Diploma in Management amp Leadership Level 5

Week- 2Principles of project management

By Anjum Sattar

Email anjumsattaryahoocom

Apr

21

202

3

Water Only

1

Aims and Objectives Aim (s) bullIntroduction to the range of standard approaches used to manage projectsbull the use of Bodies of Knowledge in project design and managementbull how to select and tune project methodologies and life cyclesfor a specific project

Objective(s )Learner will be able tohellip Describe different approach used to manage the projectbulluse different project management approaches and methodologies

Apr

21

202

3

2

Background Knowledgebull What do we know about Project Management

Apr

21

202

3

3

Why do you need a business case

An organisation often has to make a choice between severaldifferent projects only one of which it can afford to fund Theseprojects may involve doing1048708 completely different things or1048708 the same thing in different waysOne way to choose between projects is to work out a list ofcriteria of things that are important and then to rank eachproject against these criteria This is much the same procedurethat you would go through yourself when making any significantpurchase

Apr

21

202

3

4

Activity1

Apr

21

202

3

5

Activitybull Your criteria might have included any of these costbull maintenance costs number of bedrooms garden location

agebull state of repair proximity to schools shops or public transportbull Cost would almost certainly have been an important factor inbull your decision but there may have been other criteria that hadbull equal importance For examplebull For me it was absolutely essential to have a house thatbull was near public transport and I was prepared to paybull slightly over the odds for thatbull The same kind of consideration can influence the choice ofbull project

Apr

21

202

3

6

Activity

Apr

21

202

3

7

Activity

Apr

21

202

3

8

Making the decision to start the project

Apr

21

202

3

9

bull There is more than one way to decide to start a projectThe project sponsors mdash the people who have the authority to set the project in motion and who are paying the bills mdash may decide

bull what needs to be done then pass the project on to a managerbull who will carry out their wishesbull The managing director called me in and told me hersquodbull got pound5000 to spend on improving the IT system in thebull office He gave me a catalogue in which hersquod markedbull the type of software to go for mdash and could I pleasebull make sure that all the invoices were in before the endbull of the current accounting period

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Aims and Objectives Aim (s) bullIntroduction to the range of standard approaches used to manage projectsbull the use of Bodies of Knowledge in project design and managementbull how to select and tune project methodologies and life cyclesfor a specific project

Objective(s )Learner will be able tohellip Describe different approach used to manage the projectbulluse different project management approaches and methodologies

Apr

21

202

3

2

Background Knowledgebull What do we know about Project Management

Apr

21

202

3

3

Why do you need a business case

An organisation often has to make a choice between severaldifferent projects only one of which it can afford to fund Theseprojects may involve doing1048708 completely different things or1048708 the same thing in different waysOne way to choose between projects is to work out a list ofcriteria of things that are important and then to rank eachproject against these criteria This is much the same procedurethat you would go through yourself when making any significantpurchase

Apr

21

202

3

4

Activity1

Apr

21

202

3

5

Activitybull Your criteria might have included any of these costbull maintenance costs number of bedrooms garden location

agebull state of repair proximity to schools shops or public transportbull Cost would almost certainly have been an important factor inbull your decision but there may have been other criteria that hadbull equal importance For examplebull For me it was absolutely essential to have a house thatbull was near public transport and I was prepared to paybull slightly over the odds for thatbull The same kind of consideration can influence the choice ofbull project

Apr

21

202

3

6

Activity

Apr

21

202

3

7

Activity

Apr

21

202

3

8

Making the decision to start the project

Apr

21

202

3

9

bull There is more than one way to decide to start a projectThe project sponsors mdash the people who have the authority to set the project in motion and who are paying the bills mdash may decide

bull what needs to be done then pass the project on to a managerbull who will carry out their wishesbull The managing director called me in and told me hersquodbull got pound5000 to spend on improving the IT system in thebull office He gave me a catalogue in which hersquod markedbull the type of software to go for mdash and could I pleasebull make sure that all the invoices were in before the endbull of the current accounting period

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Background Knowledgebull What do we know about Project Management

Apr

21

202

3

3

Why do you need a business case

An organisation often has to make a choice between severaldifferent projects only one of which it can afford to fund Theseprojects may involve doing1048708 completely different things or1048708 the same thing in different waysOne way to choose between projects is to work out a list ofcriteria of things that are important and then to rank eachproject against these criteria This is much the same procedurethat you would go through yourself when making any significantpurchase

Apr

21

202

3

4

Activity1

Apr

21

202

3

5

Activitybull Your criteria might have included any of these costbull maintenance costs number of bedrooms garden location

agebull state of repair proximity to schools shops or public transportbull Cost would almost certainly have been an important factor inbull your decision but there may have been other criteria that hadbull equal importance For examplebull For me it was absolutely essential to have a house thatbull was near public transport and I was prepared to paybull slightly over the odds for thatbull The same kind of consideration can influence the choice ofbull project

Apr

21

202

3

6

Activity

Apr

21

202

3

7

Activity

Apr

21

202

3

8

Making the decision to start the project

Apr

21

202

3

9

bull There is more than one way to decide to start a projectThe project sponsors mdash the people who have the authority to set the project in motion and who are paying the bills mdash may decide

bull what needs to be done then pass the project on to a managerbull who will carry out their wishesbull The managing director called me in and told me hersquodbull got pound5000 to spend on improving the IT system in thebull office He gave me a catalogue in which hersquod markedbull the type of software to go for mdash and could I pleasebull make sure that all the invoices were in before the endbull of the current accounting period

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Why do you need a business case

An organisation often has to make a choice between severaldifferent projects only one of which it can afford to fund Theseprojects may involve doing1048708 completely different things or1048708 the same thing in different waysOne way to choose between projects is to work out a list ofcriteria of things that are important and then to rank eachproject against these criteria This is much the same procedurethat you would go through yourself when making any significantpurchase

Apr

21

202

3

4

Activity1

Apr

21

202

3

5

Activitybull Your criteria might have included any of these costbull maintenance costs number of bedrooms garden location

agebull state of repair proximity to schools shops or public transportbull Cost would almost certainly have been an important factor inbull your decision but there may have been other criteria that hadbull equal importance For examplebull For me it was absolutely essential to have a house thatbull was near public transport and I was prepared to paybull slightly over the odds for thatbull The same kind of consideration can influence the choice ofbull project

Apr

21

202

3

6

Activity

Apr

21

202

3

7

Activity

Apr

21

202

3

8

Making the decision to start the project

Apr

21

202

3

9

bull There is more than one way to decide to start a projectThe project sponsors mdash the people who have the authority to set the project in motion and who are paying the bills mdash may decide

bull what needs to be done then pass the project on to a managerbull who will carry out their wishesbull The managing director called me in and told me hersquodbull got pound5000 to spend on improving the IT system in thebull office He gave me a catalogue in which hersquod markedbull the type of software to go for mdash and could I pleasebull make sure that all the invoices were in before the endbull of the current accounting period

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Activity1

Apr

21

202

3

5

Activitybull Your criteria might have included any of these costbull maintenance costs number of bedrooms garden location

agebull state of repair proximity to schools shops or public transportbull Cost would almost certainly have been an important factor inbull your decision but there may have been other criteria that hadbull equal importance For examplebull For me it was absolutely essential to have a house thatbull was near public transport and I was prepared to paybull slightly over the odds for thatbull The same kind of consideration can influence the choice ofbull project

Apr

21

202

3

6

Activity

Apr

21

202

3

7

Activity

Apr

21

202

3

8

Making the decision to start the project

Apr

21

202

3

9

bull There is more than one way to decide to start a projectThe project sponsors mdash the people who have the authority to set the project in motion and who are paying the bills mdash may decide

bull what needs to be done then pass the project on to a managerbull who will carry out their wishesbull The managing director called me in and told me hersquodbull got pound5000 to spend on improving the IT system in thebull office He gave me a catalogue in which hersquod markedbull the type of software to go for mdash and could I pleasebull make sure that all the invoices were in before the endbull of the current accounting period

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Activitybull Your criteria might have included any of these costbull maintenance costs number of bedrooms garden location

agebull state of repair proximity to schools shops or public transportbull Cost would almost certainly have been an important factor inbull your decision but there may have been other criteria that hadbull equal importance For examplebull For me it was absolutely essential to have a house thatbull was near public transport and I was prepared to paybull slightly over the odds for thatbull The same kind of consideration can influence the choice ofbull project

Apr

21

202

3

6

Activity

Apr

21

202

3

7

Activity

Apr

21

202

3

8

Making the decision to start the project

Apr

21

202

3

9

bull There is more than one way to decide to start a projectThe project sponsors mdash the people who have the authority to set the project in motion and who are paying the bills mdash may decide

bull what needs to be done then pass the project on to a managerbull who will carry out their wishesbull The managing director called me in and told me hersquodbull got pound5000 to spend on improving the IT system in thebull office He gave me a catalogue in which hersquod markedbull the type of software to go for mdash and could I pleasebull make sure that all the invoices were in before the endbull of the current accounting period

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Activity

Apr

21

202

3

7

Activity

Apr

21

202

3

8

Making the decision to start the project

Apr

21

202

3

9

bull There is more than one way to decide to start a projectThe project sponsors mdash the people who have the authority to set the project in motion and who are paying the bills mdash may decide

bull what needs to be done then pass the project on to a managerbull who will carry out their wishesbull The managing director called me in and told me hersquodbull got pound5000 to spend on improving the IT system in thebull office He gave me a catalogue in which hersquod markedbull the type of software to go for mdash and could I pleasebull make sure that all the invoices were in before the endbull of the current accounting period

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Activity

Apr

21

202

3

8

Making the decision to start the project

Apr

21

202

3

9

bull There is more than one way to decide to start a projectThe project sponsors mdash the people who have the authority to set the project in motion and who are paying the bills mdash may decide

bull what needs to be done then pass the project on to a managerbull who will carry out their wishesbull The managing director called me in and told me hersquodbull got pound5000 to spend on improving the IT system in thebull office He gave me a catalogue in which hersquod markedbull the type of software to go for mdash and could I pleasebull make sure that all the invoices were in before the endbull of the current accounting period

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Making the decision to start the project

Apr

21

202

3

9

bull There is more than one way to decide to start a projectThe project sponsors mdash the people who have the authority to set the project in motion and who are paying the bills mdash may decide

bull what needs to be done then pass the project on to a managerbull who will carry out their wishesbull The managing director called me in and told me hersquodbull got pound5000 to spend on improving the IT system in thebull office He gave me a catalogue in which hersquod markedbull the type of software to go for mdash and could I pleasebull make sure that all the invoices were in before the endbull of the current accounting period

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Project decision making

Apr

21

202

3

10

bull In this case the project manager has hardly any autonomy at all If the managing director has made the right decisions everything may be all right But there might be better ways to spend the pound5000 Or it may be that more (or less) is needed to improve the

bull IT system at this point It may be that the project should be put off for six months until a new software package comes on the market Alternatively the project manager may have an idea for a project and persuades the sponsors to come up with the necessary resources as illustrated in the example below

bull I knew we needed to improve the IT system I worked out where the problems were with the existing system what we needed to put them right the benefits that would result and how much it would all cost I took the figures to the managing director and got his backing for the project

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Flow chat

Apr

21

202

3

11

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

PERT Network diagramSebastian Nokes and Ian Major (2003) said lsquoA Network diagram is a graphical representation of project structure Project Evaluation and Review Technique (PERT) is a planning method that uses network diagrams and project managers commonly use the terms PERT chart and network diagram interchangeably A network diagram contains the same task dependency information as a Gantt chart makes it more useful for communicating individual task timing and so project plans for general discussion are usually presented in Gantt chart format Nonetheless network diagrams are useful for project planners because it is much easier to see project structure (dependencies and groupings of tasks) on a network diagram Most project planning software can represent the information in both ways and you should use whichever representation suits the task in handrsquo

Apr

21

202

3

12

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Apr

21

202

3

13

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Gantt charts

Apr 21 2023

14

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

WBS

Sebastian Nokes (2003) said lsquo A work breakdown structure is the easiest place to start with project planning It is an enhanced list of all the activities of all the activities of the project The enhancements explain how the project is broken down into tasks groups of associated tasks and sub-projects and they also give some information about effort or duration

Apr 21 2023

15

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

WBS

Apr 21 2023

16

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Useful resource to enhance understanding in project appraisal

wwwopentuitioncomwwwaccaglobalcomCMI Unit 5004 bookYoutubecom Wikispacescom bradrc wwwcimacomACCA F9 book of Kaplan BPP

Apr

21

202

3

17

Bibliography bull bull Baguley Phil (1999) Project Management first edition Page

10 47bull Barbara Allan (2004) Project Management first edition page 9

48 49 published by Facet Publishing bull Howard Barnett (1996) Operations management second

edition page 18 Published by Macmillan Press Ltdbull Koontz Harold and Heinz Weihrich (1990) Essentials of

Management fifth edition page 39246475 Published by McGraw-Hill Inc

Apr

21

202

3

18

Apr

21

202

3

bull Assignment discussion

Summary Q amp A

19

Next Session

In Next Session we are going to Learn helliphellip

bullProject methodologies

Tuesday 01022012 930 ndash 1230 20

Apr

21

202

3

bull Assignment discussion

Summary Q amp A

19

Next Session

In Next Session we are going to Learn helliphellip

bullProject methodologies

Tuesday 01022012 930 ndash 1230 20

Next Session

In Next Session we are going to Learn helliphellip

bullProject methodologies

Tuesday 01022012 930 ndash 1230 20