This presentation provides an overview of project management. It defines a project as a temporary endeavor with a defined start and end, undertaken to create a unique product or service. Project management involves planning, monitoring, and controlling all aspects of a project to achieve objectives on time and within budget. It benefits organizations by providing goal clarity, coordinating resources, identifying and managing risks, and increasing the chances of successful and on-time delivery. The presentation outlines the key phases of project management: planning, scheduling, controlling, and closing. It also discusses common pitfalls and why companies use project management frameworks.

1. PRESENTATION
ON
PROJECT MANAGEMENT
SUBMITTED TO:
MRS. MANU GAHLAWAT

2. What is a project?
 Converting a vision , a dream or a need to reality.
 Projects are a group of activities that have to be performed with limited resources
to yield objectives , in a specific time, and in a specific locality. Thus , a project is
a temporary endeavor employed to create a unique product, service or results
 It is a unique process , consisting of a set of coordinated and controlled activities
with start and finish dates, undertaken to achieve an objective conforming to
specific requirements, including the constraints of time, cost and resources.
 In a simple terms, project is a collection of activities that are interrelated with a
specific over all purpose.

3. Project characteristics
 Project can have a number of starting points but one
end.
 Complexity
 Investment decision
 Focus –Fixed set of objectives/ mission / goal.
 Unique
 Unity in diversity

4. Project management
 It is a application of knowledge, skills , tools and
techniques to project objectives to meet stakeholders
needs and expectations.
 It is planning, monitoring and controlling of all aspects of
a project and motivation of all involved to achieve project
objective of safety and within a defined time, cost and
performance.
 Project management is both people and technical
oriented. It involve understanding the cause effect
relationship and interactions among socio technical
dimensions of projects.

5. How does Project management benefit
you?
 To have goal clarity and measurement
 Resources will be coordinated.
 Risks will be identified and managed.
 Increase the possibilities of time savings.
 Increase the possibilities of cost savings.
 Increase the possibilities to deliver projects successfully.

7. Need for Project management
 To manage large investment opportunities in different
emerging sectors.
 Projects of increasingly complex sizes
 Aggressive competition
 Greater focus for operational effectiveness and efficiency
 downsizing

8. Common pitfalls in project management
 Lack of top management or sponsor support.
 Political disagreement
 Poor or inadequate estimating.
 Working backwards from a given date.
 Inexperienced project management personnel
 Poor communication or lack of communication.
 Ignoring project warning signs
 Poor governance

9. Why do companies use PM?
 To handle projects effectively in an organization.
 To define the project and agree with the customer.
 To plan and assess resource needs for the project.
 To estimate project cost and make proposals
 To plan and schedule activities in a project.
 To access risk and failure points and make backup plans.
 To lead a project team effectively and communicate well.

10. Phases of project management
 planning phase
 Scheduling phase
 Controlling phase
 Closing phase

11. Planning of Project management
 Most important phase of the project management
 Planning is a art and science of converting a set of
objectives to realization through a series of steps
executed in a organized and predicted way so
that there will be less requirements of changes in
the plan later on
 The old saying “plan the work , “work the plan”.

12. Scheduling the project
 Scheduling phase is the process of formatting the
planned activities, assigning the durations ,
resources and sequence of occurrence in
consultation with the team members.
 Planning and scheduling phases are under taken
before the actual project starts.

13. Controlling
 Controlling phase is undertaken during the actual
project implementation.
 Project controlling is a mechanism established to
determine deviations from the project base
schedule during implementation to compensate
the deviations on the basis of commissioning
minima , flow of resources like finance ,
manpower , equipment & application techniques.

14. Closing
 Closing phase is the last phase of the project
which brings close out of the complete project.
Whatever the project requirements are pre-
defined, during this phase the total delivery is
made and it is accepted by the customer.
 Maximum conflicts can arise in the project during
this phase between those who have worked to
deliver the outcome and those who are accepting
the results of the work.

15. .