SlideShare une entreprise Scribd logo
1  sur  19
MAJOR PROJECT
MANAGEMENT
CHALLENGES &
WAY FORWARD
M D . M A S U D U R R A H M A N , P M P
D A T E : 1 4 O C T O B E R 2 0 2 2
ABOUT ME
 Graduation From KUET
 Subject Computer Science & Engineering (CSE)
 Years of Experience 12+ Years
 2009: Assistant Programmer
 2010: Software Engineer (MIR
Group)
 2012: Senior Software
Engineer (Team Lead)
 2015: Project Manager
 2016: IT Project Manager
(MetLife)
 2019: BCS Administration
Cadre
WORK EXPERIENCE
Project Management Related Training
 PMP Exam Preparation Course
(PMSBD)
 Planning & Development (NAPD)
 Development Administration (NAPD &
AIT, Thailand)
Major Challenges & The Way Forward
ACHIEVED MY PMP – 27 NOV, 2021
2
UNDERSTANDING PROJECT BASICS 4
IMPORTANCE OF PROJECT MANAGEMENT 6
PROJECT MANAGEMENT KNOWLEDGE AREAS 7
PROJECT CONSTRAINTS 8
SHORT VIDEO 9
MAJOR CHALLENGES 10 TO 18
THE WAY FORWARD 10 TO 18
QUESTION & ANSWER 19
CHALLENGES AND THE WAY
FORWARD
MAJOR PROJECT MANAGMENT
SESSION OVERVIEW
Major Challenges & The Way Forward
3
PROJECT
A product that can be either component of
another item or an item in itself
Product
A service or a capability to perform a
service
Service
A result, such as an outcome or An
improvement in the existing product or
service lines.
Result/Improvement
A Project
 Is a temporary endeavor undertaken to
 Creates a unique product, service, or
result.
CATEGORY PROJECTS OPERATIONS
Definition A project is an temporary endeavor
Operations are ongoing execution of activities
which occur after product is made to produce
same result or a repetitive service.
Product Unique product is created..
Same product is produced to keep system
running.
Risk It has more risk as it is done for first time.
It has less risk as such products have already
been made before.
Focus Performance is primary focus of projects. Efficiency is primary focus.
Budget The budget is Defined for Projects.
The budget is not defined for Operations as the
earning needs to be done to keep operations
alive.
Example
Construction of a new building or road
Renovation of a building
Film making
Customer service and relationship
management, Procurement
The application of knowledge, skills, tools, and
techniques to project activities to meet the project
requirements.
Business Process Management.
PROJECT MANAGEMENT
various methods to discover, model, analyze, measure,
improve, optimize, and automate business processes
Project Management
Institute (PMI) is the leading
professional association for
project management, and
the authority for a growing
global community of millions
of project professionals and
individuals who use project
management skills.
PROJECT KNOWLEDGE AREAS
PMBOK – Project Management Body Of Knowledge
PROJECT CONSTRAINTS
SCOPE
“The scope constraint refers to not only what the project includes, but
also what is excluded”. In most cases, the scope of a project will refer to
the specific deliverables that have been agreed upon by key stakeholders
and must be delivered in order to close the project. Any deliverables that
were not included in the original plan are therefore out of scope.
TIME (SCHEDULE)
The project timeline will be important to the outcome, as failing to stay on
schedule could result in the failure of the project as a whole. Having a
well-defined project plan is one of the most crucial strategies for effective
time management.
COST (BUDGET)
Cost (or budget) is simply the amount of money that can be invested in a
particular activity to achieve the desired outcome. It is important to estimate
the costs associated with the project as accurately as possible before
the plan is set in motion.
Project constraint is a limiting factor that affects
the execution of a project, program, portfolio or a
process.
Six primary constraints in project Management
Scope, Time (Schedule), Cost (Budget), Quality,
Resources, and Risk.
Out of these the first three are considered as
triple constraints of project management.
PROJECT CONSTRAINTS
Project Constraints
8
LET’S WATCH A SHORT VIDEO
Short Video On Project Management
9
SCOPE CREEP
 Scope creep in project management refers to
changes, continuous or uncontrolled growth
in a project’s scope, at any point after the project
begins.
 Proactively engaging with clients during the
project planning phase can help to understand
their exact requirements.
 Changes are expected but How do you manage
scope/scope changes – CCB, CR
 Stick to the initial plan (Approved Project
Document – BRD, FRD, Project Charter etc.)
 Planning your resources and talent usages
accurately is also important
Clients who don’t precisely know what they want and have vague requirements are one of the biggest project management
challenges for both managers and the project team.
Major Challenges
CCB – Change Control Board, CR – Change Request, BRD – Business Requirement Document, FRD – Functional Requirement Document
EFFECTIVE COMMUNICATION
 As a PM, 70-90% of your time you have
to provide to communicate with your
team members.
 Comm. Channels: Zoom, Slack, Email,
Team Viewer, Video Conference, Skype,
Google Meet.
 Regular Short Stand Up meetings
(Agile)
N.B: Communication should be effective –
Team should understand that your
emails/posts are important.
Lack of Effective Communication is one of the major challenges of Project Management. Miscommunication is also
dangerous for project teams because it affects their teamwork. It can cause conflicts among team members and can
potentially delay the project.
Major Challenges
DEFINATION OF DONE
 Quality Criteria or Success Criteria should be defined.
 Agreement in terms of when the project will be done,
when a milestone will be met.
 What should be done in order to achieve a project
milestone.
 Design Milestone – Only creating a PSD or getting
approval from key stakeholders.
 Written documents or smart goals could be a solution.
 There are issues, if you don’t have DOD, you might
think the project is done, but it might not meet the
expectations of project stakeholders.
 When goals are fixed you have to be clearly share it
with your team members so that they know what they
have to achieve.
Lack of clear goals and success criteria. Clarity is one of the most important requirements for the successful completion
of the project and the lack of it creates several project management issues.
Major Challenges
BUDGETING ISSUES
 This is related to Project Cost & Schedule
Management.
 It is absolutely necessary to adopt a proper
project scheduling tool, budgeting procedure
and make realistic assumptions to avoid cost
overruns.
 Take care of
 What is the overall budget for your project
 What is the kind of cost your project is
incurring
 Adopt cost management tools or check
different parameters - SPI, CPI
 Every costing should be documented with
strong monitoring
Most managers consider financial issues as one of the biggest hurdles in effective project
management.
Major Challenges
CPI - Cost Performance Index
SPI - Schedule Performance Index
TEAM SKILLS
 Inadequate Team members might not be able to
deliver things in time.
 Are your team members trained enough, proper
knowledge of technology do they have?
 Understanding training requirements – Like
insurance company provide LOMA, Standard
Certification, Foreign Training
 Need to talk with your team members often do
they need any soft skill training
 Knowledge sharing environment – Weekly two
sessions can be conducted, sprint
retrospective, key learning point (KLP)
Inadequate skills of team members. As a project manager, you can create the most ideal environment but if the team
does not possess the necessary skills to tackle the problem at hand, your project is bound to fail.
Major Challenges
RISK MANAGEMENT
 Having the foresight to identify potential ‘what if’ scenarios
and making up contingency plans is an important aspect of
project management.
 Have you gone over all the what-if scenario, all the
possible things that could go wrong?
 Do you have all mitigation plans?
 As a PM you should have the foresight to see what is
going to happen in the project, what possible could go
wrong, use your past experience from previous projects
 Should have proper contingency plan
Inadequate risk management. Projects rarely go exactly as planned because there are so many
variables that can create unlimited possibilities.
Major Challenges
LACK OF ACCOUNTABILITY
 Effective project managers assign
responsibilities to team members and
direct the team toward the common
goal of successfully completing their
project.
 As a PM you have to assign task but
also have to ensure that team
members are taking ownership of the
project
 Proper use of project management
tool for clear visibility
A project team performs really well when every member feels responsible and tries to fulfill the role
assigned to them. Lack of accountability on the part of team members can sink an entire project.
Major Challenges
STAKEHOLDER ENGAGEMENT
 Limited stakeholder engagement is a
recipe for disasters
 Stakeholder matrix is important – mark
positive, negative stakeholder
 Engage stakeholder from the very
beginning and take their feedback before
completing a milestone
 Ensure that stakeholders are engaged
and not seating idly, ask for necessary
meetings
The limited engagement of stakeholders.
Major Challenges
UNREALISTIC DEADLINES
 Promising the moon in 02 weeks. Ex - Land Acquisition
within a month.
 As a PM you should know what is your team’s capability
 You should be able to negotiate about project timeline
 Check the velocity on kabana board (Agile Approach)
 You can also cross check with your previous
project/experience
 No matter what your key stakeholders ask/push for a
things to do you have to be realistic and raise your voice.
Having an impossible deadline is another project management challenge that can severely
affect the quality of the end product
Major Challenges
THANK YOU!
If you have any query, please feel free to
Ask Now! Or, You can communicate with
me using the following communication
Channels.
+8801305380592 | +8801675208545
masud2k4cse@gmail.com
www.linkedin.com/in/masud2k4cse
Major Project Management Challenges & The Way Forward

Contenu connexe

Similaire à Major Project Management Challenges and The Way Forward.pptx

Project Manager Primer
Project Manager PrimerProject Manager Primer
Project Manager Primer
Tom Cremins
 
Applying Project Management in the workplace(1)
Applying Project Management in the workplace(1)Applying Project Management in the workplace(1)
Applying Project Management in the workplace(1)
Demilade Adewumi
 
60 minutes to pm
60 minutes to pm60 minutes to pm
60 minutes to pm
bhashem007
 

Similaire à Major Project Management Challenges and The Way Forward.pptx (20)

Fundamentals of project management
Fundamentals of project managementFundamentals of project management
Fundamentals of project management
 
Project management - Basics for all
Project management - Basics for allProject management - Basics for all
Project management - Basics for all
 
Project Manager Primer
Project Manager PrimerProject Manager Primer
Project Manager Primer
 
Project Mng Basics Belarusian State University Final
Project Mng Basics Belarusian State University FinalProject Mng Basics Belarusian State University Final
Project Mng Basics Belarusian State University Final
 
Challenging Aspects of Modern Project Management
Challenging Aspects of Modern Project ManagementChallenging Aspects of Modern Project Management
Challenging Aspects of Modern Project Management
 
PMP Chapter-3_ PMBOK_6(1).pptx
PMP Chapter-3_ PMBOK_6(1).pptxPMP Chapter-3_ PMBOK_6(1).pptx
PMP Chapter-3_ PMBOK_6(1).pptx
 
ATC project management workshop presentation 25 sept
ATC project management workshop presentation 25 septATC project management workshop presentation 25 sept
ATC project management workshop presentation 25 sept
 
project-canvas-manual.pdf
project-canvas-manual.pdfproject-canvas-manual.pdf
project-canvas-manual.pdf
 
Top 10 project mgt. problems
Top 10 project mgt. problemsTop 10 project mgt. problems
Top 10 project mgt. problems
 
Breaking the Project Failure Cycle
Breaking the Project Failure CycleBreaking the Project Failure Cycle
Breaking the Project Failure Cycle
 
Project Manager Job Description.pdf
Project Manager Job Description.pdfProject Manager Job Description.pdf
Project Manager Job Description.pdf
 
project management phase guide
project management phase guideproject management phase guide
project management phase guide
 
Pmbok
PmbokPmbok
Pmbok
 
Project management assignment help
Project management assignment helpProject management assignment help
Project management assignment help
 
PMEC Study Material.pdf
PMEC Study Material.pdfPMEC Study Material.pdf
PMEC Study Material.pdf
 
Applying Project Management in the workplace(1)
Applying Project Management in the workplace(1)Applying Project Management in the workplace(1)
Applying Project Management in the workplace(1)
 
PM_lecture.pdf
PM_lecture.pdfPM_lecture.pdf
PM_lecture.pdf
 
Pm lecture
Pm lecturePm lecture
Pm lecture
 
60 minutes to pm
60 minutes to pm60 minutes to pm
60 minutes to pm
 
25 BENEFITS OF A PROJECT MANAGEMENT OFFICE
25 BENEFITS OF A PROJECT MANAGEMENT OFFICE25 BENEFITS OF A PROJECT MANAGEMENT OFFICE
25 BENEFITS OF A PROJECT MANAGEMENT OFFICE
 

Plus de Md. Masudur Rahman, PMP

Driving Success in Digital Marketing Solutions For TheStumpPro .pdf
Driving Success in Digital Marketing Solutions For TheStumpPro .pdfDriving Success in Digital Marketing Solutions For TheStumpPro .pdf
Driving Success in Digital Marketing Solutions For TheStumpPro .pdf
Md. Masudur Rahman, PMP
 
Amar Bari Amar Khamar
Amar Bari Amar KhamarAmar Bari Amar Khamar
Amar Bari Amar Khamar
Md. Masudur Rahman, PMP
 
Team Building & Leadershipt
Team Building & LeadershiptTeam Building & Leadershipt
Team Building & Leadershipt
Md. Masudur Rahman, PMP
 
Research - Asrayan Project of BD
Research  - Asrayan Project of BDResearch  - Asrayan Project of BD
Research - Asrayan Project of BD
Md. Masudur Rahman, PMP
 
Poshurhaat.pdf
Poshurhaat.pdfPoshurhaat.pdf
Poshurhaat.pdf
Md. Masudur Rahman, PMP
 

Plus de Md. Masudur Rahman, PMP (20)

Content Automation Plan for Corporate Client
Content Automation Plan for Corporate ClientContent Automation Plan for Corporate Client
Content Automation Plan for Corporate Client
 
Kids Story Book design for Kids - Story of Caterpillar
Kids Story Book design for Kids - Story of CaterpillarKids Story Book design for Kids - Story of Caterpillar
Kids Story Book design for Kids - Story of Caterpillar
 
PMP Exam Preparation Course Detailed Outline
PMP Exam Preparation Course Detailed OutlinePMP Exam Preparation Course Detailed Outline
PMP Exam Preparation Course Detailed Outline
 
Published Research Paper on ICPAD 7th Conferrance
Published Research Paper on ICPAD 7th ConferrancePublished Research Paper on ICPAD 7th Conferrance
Published Research Paper on ICPAD 7th Conferrance
 
Chanel Kidswear - Idea for Opening New Business Line
Chanel Kidswear - Idea for Opening New Business LineChanel Kidswear - Idea for Opening New Business Line
Chanel Kidswear - Idea for Opening New Business Line
 
Driving Success in Digital Marketing Solutions For TheStumpPro .pdf
Driving Success in Digital Marketing Solutions For TheStumpPro .pdfDriving Success in Digital Marketing Solutions For TheStumpPro .pdf
Driving Success in Digital Marketing Solutions For TheStumpPro .pdf
 
VIAR Company Profile Presentation for Freelancer Client
VIAR Company Profile Presentation for Freelancer ClientVIAR Company Profile Presentation for Freelancer Client
VIAR Company Profile Presentation for Freelancer Client
 
Sr. Business Development Manager Power Point - Pitch Deck
Sr. Business Development Manager  Power Point - Pitch DeckSr. Business Development Manager  Power Point - Pitch Deck
Sr. Business Development Manager Power Point - Pitch Deck
 
Investment Development perspective in the contrast of BD
Investment Development perspective in the contrast of BDInvestment Development perspective in the contrast of BD
Investment Development perspective in the contrast of BD
 
Presentation Pack for the Scrum Master Viva
Presentation Pack for the Scrum Master VivaPresentation Pack for the Scrum Master Viva
Presentation Pack for the Scrum Master Viva
 
Business Plan - Castleton Trading Inc.pdf
Business Plan - Castleton Trading Inc.pdfBusiness Plan - Castleton Trading Inc.pdf
Business Plan - Castleton Trading Inc.pdf
 
Amar Bari Amar Khamar
Amar Bari Amar KhamarAmar Bari Amar Khamar
Amar Bari Amar Khamar
 
Team Building & Leadershipt
Team Building & LeadershiptTeam Building & Leadershipt
Team Building & Leadershipt
 
Research - Asrayan Project of BD
Research  - Asrayan Project of BDResearch  - Asrayan Project of BD
Research - Asrayan Project of BD
 
Assignment - Public Value and Innovation.pdf
Assignment - Public Value and Innovation.pdfAssignment - Public Value and Innovation.pdf
Assignment - Public Value and Innovation.pdf
 
Case Study as a Scrum Master
Case Study as a Scrum MasterCase Study as a Scrum Master
Case Study as a Scrum Master
 
User Manual Book Poshurhaat
User Manual Book PoshurhaatUser Manual Book Poshurhaat
User Manual Book Poshurhaat
 
Poshurhaat.pdf
Poshurhaat.pdfPoshurhaat.pdf
Poshurhaat.pdf
 
CV of Md. Masudur Rahman, PMP.pdf
CV of Md. Masudur Rahman, PMP.pdfCV of Md. Masudur Rahman, PMP.pdf
CV of Md. Masudur Rahman, PMP.pdf
 
LAC-127-129th.pdf
LAC-127-129th.pdfLAC-127-129th.pdf
LAC-127-129th.pdf
 

Dernier

No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
Sheetaleventcompany
 
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptxChiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
raffaeleoman
 
If this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New NigeriaIf this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New Nigeria
Kayode Fayemi
 

Dernier (20)

SaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, YardstickSaaStr Workshop Wednesday w/ Lucas Price, Yardstick
SaaStr Workshop Wednesday w/ Lucas Price, Yardstick
 
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
No Advance 8868886958 Chandigarh Call Girls , Indian Call Girls For Full Nigh...
 
ICT role in 21st century education and it's challenges.pdf
ICT role in 21st century education and it's challenges.pdfICT role in 21st century education and it's challenges.pdf
ICT role in 21st century education and it's challenges.pdf
 
Air breathing and respiratory adaptations in diver animals
Air breathing and respiratory adaptations in diver animalsAir breathing and respiratory adaptations in diver animals
Air breathing and respiratory adaptations in diver animals
 
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdfThe workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
The workplace ecosystem of the future 24.4.2024 Fabritius_share ii.pdf
 
Causes of poverty in France presentation.pptx
Causes of poverty in France presentation.pptxCauses of poverty in France presentation.pptx
Causes of poverty in France presentation.pptx
 
Thirunelveli call girls Tamil escorts 7877702510
Thirunelveli call girls Tamil escorts 7877702510Thirunelveli call girls Tamil escorts 7877702510
Thirunelveli call girls Tamil escorts 7877702510
 
Dreaming Music Video Treatment _ Project & Portfolio III
Dreaming Music Video Treatment _ Project & Portfolio IIIDreaming Music Video Treatment _ Project & Portfolio III
Dreaming Music Video Treatment _ Project & Portfolio III
 
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptxChiulli_Aurora_Oman_Raffaele_Beowulf.pptx
Chiulli_Aurora_Oman_Raffaele_Beowulf.pptx
 
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdfAWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
AWS Data Engineer Associate (DEA-C01) Exam Dumps 2024.pdf
 
ANCHORING SCRIPT FOR A CULTURAL EVENT.docx
ANCHORING SCRIPT FOR A CULTURAL EVENT.docxANCHORING SCRIPT FOR A CULTURAL EVENT.docx
ANCHORING SCRIPT FOR A CULTURAL EVENT.docx
 
Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...
Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...
Busty Desi⚡Call Girls in Sector 51 Noida Escorts >༒8448380779 Escort Service-...
 
If this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New NigeriaIf this Giant Must Walk: A Manifesto for a New Nigeria
If this Giant Must Walk: A Manifesto for a New Nigeria
 
My Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle BaileyMy Presentation "In Your Hands" by Halle Bailey
My Presentation "In Your Hands" by Halle Bailey
 
Introduction to Prompt Engineering (Focusing on ChatGPT)
Introduction to Prompt Engineering (Focusing on ChatGPT)Introduction to Prompt Engineering (Focusing on ChatGPT)
Introduction to Prompt Engineering (Focusing on ChatGPT)
 
Dreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video TreatmentDreaming Marissa Sánchez Music Video Treatment
Dreaming Marissa Sánchez Music Video Treatment
 
Governance and Nation-Building in Nigeria: Some Reflections on Options for Po...
Governance and Nation-Building in Nigeria: Some Reflections on Options for Po...Governance and Nation-Building in Nigeria: Some Reflections on Options for Po...
Governance and Nation-Building in Nigeria: Some Reflections on Options for Po...
 
VVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara Services
VVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara ServicesVVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara Services
VVIP Call Girls Nalasopara : 9892124323, Call Girls in Nalasopara Services
 
Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...
Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...
Re-membering the Bard: Revisiting The Compleat Wrks of Wllm Shkspr (Abridged)...
 
Mohammad_Alnahdi_Oral_Presentation_Assignment.pptx
Mohammad_Alnahdi_Oral_Presentation_Assignment.pptxMohammad_Alnahdi_Oral_Presentation_Assignment.pptx
Mohammad_Alnahdi_Oral_Presentation_Assignment.pptx
 

Major Project Management Challenges and The Way Forward.pptx

  • 1. MAJOR PROJECT MANAGEMENT CHALLENGES & WAY FORWARD M D . M A S U D U R R A H M A N , P M P D A T E : 1 4 O C T O B E R 2 0 2 2
  • 2. ABOUT ME  Graduation From KUET  Subject Computer Science & Engineering (CSE)  Years of Experience 12+ Years  2009: Assistant Programmer  2010: Software Engineer (MIR Group)  2012: Senior Software Engineer (Team Lead)  2015: Project Manager  2016: IT Project Manager (MetLife)  2019: BCS Administration Cadre WORK EXPERIENCE Project Management Related Training  PMP Exam Preparation Course (PMSBD)  Planning & Development (NAPD)  Development Administration (NAPD & AIT, Thailand) Major Challenges & The Way Forward ACHIEVED MY PMP – 27 NOV, 2021 2
  • 3. UNDERSTANDING PROJECT BASICS 4 IMPORTANCE OF PROJECT MANAGEMENT 6 PROJECT MANAGEMENT KNOWLEDGE AREAS 7 PROJECT CONSTRAINTS 8 SHORT VIDEO 9 MAJOR CHALLENGES 10 TO 18 THE WAY FORWARD 10 TO 18 QUESTION & ANSWER 19 CHALLENGES AND THE WAY FORWARD MAJOR PROJECT MANAGMENT SESSION OVERVIEW Major Challenges & The Way Forward 3
  • 4. PROJECT A product that can be either component of another item or an item in itself Product A service or a capability to perform a service Service A result, such as an outcome or An improvement in the existing product or service lines. Result/Improvement A Project  Is a temporary endeavor undertaken to  Creates a unique product, service, or result.
  • 5. CATEGORY PROJECTS OPERATIONS Definition A project is an temporary endeavor Operations are ongoing execution of activities which occur after product is made to produce same result or a repetitive service. Product Unique product is created.. Same product is produced to keep system running. Risk It has more risk as it is done for first time. It has less risk as such products have already been made before. Focus Performance is primary focus of projects. Efficiency is primary focus. Budget The budget is Defined for Projects. The budget is not defined for Operations as the earning needs to be done to keep operations alive. Example Construction of a new building or road Renovation of a building Film making Customer service and relationship management, Procurement
  • 6. The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements. Business Process Management. PROJECT MANAGEMENT various methods to discover, model, analyze, measure, improve, optimize, and automate business processes
  • 7. Project Management Institute (PMI) is the leading professional association for project management, and the authority for a growing global community of millions of project professionals and individuals who use project management skills. PROJECT KNOWLEDGE AREAS PMBOK – Project Management Body Of Knowledge
  • 8. PROJECT CONSTRAINTS SCOPE “The scope constraint refers to not only what the project includes, but also what is excluded”. In most cases, the scope of a project will refer to the specific deliverables that have been agreed upon by key stakeholders and must be delivered in order to close the project. Any deliverables that were not included in the original plan are therefore out of scope. TIME (SCHEDULE) The project timeline will be important to the outcome, as failing to stay on schedule could result in the failure of the project as a whole. Having a well-defined project plan is one of the most crucial strategies for effective time management. COST (BUDGET) Cost (or budget) is simply the amount of money that can be invested in a particular activity to achieve the desired outcome. It is important to estimate the costs associated with the project as accurately as possible before the plan is set in motion. Project constraint is a limiting factor that affects the execution of a project, program, portfolio or a process. Six primary constraints in project Management Scope, Time (Schedule), Cost (Budget), Quality, Resources, and Risk. Out of these the first three are considered as triple constraints of project management. PROJECT CONSTRAINTS Project Constraints 8
  • 9. LET’S WATCH A SHORT VIDEO Short Video On Project Management 9
  • 10. SCOPE CREEP  Scope creep in project management refers to changes, continuous or uncontrolled growth in a project’s scope, at any point after the project begins.  Proactively engaging with clients during the project planning phase can help to understand their exact requirements.  Changes are expected but How do you manage scope/scope changes – CCB, CR  Stick to the initial plan (Approved Project Document – BRD, FRD, Project Charter etc.)  Planning your resources and talent usages accurately is also important Clients who don’t precisely know what they want and have vague requirements are one of the biggest project management challenges for both managers and the project team. Major Challenges CCB – Change Control Board, CR – Change Request, BRD – Business Requirement Document, FRD – Functional Requirement Document
  • 11. EFFECTIVE COMMUNICATION  As a PM, 70-90% of your time you have to provide to communicate with your team members.  Comm. Channels: Zoom, Slack, Email, Team Viewer, Video Conference, Skype, Google Meet.  Regular Short Stand Up meetings (Agile) N.B: Communication should be effective – Team should understand that your emails/posts are important. Lack of Effective Communication is one of the major challenges of Project Management. Miscommunication is also dangerous for project teams because it affects their teamwork. It can cause conflicts among team members and can potentially delay the project. Major Challenges
  • 12. DEFINATION OF DONE  Quality Criteria or Success Criteria should be defined.  Agreement in terms of when the project will be done, when a milestone will be met.  What should be done in order to achieve a project milestone.  Design Milestone – Only creating a PSD or getting approval from key stakeholders.  Written documents or smart goals could be a solution.  There are issues, if you don’t have DOD, you might think the project is done, but it might not meet the expectations of project stakeholders.  When goals are fixed you have to be clearly share it with your team members so that they know what they have to achieve. Lack of clear goals and success criteria. Clarity is one of the most important requirements for the successful completion of the project and the lack of it creates several project management issues. Major Challenges
  • 13. BUDGETING ISSUES  This is related to Project Cost & Schedule Management.  It is absolutely necessary to adopt a proper project scheduling tool, budgeting procedure and make realistic assumptions to avoid cost overruns.  Take care of  What is the overall budget for your project  What is the kind of cost your project is incurring  Adopt cost management tools or check different parameters - SPI, CPI  Every costing should be documented with strong monitoring Most managers consider financial issues as one of the biggest hurdles in effective project management. Major Challenges CPI - Cost Performance Index SPI - Schedule Performance Index
  • 14. TEAM SKILLS  Inadequate Team members might not be able to deliver things in time.  Are your team members trained enough, proper knowledge of technology do they have?  Understanding training requirements – Like insurance company provide LOMA, Standard Certification, Foreign Training  Need to talk with your team members often do they need any soft skill training  Knowledge sharing environment – Weekly two sessions can be conducted, sprint retrospective, key learning point (KLP) Inadequate skills of team members. As a project manager, you can create the most ideal environment but if the team does not possess the necessary skills to tackle the problem at hand, your project is bound to fail. Major Challenges
  • 15. RISK MANAGEMENT  Having the foresight to identify potential ‘what if’ scenarios and making up contingency plans is an important aspect of project management.  Have you gone over all the what-if scenario, all the possible things that could go wrong?  Do you have all mitigation plans?  As a PM you should have the foresight to see what is going to happen in the project, what possible could go wrong, use your past experience from previous projects  Should have proper contingency plan Inadequate risk management. Projects rarely go exactly as planned because there are so many variables that can create unlimited possibilities. Major Challenges
  • 16. LACK OF ACCOUNTABILITY  Effective project managers assign responsibilities to team members and direct the team toward the common goal of successfully completing their project.  As a PM you have to assign task but also have to ensure that team members are taking ownership of the project  Proper use of project management tool for clear visibility A project team performs really well when every member feels responsible and tries to fulfill the role assigned to them. Lack of accountability on the part of team members can sink an entire project. Major Challenges
  • 17. STAKEHOLDER ENGAGEMENT  Limited stakeholder engagement is a recipe for disasters  Stakeholder matrix is important – mark positive, negative stakeholder  Engage stakeholder from the very beginning and take their feedback before completing a milestone  Ensure that stakeholders are engaged and not seating idly, ask for necessary meetings The limited engagement of stakeholders. Major Challenges
  • 18. UNREALISTIC DEADLINES  Promising the moon in 02 weeks. Ex - Land Acquisition within a month.  As a PM you should know what is your team’s capability  You should be able to negotiate about project timeline  Check the velocity on kabana board (Agile Approach)  You can also cross check with your previous project/experience  No matter what your key stakeholders ask/push for a things to do you have to be realistic and raise your voice. Having an impossible deadline is another project management challenge that can severely affect the quality of the end product Major Challenges
  • 19. THANK YOU! If you have any query, please feel free to Ask Now! Or, You can communicate with me using the following communication Channels. +8801305380592 | +8801675208545 masud2k4cse@gmail.com www.linkedin.com/in/masud2k4cse Major Project Management Challenges & The Way Forward