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niversity The project management knowledge areas ? Project integration management: project plan development, project plan execution, overall change control ? Project scope management: initiation, scope planning, scope definition, scope verification, scope change control ? Project time management: activity definition, activity sequencing, activity duration estimating, schedule development, schedule control ? Project cost management: resources planning, cost estimating, cost budgeting, cost control Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University ? Project quality management: Quality planning, quality assurance, quality control ? Project human resource management: anizational planning, staff acquisition, team development ? Project munication management: munication planning, information distribution, performance reporting, administrative closure ? Project risk management: risk identification, risk quantification, risk response development, risk response control ? Project Procurement management: procurement planning, solicitation planning, solicitation, source selection, contract administration, contract closeout. Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University ? The project manager is expected to integrate all aspects of the project,ensure that the proper knowledge and resources are available when and where needed, and above all, ensure that the expected results are produced in a timely, costeffective manager is a supermanager. PMI: founded at 1969 PMBOK: 1987, 1996, 2020 Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University ? Project management helps anizations meet their customers’ need by standardizing routine tasks and reducing the number of tasks that could potentially be fotten. Project management ensures that available resources are used in most effective and efficient manner. Project management provides senior executives insight into “what is happening” and “where things are going” within their anization. Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University ? Many . Around the world such as NASA, IBM, ATamp。M, Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University ? Project stakeholders and conflict ? Individuals or anizations who are actively involved in the project, or whose interest may be positively or negatively affected as a result of project execution or successful project pletion. ? They include: project manager, customers, performing anization, sponsor, suppliers and contractors, team members and their families, government agency, lobbying anizations etc ? the stakeholders often have very different objectives that may e into conflict. Examples: the owner of real estate development project, local governing body, environment group, nearby residents…... Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University The project life cycle ? % of project pletion: ? Slow startQuick momentumSlow finish(, ) ? 100 Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University ? Project life cycle(): ? Conception ? Selection ? Planning, scheduling, monitoring, control ? Evaluation and termination ? Examples of Project life cycle: see PMBOK 1996, p. 1316, Fig,22, 23, 24, 25. Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University ? Level of effort ? ? peak effort level ? conception selection planningcontrol evaluation and termination Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University ? Uncertainty of the project cost at specific points in time ? cost ? t time Nov., 2020 Wanjun Jiang, Guanghua School of Management, Peking University 3 What is project management ? Project management is the application of knowledge,skills, tools and techniques to a broad range of activities in order to meet or exceed stakeholder needs and expectations from a project. This will involve balancing peting demands among: ? Scope, time, cost, and quality。 implementation plans23%。 training and monitoring38%。 A survey of what was missing in PM process