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lecture notes about the integration
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SWE-466 Software Project Management
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Course Learning Objectives:
SWE-466 Software Project Management ¨ Describe an overall framework for project integration management as it relates to the other project management knowledge areas and the project life cycle ¨ Discuss the strategic planning process and apply different project selection methods ¨ Explain the importance of creating a project charter to formally initiate projects ¨ Describe project management plan development, understand the content of these plans, and review approaches for creating them
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SWE-466 Software Project Management ¨ Project managers must coordinate all of the other knowledge areas throughout a project’s life cycle ¨ Many new project managers have trouble looking at the “big picture” and want to focus on too many details. ¨ Project integration management is not the same thing as software integration.
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SWE-466 Software Project Management
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SWE-466 Software Project Management ¨ 4. Monitoring and controlling project work involves supervising activities to meet the performance objectives of the project ¨ 5. Performing integrated change control involves identifying, evaluating, and managing changes throughout the project life cycle. ¨ 6. Closing the project or phase involves finalizing all activities to formally close the project or phase. Project Integration Management Processes (cont’d) 6
SWE-466 Software Project Management Project Integration Management Summary 7
SWE-466 Software Project Management ¨ As part of strategic planning, organizations ¤ identify potential projects ¤ use realistic methods to select which projects to work on ¤ formalize project initiation by issuing a project charter Strategic Planning and Project Selection 8
SWE-466 Software Project Management ¨ There are usually more projects than available time and resources to implement them ¨ Methods for selecting projects include:
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SWE-466 Software Project Management ¨ One categorization is whether the project addresses ¤ a problem ¤ an opportunity, or ¤ a directive ¨ Another categorization is how long it will take to do and when it is needed ¨ Another is the overall priority of the project
SWE-466 Software Project Management ¨ Financial considerations are often an important consideration in selecting projects ¨ Three primary methods for determining the projected financial value of projects: a) Net present value (NPV) analysis b) Return on investment (ROI) c) Payback analysis
SWE-466 Software Project Management a) Net Present Value Analysis 14 NPV = (Cash inflows from investment) – (cash outflows or costs of investment)
SWE-466 Software Project Management ¨ Return on investment (ROI) is calculated by subtracting the project costs from the benefits and then dividing by the costs ROI = (total discounted benefits - total discounted costs) / discounted costs ¨ The higher the ROI, the better ¨ Many organizations have a required rate of return or minimum acceptable rate of return on investment for projects ¨ Internal rate of return (IRR) can by calculated by finding the discount rate that makes the NPV equal to zero b) Return on Investment 15
SWE-466 Software Project Management ¨ A weighted scoring model is a tool that provides a systematic process for selecting projects based on many criteria n Identify criteria important to the project selection process n Assign weights (percentages) to each criterion so they add up to 100% n Assign scores to each criterion for each project n Multiply the scores by the weights and get the total weighted scores ¨ The higher the weighted score, the better
SWE-466 Software Project Management Sample Weighted Scoring Model for Project Selection 18
