GENG5505

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GENG5505Project ManagementIntroDefn: ProjectTemperary endeavour undertaken to create ...Collection of activitites and taks desig ...Defn: Project ManagementApplication of knowledge skills and tech ...Accomplished thiough the use of the proj ...Project Management Compentencies (PMBOK)1) Integrationensure all aspects of project are coordi ...2) scopeensure all work require, and only work r ...3) timeensure complete on time4) costensure complete within approved budget5) qualityensure project will satify needs for whi ...6) human resourceensure people involded are used effictiv ...7) communicationensure commuinuication is complete, time ...8) riskEnsure risks are identified, analysed an ...9) procurementhow to aquire external goods and service ...Intro SustainablilityKey factsWorld Oil could be exhasted in <30 yearsAir, Water, land beign impacted failerPopulation growthDefn: sustainableMeeting the needs of people today withio ...TBL IndicatorsEconomic stustabilityFinancial helathEconomic performanceROIReturn on Assets (ROA)EnviromentalMineral and Energy RoursesAir, Water, Land ResourcesSocial sustability internal HRexternal populationstakeholder particapationTBLBenifitsInverstors looking for evience of good c ...Particularly sound bussiness strategyEffective management of riskCusotmers want to know product originwho made themwhat they containEmployee's looking to work for companies ...SocientyEnviromentGoveryments and society are presuring fo ...SocientyEnviromentEconomic Will the project generat prospe ...Goverencealighment with policiesRiskManages RiskEconomicInvestmentJobsTaxesSupport Local EconomyFinancialCompany ProfitabilitySuppplier's ProfitavbilityInnovationSupports inovationSocial Will the project be implemented i ...Goverencealighment with policiesRiskManages RiskSocial InfrastuctureLocal demographicsLocal EducationLocal HealthPublic safety & securityUphold human rightsProtect local cultureStakeholders engagedEmploymentEmploymebnt conditionsJob securityTraining and developmentsafetyEnviroment Will the project cause long-t ...Goverencealighment with policiesRiskManages RiskEmissionsEmmissions to airEmisions to waterWasteHazardours materuaksNuisanceResources Will the project protect and e ...Goverencealighment with policiesRiskManages RiskNatural ResourcesRecovery factorenergymaterialswaterBiodiversityland and seabedProcurementDriven BySuppolying poject with goods and service ...Improve relationship with key supploesBalance output with vakue and qualityincrease accountability imn the supply c ...Encourage raget access toInicative technokloguypremium materialsExpertiseProcess1. Procurment PlanningConcept & planning2. Solicitation Planning3. Procurment solicitation4. Source selectionPlanning5. Contract AdministractionExecution6. Contract CloseoutFinalisationGoalsRight MaerialsConsiderr TBL and lifecycleright qunatityright qualityrihgt priceright sourceright reasonsright timeright returnProcurment PlanningQuestionsWhat is required?How much will it cost?From where will it be sourced?When will it be needed?Who will be invoklved?How will it be managed?Will contracts be required?Why is it the best option?DecsionsInhouse ifBuy IfContractsContract ElementsAn OfferCapable of beuing acceptedAcceotabceCapable of being communicatedIndentConcent to be legally bountFreely giventConsiderationSomething given back for promiseMoneyGoodsServicesTerms IncludedExpress TermsImplied TermsConditionsWarentiesProvision forBreachRemedyOther non-performance redressTypesFixed PriceCustomer RiskSole Source ContractorProject change requires contract changeContractor tends to use cheap materialsFollow contract to letter make savings/p ...Contractor RiskCareful schedual estimateCareful Cost estimateCost growth can make unprofitable after ...Cost Plus ContractCustomer RiskSingle Source ContractorFinal Cost unknownPoor spricuication leads to more costsPoor specification leads to contract cha ...Contractor riskRising costs lead to damaged relationshi ...Rising Costs, still bad. Passing on cost ...Fee % degreases as cost risesTime and Materials ContractCustomer RisksNo spcificationOpen-endedSoke siyrce contractorContractor risksFixed RatesNo defined tasksSouce SelectionEvaluating Potentuiakl SuppliersWorking with project TeamsDefn TeamIndividualSelf directedGroupRandom CollectionSeperate goal priorityAttendance focusindividual identityTeamTargeted collectionCommon Goal PriorityPerformance FocusShared IdentiySynerygyStages of developmentFormingStormingNormingPerformingAdjoringTeam AttributesGoalsClearCommunicatedRecognisedLong Termtolerane fo calculated riskMutural appricate of members skillsRolesDefinedcomunicatedacceptedProceducesExplictdiscussedendorsedCommunicatiojnOpenhonestcontinuousconstructive feedbackLeadershipSupportingTeamTrust\SupportQualityStagesConceptDetermine what quality means for this pr ...ObjectivesScopePlanQuality meuresment planPlan tio bake in qualityExecutionQuality ControlQuality AssuranceFinalistationFinalistaion ReportEnsure Project actually complete, to sta ...Blanced Score CardMany Points of View consideredCustomer proprectiveCustomer satissfactionindended objectivewsFinacnial perspectiveWithin budgetVarience between orignail budget and fin ...Cost comapired toIndusty standardsCompeditorsOther projectsProject/ internal perspectiveTeamSatisfactionStressResource managementGrowth and Innovation perspectiveStagesConceptInitail measurement to establish baselin ...PlanBenchmarks incorperated in to overall pr ...ExecutionMeanuments are taken and comaired to ben ...Used to improveFinalistationBSC measurements are reviewedDocumented in final reapoertSupport Best PracticesLessons learnedTimingLead Time / Lag time might be introduced ...Resource balancing (Eg, better to spend ...To allow for things going over time- To reduce storage costs of finishing a ...WBSTableCostDurationLinksPreqeuistsChartHeicrachyCan combine table and chartRules100%Broken Down work items must add up to 10 ...Muturally exclusiveNo overlapPlan Outcomes, not actionsCan make timing estimates much harderPERTGanttProject CharterEnd of Concept stage milestoneAllows project to be acceptedOr notContaintsBussiness CaseObjectives and constraints (Scope)Solution outlijneIdentifies main stakeholdersHigh leval risk management planCommunications planHighlevel buidgesEthics
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GENG5505
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Project Management
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Intro
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Defn: Project
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Temperary endeavour undertaken to create a unique  product, service or result

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Collection of activitites and taks design to achieve a specific, but tempory goal of the organisation.
With speicic performand or qulaity requiremnts, all the while subject to time and const constraints

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Defn: Project Management
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Application of knowledge skills and technuiques to project acitiveis to meet project requirments
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Accomplished thiough the use of the project lifecycle
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Project Management Compentencies (PMBOK)
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1) Integration
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ensure all aspects of project are coordinated
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2) scope
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ensure all work require, and only work require, is included in project
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3) time
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ensure complete on time
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4) cost
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ensure complete within approved budget
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5) quality
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ensure project will satify needs for which it was undertaken
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6) human resource
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ensure people involded are used effictively
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7) communication
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ensure commuinuication is complete, timely appropriate and targetted
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8) risk
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Ensure risks are identified, analysed and responded to
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9) procurement
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how to aquire external goods and services
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Intro Sustainablility
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Key facts
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World Oil could be exhasted in <30 years
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Air, Water, land beign impacted failer
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Population growth
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Defn: sustainable
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Meeting the needs of people today withiouyt compromiseing the abiklity of funture generations to meet their own needs
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TBL Indicators
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Economic stustability
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Financial helath
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Economic performance
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ROI
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Return on Assets (ROA)
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Enviromental
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Mineral and Energy Rourses
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Air, Water, Land Resources
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Social sustability
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internal HR
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external population
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stakeholder particapation
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TBL
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Benifits
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Inverstors looking for evience of good corporate governance
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Particularly sound bussiness strategy
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Effective management of risk
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Cusotmers want to know product origin
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who made them
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what they contain
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Employee's looking to work for companies that
 account visably for their responsibilities to 

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Socienty
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Enviroment
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Goveryments and society are presuring for reports on

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Socienty
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Enviroment
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Economic
Will the project generat prosperity
and enhance the affected economies?

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Goverence

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alighment with policies
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Risk

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Manages Risk

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Economic
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Investment

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Jobs
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Taxes
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Support Local Economy
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Financial
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Company Profitability
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Suppplier's Profitavbility
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Innovation
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Supports inovation
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Social
Will the project be implemented in
socially resoibsbile manner
and benifit the affected communities equitablly

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Goverence
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alighment with policies

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Risk

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Manages Risk

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Social Infrastucture
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Local demographics
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Local Education
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Local Health
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Public safety & security
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Uphold human rights
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Protect local culture
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Stakeholders engaged
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Employment
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Employmebnt conditions
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Job security
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Training and development
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safety
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Enviroment
Will the project cause long-term
damage to the enviroment

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Goverence

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alighment with policies

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Risk

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Manages Risk

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Emissions
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Emmissions to air
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Emisions to water
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Waste
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Hazardours materuaks
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Nuisance
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Resources
Will the project protect and
enhance natural capital?

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Goverence

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alighment with policies

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Risk

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Manages Risk
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Natural Resources
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Recovery factor
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energy
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materials
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water
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Biodiversity
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land and seabed
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Procurement
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Driven By
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Suppolying poject with goods and servicess as required
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Improve relationship with key supploes
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Balance output with vakue and quality
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increase accountability imn the supply chain
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Encourage raget access to
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Inicative technokloguy
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premium materials
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Expertise
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Process
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1. Procurment Planning
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Concept & planning
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2. Solicitation Planning
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3. Procurment solicitation
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4. Source selection
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Planning
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5. Contract Administraction
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Execution
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6. Contract Closeout
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Finalisation
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Goals

The 8 Rs of Procurment

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Right Maerials
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Considerr TBL and lifecycle
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right qunatity
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right quality
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rihgt price
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right source
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right reasons
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right time
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right return
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Procurment Planning
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Questions
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What is required?
Connector Connector
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How much will it cost?
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From where will it be sourced?
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When will it be needed?
Connector
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Who will be invoklved?
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How will it be managed?
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Will contracts be required?
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Why is it the best option?
Connector
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Decsions
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Inhouse if
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Buy If
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Contracts
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Contract Elements
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An Offer
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Capable of beuing accepted
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Acceotabce
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Capable of being communicated
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Indent
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Concent to be legally bount
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Freely givent
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Consideration
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Something given back for promise
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Money
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Goods
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Services
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Terms Included
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Express Terms
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Implied Terms
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Conditions
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Warenties
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Provision for
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Breach
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Remedy
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Other non-performance redress
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Types
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Fixed Price

The delivery of a

 well-defined product

For a fixed price

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Customer Risk
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Sole Source Contractor
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Project change requires contract change
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Contractor tends to use cheap materials
Connector
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Follow contract to letter make savings/profits where can
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Contractor Risk
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Careful schedual estimate
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Careful Cost estimate
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Cost growth can make unprofitable after contract signed
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Cost Plus Contract

The contractor is payed for

cost they incure, plus a fee repressenting

there profit

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Customer Risk
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Single Source Contractor
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Final Cost unknown
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Poor spricuication leads to more costs
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Poor specification leads to contract change
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Contractor risk
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Rising costs lead to damaged relationship with customer
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Rising Costs, still bad. Passing on cost has problem
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Fee % degreases as cost rises
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Time and Materials Contract

Hiring a contractor.

Basically making them staff

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Customer Risks
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No spcification
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Open-ended
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Soke siyrce contractor
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Contractor risks
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Fixed Rates
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No defined tasks
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Souce Selection
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Evaluating Potentuiakl Suppliers
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Working with project Teams

HR competency

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Defn Team
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Individual
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Self directed
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Group
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Random Collection
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Seperate goal priority
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Attendance focus
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individual identity
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Team
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Targeted collection
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Common Goal Priority
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Performance Focus
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Shared Identiy
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Synerygy
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Stages of development
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Forming
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Storming
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Norming
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Performing
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Adjoring
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Team Attributes
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Goals
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Clear
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Communicated
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Recognised
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Long Term
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tolerane fo calculated risk
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Mutural appricate of members skills
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Roles
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Defined
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comunicated
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accepted
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Proceduces
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Explict
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discussed
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endorsed
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Communicatiojn
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Open
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honest
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continuous
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constructive feedback
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Leadership
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Supporting
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Team
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Trust\
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Support
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Quality
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Stages
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Concept
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Determine what quality means for this project
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Objectives
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Scope
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Plan
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Quality meuresment plan
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Plan tio bake in quality
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Execution
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Quality Control
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Quality Assurance
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Finalistation
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Finalistaion Report
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Ensure Project actually complete, to standard

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Blanced Score Card

(BSC)

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Many Points of View considered
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Customer proprective
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Customer satissfaction
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indended objectivews
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Finacnial perspective
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Within budget
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Varience between orignail budget and final budget
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Cost comapired to
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Industy standards
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Compeditors
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Other projects
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Project/ internal perspective
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Team
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Satisfaction
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Stress
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Resource management
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Growth and Innovation perspective
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Stages
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Concept
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Initail measurement to establish baseline
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Plan
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Benchmarks incorperated in to overall project plan
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Execution
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Meanuments are taken and comaired to benchmarks
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Used to improve
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Finalistation
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BSC measurements are reviewed
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Documented in final reapoert
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Support Best Practices
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Lessons learned
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Timing
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Lead Time / Lag time might be introduced,, to allow for:

 in particluar off of the critical path

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Resource balancing (Eg, better to spend $40k each of 2 month than $80k in the first month and nothing in the second)
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To allow for things going over time
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- To reduce storage costs of finishing a component too early.
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WBS
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Table
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Cost
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Duration
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Links
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Preqeuists
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Chart
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Heicrachy
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Can combine table and chart
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Rules
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100%
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Broken Down work items must add up to 100% of there parents
(and so forth until the toal sum of all is 100% of the project)
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Muturally exclusive
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No overlap
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Plan Outcomes, not actions
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Can make timing estimates much harder
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PERT
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Gantt
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Project Charter
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End of Concept stage milestone
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Allows project to be accepted
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Or not
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Containts
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Bussiness Case
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Objectives and constraints (Scope)
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Solution outlijne
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Identifies main stakeholders
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High leval risk management plan
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Communications plan
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Highlevel buidges
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Ethics