Project Management: fundamentals in project, portfolio and programme management


  1.      GENERAL






Project Management: fundamentals in project, portfolio and programme management








  1.             PURPOSE

The rapid pace of technological change, but also the need for more efficient management systems in companies and organizations, have created a series of techniques and methodologies, which compose what is now known as project management. The scientific debate on project management issues is based on the concept of project, as many human activities can be treated as projects.

In the community of people who manage projects, a project is defined as a set of activities that must be performed in each order and within a certain period to achieve a defined result. The manner of their execution, the duration of each activity, their resource requirements (human and material) and the cash flows (inputs, outputs) that imply the implementation of each activity are the mainstay of the scientific field of project management.

According to the above context, the aim of the course is:

  • Introducing the student to the basic concepts and definitions and objectives of project and program management.
  • Presenting to the student the techniques and tools for the planning, scheduling, and monitoring of time, resources and costs of projects and programs.

In general, it seeks to enable the student to successfully perceive and balance the threefold time, cost, and quality both in the design and implementation of a project.


Need to create a project

- Basic design principles

- Success and failure factors Project life cycle

- Management of its size (time, cost, risks)

- Monitoring of financial and physical object

- Estimates of duration and cost

- Quality and dimension of projects

- Programs and Project Portfolios

- Project management methodologies 


The learning objectives of the course are specified as follows:

  • Integrated project management from design to completion,
  • Management of its size (time, cost and finances, quality, risks in the projects),
  • Select and manage projects of a portfolio or program
  • Selection of the most appropriate methodology for the management of each project according to the nature and objective purpose of the project

Upon successful completion of the course students should be able to:

  • Understand the need for integrated project management in all its phases. This means that they can document what a project can lead to if the appropriate methodologies are not used.
  • Can evaluate the role of cost-time-quality parameters in each project. The successful implementation of this goal focuses on the ability to identify (analyze) the constraints involved in each parameter, on the ability to relate (synthesize) these parameters in a project and on the ability to develop (implement) a management plan of these parameters in each phase of the project life cycle.
  • Recognize and be able to evaluate the attempted change that will be brought about by the implementation of the project (or the structural change if it is a project).
  • Apply and evaluate resource management techniques based on the actual capabilities and purpose of the project.
  • Choose the appropriate method of selecting the projects of a portfolio and / or project schedule.
  • Adequately monitor the progress of a portfolio and / or project schedule.