2. What is a project?
Converting a vision , a dream or a need to reality.
Projects are a group of activities that have to be performed with limited resources
to yield objectives , in a specific time, and in a specific locality. Thus , a project is
a temporary endeavor employed to create a unique product, service or results
It is a unique process , consisting of a set of coordinated and controlled activities
with start and finish dates, undertaken to achieve an objective conforming to
specific requirements, including the constraints of time, cost and resources.
In a simple terms, project is a collection of activities that are interrelated with a
specific over all purpose.
3. Project characteristics
Project can have a number of starting points but one
end.
Complexity
Investment decision
Focus –Fixed set of objectives/ mission / goal.
Unique
Unity in diversity
4. Project management
It is a application of knowledge, skills , tools and
techniques to project objectives to meet stakeholders
needs and expectations.
It is planning, monitoring and controlling of all aspects of
a project and motivation of all involved to achieve project
objective of safety and within a defined time, cost and
performance.
Project management is both people and technical
oriented. It involve understanding the cause effect
relationship and interactions among socio technical
dimensions of projects.
5. How does Project management benefit
you?
To have goal clarity and measurement
Resources will be coordinated.
Risks will be identified and managed.
Increase the possibilities of time savings.
Increase the possibilities of cost savings.
Increase the possibilities to deliver projects successfully.
6.
7. Need for Project management
To manage large investment opportunities in different
emerging sectors.
Projects of increasingly complex sizes
Aggressive competition
Greater focus for operational effectiveness and efficiency
downsizing
8. Common pitfalls in project management
Lack of top management or sponsor support.
Political disagreement
Poor or inadequate estimating.
Working backwards from a given date.
Inexperienced project management personnel
Poor communication or lack of communication.
Ignoring project warning signs
Poor governance
9. Why do companies use PM?
To handle projects effectively in an organization.
To define the project and agree with the customer.
To plan and assess resource needs for the project.
To estimate project cost and make proposals
To plan and schedule activities in a project.
To access risk and failure points and make backup plans.
To lead a project team effectively and communicate well.
11. Planning of Project management
Most important phase of the project management
Planning is a art and science of converting a set of
objectives to realization through a series of steps
executed in a organized and predicted way so
that there will be less requirements of changes in
the plan later on
The old saying “plan the work , “work the plan”.
12. Scheduling the project
Scheduling phase is the process of formatting the
planned activities, assigning the durations ,
resources and sequence of occurrence in
consultation with the team members.
Planning and scheduling phases are under taken
before the actual project starts.
13. Controlling
Controlling phase is undertaken during the actual
project implementation.
Project controlling is a mechanism established to
determine deviations from the project base
schedule during implementation to compensate
the deviations on the basis of commissioning
minima , flow of resources like finance ,
manpower , equipment & application techniques.
14. Closing
Closing phase is the last phase of the project
which brings close out of the complete project.
Whatever the project requirements are pre-
defined, during this phase the total delivery is
made and it is accepted by the customer.
Maximum conflicts can arise in the project during
this phase between those who have worked to
deliver the outcome and those who are accepting
the results of the work.