The project management profession is becoming increasingly popular today. There are numerous project management certification programs on the market. The most modern and innovative program today is the BVOP Project Management Certification by BVOP.org – Business Value-Oriented Principles Ltd.
Business Value-Oriented Project Management Certification
BVOP is a different form of training that incorporates new business principles of management, expressing at the core the business value as a key factor for the success of projects, products, and organizations.
Let’s still explain to the readers what project management is after all.
Project management. Basics. Project and Operations Management
Most often, the project is identified with a set of heterogeneous activities with unique content to solve a complex, non-standard problem with imposed time constraints, costs, and predefined quality requirements. The set of activities, ie the scope of the project is unique. Unique content implies the presence of a specific organization. There are limits, namely: time, cost and quality.
Operations only exist in a stable external environment. Operations and projects coexist. The transitional nature of the projects also implies transitional resources. The focus of the projects is on the goals.
Difference between projects and operations: the environment in projects is dynamic, while in operations it is stable and sustainable; the focus is on project management results, ie fulfillment of the project objectives, not the perfection of the activities performed, as in the operations; in project management, the members of the project team fulfill enriched, expanded work roles/responsibilities/, while in the operatives we have predefined roles; in terms of risk, projects are associated with a high degree of risk, while in the operation the risk is zero.
The main objectives of project management are soft / time, cost and quality / and firm/scope and organization / For soft targets, failure to meet a project deadline, the schedule does not mean the end, failure of the project. That’s why it’s soft. To these goals, another risk objective can be distinguished.
Project goal management involves the application of specific techniques and tools that are included in the so-called core of project management knowledge. It combines 2 groups of critical path methods and cost control methods.
Time management is a method that involves the creation of a network graphic for the implementation of project activities
The critical path method involves 3 techniques: work package structure or range management technique; hierarchical structuring of the organization; cost structuring.
The link between work package structure and organizational hierarchical structuring is a matrix for allocating roles and responsibilities
The relationship between the hierarchical structure of the organization and the cost structure of the matrix of accounts
The relationship between the three-tech cost control cube.
The project is conditional on 4 phases:
The project is conceptually initiated, it is established whether the company has practically the necessary potential. This phase ends with the decision to implement the project
Planning in a project environment is creeping, not detailed. Detailed planning is implemented in the implementation phase. There are several main objectives here: the structure of work packages is being developed; system specifications, re-evaluate the cost of the project, create the appropriate organization for the allowable use of resources, the scheme of availability of resources. It ends with development permission.
Implementation and control characteristic activities communication and training of team members; Detailed budgeting, the structure of work packages, specific network project, control assessments, and valuation, on-screen development of the project.
Closing of each project could be interrupted or terminated on a timely basis depending on the results obtained on the basis of a project audit. Concrete steps are the result. All the information on the project is archived, 2 the work of the team members and the project manager is evaluated and most importantly the immediate result of the project is implemented / the tool in the real practice /.
Project life cycle
Major life cycle phases. According to Rodney Turner, the main phases are 4.
1. Conceptual – in the conceptual phase, the project is initiated/defined/. The scope and business goals to be pursued are determined. A functional specification is being developed. An evaluation of the project’s feasibility is made. This assessment is preliminary, general and inaccurate. The tolerance is 30%. The conceptual phase ends with the decision to start the project;
2. Creeping Planning – In the creeping planning phase, system specifications are developed, resources are planned / human, material, financial, etc. / valuation is made. The tolerance is a10%. A timetable or timetable for the project is drawn up. A development decision is made;
3. Characteristic of the implementation and control phase is the training of team members and communication. Detailed planning and evaluation of resources. Planning tolerance is 5%. Planning is called creeping because it is implemented throughout the project lifecycle. Structure and distribution of work. Some of the activities that have been missed may be added, others may be deleted if they prove unnecessary. Audits, optimization, and control are performed;
4. Completion – during this phase the teams are disbanded due to the completion of the work. Archiving project information to accumulate project management scientific know-how as a result of project implementation.
Project management in its context requires the implementation of a strategic planning and management approach.
Project management in its context requires the implementation of a strategic planning and management approach. This approach includes the following basic elements.
1. A comprehensive project management mindset;
2. Management focused on the result and achievement of the goals;
3. Management of the contractor through adequate resources.
The hierarchical structure of the scope – a set of diverse activities and a clear definition of the intermediate results. This is obtained through the structure of work packages.
1. Focus on the end result, not perfection.
2. A clear bargaining arrangement between project participants is achieved through the role and responsibility allocation matrix.
3. Selecting an adequate organizational structure