[PMP] Define Project Management Foundations

✅ Projects are Temporary

• Temporary doesn't mean short-duration (it's not ongoing)

✔️ Projects end when :

• Objectives met
• Objectives cannot or will not be met
• Funds are depleted
• Need no longer exists (ex.더 나은 기술이 나왔다)
• Resources are no longer available (ex.human, material resources)
• Legalities or convenience terminates the project

✅ Project Create Unique Products, Services, Or Results

✔️ Projects Drive Changes :

• changing from current state to future state
• could have a transition state (전환상태) as the project moves to future state

✔️ MAC D

• PROJECT is moving, adding, changing, deleting something

✅ Projects enable Business Value Creation

• why does organization do a project? => project initiation context

✔️ Business value means benefits for the organization and stakeholders

1. Tangible business value :

• monetary(통화의) assets
• stockholder equity
• fixtures(비품) and tools
• market share

2. Intangible business value :

• goodwill(친선, 호의) and reputation
• brand recognition
• public benefit (공익)
• trademarks
• strategic alignment (전략적 제휴)

✅ Project Intiation Context - Why Projects are CREATED

1. regulatory, legal, or social requirements : obligated to do the project
2. stakeholder requests
3. technological advances
4. create, improve or fix products, processes or services : MAC D

✅ Defining Project Management

• application of knowledge, skills, tools, and techniques to meet the project requirements

✔️ project manager

• is an individual who manages projects well done
• is an individual who manages the change in organizations that manages to change from moving the current state to that desired future state and all the logistics and all the different parts of that organization that are touched by that change
• there are 49 project management processes
• project managements utilizes all of those processes as needed

✔️ five project management process groups

1. initiationg
2. planning
3. executing
4. monitoring and controlling
5. closing

✔️ Typical Project Management

• Identifying requirements
• Addressing needs, concerns, and expectations of stakeholders
• Setting up, maintaining and carrying out communications
• Managing stakeholders
• Balancing competing project constraints
  • scope, quality, scedule, budget, resources, risks

✔️ Progressive Elaboration (broad -> specific)

• Idea or concept
• Formulate(공식화하다) the idea
• Business case
• Feasibility(실행 가능성) study
• Project

✅ Project Management Applcation Area

• Application Area
  • Construction
  • Health care
  • Government
  • Information Technology
• The principles of project management can span all application areas
• 분야와 상관없이 프로젝트는 "프로젝트"

✅ Project Management Life Cycle

✔️ Project management life cycle : IPECC

1. INITIATING
2. PLANNING
3. EXECUTING
4. CONTROLLING AND MONITORING
5. CLOSING**

• Project life cycle
  • Phases of the project
  • unique to that application area - has own project life cycle (제조, It 등등)

📃Summary

• what is a project? : 프로젝트란 무엇인가?
• temporary nature of projects : 프로젝트는 한시적이다
• business value : 프로젝트는 비즈니스 가치를 생성한다
• project initiation context : 프로젝트 시작 컨텍스트
• project management application areas : 프로젝트 관리 응용 분야
• what is the project management? : 프로젝트 관리 정의
• project manaement life cycle : 프로젝트 관리 라이프 사이클

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