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General Overview of Project Management PROJECT MANAGEMENT Developed by Elizaveta Markovskaya, associate professor, Phd (Economics)

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Key Topics What is a Project? Projects’ Classification What is a Project Management? Project Phases and Project Life Cycle Project Stakeholders

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What is a Project? Project is a temporary process (activity) undertaken to create a unique product or service. Temporary means that every project has a definite beginning and a definite end. Unique means that the product or service is different in some way from all similar products or services.

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Examples Developing a new product, service Implementing a new business procedure or process Constructing a building Implementing a new course in University Developing a new information system

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Do you know these projects?

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Do you know these projects?

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Classification of Projects Volume of investments: - Big projects (more than $500 mln ) - Medium projects (no more than $500 mln ) Small projects (no more than $ 1 mln ) Duration Long-term (more than 5 years) Short-term (no more than 5 years) Medium (1-5 years) Structure With foreign partners National projects without foreign investors

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Classification of Projects Scale of project Local (Municipal, City) Regional National International Project aim Commercial Non-commercial Labour intensity - No more than 40 000 staff-hors 40 000 - 1 mln staff-hours More than 1 mln staff-hours

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What is Project Management (PM)?

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Relationship to Other Management Disciplines General Management : Planning Organizing Staffing Executing Controlling Supporting disciplines (computer programming, law, statistics, probability theory, logistics, personnel)

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Relationship to the Other Management Disciplines Application areas : Technical elements (f.e. software development, pharmaceuticals, construction engineering); Management elements (government contracting, new product developing) Industry groups

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Project Phases and Project Life Cycle Project Phases = Project Life Cycle The main goal to divide project into project phases – to provide better management control and appropriate links to the ongoing operations of the performing organizations.