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What is a “Project”
Is Temporary
Definite Start
1
Is Temporary
Definite End
Has a Specific
Objective
2
3 Has a “Customer” and
Stakeholders
3
Stakeholders
Internal Stakeholders
Employees
Manager
Owners
External Stakeholders
Suppliers
Society
Government
Creditors
Customers
NE with an Interest in the
Has Constraints
Time
Cost
Scope
4
Has Constraints
Time
Cost
Scope
4
Has metrics for Success5
$0.00
$1,250.00
$2,500.00
$3,750.00
$5,000.00
0 Week 1 Week 2 Week 3
PV AC EV
SV= -$507CV= -$933
$3000
SPI = 0.80
$2574 $2,067
CPI = 0.69
BAC (Project Total PV) = $4,134
0.69
5
6

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What is a project?

Editor's Notes

  1. Most work that we do can either be operational or project work. They are related https://pixabay.com/en/question-mark-concept-white-sign-213671/
  2. A Beginning https://pixabay.com/en/safety-information-warning-machine-44486/
  3. An End https://pixabay.com/en/end-guy-cinema-strip-movie-film-139848/
  4. A Specific Objective: unique product, service, or result https://pixabay.com/en/bull-s-eye-target-butt-object-aim-147729/
  5. http://www.freegreatpicture.com/business-class-people/business-people-28663
  6. Has specific time, cost, and (Scope) performance requirements.
  7. Has specific time, cost, and (Scope) performance requirements.
  8. We have to make a trade off between expending time and resources to measure progress vs. accuracy. Luckily there are some guidelines that we can use. https://pixabay.com/en/centimeter-equipment-inch-inches-15656/
  9. Estimated cost to complete remaining work
  10. Has to be monitored and controlled. Adjustments need to be made. Changes need to be implemented and problems with occur, some of which are hard to predict.