Project Management
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This document discusses project management. It defines a project as a combination of interrelated activities with well-defined objectives to be completed within a specific time period. Project management is then defined as the application of knowledge, skills, tools and techniques to project activities to meet requirements and achieve objectives within constraints. The document outlines the importance of project management and some benefits such as clear work descriptions and timely problem identification.
Project Management
- 2. INTRODUCTION The word ‘project’ came from the Latin word projectum from the Latin verb proicese (to throw something forwards) which in turn comes from ‘pro’ which denote something that proceeds the action of the next part of the word.
- 3. PROJECT A project is a combination of interrelated activities with well defined objectives to be completed in a specific time period. Project is something special which is different from routine and regular activities
- 4. DEFINITIONS According to Harrison, “ Project is a non routine, non repetitive, one-off undertaking, with well defined time, financial and technical performance goal;” According to Project Management Institute (PMI), “Project can be defined as a temporary endeavor undertaken to accomplish a unique objective at goal.”
- 5. EXAMPLES OF PROJECT Construction of a house. Writing a book. Building a dam. Introducing a new product in the market. Construction of a new bridge over a river. A Politician contesting an election. Organizing a seminar.
- 6. DIFFERENCE BETWEEN PROJECT AND REGULAR OPERATIONS Project Regular Operation > One Time > Repetitive > Use of wide variety > Limited Skills of skills > Use of special purpose > Equipments are equipment for in continuous use short duration > No revenue during > Revenues are there Project stage
- 7. CHARACTERISTICS OF PROJECT Well defined objectives Uniqueness (Non-routine activity) Complexity (Demands team work) Life cycle Risk and uncertainty Change (In response to environment) Non Recurring Duration of activities uncertain Completion deadline
- 8. CHARACTERISTICS OF PROJECT(contd.) Involves resources Optimality Multidisciplinary & Interdependencies Forecasting Definite time limit Team work Conflict for resources A separate disposable team Performance measurement
- 9. TAXONOMY OF PROJECTS Based on the type of activity Based on the location of the project Based on the completion time Based on ownership Based on size Based on need
- 10. TYPES OF PROJECTS Construction projects Research projects Reengineering projects Procurement projects Business implementation projects Miscellaneous types
- 11. PROJECT FAMILY TREE Plan Programme Project Work Package Task Activity
- 12. ProjectManagement ProjectManagement MANAGEMENT Knowledge, skills, tools and techniques PROJECT ACTIVITIES Conception, design, Implementation, Commissioning SUCCESSFUL PROJECT Within planned time, resource, scope and quality
- 13. CATEGORIES OF PROJECT Project InternationalNational IndustrialNon-Industrial Low Technology Conventional Technology High Technology Non Conventional /R&D MiniMediumMajorMega ModificationExpansionGrass root DisasterCrashNormal
- 14. INTRODUCTION TO PROJECT MANAGEMENT Meaning : Project management is a system of procedures, practices, technologies and know how that enables the planning, organising, staffing, directing and controlling of project activities to successfully manage a project. It may be described as planning ,organizing, staffing ,directing and controlling some part of the organization for relatively short period of time to achieve the project objectives with in laid down constraints
- 15. DEFINITION It is defined as “The application of knowledge, skills, tools and techniques to project activities in order to meet project requirement.” “ Project Management is the art of directing and coordinating human and material resources throughout life of a project by using modern management techniques to achieve pre-determined objectives of scope , cost , time, quality to the equal satisfaction of those involved.” -Project mgt inst of USA
- 16. WHY PROJECT MANAGEMENT Interdependency and complexity Sharing of Resources Size of Project Importance of the Project Changes in the market
- 17. 3 Ws OF PROJECT MANAGEMENT What : Scientific application of modern techniques and tools. Whom : In planning, financing, implementing, monitoring, controlling and coordinating unique activities of project Why : To produce desirable outputs in accordance with predetermined objectives within constrains of time and cost.
- 18. THE SCOPE TRIANGLE Resources Project scope and quality
- 19. PROJECT PARAMETERS Defining project scope Defining quality Managing time Managing cost Managing resources
- 20. IMPORTANCE OF PROJECT MANAGEMENT Increasing size and complexity of projects Increasing importance of financial controls Urgency of early completion Growing amount of statutory regulations Increased sophistication of technology Inability of managers and architects to manage the things
- 21. Shortening of product life cycle Global competition Cost control Explosion of knowledge Focus on customers
- 22. BENEFITS OF PROJECT MANAGEMENT Clear description of work to be performed Responsibilities and assessment of tasks Time limit for task completion Measurement of accomplishment against plans is possible Problems are exposed in advance allowing corrective action Objective that cannot be met are identified early
- 23. ELEMENTS OF A SUCCESSFUL PROJECT Has been finished on time. Is within its cost budget. Performs to technical/performance standards which satisfies the end user.