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PEEM 3.pptx
1. Module 1 - Introduction
• Definition of project
• Project management
• Project life cycle
• Project types
• Project overruns
• Role, responsibilities, demands on project manager
2. Four major skills for PM
(with a powerful bias towards work completion)
• Credibility – Technical & Administrative
• Sensitivity – PM needs to sense interpersonal conflicts on the project
team or between team members and outsiders
• Leadership and Management style – PM must capitalize on people’s
strengths, cover their weaknesses, know when to take over and when
to give the team its head, know when to punish, when to
communicate, when to reward and when to remain silent
• Ability to handle stress
3. Responsibilities of PM
• Responsibility to the parent organization
• Responsibility to the project and client
• Responsibility to the members of the project team
4. • To prepare a preliminary budget and schedule
• To help select people to serve on the project team
• To get to know the client
• To make sure that proper facilities are available
• To ensure that any supplies required in the project life are
available
• To take care of routine details necessary to get the project
moving
5. Questions Asked on Module 1
• Explain project overrun (04)
• Draw a project life cycle (04)
• Define Project and Project Management (04)
• Role & Responsibilities of Project Manager (10)
• Attributes, Skills & Qualities of PM (04)
• Reasons for Project Overruns (04)
• Four major skills for PM (04)
• Responsibilities of PM (04)
6. Module 2: Project Initiation
• Project initiation
• Feasibility reports of various types
• Project selection criteria
• Project licensing
• Basic and detailed engineering
• Guarantees, Liabilities
• Risk insurance
• Types of estimates.
7.
8. • A project is initiated when its promoter predicts a demand for
goods/services
• The planners of the project then draws on records / experiences of
previous projects and the results from research indicating new
possibilities
• At this stage, there will be alternative ideas or schemes which all
seem likely to meet the demand
• Further progress requires the promoter to authorize the use of some
resources to investigate these ideas
• The term “Sanction Feasibility Study” is used here to mean the
decision to incur the cost of this investigation
9. Feasibility Study
• The next move is to appraise the ideas in order to compare their
predicted cost with their predicted value
• This appraisal stage is also known as the “Feasibility Study”
• The outputs from this phase can only be probabilistic, as they are
based on predictions of demand and costs
10. • The reliability of these predictions vary according to
the quality of the information used
the novelty of the proposals
the amount & quality of the resources available to investigate any
risks that could affect the project and its useful life
• The key feature of this phase is the decision as to whether or not the
project is viable?