Weekly Summary 1.1
Due: Sunday, End of Module by 11:55 p.m. EST
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Each week you will write and submit a brief summary of the important concepts learned during the week. The summary will include a summary of the instructor’s weekly lecture including any videos included in the lecture.
Writing Requirements
- Use the APA template located in the Student Resource Center to complete the assignment.
INTRODUCTION TO
INTERNATIONAL PROJECT
MANAGEMENT
Chapter 1
Limited
Duration, Scope,
Financial Resources,
Human Resources
Unique
Objectives,
Context,
Organization
Risky
Uncertainty,
Complexity
Three main characteristics of a project.
2
What is a project?
An
organization
has only limited resources. Hence, the project operates
within constraints of resources and time. It is supposed to produce a result
that meets agreed quality standards.
WHAT IS PROJECT MANAGEMENT?
A project is typically managed in four phases:
1. Initiating
2. Planning
3
. Executing/Controlling
4. Completion
This is also called the ‘project management life cycle’.
3
1.
• Initiating
2.
• Planning
3.
• Executing/ Controlling
4.
• Completion
Initial state
(company internal idea, customer requirement)
Objective
(product, service, result)
P
R
O
J
E
C
T
Strategy, Project portfolio
Organization
4
Project management in the international
organization
WHO ARE THE MAIN PLAYERS WITH THE CONTEXT OF PROJECT
MANAGEMENT?
They are called ‘project stakeholders’.
In an international project, their set-up is more
complicated than in a standard project. Moreover, they
tend to have diverging and conflicting ideas about the
project.
The project manager needs to map all project
stakeholders and manage them carefully.
5
Project Management Team
Project Team Members
Contractors with PM
Subcontractors with PMs
A B C
1 2 3 1 2 31 2 3
Internal customer
Project Owner/
Project Sponsor
Project Manager of
Leading Contractor
Project Owner/
Project Sponsor
External customer/ Investor
Users Users
Project Manager
Require-
ments
Require-
ments
Results
Results
Require-
ments
Require-
ments
Results
Results
Require-
ments
Results
Require-
ments
Results
6
An overview of main project stakeholders
Main
purposes of
international
projects
Search for new
geographical presence or
new international
stakeholders
Increase of global market
share, market power,
global political power or
global effectiveness
Realization of efficiency
gains
Access to scarce and
unique resources
Reduction of risk
7
What are the main purposes of international
projects?
International projects reach beyond national boundaries, usually in terms of project
purpose or nationality of stakeholders. International projects can be global, involving
the entire world.
International
Project
Uniqueness
Risk
Complexity
Limited
Resources
Dynamics
Diversity
International
Project
8
What are the main characteristics of international projects?
Critical success
criteria for
international
project
managementGoal commitment of
project team and
initial clarity of goals
Establishment of
smooth
communications and
supporting
infrastructure
Adequate project
team capabilities
Consideration of
context
Right balance
between common
methodology and
flexibility
Supportive project
culture
9
What do you need to take into account to manage
successfully international projects?
