(H1 - 85) Project Management Detailed Subject Notes

Description

This document covers the fundamentals of Project Management, blending core concepts with practical applications across industries. It explores project characteristics, project life cycles, cost estimation, scheduling (Gantt charts, Critical Path Method, Critical Chain Project Management), risk management processes, and project portfolio management (PPM). Emphasis is placed on organizational structures (functional, matrix, projectized), strategic alignment, resource scheduling, and project closure practices. Key tools like Work Breakdown Structures (WBS), Earned Value Management (EVM), and risk response strategies are detailed, alongside the cultural and international considerations critical for global project success. Study Material Includes: Why Project Management?: Managing unique, time-bound initiatives. Project Life Cycle: Phases from initiation to closure. Project Selection Models: Financial and non-financial criteria. Risk Assessment and Management: Identification, analysis, and mitigation. Scheduling Techniques: Networks, slack time, and resource leveling. Organizational Structures: Functional, matrix, dedicated teams. Project Closure and Audits: Wrap-up, evaluation, and post-implementation review. International Projects: Cross-cultural management and global challenges.