 categories.

• Management Elements
• Governance Framework and
• Organizational Structure types (this is defined based on Project Mangers Authority).

Hope this information helps!

In next blogs, shall continue with Project Management framework about PMI’s Process Framework, this is critical section to understand and clear PMP.

————————————–

for queries, suggestions, feedback contact on

email :bipinparshottam@gmail.com

skype: bipin.pankhania

or Write comment!

 

Project Management Flow, Data and Information

In Previous article, we covered Project Development Life Cycle.Types of Project Development Life Cycle In this article we shall cover about Project Management flow, in this we shall cover about

• Work Performance Data
• Work Performance Information and
• Work Performance Reports.

Through Monitoring and Controlling part of project management, one can make out if the project is on track. For this we need status and progress reports of the project, these are called Work Performance Reports. Stakeholders are always interested to understand in Work Performance Reports which provides information about project health.

Examples of Work Performance Reports include status reports, progress reports, trends report, earned value report, variance report, etc.

Format of Work Performance Report may be Burn Down charts, Bar Charts, histogram etc.

Work performance data is the raw data identified during execution activities.
It is current status of various project parameters, like how much work is completed, how much time has elapsed,
and the cost so far.

Work performance information is the information that we derive with the help of work performance data; e.g. planned status, cost prediction etc.

So, main use of Work Performance Data and Information is to prepare Work Performance report, which can be communicated to stakeholders (Project team is an example of stakeholder).

Hope this information helps!

In next blogs, shall continue with Project Management framework (try to focus on Influence on Project Managment).

————————————–

for queries, suggestions, feedback contact on

email :bipinparshottam@gmail.com

skype: bipin.pankhania

or Write comment!

 

 

Project life cycle vs. Product life cycle (PMP)

In Previous article we covered about Portfolio, Programs and Projects. In this article we shall go through the difference between Project Life Cycle and Product Life Cycle.

Project is subset of Product. Product can have multiple projects within.

Project Life Cycle:

• It is collection of phases project undergoes from beginning to end (Initiation, Planning, Execution, Monitoring and Controlling, Closing)
• It depends on organization’s need and preference, that is defined in Project Execution Methodology (Scrum, Kanban, Agile, Waterfall etc.).

Product Life Cycle:

• It is the process a product goes through from when it is first introduced into the market until it declines or is removed from the market.
• It can be long and it includes multiple Projects throughout its life.

Key variables need to understand during this process is Stakeholder’s influence vs Cost.

Stakeholder influence and Cost of Project is highest at the start, while cost of changes or correction of errors is the highest nearing the end of the project.

————————————–

for queries, suggestions, feedback contact on

email :bipinparshottam@gmail.com

skype: bipin.pankhania

or Write comment!

Portfolio, Programs and Projects (PMP)

In Previous article we covered about Project Management Overview in this article we shall covert about Portfolio, Programs and Projects.

Portfolio: from the diagram it is visible, portfolio is a collection of programs, sub portfolios and project managed as a group to achieve strategic objectives of an organization.

• Projects and Programs of portfolio may not be interdependent.
• A portfolio can be based on business objectives of an organization. E.g. for an IT company projects for Norwegian companies – to focus on Norwegian region or Automotive Portfolio to focus on Automotive sector.

Portfolio management refers to centralized management of one or more portfolios to achieve business and strategic objectives.

Program is a group of Projects, Operations, other work managed in coordinated way to obtain benefits which are not available via managing them individually.

• Programs are designed to deliver strategic benefits to the company this includes tangible ( increasing top line business) or intangible (improving work-life balance for the employees)
• Group of projects can be classified in Program when they add value by managing them together.

Program management is application of knowledge, skills, tools and technique to achieve program objectives which can not be achieved by managing them individually.

for definition of Project and Project Management please refer my previous articles.

In next blogs, will continue with Project Management framework.

————————————–

for queries, suggestions, feedback contact on

email :bipinparshottam@gmail.com

skype: bipin.pankhania

or Write comment!

Project Management Overview (PMP)

In previous article we covered Project Introduction,in this article we will cover details about Project Management, here we will cover

• Project Management Definition as per PMI
• Project Management Methodology
• Value of Project Management.

Project Management Definition: Project Management is application of knowledge, skills, tools and techniques to meet project requirement. It is achieved through application of appropriate Project Management Process  identified for the project, with this Organization can execute project effectively and efficiently.

Project Management Methodology:

Project Management Methodology Follows(Click here for detailed Article)

• 5 Process Groups (Initiation, Planning, Execution, Monitoring and Controlling, Closing)
• 10 Knowledge Areas (I, S, S, C, Q, R, C, R, P, S)
• 49 Processes

Project Management Methodology incorporates, Standard documentation, Standard Processes and approaches.

and it applies across Industries e.g. IT, Telecom, Oil and Gas etc.

Value of Project Management:

In next blogs, will continue with Project Management framework.

————————————–

for queries, suggestions, feedback contact on

email :bipinparshottam@gmail.com

skype: bipin.pankhania

or Write comment!