3. Project Management
Concept
Success for project means
It must get completed
It must be completed with in budget
It must be completed with in allocated
time frame.
It must perform to satisfaction
4. Steps in Project Mgt.
Project Mgt. consists of following five steps
Grouping work into packages which acquire
the properties of a project
Appointing single responsibility i.e. project
manager for coordinating, directing, and
controlling the project
Supporting & servicing the project
internally within the organization &
externally through vendors & contractors.
5. Steps in Project Mgt.
Building up commitment through
negotiations, coordinating, & directing
towards goals through schedules, budgets
& contracts.
Ensuring adherence to goals through
continuous monitoring, & control using
schedule, budgets, & contract as basis.
6. Project management features
All work in a project are interdependent
& inter related. So while taking a
decision all inter-related things are
considered.
In project handling the importance of
any work depends on how it stands in
relation to others & to whole
7. Project management
features
The work & the inter-relationship may
change with time, but the end objective
does not change.
A static plan does not work in project
handling & manager has to adapt himself to
changing needs, so quick response &
flexibility are very essential for the success
of a project
8. Techniques for Project
features
Project Selection Technique:
Cost benefit Analysis
Risk & sensitivity analysis
Project Execution planning techniques
Work break down structure (WBS)
Project execution plan (PEP)
Project responsibility matrix
Project management manual