Fundamentals of Project Planning and Management

Start Date: 07/05/2020

Course Type: Common Course

Course Link:

About Course

Projects are all around us. Virtually every organization runs projects, either formally or informally. We are engaged in projects at home and at work. Across settings, planning principles and execution methodologies can offer ways in which projects can be run more effectively and efficiently. Project management provides organizations (and individuals) with the language and the frameworks for scoping projects, sequencing activities, utilizing resources, and minimizing risks. This is an introductory course on the key concepts of planning and executing projects. We will identify factors that lead to project success, and learn how to plan, analyze, and manage projects. Learners will be exposed to state-of-the-art methodologies and to considering the challenges of various types of projects. As a Project Management Institute (PMI®) Registered Education Provider, the University of Virginia Darden School of Business has been approved by PMI to issue 12 professional development units (PDUs) for this course, which focuses on core competencies recognized by PMI. (Provider #2122)

Course Syllabus

Welcome to the course -- we're excited you're here! In our first week, we'll gain an understanding of what a project is, what it isn't, and why that matters. We'll consider how projects are defined and a project’s three objectives. We'll look at a model for examining a project’s organization and its stakeholders, and then analyze those stakeholders using a power/interest grid. We'll look at the main reasons why many projects fail and then learn how to measure success. Finally, we'll review the key stages in the project life cycle and highlight the important features of each stage.

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Course Introduction

Fundamentals of Project Planning and Management This course offers an introduction to the fundamental concepts of project planning and management, covering such topics as project initiation, project monitoring and control, project cancellation policy, project schedule and performance management, project planning and performance evaluation, and project exit management. You will gain a foundation for more advanced study in project planning and management, including topics in logistics and project operations management. By the end of this course, you will be able to: - Develop a project schedule and performance evaluation plan for your project. - Conduct a project inventory and budget. - Control project timelines. - Evaluate project assets and performance. - Conduct a project budget monitoring and control plan. - Manage project resources to ensure the environment is cleaned up and the population figures are handled properly. - Organize and evaluate project resources to ensure the population figures are handled properly. - Design a project budget monitoring and control plan. - Evaluate project assets and performance. - Conduct a project budget monitoring and control plan. - Evaluate project performance. - Conduct a project audit and control plan. - Prepare project termination policies. Fundamentals of Project Planning and Management Project Monitoring and Control Project Schedule and Performance Evaluation Finance for Everyone Finance is for Everyone. This course is designed to help you make personal finance decisions for your own financial goals, while also helping you learn more about finance

Course Tag

Risk Analysis Project Planning Planning Management Project Management

Related Wiki Topic

Article Example
Project planning The inputs of the project planning phase 2 include the project charter and the concept proposal. The outputs of the project planning phase include the project requirements, the project schedule, and the project management plan.
Project planning Project planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment.
Outline of project management Project management process – is the management process of planning and controlling the performance or execution of a project. Typical phases include:
Project planning Project planning can be done manually, but project management software is often used.
Software project management Software project management is the art and science of planning and leading software projects. It is a sub-discipline of project management in which software projects are planned, implemented, monitored and controlled.
Project management A project manager is a professional in the field of project management. Project managers can have the responsibility of the planning, execution, controlling, and closing of any project typically relating to the construction industry, engineering, architecture, computing, and telecommunications. Many other fields of production engineering, design engineering, and heavy industrial have project managers.
Project management At the same time, as project-scheduling models were being developed, technology for project cost estimating, cost management and engineering economics was evolving, with pioneering work by Hans Lang and others. In 1956, the American Association of Cost Engineers (now AACE International; the Association for the Advancement of Cost Engineering) was formed by early practitioners of project management and the associated specialties of planning and scheduling, cost estimating, and cost/schedule control (project control). AACE continued its pioneering work and in 2006 released the first integrated process for portfolio, program and project management (Total Cost Management Framework).
Project planning Initially, the project scope is defined and the appropriate methods for completing the project are determined. Following this step, the durations for the various tasks necessary to complete the work are listed and grouped into a work breakdown structure. Project planning is often used to organize different areas of a project, including project plans, work loads and the management of teams and individuals. The logical dependencies between tasks are defined using an activity network diagram that enables identification of the critical path. Project planning is inherently uncertain as it must be done before the project is actually started. Therefore the duration of the tasks is often estimated through a weighted average of optimistic, normal, and pessimistic cases. The critical chain method adds "buffers" in the planning to anticipate potential delays in project execution. Float or slack time in the schedule can be calculated using project management software. Then the necessary resources can be estimated and costs for each activity can be allocated to each resource, giving the total project cost. At this stage, the project schedule may be optimized to achieve the appropriate balance between resource usage and project duration to comply with the project objectives. Once established and agreed, the project schedule becomes what is known as the baseline schedule. Progress will be measured against the baseline schedule throughout the life of the project. Analyzing progress compared to the baseline schedule is known as earned value management.
Project Management Body of Knowledge Much of "the PMBOK Guide" is unique to project management e.g. critical path method and work breakdown structure (WBS). "The PMBOK Guide" also overlaps with general management which both include planning, organising, staffing, executing and controlling the operations of an organisation. Other management disciplines which overlap include financial forecasting, organisational behaviour, management science, budgeting and other planning methods.
Project cost management Planning cost management involves determining the policies, procedures, and documentation that will be used for planning, executing, and controlling project cost. The main output of this process is a cost management plan.
Project management Project management can apply to any project, but it is often tailored to accommodate the specific needs of different and highly specialized industries. For example, the construction industry, which focuses on the delivery of things like buildings, roads, and bridges, has developed its own specialized form of project management that it refers to as "Construction project management" and in which project managers can become trained and certified. The Information technology industry has also evolved to develop its own form of Project management that is referred to as "IT Project management" and which specializes in the delivery of technical assets and services that are required to pass through various lifecycle phases such as planning, design, development, testing, and deployment. "Biotechnology project management" focuses on the intricacies of biotechnology research and development.
Project cost management Project Cost Management is one of the ten "Knowledge Areas" outlined in the A Guide to the Project Management Body of Knowledge (aka the PMBOK Guide). It is used during the Planning and Monitoring & Controlling "Process Groups."
Social project management While Project management 2.0 embraced a philosophical shift away from centralized command and control and focused strongly on the egalitarian collaboration of a team, social project management recognizes the important role of the project manager, especially on large projects. Additionally, while Project management 2.0 minimized the importance of computer-supported scheduling, social project management recognizes that while many projects can be performed using emergent planning and control, large, enterprise projects require centralized control accompanied by seamless collaboration.
Project management As a discipline, project management developed from several fields of application including civil construction, engineering, and heavy defense activity. Two forefathers of project management are Henry Gantt, called the father of planning and control techniques, who is famous for his use of the Gantt chart as a project management tool (alternatively "Harmonogram" first proposed by Karol Adamiecki); and Henri Fayol for his creation of the five management functions that form the foundation of the body of knowledge associated with project and program management. Both Gantt and Fayol were students of Frederick Winslow Taylor's theories of scientific management. His work is the forerunner to modern project management tools including work breakdown structure (WBS) and resource allocation.
Collaborative project management Collaborative project management is based on the principle of actively involving all project members in the planning and control process and of networking them using information, communication, and collaboration modules. Management is not regarded as an activity reserved solely for managers but as an integral part of the project work of all team members.
Project management Critical chain project management (CCPM) is a method of planning and managing project execution designed to deal with uncertainties inherent in managing projects, while taking into consideration limited availability of resources (physical, human skills, as well as management & support capacity) needed to execute projects.
Project cycle management Project cycle management (PCM) is the process of planning, organizing, coordinating, and controlling of a project effectively and efficiently throughout its phases, from planning through execution then completion and review to achieve pre-defined objectives or satisfying the project stakeholder by producing the right deliverable at the right time, cost and quality.
Project management software Project management software has the capacity to help plan, organize, and manage resource tools and develop resource estimates. Depending on the sophistication of the software, it can manage estimation and planning, scheduling, cost control and budget management, resource allocation, collaboration software, communication, decision-making, quality management and documentation or administration systems. Today, numerous PC & browser based project management software and contract management software solutions exist, and are finding applications in almost every type of business.
Extreme project management Traditional project management is defined as an approach which assesses the project through five process groups: initiation, planning, execution, monitoring and completion.
Project management Project management software is software used to help plan, organize, and manage resource pools, develop resource estimates and implement plans. Depending on the sophistication of the software, functionality may include estimation and planning, scheduling, cost control and budget management, resource allocation, collaboration software, communication, decision-making, workflow, risk, quality, documentation and/or administration systems.