LO1: Project Management Plan
and Subsidiary Plans
Learning Steps
1.1 Contrast business organizations (for profit) and non-for-profit organizations?
1.2 Describe basic business terms such as revenues, expenses, income/profits, assets, and liabilities.
1.3 Explain project management plan?
1.4 Contrast project management plan VS subsidiary plans
1.5 Explain the purpose of comprehensive project management plan?
1.6 Review subsidiary (components of project plan) plans?
1.7 Discuss project integration management.
1.8 Explain the importance of tailoring for a project.
Meet your instructor
Nitin Sreekumar
(Pronounced as Nithin)
sreekumar9387@saskpolytech.ca
Project Manager
Years of experience 6+
Worked in 5 countries
Teaching and Training
6+ years in Construction, Corporate,
Manufacturing, Supply Chain,
Research, Finance and PMP Training
Course Rules!
Best way to get in touch Live Brightspace!
sreekumar9387@saskpolytech.ca Twice a day, everyday!!!
Best time to ask questions Course Calendar!
In the class / after the class We do not have course reminders!
Discuss something private? Weather conditions!!!
Set up an appointment We may have Zoom classes!
Office Hours! Leave/Late/Miss Classes
Updated on Brightspace We don’t want to do that!
by appointment over zoom
or in office
Our course is based on!
Business VS non-for-profits
Business Non-profit organizations
” ”
All profit-seeking activities and Organizations whose primary
enterprises that provide goods aims are public service, not
and services necessary to an returning a profit to their
economic system. owners..
– Contemporary Business, Canadian Edition – Contemporary Business, Canadian Edition
The business basics!
” ”
Revenues aka Sales: Funds Expenses: Generally, you can
received from the sales of define an expense as a product
goods and services over the or service you buy from a
specified period. vendor for the purpose of
running your business.
– Contemporary Business, Canadian Edition
– Accounting Savvy for Business Owners
”
Income/Profits: It is equal to
the total revenue, less the total
expenses.
Understanding Business– Self
Learning Module
Linkedin Learning costs US$ 39.99 / month but its free for you (Sask Polytech students)
Let’s set up your LinkedIn Learning
Accounts!!!
What are projects and why do
organizations run projects?
What are projects and why do
organizations run projects?
The only possible way for organizations to get at a desired position is through projects
We are here We want to get here
OK! So, what is pre-project work?
PMBOK 6TH Edition
Project life cycle VS Process Groups
Figure 1-5. Interrelationship of PMBOK Guide Key Components in Projects from PMBOK 6th Edition
Class Activity: Project life cycle
Let's discuss and elaborate a Project Life Cycle of a Project.
Focus area of this activity?
➔ How do organizations get list of potential projects?
➔ How do organization select projects? (LO4)
➔ And the project life cycle
What is a project management plan?
”
According to PMI, Project
Management Plan is: The
document that describes how
project will be executed,
monitored and controlled.
– PMBOK 6 TH Edition
What is a project management plan?
Project Project
Integration Scope
Management Management
Project Project
Resources
Management
Schedule
Management
The Project Management Plan
integrates and consolidates all
of the subsidiary management
Project
Procurement
Project
Cost
plans and baselines, and other
Management Management
information necessary to
manage the project.
Project Project
Quality Communication
Management Management
Project Project
Risk Stakeholder
Management Management
Illustration: https://blog.xoxoday.com/post/understanding-the-organisational-culture-iceberg-to-drive-organizational-success
Project Integration
Management?
”
Project Integration Management:
includes characteristics of unification,
consolidation, communication and
interrelationship. These actions
should be applied from the start of
the project through completion. .
– PMBOK 6 TH Edition
Project Management Plan components
Project Management Plan components
PROJ606
Comm Stakeholder Stakeholder Risk
Project Stakeholder
Management Management Engagement Management Risk Register
Charter Register
Plan Plan Plan Plan
Project Management Plan components
PROJ606
Comm Stakeholder Stakeholder Risk
Project Stakeholder
Management Management Engagement Management Risk Register
Charter Register
Plan Plan Plan Plan
Scope Work Schedule Resource Project
Requirement Scope Duration
Management Breakdown Management Assignment Calendar &
Documents Statement Estimation
PROJ607
Plan Structure Plan Schedule
Cost Quality
Cost
Management Budget Management
Estimation
Plan Plan
Project Management Plan components
PROJ606
Comm Stakeholder Stakeholder Risk
Project Stakeholder
Management Management Engagement Management Risk Register
Charter Register
Plan Plan Plan Plan
Scope Work Schedule Resource Project
Requirement Scope Duration
Management Breakdown Management Assignment Calendar &
Documents Statement Estimation
PROJ607
Plan Structure Plan Schedule
Cost Quality
Cost
Management Budget Management
Estimation
Plan Plan
PROJ605
PROJ608
Project
Team Network Vendor Bidding
Procurement Contracts
Charter Diagram Selection Documents
Management
Are all the project management
processes applicable on all projects?
Tailoring for the project
”
Tailoring: Tailoring is the
deliberate adaptation of the
project management approach,
governance, and processes to
make them more suitable for
the given environment and the
work at hand.
It entails the mindful selection
and adjustment of multiple
project factors… … …
– PMBOK 7 TH Edition
PMBOK Guide 7TH Edition Why Tailor?
What to Tailor?
Project aspects that can be tailored are:
➔ Life cycle and development approach selection
➔ Processes (added, modified, removed, blended and aligned)
➔ Engagement (people, empowerment and integration)
➔ Tools
➔ Methods and artifacts
