Project Management Fundamentals

Project Fundamentals

What constitutes a "project"? Not every task or problem necessitates a formal project. Learn to discern when an endeavor warrants a project approach and how to situate projects within the broader context of the organization. Explore the roles and responsibilities of project managers across various industries and identify the essential skills required for success in this field.

Project Management Lifecycle and Methodologies

Just as a sculptor chooses between chisel and brush, successful project managers select the right methodology for each unique project. Students will explore Waterfall (a linear, sequential approach) and Agile (an iterative, flexible methodology). Learn to discern when to leverage the structured progression of Waterfall and when to embrace the adaptability of Agile to ensure project success.

Organizational Context and Project Structures

Projects often span multiple functional areas within an organization, or even involve external parties. Students will explore how projects interface with various departments, such as finance, HR, or procurement, and how different organizational structures impact project execution.

Project Initiation

Students will learn the importance of the initiation phase and its influence on overall project success. They will develop skills in creating a comprehensive project charter, defining scope, objectives, deliverables, and success criteria.

Stakeholder Analysis and Management

Effective project management requires understanding and managing stakeholder expectations. Students will learn techniques for identifying and analyzing stakeholders, creating resources such as RACI charts (Responsible, Accountable, Consulted, Informed) to clarify roles and responsibilities, and develop appropriate communication strategies.