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Project Management for Executives

In this course you learn the fundamental principles, terms ,concepts , tools and techniques in project management including how to develop project mission, vision, business objectives and goals. You will also learn the fundamental principles of project management such as :
Project Planning
Managing integration
Managing project scope
Managing project time and schedule
Managing project cost
Managing project quality
Managing project human resources
Managing project communications
Managing project procurement
Managing project stakeholders
Managing project control, and monitoring
Managing project closing and reporting

Currently Enrolling

Details + Objectives

What You'll Learn

How the Course is Taught

How You Will Benefit

What is a project?

A project is time -limited (it has a definite beginning and end)

A project is unique(it has not been attempted before by this organization

A project is comprised of interrelated activities

A project is undertaken for a purpose ( it will yield a specific product, service or result)

What is a program?

A program is a larger effort than a project, because it is a group of related projects coordinated together. Programs may also include operations . Organizations often group projects into programs in order to realize some benefit that could not be achieved if those projects were not undertaken in concert.

What is a portfolio

A company’s project portfolio represents the entire investments in projects and programs . Project portfolios should be aligned to the organizational strategic goals.

Ideally, the benefit of all project investments should be expressed in how they meet or assist the organization’s strategic goals.

What is Project Management?

Project management is using skills,knowledge and resources to satisfy project requirements.

What is  Baseline in Project Management?

The term baseline is used for the project plan, time, scope and cost. The baseline is simply the original plan plus any approved changes. Baselines are used as tools to measure how performance deviates from the plan, so if the plan changes, the new plan becomes the baseline.

The practice of project management overlaps many other disciplines. Since most project are performed within an organization, there are other management skills that make up the foundation of project management. These skills probably have a significant effect on projects. The project manager should have experience in :

Leading 

Motivating people and Inspiring them to commit

Communicating

Exchanging information clearly and correctly.

Negotiating 

Working to reach a mutual agreement. Negotiations may happen with groups or individuals inside and outside the organization.

Problem Solving

Defining the problem and dealing with the factors that contribute to or cause the problem.

Influencing 

Accomplishing something without necessarily having formal power. Influencing the organization requires a keen understanding of the way the organization is structured, both formally and informally.

Project Charter 

The charter is the document that officially starts the project and this is the process that creates it. If you don’t have  a charter you don’t  have an official project.

 

The 5 Process Groups

The project management process are organized into nine knowledge areas and based on five foundation process groups

  1. Initiating
  2. Planning
  3. Executing
  4. Monitoring and Controlling
  5. Closing

The 44 Processes 

The term process is one the most important and frequently used terms you will encounter when in project management field. Processes are composed of three elements : Input, tools & techniques and outputs.

The different inputs, tools and techniques and outputs are combined to form processes which are performed for a specific purpose.

Understanding a Process

Processes are the heart of project management. Almost everything in the world of project management is done through processes.

What is a process, anyway?

Look around you , you will see processes every-where , not only in project management.

For example , when you make coffee in the morning you go through a process. The water, the coffee filter and the roasted coffee beans are the inputs items to this process. The coffee maker is a tool and how you made the coffee is the technique. A cup of freshly brewed coffee is an output from this process.

So a process is a set of interrelated activities performed to obtain a specified set of products, results and services.

Input : Raw Materials for the process

Tools and Techniques: Operations on the raw data

Output :  The outcome of the operations on this raw data

 

There are 44 unique processes identified and described in project management.

Knowledge Areas

The knowledge areas in project management could be organized in nine groups

  1. Integration Management
  2. Scope Management
  3. Time Management
  4. Cost Management
  5. Quality Management
  6. Human Resources Management
  7. Communications Management
  8. Risk Management
  9. Procurement Management

 

Project Charter should include
  • Purpose or justification for the project
  • Project objectives that are measurable
  • High level list of requirements
  • High level list of risks
  • High level description of the project
  • Milestone schedule (summary level)
  • Budget (summary level)
  • Criteria for budget approval
  • Name of the project manager and their authority level
  • Name of the sponsor and their authority level

 

Project Stakeholders: identify all the project stakeholders might be a difficult task, but the following are the obvious stakeholders

Project Manager: yourself as a project manager

Project Management Office (PMO)

Project Management Team . These are the members the project team involved in the project management tasks.

Project Team Members . The members of the project team who are actually performing the project work are also project stakeholders

Performing Organization:The organization whose employees are doing the project work is a stakeholder organizations

Customer/User :This includes the individuals or the organizations for whom the project is being performed and the users who will use the product that will result from successful completion of the project

Project Sponsor: This is the individual or group that provides financial resources for the project.

Influencer: 

These are the individuals or groups who are not direct customers or users of the product or services that will come from the project, but who can influence the course of the project due to their positions in the customer organization or performing organizations . The influence can be positive or negative-that is for or against the project.

Origins of Benefits

Business Requirements : Business needs or legal requirement

Opportunities: Based on a customer request, market demand or a breakthrough in technology

Problems : Project are also authorized to offer solutions to certain problems

 

PROJECT SELECTION METHODS

Benefit Cost Ratio(BCR)

For example if the projected cost of producing a product is $20,000 and you expect to sell it for $60,000 then the BCR is 3. For the benefit to exceed cost, the BCR must be greater than 1.

Cash Flow: Money coming in and money coming out of an organization. Positive cash flow means more money coming in than coming out.

Internal Return Rate (IRR)

Present Value and Net Present Value

Opportunity Cost

Discounted Cash Flow

Return on Investment

 

Processes used in quality management

  • Quality Planning
  • Quality Assurance
  • Quality Control

Processes used in Risk Management 

  • Risk Management planning
  • Risk identifications
  • Qualitative Risk Analysis
  • Quantitative Risk Analysis
  • Risk Response Planning
  • Risk Monitoring and control

The time management processes that lead to schedule development

Activity Definition: Identifies the specific schedule activities that must be performed to produce the project deliverable

Activity Sequencing : Identifies the dependencies among the schedule activities and order the activities accordingly.

Activity Resource Estimating: Estimates the types and amounts of resources that will be required to perform each schedule activity.

Activity Duration Estimating

Estimate the time in work periods individually for each schedule activity required for the activity’s completion. It is measured in hours, days or months.

Schedule Development

Helps create the project schedule by analyzing schedule activity sequences, schedule activity duration, resource requirements, and schedule constraints.

 

 

 

Program interfaces basic input in human resources planning.

There are five program interfaces you will have to consider when planning for human resources

Organizational . The interface includes the departments , disciples and lines of business your program will interact with

Technical. These are the technical disciplines and experts your program will require : those the program’s projects will require; and the coordination between he program, organization and the projects

Interpersonal. This interface describes the working relationship, the trust,and the respect the people in your program.It is the social and working relationships among the team

Political . Ah. Yes. politics. Politics is the undocumented but known undercurrent within an organization that affect decisions, program and project selection and alliance among the program participants

Logistics. The time zones, physical differences, language barriers, travel requirements and international considerations . These are all logistics factors that have to be resolved in the program

How to motivate employees 

Maslov Hierarchy of Needs

Hezberg’s Motivational -Hygiene Theory

McGregory’s  Theory X and Y

Quchi’s Theory Z

 

 

 

Project Management for Executives

Instructors & Support

Requirements

Prerequisites

There are no prerequisites to take this course.

Requirements

Hardware Requirements: 

  • This course can be taken on either a PC or Mac device.

Software Requirements: 

  • PC: Windows XP or later.
  • Mac: OS X Snow Leopard 10.6 or later.
  • Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible.
  • Adobe Flash Player. Click here to download the Flash Player.
  • Adobe Acrobat Reader. Click here to download the Acrobat Reader.
  • Applications must be installed and fully operational before the course begins.

Other:

  • Email capabilities and access to a personal email account.

Instructional Materials

The instructional materials required for this course are included in enrollment and will be available online.

FAQs

Instructor-Led: A new session of each course begins each month. Please refer to the session start dates for scheduling.

Self-Paced: You can start this course at any time your schedule permits.

Instructor-Led: Once a session starts, two lessons will be released each week, for the 6 week duration of your course. You will have access to all previously released lessons until the course ends.

Self-Paced: You have three-month access to the course. After enrolling, you can learn and complete the course at your own pace, within the allotted access period.

Instructor-Led: The interactive discussion area for each lesson automatically closes 2 weeks after each lesson is released, so you’re encouraged to complete each lesson within two weeks of its release.

Self-Paced: There is no time limit to complete each lesson, other than completing all lessons before your three-month access.

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Course Price

$98.99

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$68.00

What's Included

  • 14 Hours of HD Video
  • Daily / Weekly Email Reminder
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  • Excersizes and Quizzes
  • 34 min. 18 sec.
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