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Project Management Philosophy

Part 1 of Smithbucklin's Project Management Training Series

Project Management

Part 1: Philosophy

Reimagine

Possible

Together

What is Project Management?

The process of leading the work of a team to acheive all project goals within the given constraints.

What is Project Management?

Scope, Time, and Budget

A project's success can be measured by the satisfaction of all, or a combination of, the triple constraints.

The Triple Constraint

No Scope Creep!

Scope

A project's scope is defined as the agreed-upon deliverables and outcomes once the project is finished.

Scope creep occurs when project stakeholders begin adding or changing deliverables/outcomes without undergoing a formal change process or modifying the project schedule and/or the project's budget.

Stick to the Timeline

Time

The time constraint refers to the schedule that is set at the beginning of the project.

Ensuring that a project remains on-schedule requires an entire team to remain aware of their personal deadlines and their contributions to satisfying the time constraint.

Stick to the Budget

Budget

The first two constraints contribute to staying within the set budget for the project.

When projects are billed on an hourly basis, the budget is directly affected by changes to the project scope and timeline.

Quality

A Fourth Constraint?

Unofficially, the fourth constraint which takes into consideration is the quality of the project outcome and the associated deliverables.

Satisfying scope, timeline, and budget should contribute to overall project satisfaction.

Project Management Contributes to an Organization's Overall Success

Why is it important?

It helps every part of the business run more efficiently and effectively.

When done correctly, leadership is enabled to plan and manage projects so that every objective and deliverable is completed on time and within budget.

Vision to Execution (V2E)

A new Smithbucklin project management initiative to identify and outline project stakeholders and their roles.

Vision to Execution

Executive Champion

The one person who ensures that a multi-year goal aligns with the organization's overall vision and strategy and receives the necessary resources and support to succeed.

Objective or Initiative Owner

The one person accountable for an objective or initiative. There cannot be two or more owners.

Responsible People

The individual(s) - up to five - responsible for completing activities that advance an objective or initiative.

Responsible

Consulted/Input Required

Individuals included in the objective or initiative's communication loop who provide input or consultation before a final decision or action.

This role can consist of as many as twenty people.

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