Ihab Saad – Introduction to Project Management

			A risk that has a high magnitude
and a high probability is going to
		

			be a top priority risk, whereas
one that has a very low priority
		

			or low magnitude and low
likelihood, we probably can
		

			disregard it.
		

			And the last element here in this
newer triple constraint is
		

			customer satisfaction, which is
maintaining good relationships
		

			with our customers or our clients.
		

			Again, although this expands on
the triple constraint, that is not
		

			the full picture, here is the full
picture.
		

			So we have to manage the scope of
the project. We need to manage its
		

			time, its cost, its quality. All
of these are from the trip the old
		

			triple constraint, and then risk
that's in the added constraint
		

			stakeholders, which is the
customer satisfaction in the newer
		

			triple constraint, and then we add
some additional elements
		

			communication. 80% of your time as
a project management manager is
		

			going to be spent in
communication. We're going to talk
		

			about that little bit more later
procurement.
		

			So basically,
		

			we're going to have to deal with
other stakeholders that are
		

			connected to the project through
contracts, legal documents, the
		

			owner, the Arctic engineer, the
construction manager, the
		

			suppliers, the subcontractors,
etc, etc, government agencies,
		

			banks, lawyers, all of these are
going to be connected, so we're
		

			going to have to deal with the
relationships and the contracts.
		

			And finally, human resources, the
team that is going to undertake
		

			the development of this project.
How to Assemble that team, how to
		

			motivate the team, how to
disassemble or dissolve the team
		

			upon project completion and
reassign them to different other
		

			projects. So there's, again, a
science related to managing the
		

			human resources.
		

			The problem now here is that we
have too many balls to juggle.
		

			So what if something affects time?
Is it going to have an impact on
		

			cost? Is it going to have an
impact on risk? Is it going to
		

			have an impact on quality? Is it
going to have an impact on the
		

			contract? Is it going to affect
the stakeholders and so on and so
		

			forth? The answer is yes to all of
the above. Therefore, we need to
		

			develop an integrated project plan
that takes into consideration any
		

			modification to any of these
moving parts. If something
		

			changes, how is it going to affect
the other parts? And we have to
		

			maintain that jiggly plan, or that
fluid plan, until the project is
		

			complete, and that's what's called
integration management. This is a
		

			very brief introduction to what
project management is. We're going
		

			to go into deeper details on each
one of these different functions
		

			as time allows you.