Project Management
Project Management
Introduction
Project management,
planning & evaluation,
feasibility report,
planning process major steps in managerial
planning,
planning under systems approach.
The term project has a wider meaning
A project is completed by performing
several activities
Other aspect of project is non-routine
activities
Like construction of house is a project
involves non-routine activities like
digging of foundation pits, walls, roof,
fixing of doors, wiring, white-wash etc.
Project consumes resources i.e. men,
material, machine, money time etc.
Resources are always limited.
If a person wants to construct a house
for Rs. 10 lakhs and in 6 months the
project must be completed to these
constraints.
Hence project is a pre-determined
group/set of activities.
Definations
‘ A system involving the coordination of
a number of separate departments
which must complete within the
prescribed time duration’.
Harison
‘Project is a organized unit dedicated to
the attainment of common goal-
successful completion of within the set
budget standards’
Encyclopaedia of Management
Project management involves some
stages:-
(a) Project planning
(b) Project scheduling
(c) Project implementation, controlling,
monitoring.
Characteristics of Project
Objectives: or mission of project.For
example construction of road to connect two
cities A and B.
Life cycle:-
(a) Conception Stage: project idea is generated
(b) Design stage: detailed design of project are
worked out.
(c) Implementation stage: implementation
according to the selected design
(d) Commissioning stage: End of its life cycle
Contd…
Definite time limit:
Uniqueness
Team work:
Complexities: very complex and
difficult to understand for common
man
Risk and uncertainty
Customer specific nature
Contd…
Change in project
Multidisciplinary
Part of large programme: Projects are
part of large entity called porgramme.
Many projects when put together
constitute a programme. For example
setting in a satellite in an orbit in space
is a programme which will consist of
interrelated project.
Project Management
Project management refers to the
Management of project, which are
temporary, non-routine, undertaken
for producing a definite product of
offering a unique services.
It uses a set of tools, techniques,
principles and methods for planning
and executing the project work
effectively.
Project Planning
Planning is nothing but deciding in advance
the future course of actions. Planning is a
primary function of management. The process
of planning involves the following main steps:
(a) Defining the objective of project
(b) Making forecast for achieving the goals.
(c) Identifying the alternate course of action for
goals.
(d) Evaluating the resources available to the
organization
Finally:
During the process of planning, the
various operations involved in the
project, their sequences and their
logical inter relationships are
established.
Project Evaluation