Two-Minute Drill

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Exploring Project Attributes

q	Projects are temporary, unique, and create a product or service.
q	All projects have their own life cycle, while the project management life cycle has five distinct phases: Initiation, Planning, Execution, Control, and Closure.
q	Projects move from concept to completion through progressive elaboration.
q	Not all projects get selected. The decisions to choose one project over another may vary from organization to organization. The process, however, is always called Project Portfolio Management.

Project Management Framework

q	Within the project management framework, there are nine knowledge areas, which span the project management life cycle.
q	Project Integration Management: focus is on managing all of the moving parts of a project.
q	Project Scope Management: focus is on protecting, fulfilling, and delivering the project scope.
q	Project Time Management: focus is on scheduling activities, monitoring the project schedule, and working with the project team and stakeholders to ensure the project completes on time.
q	Project Cost Management: focus is on estimating and maintaining project costs.
q	Project Quality Management: focus is on setting the quality expectations and then delivering the project product with the expected level of quality.
q	Project Human Resources Management: focus in on developing the project team to work together to deliver the project as expected.
q	Project Communications Management: focus is on delivering needed information to the correct parties, at the correct time.
q	Project Risk Management: focus is on identifying, mitigating, and managing project risks.
q	Project Procurement Management: focus is soliciting, selecting, and managing vendors to complete project work or supply project materials.

Identifying Project Manager Characteristics

q	A project manager must have multiple skills to be successful, including the ability to communicate, manage a budget, be organized, negotiate, and provide leadership for the project.
q	Project managers in different sectors of business and non-profit entities will encounter situations unique only to their area of expertise. For example, a project manager of a construction project will have different issues and concerns than a project manager of a manufacturing project.
q	Project managers require organization.

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