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
> Repetitive
> Limited Skills
> Equipments are
in continuous use
> Revenues are there
> One Time
> Use of wide variety
of skills
> Use of special purpose
equipment for
short duration
> No revenue during
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
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
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
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.
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.
