Effective project management is necessary for any business endeavor from sales and marketing; to product design and manufacturing we will require project management. Project management is required to deliver the results of our organization, whether that is a manufacturing concern or a product development enterprise or both. In fact, the larger or more distributed or disperse the scope or participants, the more you will need project management skills.
Supply Chain Management
Projects often require purchasing of material and expertise from another organization. This requires identifying needs, making plans for fulfilling that need and working through the acquisition process along with closing out the contracts at the conclusion of the project. All of these are necessary to some degree for any outsourced material or work that is conducted on behalf of the project.
Distributed project teams and increasing project complexities require strong communications both written and verbal skills. Experience suggests poor communication can make coordinating the effort to achieve the project objectives. Every other management area is connected with communications management and the measure of communications efficacy is also the degree of success of the project.
People are not fungible, that is they are not drop in replacements for each other but are unique sets of talent and motivation. Projects are conducted by people, and as such the selection of the optimum talent and motivation improves the probability of project success. To do this and understanding of the skills and talent required for this unique project is necessary. Next step is the acquisition and development of the team; building upon the existing competency and moving a collection of individuals into a true team. To build requires understanding present performance (measurements), prioritization of what attributes matter for the project, and work to increase the team member’s ability regarding the attribute.
Scope Management is a subset of project management required to discover and articulate the reason for the project. This is integral to the project success, but since the project success is connected to the organization or business success, these two are inextricably linked.
Quality Management is a subset of project management associated with planning to project to deliver the expected level of quality from both the product and project. This area encompasses planning, quality assurance, and quality control actions throughout the project lifecycle.
Project financial management begins when with an understanding the business case for the project. To be effective requires accurate estimates of what is required to bring the project to a successful conclusion. Budgets are then created, managed and controlled; otherwise, the business case for the project would be ruined and become a loss for the company.
Project Time Management is a subset of project management with identifying and describing the range of work that must be done to achieve the project scope. This intern will be used to estimate and develop the project schedule as well as metrics for success of the individual work items and to set up ways in which the schedule will be controlled.
Risk Management is a subset of project management and is essential to optimizing the project toward success. Risk management is concerned with the probability and severity of events that will come to pass during our project and the measure of ability to control these situations.
Integration management consists of a set of processes that coordinates the work among the individual process areas, for example, reducing scope to meet the financial objectives of the project. This balance is contained in project planning documents such as the charter, and how we intend to manage the project keeping this balance in mind.
Projects involve people. All the people touched by a particular project are called Stakeholders. Examples of Stakeholders: the client, the company executives, the project team members, suppliers, and the end users. Each Stakeholder has expectations, requirements, and visions for the project. The Project Manager has to manage each individual’s requirements as well as the group as a whole. Accurate Stakeholder Management is a critical step to Project Success.
Project management – are a collection of management processes and knowledge areas that are employed by the project manager to deliver the expected results for the organization; scope, schedule, and cost. Project management is a collection of technical, management and soft skills.
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- Book excerpt: ‘Project management of complex and embedded systems’
- Media for the Mobile and Frequent Traveler
- When Words Collide
- Sunk Cost and Project Risk
- PD&D Hope is not a Productive Project Method
- PD&D Project Development and the Learning Organization
- Pannam Imaging; New Product Development Challenges
- Project Management (PMI); Systematic Risk Register
- Project Management (PMI); Project Task Duration Estimation and Scheduling
- Project Management (PMI); Project Management and the Learning Organization
- DevOps.Com; 7 Causes of Continuous Delirium
- Mavinlink; What Keeps Even the Best Project Leaders Awake at Night?
- PM2Go; Numerous blog posts.
- PD&D; Efficacy of Globalization Is Contingent on Quality of Global Teaming
- PMI Task Duration and Estimation and Scheduling
- PMI Hope Project Management
- When Words Collide – PD&D
- PMI WBS Building Blocks of Sound Project Management
- PMI Systematic Risk Register
- Smart Sheet, Statement of Work
- Journik Optimizing Project Management and Business
- Software Advice Project Management
- Risk and Project Sunk Cost
- What keeps even the best project leaders awake at night
- When Words Collide – Manufacturing.net
- 10 Best Project Management Books you Should Read in 2018 – Filestage
- Mavinlink; Opening the door: 10 predictions on the Future of Project Management
- Assorted contributions to PM2Go for the Standish Group
- Getting Started with ISO Standard for Project Management ISO 21500:2012
- What Would I Tell a Junior Project Manager?
- Thoughts on Risk Management at Learn.G2
- A Step-By-Step Process for Making the Right Business Decisions
- 50+ Warning Signs of a Bad Boss or Manager – Upjourney
- Something Matter More than Others
- Law of Diminishing Returns
- Risk, What could go wrong?
Work Breakdown Structure (WBS)
This is a brief video demonstrating the use of the Work Breakdown Structure (WBS) for a project. This video shows the use of a tool called WBS Planner. The WBS is the starting point of project management and helps identify all work required to meet the project scope, as well as facilitate in discovering the talents required for the project.
Risk Using A FMEA Approach
This video demonstrates the use of the Failure Mode Effects Analysis (FMEA) applied to risk management. The tool is downloadable in the download area.
Risk Management Class
This video describes an introduction to risk management class that Value Transformation offers.
Published on Jan 29, 2019
SAE Risk through the Product Development Cycle