SlideShare a Scribd company logo
Submitted to Submitted By
Dr. Monika Aggarwal Arsh Koul
1
 A project in business and science is typically
defined as a collaborative enterprise,
frequently involving research or design, that
is carefully planned to achieve a particular
aim
 A project is a temporary endeavor with a
defined beginning and end, undertaken to
meet unique goals and objectives, typically to
bring about beneficial change or added value.
2
 Project management is the discipline of
planning, organizing, motivating and
controlling resources to achieve specific goals
 Project management is the art of managing
the project and its deliverables with a view to
produce finished products or service.
3
Project management includes:
1. Identifying requirements.
2. Establishing clear and achievable objectives.
3. Balancing the competing demands from the
different stakeholders.
4. Ensuring that a commonality of purpose is
achieved.
4
Mandate
Is there a clear, reliable mandate for this
project, i.e.:
 Do the sponsors have the power to initiate
this project?
 Can the sponsors provide all the resources
that may be required (funding, people, time,
etc)?
5
Is it clear what is the purpose of the project?
 Are we able to define clear, measurable
objectives that identify what is to be
achieved?
 Are the objectives reasonable, achievable and
measurable?
 Do the sponsors and other stakeholders all
understand and agree?
6
What is the scope of the project, for example:
 Is the project addressing the overall business
change (ie people, process and technology
elements), or just the technology?
 Which locations, divisions, departments?
 Will there be organizational change -
restructuring, revised responsibilities, new
staff capability requirements, retraining,
recruiting, redundancy etc?
7
 At the earliest stages of a project it will be
very difficult to establish a solid benefit case
for the project.
 During the project startup, the Project
Manager will work with the sponsors to
define and agree a full model of anticipated
benefits.
8
The benefit model would normally be used to
justify commencement of the work. Beyond that,
it forms an important yardstick against which the
project can be assessed. It may form:
1. the basis for change decisions during the
project,
2. a way of measuring the anticipated success of
the project,
3. the final assessment of the success of the
completed project, and
4. a way to monitor the continuing performance of
the business function
9
In what timescale should the benefit be delivered?
 Are there specific external requirements for
timing, eg new legislation, contracts with third
parties?
 When do we expect to be able to commence?
 What is the initial expectation for the duration of
the project (and any intermediate stages or
phases)?
 Over what period of time should benefit be
assessed for the purposes of prioritisation and
the benefit case?
10
How will the project be managed and
controlled?
 Who has ultimate responsibility,
accountability and authority for the project?
 Who handles day-to-day Project
Management?
 Which people form the executive control body
such that they can deliver the full
stewardship, decision making, resourcing,
and funding that is required for or on behalf
of the sponsors?
11
Do we definitely agree to start this project?
 Is it truly achievable? Can we get the people,
resources, funding, and technology that it will
take?
 Are the main risks in doing this understood
and acceptable?
12
 The Project Definition forms the project's
definitive definition and mandate
 It is used as a major input to the detailed
planning and resourcing that takes place as
each phase of work is planned, initiated and
mobilized.
 It is also important that the project's purpose
and goals are communicated to the team
members and other participants
13
 Remember that things change. The business
changes, customers needs move on,
departments are restructured, there may be
mergers and acquisitions, there may be
demands to cut costs or drive change faster.
At any time when the project's purpose might
be challenged or the anticipated outcome is
significantly changed, the Project Definition
should be re-examined to see in what ways it
has changed or should be changed to reflect
the new circumstances.
14
 Where this has an impact on the benefit case,
approach, planning, timing, resourcing, or
expected outcome, the Project Manager will
need to review and re-calculate the detailed
changes and present a revised definition for
agreement by the project's sponsors and
executive leaders.
15
 Phase end is a good time to measure the
success of the project to date.
 See how well the project's original ambitions
are being adhered to and how the anticipated
benefit matches up to the original definition.
 Report back successes, failures and revised
expectations to the project sponsors and
executive.
16
17
18
 Stages of a Conventional Project:
◦ Slow beginning
◦ Buildup of size
◦ Peak
◦ Begin a decline
◦ Termination
19
20
 Time distribution of project effort is characterized
by slow-rapid-slow
21
22
Definition Planning Implementation Delivery
Levelofeffort
1. Goals
2. Specifications
3. Scope
4. Responsibilities
5. Teams
1. WBS
2. Budgets
3. Resources
4. Risks
5. Schedule
1. Status reports
2. Change Orders
3. Quality Audits
4. Contingencies
1. Train user
2. Transfer documents
3. Release resources
4. Reassign staff
5. Lessons learned
23
Level
of
Value
of
Effort
Low
High
Define Plan Implement Delivery
Project Evaluation (Audit) Process
Change Management System
Project Manager Roles and Responsibilities
Closed-Loop Planning-Monitor-Control System
 Projects also exist which do not follow the
conventional project life cycle
 Comprised of subunits that have little use as
a stand alone unit, yet become useful when
put together
24
 It is essential for the Project Manager to
understand the characteristics of the life cycle
curve for his project
 The distinction between the two life cycles
plays a critical role in the development of
budgets and schedules for the project
25
Risk during project life cycle
√With most projects there is some uncertainty
about the ability to meet project goals
√Uncertainty of outcome is greatest at the start
of a project
√Uncertainty decreases as the project moves
toward completion
26
1. Control scope creep and manage change
2. Deliver project results on time and on budget
3. Focus the project team on the solution
4. Obtain project buy-in from disparate groups
5. Define the critical path to optimally complete your
project
6. Provide a process for estimating project resources,
time and costs
7. Communicate project progress, risks and changes
8. Surface and explore project assumptions
9. Prepare for unexpected project issues and
10. Document, transfer and apply lessons learned from
your project
27
28

More Related Content

What's hot

An Introduction To Project Management
An Introduction To Project ManagementAn Introduction To Project Management
An Introduction To Project ManagementAshish Mittal
 
Project management
Project managementProject management
Project management
Jay Raval
 
Project management
Project managementProject management
Project management
Al Amin Neaz Ahmed
 
Project management
Project managementProject management
Project management
Cygnet Infotech Pvt. Ltd.
 
Project Management Steps
Project Management StepsProject Management Steps
Project Management Steps
Learning and Development Freelancer
 
Introduction to Project Management
Introduction to Project ManagementIntroduction to Project Management
Introduction to Project Management
Kris Kimmerle
 
PMP_Project Cost Management
PMP_Project Cost ManagementPMP_Project Cost Management
PMP_Project Cost Management
Hisham Haridy MBA, PMP®, RMP®, SP®
 
project management
project managementproject management
project management
Sanchita Siromoni
 
Project risk management
Project risk managementProject risk management
Project risk management
Er Swati Nagal
 
Project Management and Process
Project Management and ProcessProject Management and Process
Project Management and Process
Muhammad Rehman
 
Smart project management - Best Practices to Manage Project effectively
Smart project management - Best Practices to Manage Project effectivelySmart project management - Best Practices to Manage Project effectively
Smart project management - Best Practices to Manage Project effectively
Chetan Khanzode
 
Project Management Concepts
Project Management ConceptsProject Management Concepts
Project Management Concepts
Jeremy Jay V. Lim, MBB, PMP
 
Project Management
Project ManagementProject Management
Project Management
ajithsrc
 
Project Risk Management
Project Risk ManagementProject Risk Management
Project Risk Management
Martin Sillaots
 
Project Management
Project ManagementProject Management
Project Management
Prabesh Ghimire
 
Introduce Project Management
Introduce Project ManagementIntroduce Project Management
Introduce Project Management
guest90bddb
 
Project Management
Project ManagementProject Management
Project Management
ahmad bassiouny
 
Brief introduction to project management and project management tools
Brief introduction to project management and project management toolsBrief introduction to project management and project management tools
Brief introduction to project management and project management tools
Nathan Petralia
 
Project Quality Management - PMBOK
Project Quality Management - PMBOKProject Quality Management - PMBOK
Project Quality Management - PMBOK
Arief Rahmana
 
Project management
Project managementProject management
Project management
Nihal Ranjan
 

What's hot (20)

An Introduction To Project Management
An Introduction To Project ManagementAn Introduction To Project Management
An Introduction To Project Management
 
Project management
Project managementProject management
Project management
 
Project management
Project managementProject management
Project management
 
Project management
Project managementProject management
Project management
 
Project Management Steps
Project Management StepsProject Management Steps
Project Management Steps
 
Introduction to Project Management
Introduction to Project ManagementIntroduction to Project Management
Introduction to Project Management
 
PMP_Project Cost Management
PMP_Project Cost ManagementPMP_Project Cost Management
PMP_Project Cost Management
 
project management
project managementproject management
project management
 
Project risk management
Project risk managementProject risk management
Project risk management
 
Project Management and Process
Project Management and ProcessProject Management and Process
Project Management and Process
 
Smart project management - Best Practices to Manage Project effectively
Smart project management - Best Practices to Manage Project effectivelySmart project management - Best Practices to Manage Project effectively
Smart project management - Best Practices to Manage Project effectively
 
Project Management Concepts
Project Management ConceptsProject Management Concepts
Project Management Concepts
 
Project Management
Project ManagementProject Management
Project Management
 
Project Risk Management
Project Risk ManagementProject Risk Management
Project Risk Management
 
Project Management
Project ManagementProject Management
Project Management
 
Introduce Project Management
Introduce Project ManagementIntroduce Project Management
Introduce Project Management
 
Project Management
Project ManagementProject Management
Project Management
 
Brief introduction to project management and project management tools
Brief introduction to project management and project management toolsBrief introduction to project management and project management tools
Brief introduction to project management and project management tools
 
Project Quality Management - PMBOK
Project Quality Management - PMBOKProject Quality Management - PMBOK
Project Quality Management - PMBOK
 
Project management
Project managementProject management
Project management
 

Similar to Project management

UNIT-1.pptx
UNIT-1.pptxUNIT-1.pptx
UNIT-1.pptx
ArunSingh205872
 
project managementUnit 1.pdf
project managementUnit 1.pdfproject managementUnit 1.pdf
project managementUnit 1.pdf
PraveenVundrajavarap
 
Project management revised
Project management revisedProject management revised
Project management revised
Jubayer Alam Shoikat
 
Project management
Project managementProject management
Project management
Romano Machoka
 
Project management for technologies MGT410
Project management for technologies   MGT410Project management for technologies   MGT410
Project management for technologies MGT410
Saqib Imran
 
Unit2 Project phases.pptx
Unit2 Project phases.pptxUnit2 Project phases.pptx
Unit2 Project phases.pptx
AtulBhagwat6
 
Project Life Cycle.pptx
Project Life Cycle.pptxProject Life Cycle.pptx
Project Life Cycle.pptx
FawadAfridi6
 
PROJECT SCOPE MANAGEMENT GUIDE 2021
PROJECT SCOPE MANAGEMENT GUIDE 2021PROJECT SCOPE MANAGEMENT GUIDE 2021
PROJECT SCOPE MANAGEMENT GUIDE 2021
Sprintzeal
 
ASSIGNMENT-1 PROFESSIONAL PRACTICE
ASSIGNMENT-1 PROFESSIONAL PRACTICEASSIGNMENT-1 PROFESSIONAL PRACTICE
ASSIGNMENT-1 PROFESSIONAL PRACTICE
Michele Thomas
 
Project Planning and Management
Project Planning and Management Project Planning and Management
Project Planning and Management
PiyushKumar621
 
PROJECT PLANNING AND MANAGEMENT
PROJECT PLANNING AND MANAGEMENTPROJECT PLANNING AND MANAGEMENT
PROJECT PLANNING AND MANAGEMENT
Abraham Ncunge
 
Project management pocket skills
Project management   pocket skillsProject management   pocket skills
Project management pocket skills
rdlteam
 
Project Management Pocket Skills Guide
Project Management Pocket Skills GuideProject Management Pocket Skills Guide
Project Management Pocket Skills Guide
Emily Robinson
 
Role and Responsibilities of Project Manager
Role and Responsibilities of Project ManagerRole and Responsibilities of Project Manager
Role and Responsibilities of Project Manager
kanti choudhary
 
Project Manager Primer
Project Manager PrimerProject Manager Primer
Project Manager PrimerTom Cremins
 
Presentation of project management (907, scm. mir mohammed shorab hossein)
Presentation of project management (907, scm. mir mohammed shorab hossein)Presentation of project management (907, scm. mir mohammed shorab hossein)
Presentation of project management (907, scm. mir mohammed shorab hossein)
ferozpatowary
 
5 Forces Model - SWOT, PESTEL presentation.pptx
5 Forces Model - SWOT, PESTEL presentation.pptx5 Forces Model - SWOT, PESTEL presentation.pptx
5 Forces Model - SWOT, PESTEL presentation.pptx
jalal879
 
BPP Training on Project Management - Day 1
BPP Training on Project Management - Day 1BPP Training on Project Management - Day 1
BPP Training on Project Management - Day 1
Imoh Etuk
 
Presentation of project management (905, scm. rajib ahashan rashel)
Presentation of project management (905, scm. rajib ahashan rashel)Presentation of project management (905, scm. rajib ahashan rashel)
Presentation of project management (905, scm. rajib ahashan rashel)
ferozpatowary
 
Project management [module 1]
Project management [module 1]Project management [module 1]
Project management [module 1]
OyetadeTobi
 

Similar to Project management (20)

UNIT-1.pptx
UNIT-1.pptxUNIT-1.pptx
UNIT-1.pptx
 
project managementUnit 1.pdf
project managementUnit 1.pdfproject managementUnit 1.pdf
project managementUnit 1.pdf
 
Project management revised
Project management revisedProject management revised
Project management revised
 
Project management
Project managementProject management
Project management
 
Project management for technologies MGT410
Project management for technologies   MGT410Project management for technologies   MGT410
Project management for technologies MGT410
 
Unit2 Project phases.pptx
Unit2 Project phases.pptxUnit2 Project phases.pptx
Unit2 Project phases.pptx
 
Project Life Cycle.pptx
Project Life Cycle.pptxProject Life Cycle.pptx
Project Life Cycle.pptx
 
PROJECT SCOPE MANAGEMENT GUIDE 2021
PROJECT SCOPE MANAGEMENT GUIDE 2021PROJECT SCOPE MANAGEMENT GUIDE 2021
PROJECT SCOPE MANAGEMENT GUIDE 2021
 
ASSIGNMENT-1 PROFESSIONAL PRACTICE
ASSIGNMENT-1 PROFESSIONAL PRACTICEASSIGNMENT-1 PROFESSIONAL PRACTICE
ASSIGNMENT-1 PROFESSIONAL PRACTICE
 
Project Planning and Management
Project Planning and Management Project Planning and Management
Project Planning and Management
 
PROJECT PLANNING AND MANAGEMENT
PROJECT PLANNING AND MANAGEMENTPROJECT PLANNING AND MANAGEMENT
PROJECT PLANNING AND MANAGEMENT
 
Project management pocket skills
Project management   pocket skillsProject management   pocket skills
Project management pocket skills
 
Project Management Pocket Skills Guide
Project Management Pocket Skills GuideProject Management Pocket Skills Guide
Project Management Pocket Skills Guide
 
Role and Responsibilities of Project Manager
Role and Responsibilities of Project ManagerRole and Responsibilities of Project Manager
Role and Responsibilities of Project Manager
 
Project Manager Primer
Project Manager PrimerProject Manager Primer
Project Manager Primer
 
Presentation of project management (907, scm. mir mohammed shorab hossein)
Presentation of project management (907, scm. mir mohammed shorab hossein)Presentation of project management (907, scm. mir mohammed shorab hossein)
Presentation of project management (907, scm. mir mohammed shorab hossein)
 
5 Forces Model - SWOT, PESTEL presentation.pptx
5 Forces Model - SWOT, PESTEL presentation.pptx5 Forces Model - SWOT, PESTEL presentation.pptx
5 Forces Model - SWOT, PESTEL presentation.pptx
 
BPP Training on Project Management - Day 1
BPP Training on Project Management - Day 1BPP Training on Project Management - Day 1
BPP Training on Project Management - Day 1
 
Presentation of project management (905, scm. rajib ahashan rashel)
Presentation of project management (905, scm. rajib ahashan rashel)Presentation of project management (905, scm. rajib ahashan rashel)
Presentation of project management (905, scm. rajib ahashan rashel)
 
Project management [module 1]
Project management [module 1]Project management [module 1]
Project management [module 1]
 

More from Arsh Koul

Environmental appraisal
Environmental appraisalEnvironmental appraisal
Environmental appraisal
Arsh Koul
 
Industrial policy
Industrial policyIndustrial policy
Industrial policyArsh Koul
 
Year 2070
Year 2070Year 2070
Year 2070
Arsh Koul
 
Satyanarayan gangaram pitroda
Satyanarayan gangaram pitrodaSatyanarayan gangaram pitroda
Satyanarayan gangaram pitrodaArsh Koul
 
Marketing past present and future
Marketing past present and futureMarketing past present and future
Marketing past present and future
Arsh Koul
 
Should R&D be banned during recession
Should R&D be banned during recessionShould R&D be banned during recession
Should R&D be banned during recessionArsh Koul
 
Presentation on promotion
Presentation on promotionPresentation on promotion
Presentation on promotion
Arsh Koul
 
Rural market segmentation and Targeting & Rural Marketing Research
Rural market segmentation and Targeting & Rural Marketing ResearchRural market segmentation and Targeting & Rural Marketing Research
Rural market segmentation and Targeting & Rural Marketing ResearchArsh Koul
 
Leveragiing secondry brand association
Leveragiing secondry brand associationLeveragiing secondry brand association
Leveragiing secondry brand associationArsh Koul
 
Aviation sector
Aviation sectorAviation sector
Aviation sector
Arsh Koul
 
Infosys
Infosys Infosys
Infosys
Arsh Koul
 
Hindustan Lever Limited
Hindustan Lever LimitedHindustan Lever Limited
Hindustan Lever Limited
Arsh Koul
 
Rajasthan
Rajasthan Rajasthan
Rajasthan
Arsh Koul
 
One minute manager
One minute managerOne minute manager
One minute manager
Arsh Koul
 
New chevrolet aveo
New chevrolet aveoNew chevrolet aveo
New chevrolet aveo
Arsh Koul
 
Alac presentation
Alac presentationAlac presentation
Alac presentation
Arsh Koul
 

More from Arsh Koul (18)

Environmental appraisal
Environmental appraisalEnvironmental appraisal
Environmental appraisal
 
Industrial policy
Industrial policyIndustrial policy
Industrial policy
 
Year 2070
Year 2070Year 2070
Year 2070
 
Satyanarayan gangaram pitroda
Satyanarayan gangaram pitrodaSatyanarayan gangaram pitroda
Satyanarayan gangaram pitroda
 
Marketing past present and future
Marketing past present and futureMarketing past present and future
Marketing past present and future
 
2 G Scam
2 G Scam2 G Scam
2 G Scam
 
Should R&D be banned during recession
Should R&D be banned during recessionShould R&D be banned during recession
Should R&D be banned during recession
 
Presentation on promotion
Presentation on promotionPresentation on promotion
Presentation on promotion
 
Rural market segmentation and Targeting & Rural Marketing Research
Rural market segmentation and Targeting & Rural Marketing ResearchRural market segmentation and Targeting & Rural Marketing Research
Rural market segmentation and Targeting & Rural Marketing Research
 
Satyam scam
Satyam scamSatyam scam
Satyam scam
 
Leveragiing secondry brand association
Leveragiing secondry brand associationLeveragiing secondry brand association
Leveragiing secondry brand association
 
Aviation sector
Aviation sectorAviation sector
Aviation sector
 
Infosys
Infosys Infosys
Infosys
 
Hindustan Lever Limited
Hindustan Lever LimitedHindustan Lever Limited
Hindustan Lever Limited
 
Rajasthan
Rajasthan Rajasthan
Rajasthan
 
One minute manager
One minute managerOne minute manager
One minute manager
 
New chevrolet aveo
New chevrolet aveoNew chevrolet aveo
New chevrolet aveo
 
Alac presentation
Alac presentationAlac presentation
Alac presentation
 

Recently uploaded

amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdfBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
daothibichhang1
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
zoyaansari11365
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
RajPriye
 
In the Adani-Hindenburg case, what is SEBI investigating.pptx
In the Adani-Hindenburg case, what is SEBI investigating.pptxIn the Adani-Hindenburg case, what is SEBI investigating.pptx
In the Adani-Hindenburg case, what is SEBI investigating.pptx
Adani case
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
bosssp10
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
usawebmarket
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
agatadrynko
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
creerey
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
Any kyc Account
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
WilliamRodrigues148
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
Norma Mushkat Gaffin
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
uae taxgpt
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
LuanWise
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
KaiNexus
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
Lital Barkan
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
dylandmeas
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
balatucanapplelovely
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 

Recently uploaded (20)

amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdfBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
 
Project File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdfProject File Report BBA 6th semester.pdf
Project File Report BBA 6th semester.pdf
 
In the Adani-Hindenburg case, what is SEBI investigating.pptx
In the Adani-Hindenburg case, what is SEBI investigating.pptxIn the Adani-Hindenburg case, what is SEBI investigating.pptx
In the Adani-Hindenburg case, what is SEBI investigating.pptx
 
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
Call 8867766396 Satta Matka Dpboss Matka Guessing Satta batta Matka 420 Satta...
 
Buy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star ReviewsBuy Verified PayPal Account | Buy Google 5 Star Reviews
Buy Verified PayPal Account | Buy Google 5 Star Reviews
 
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdfikea_woodgreen_petscharity_dog-alogue_digital.pdf
ikea_woodgreen_petscharity_dog-alogue_digital.pdf
 
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBdCree_Rey_BrandIdentityKit.PDF_PersonalBd
Cree_Rey_BrandIdentityKit.PDF_PersonalBd
 
An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.An introduction to the cryptocurrency investment platform Binance Savings.
An introduction to the cryptocurrency investment platform Binance Savings.
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
 
Mastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnapMastering B2B Payments Webinar from BlueSnap
Mastering B2B Payments Webinar from BlueSnap
 
VAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and RequirementsVAT Registration Outlined In UAE: Benefits and Requirements
VAT Registration Outlined In UAE: Benefits and Requirements
 
Recruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media MasterclassRecruiting in the Digital Age: A Social Media Masterclass
Recruiting in the Digital Age: A Social Media Masterclass
 
Enterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdfEnterprise Excellence is Inclusive Excellence.pdf
Enterprise Excellence is Inclusive Excellence.pdf
 
LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024LA HUG - Video Testimonials with Chynna Morgan - June 2024
LA HUG - Video Testimonials with Chynna Morgan - June 2024
 
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdfMeas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
Meas_Dylan_DMBS_PB1_2024-05XX_Revised.pdf
 
The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...The effects of customers service quality and online reviews on customer loyal...
The effects of customers service quality and online reviews on customer loyal...
 
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 

Project management

  • 1. Submitted to Submitted By Dr. Monika Aggarwal Arsh Koul 1
  • 2.  A project in business and science is typically defined as a collaborative enterprise, frequently involving research or design, that is carefully planned to achieve a particular aim  A project is a temporary endeavor with a defined beginning and end, undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. 2
  • 3.  Project management is the discipline of planning, organizing, motivating and controlling resources to achieve specific goals  Project management is the art of managing the project and its deliverables with a view to produce finished products or service. 3
  • 4. Project management includes: 1. Identifying requirements. 2. Establishing clear and achievable objectives. 3. Balancing the competing demands from the different stakeholders. 4. Ensuring that a commonality of purpose is achieved. 4
  • 5. Mandate Is there a clear, reliable mandate for this project, i.e.:  Do the sponsors have the power to initiate this project?  Can the sponsors provide all the resources that may be required (funding, people, time, etc)? 5
  • 6. Is it clear what is the purpose of the project?  Are we able to define clear, measurable objectives that identify what is to be achieved?  Are the objectives reasonable, achievable and measurable?  Do the sponsors and other stakeholders all understand and agree? 6
  • 7. What is the scope of the project, for example:  Is the project addressing the overall business change (ie people, process and technology elements), or just the technology?  Which locations, divisions, departments?  Will there be organizational change - restructuring, revised responsibilities, new staff capability requirements, retraining, recruiting, redundancy etc? 7
  • 8.  At the earliest stages of a project it will be very difficult to establish a solid benefit case for the project.  During the project startup, the Project Manager will work with the sponsors to define and agree a full model of anticipated benefits. 8
  • 9. The benefit model would normally be used to justify commencement of the work. Beyond that, it forms an important yardstick against which the project can be assessed. It may form: 1. the basis for change decisions during the project, 2. a way of measuring the anticipated success of the project, 3. the final assessment of the success of the completed project, and 4. a way to monitor the continuing performance of the business function 9
  • 10. In what timescale should the benefit be delivered?  Are there specific external requirements for timing, eg new legislation, contracts with third parties?  When do we expect to be able to commence?  What is the initial expectation for the duration of the project (and any intermediate stages or phases)?  Over what period of time should benefit be assessed for the purposes of prioritisation and the benefit case? 10
  • 11. How will the project be managed and controlled?  Who has ultimate responsibility, accountability and authority for the project?  Who handles day-to-day Project Management?  Which people form the executive control body such that they can deliver the full stewardship, decision making, resourcing, and funding that is required for or on behalf of the sponsors? 11
  • 12. Do we definitely agree to start this project?  Is it truly achievable? Can we get the people, resources, funding, and technology that it will take?  Are the main risks in doing this understood and acceptable? 12
  • 13.  The Project Definition forms the project's definitive definition and mandate  It is used as a major input to the detailed planning and resourcing that takes place as each phase of work is planned, initiated and mobilized.  It is also important that the project's purpose and goals are communicated to the team members and other participants 13
  • 14.  Remember that things change. The business changes, customers needs move on, departments are restructured, there may be mergers and acquisitions, there may be demands to cut costs or drive change faster. At any time when the project's purpose might be challenged or the anticipated outcome is significantly changed, the Project Definition should be re-examined to see in what ways it has changed or should be changed to reflect the new circumstances. 14
  • 15.  Where this has an impact on the benefit case, approach, planning, timing, resourcing, or expected outcome, the Project Manager will need to review and re-calculate the detailed changes and present a revised definition for agreement by the project's sponsors and executive leaders. 15
  • 16.  Phase end is a good time to measure the success of the project to date.  See how well the project's original ambitions are being adhered to and how the anticipated benefit matches up to the original definition.  Report back successes, failures and revised expectations to the project sponsors and executive. 16
  • 17. 17
  • 18. 18
  • 19.  Stages of a Conventional Project: ◦ Slow beginning ◦ Buildup of size ◦ Peak ◦ Begin a decline ◦ Termination 19
  • 20. 20
  • 21.  Time distribution of project effort is characterized by slow-rapid-slow 21
  • 22. 22 Definition Planning Implementation Delivery Levelofeffort 1. Goals 2. Specifications 3. Scope 4. Responsibilities 5. Teams 1. WBS 2. Budgets 3. Resources 4. Risks 5. Schedule 1. Status reports 2. Change Orders 3. Quality Audits 4. Contingencies 1. Train user 2. Transfer documents 3. Release resources 4. Reassign staff 5. Lessons learned
  • 23. 23 Level of Value of Effort Low High Define Plan Implement Delivery Project Evaluation (Audit) Process Change Management System Project Manager Roles and Responsibilities Closed-Loop Planning-Monitor-Control System
  • 24.  Projects also exist which do not follow the conventional project life cycle  Comprised of subunits that have little use as a stand alone unit, yet become useful when put together 24
  • 25.  It is essential for the Project Manager to understand the characteristics of the life cycle curve for his project  The distinction between the two life cycles plays a critical role in the development of budgets and schedules for the project 25
  • 26. Risk during project life cycle √With most projects there is some uncertainty about the ability to meet project goals √Uncertainty of outcome is greatest at the start of a project √Uncertainty decreases as the project moves toward completion 26
  • 27. 1. Control scope creep and manage change 2. Deliver project results on time and on budget 3. Focus the project team on the solution 4. Obtain project buy-in from disparate groups 5. Define the critical path to optimally complete your project 6. Provide a process for estimating project resources, time and costs 7. Communicate project progress, risks and changes 8. Surface and explore project assumptions 9. Prepare for unexpected project issues and 10. Document, transfer and apply lessons learned from your project 27
  • 28. 28