General

Overview of

Project

Management

PROJECT MANAGEMENT

Developed by Elizaveta Markovskaya, associate professor, Phd (Economics)

Key Topics

•What is a Project?

•Projects’ Classification

•What is a Project Management?

•Project Phases and Project Life Cycle

•Project Stakeholders

What is a Project?

•Project is a temporary process (activity) undertaken to create a unique product or service.

•Temporary means that every project has a definite beginning and a definite end.

•Unique means that the product or service is different in some way from all similar products or services.

Examples

•Developing a new product, service

•Implementing a new business procedure or process

•Constructing a building

•Implementing a new course in University

•Developing a new information system

Do you know these projects?

Do you know these projects?

Classification of Projects

• Volume of investments:

- Big projects (more than $500 mln )

- Medium projects (no more than $500 mln ) - Small projects (no more than $ 1 mln )

• Duration

- Long-term (more than 5 years)

- Short-term (no more than 5 years) - Medium (1-5 years)

• Structure

- With foreign partners

- National projects without foreign investors

Classification of Projects

What is Project Management (PM)?

•PM – is the application of knowledge , skills,

Relationship to Other Management

Disciplines

• General Management :

-Planning

-Organizing

-Staffing

-Executing

-Controlling

-Supporting disciplines (computer programming, law, statistics, probability theory, logistics, personnel)