Over view of Stakeholders of Projects, Project life Cycle, Product vs Production, Feasibility Study

1. Stakeholders Of Projects
Project Management

2. Stakeholder?
A Person with an Interest or Concern in Something.

3. Project Stakeholder?
An Individual, Group, or Organization
who may affect, be affected by, or perceive
itself to be affected
by a
decision, activity, or outcome
of a project.

4. Project Stakeholder
▪ Internal Stakeholders
These are the people involved in a project from within.They
include:
▪ A sponsor
▪ An internal customer or client (if the project started due to an
internal need of the organization)
▪ A project team
▪ A program or portfolio manager
▪ Management
▪ Another team’s manager of the company

5. Project Stakeholder
▪ External Stakeholders
These stakeholders are not directly involved but are engaged
from outside and are affected by the project outcome.
▪ An external customer or client (if project started due to a contract
from external party)
▪ An end user
▪ Subcontractors
▪ A supplier
▪ The government
▪ Local communities
▪ Media

6. Project Stakeholder
Project
Stake
holders
Sponsor
Customer
and users
Sellers
Functional
managers
Other
Stake
holders
Suppliers
Business
Partners
Organisat
ional
Group

7. Sponsor
▪ May be internal or external
▪ Provide support and supplies for the project
▪ Liable for assisting success.

8. Customers and Users
▪ Customers are People or organizations who will approve and manage
the project’s product, service, or result.
▪ Users use the product..

9. Seller
▪ Sellers, also known as vendors.
▪ Are external companies that enter into a contractual agreement to
provide services or resources necessary for the project.

10. Business Partners
▪ They are external organizations that have a special relationship or
partnership with the enterprise.

11. Organizational Groups
▪ They are internal stakeholders.
▪ They are influenced by the actions of the project team. For example,
human resources, marketing, sales, legal, finance, operations,
manufacturing, etc.

12. Functional Managers
▪ They are key individuals who play the role of management within an
administrative or functional area of the business. For example,
human resources, finance, accounting, etc.

13. Others Stakeholders
They are additional stakeholders which include
▪ financial institutions.
▪ government regulators.
▪ Subject matter experts & consultants,
▪ Individual or group have a financial interest in the project,
contributing inputs to the project.

14. Importance Of Project Stakeholder?
▪ Stakeholders have different levels of duties and authority when
contributing on a project.This level may differ as the project
proceeds. It can range from occasional contributions to full project
sponsorship.

15. Importance Of Project Stakeholder?
▪ Some stakeholders may also detract from the success of the project,
either actively or passively.These stakeholders need the project
manager’s attention during the whole time of project’s life cycle.

16. Importance Of Project Stakeholder?
▪ Stakeholder identification is a continuous process during the entire project life
cycle. Identifying them, understanding their level of effect on a project, and
satisfying their demands, needs, and expectations is essential for the success of
the project.

17. Importance Of Project Stakeholder?
▪ One of the most important responsibilities of a project manager is to
manage stakeholder expectations, which can be problematic as
stakeholders often have very diverse or conflicting objectives.

18. Project v/s Production

19. Project Life Cycle

20. Feasibility Study.
▪ an assessment of the practicality of a proposed plan or method.

21. Feasibility Study.
▪Is It technically feasible?
▪Is it feasible within the estimated cost?
▪ It will be profitable?

23. Analysis in Feasibility Study.
▪ Market Analysis
▪ TechnicalAnalysis
▪ FinancialAnalysis
▪ Economic & EcologicalAnalysis

24. Market Analysis in Feasibility Study.
▪ What is the market?
▪ Who are the competitors?
▪ Who is the target audience?
▪ What do customers want?
▪ What do competitors offer?
▪ What is your USP?
▪ What do customers think you offer them?

25. Market Analysis in Feasibility Study.
▪ Can be done by two methods
1. FieldsAnalysis
2. Desk Research

26. Market Analysis in Feasibility Study.
▪ Field Analysis
1. Personal Interview
2. Telephone Interview
3. Postal Surveys
4. Purchase Survey

27. Market Analysis in Feasibility Study.
▪ Desk Analysis. Internal
Sources
Sales figure
Accounting records
Customer reviews
Sales repress.t
Report
Online
Research
Search engine
Newspaper
Database Centre
Printed
Research
Business
Directories
Business Statistics
Industrial Market
Research Report.

28. Technical Analysis in Feasibility Study.
▪ To ensure that the project is technically feasible in the sense
that all the inputs required to set up the project are available.
▪ To facilitate the most optimal formulation of the project in
terms of technology, size, location and so on.
▪ Choose best alternative

29. Technical Analysis in Feasibility Study.
▪ Location and site
▪ Plant size
▪ Layout
▪ Machinery & Equipment
▪ Environment impact assessment
▪ Inputs
▪ Infrastructural facilities
▪ Manpower

30. Financial Analysis in Feasibility Study.
▪ What are all the cost of the project?
▪ How does the company raise the resources for funding the project?
▪ What are the arrangement of working capital finance.
▪ What are projected sales, expenses and profits.
▪ What are the estimated cash flow and fund flow?
▪ What are projected financials.

31. Economic Analysis in Feasibility Study.
▪ Identify effects of a proposed project to the society.
▪ Historical Info of Similar Project
▪ FutureTaxation and inflation estimates.
▪ In economic analysis, shadow prices(estimated) are used while in
financial analysis the market prices are used.

32. EcologicalAnalysis in Feasibility Study.
▪ What is the likely damage caused by the project to the environment?
▪ What is the cost of restoration measures required to ensure that the
damage to the environment is contained within acceptable limits?
▪ What are the likely environmental impacts from undertaking project ?
▪ What is the cost of reducing the negative impact

33. Project ManagementTriangle.

34. Project ManagementTriangle.

35. Project ManagementTriangle.