A project is a planned set of activities with defined start and end dates undertaken to achieve specific objectives within constraints of time, cost, quality and resources. Projects vary in size and complexity but all follow a typical life cycle of starting, organizing, carrying out work, and closing. Project management is the application of knowledge, skills, tools and techniques to project activities to meet project requirements. It involves planning, organizing, monitoring and controlling project resources to produce project deliverables within defined scope, quality, time and cost constraints. Project management aims to achieve the project objectives and obtain benefits that fulfill organizational strategies.

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Project Management-
Introduction
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Projects are Authorized because of
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What Is Project
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What is a Project?
A project is a planned set of activities.
A Project has a scope
A Project has time, cost, quality and resource constraints
“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 constraints of time, cost, quality and resources”

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What is a Project?
Characteristics:
• Projects vary in size and complexity.
• No matter how large or small, simple or complex, all
projects can be mapped to the following life cycle
structure:
• Starting a project
• Organizing and preparing
• Carrying out the project work
• Closing the project
Project Attributes
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Has Unique purpose It is temporary Progressively elaborated
Requires resources Initiated by customer or
sponsor
Uncertainty

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Other variables common to all types of
projects (secondary factors)
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PROJECT RESULT-A Project can create:

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Examples of PROJECTs
Developing a new
product or service.
Effecting a change in the
structure, staffing, or
style of an organization.
Developing or acquiring a new or
modified information system.
• Business process re-engineering
(Implementing a new business
process or procedure.)
Conducting a research
Types of Projects
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When Projects will end
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Project Management
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Project Management
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Advantages of Project Management
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According to standards
On-going endeavors
Project or Operations
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Project or Operation
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Project VS Operations
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Project interact with operation
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Operation Management
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Necessary to achieve strategic and tactical goals of business.
Designing
Overseeing controlling

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Operation Management
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