Project Management | Harold R. Kerzner

Summary of: Project Management: A Systems Approach to Planning, Scheduling, and Controlling
By: Harold R. Kerzner

Introduction

Welcome to a transformative journey through the world of ‘Project Management: A Systems Approach to Planning, Scheduling, and Controlling’ by Harold R. Kerzner. This book summary serves as your guide in understanding the essentials of successful project management: from defining project success to strategic planning and managing scope changes. Get acquainted with the ’16 Points to Project Management Maturity’ and the importance of establishing a project office. Learn how to navigate the complexities of project management, including conflict-resolution, work breakdown, risk levels, and project execution while maintaining the highest quality standards.

Achieving Project Management Maturity

In order to improve a company’s internal operations and ensure long-term profitability, executives must take a strategic approach to project management. This requires first defining success and identifying expected returns for projects. The role of project managers must also be clearly defined in terms of interactions with line managers, executives, and the organization as a whole. Involving executives in the process is crucial, but to achieve true project management maturity, companies must follow 16 professional guidelines aimed at building capacity and ensuring successful project outcomes.

Effective Project Management

Successful project management requires a well-structured process using a maximum of six stages, with gates – or checkpoints – between them. Mature project management focuses on creating flexible, standardized processes that integrate with company culture and reflect a systems approach. These processes should be sufficiently detailed for all team members to apply to a variety of projects or endeavors while providing standardized reports and templates. Remember that excessive gate reviews, in an attempt to refine the process, can prevent the completion of the project.

Mastering Project Management

Today’s complex organizations require project management maturity to execute multiple, high-quality projects in a short time. Creating a focused philosophy and establishing a project office with the right staff, including a skilled project manager, assistant, and team, is crucial. Conflict is inevitable but savvy project managers should assess the situation and root cause, avoiding personality types that cause disruption. Instead, it is best to select supportive personalities.

Mastering Project Management

Planning, execution, and risk assessment are essential skills for project managers. A project plan should include objectives, programs, schedules, budgets, forecasts, organizations, policies, procedures, and standards. To ensure a successful project, strong executive support and a dedicated implementation team are vital. Milestones, dependencies, and work breakdown are tools that help manage projects. Project management requires departing from traditional business models and emphasizes relationships. Assessing project risk is necessary, and researching previous similar projects can help create probability distributions for potential risks.

As a project manager, mastering planning, execution, and risk assessment is vital. For a successful project, the plan should include objectives, programs, schedules, budgets, forecasts, organizations, policies, procedures, and standards. Strong executive support and a dedicated implementation team are vital to ensure a successful implementation. To guarantee a project is well managed, tools such as milestones, dependencies, and work breakdown should be utilized. The traditional business model should be departed, and emphasis should be placed on maintaining robust relationships to guarantee a successful project. Assessing project risk is necessary, and researching previous similar projects can help in creating probability distributions for potential risks. Project management requires attention to detail, proper planning and execution, and careful risk assessment for success.

Effective Project Management

Effective project management demands timely completion, budget constraints, minimal deviation from scope, and uninterrupted workflow. The scope statement is the crux of project planning, detailing deliverables, objectives, and benefits of the project. Experienced managers create highly organic structures to respond faster to the developing situations, addressing the mission’s consistent change. Cost of quality, also known as the cost of conformance, should be carefully considered while defining objectives, as non-conformance carries more negative impacts. A thorough review of proposed changes to the project must be done within the context of the project’s scope statement.

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