highschool/Project Management.md

Project Management

Learning Goals:
\(`*`\) Learn the stages in Project Management
\(`*`\) Apply it to a real project

What is a Project:
- According to the Project Management Body of Knowledge (PMBOK), a project is a temporary endeavour undertaken to create a unique product, service or result. - Temporary means that every project has a definite beginning and end

What is Project Management?

\(`*`\) According to PMBOK, project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements
\(`*`\) Project management is accomplished through the application of several project management processes
\(`*`\) Initiating
\(`*`\) Planning
\(`*`\) Executing
\(`*`\) Monitoring
\(`*`\) Controlling
\(`*`\) Closing
\(`*`\) Traditionally, project management includes a number of elements: four to five proces groups, and a control system.

Process Groups:
\(`1.`\) Initiation
\(`2.`\) Planning or development
\(`3.`\) Product or execution
\(`4.`\) Monitoring and controlling
\(`5.`\) Closing

Initiation:
The initiation process determine that nature and scope of the project. This stage shouldinclude a plan that encompasses the following areas:
\(`*`\) Analyze the needs of the buisness in measurable goals
\(`*`\) Financial analysis of the costs and benefits include a budget
\(`*`\) Project charter including costs, tasks, deliverables and schedule

Scope: The products, services and results to be provided as a project

Requirement: A condition or capability that must be met or processed by a system, product, service, result or component to satisfy a contract or specification

Budget: The approved estimate for the project or any work or any scheduled activity

Project Charter: A document that formally authorizes the project, the initial scope and the resources that the organization is willing to invest in.

Resource: Material that is used inorder to complete the project. Eg, skilled human resource, equipment, services, supplies, materials, etc.

Planning and Design:
Plan the time, cost and resources adequately to estimat teh work needd. Effectively manage risk during project execution. Failure to adequately plan greatly reduces the project’s chance of successfully accomplishing its goals. This section also consists of:
\(`*`\) Determining how to plan
\(`*`\) Developing scope statement
\(`*`\) Selecting planning team

Identifying the deliverables and creating the work breakdown structure, identifying the activies needed to complete those deliverables and netwokring the activies in their logical sequence. Estimating the resource requirements, time and cost, budget, developing the schedule, risk planning and gaining formal approval.

Executing:
Executing portion consists of the processes used to complete the work defined in the project management plan to accomplish the project’s requirements. It also involves coordinating people and resources. Deliverables are produced as outputs from the processes performed as defined in the project management plan.