2. What is a Project
• A project is a temporary endeavor undertaken to
create a unique product, service, or result.
• The temporary nature of projects indicates that a
project has a definite Timeline, defined Budget &
Scope.
• The end is reached when the project's objectives
have been achieved or when the project is
terminated because its objectives will not or cannot
be met, or when the need for the project no longer
exists.
3. What is Project Management?
Project management, is the application
of knowledge, skills, tools, and
techniques to project activities to meet
the project requirements.
Project management processes fall into 5
groups
1. Initiating
2. Planning
3. Executing
4. Monitoring and Controlling
5. Closing
6. When Project Management is required
When the investment is
significant
Project is complex in nature
When impartial & unbiased
Management is required
When a lot of cross-
functional
Departments/Units are
involved
7. Who is a project
manager
• A project manager is the person
responsible for leading
a project from its inception to
execution. This includes
planning, execution
and managing the people,
resources and scope of
the project.