This document discusses project management group no. 5 and provides an overview of key project management concepts. It defines a project as a temporary endeavor to create a unique product or service. Project management is described as applying knowledge, skills, tools, and techniques to project activities to meet requirements. The document outlines the project management process, which includes integration, scope, schedule, cost, quality, and other components. It also discusses the project life cycle and constraints of time, cost, scope, and quality.

1. PROJECT
MANAGEMENT
GROUP NO.5
VIKRAM SINGH
SIDDHARTH CHARSYA
PRAVESH TIWARI
SUMIT VALSE
JESSICA BOLI
SUMIT KARUNGLEKAR

2. WHAT IS A PROJECT?
A PROJECT IS A TEMPORARY AND ONE-TIME ENDEAVOR UNDERTAKEN TO
CREATE A UNIQUE PRODUCT OR SERVICE, WHICH BRINGS ABOUT BENEFICIAL
CHANGE OR ADDED VALUE.
PROJECT ARE MEANS TO ACHIEVE “STRATEGIC PLAN” OF AN ORGANIZATION!
FOLLOWING ARE THE STRATEGIC CONSIDERATION GIVE RISE TO PROJECTS:
 MARKET DEMAND
 CUSTOMER REQUEST
 STRATEGIC OPPORTUNITY/ BUSINESS NEED
 TECHNOLOGICAL ADVANCE
 LEGAL REQUIREMENT FMLF

3. MANAGEMENT
MANAGEMENT IS THE TECHNIQUE OF
UNDERSTANDING THE PROBLEMS, NEEDS AND
CONTROLLING THE USE OF RESOURCES, COST,
TIME, SCOPE AND QUALITY.
PROJECT MANAGEMENT
APPLICATION OF KNOWLEDGE, SKILLS , TOOLS & TECHNIQUES TO PROJECT
ACTIVITIES IN ORDER TO MEET THE PROJECT REQUIREMENT.
NEEDS: STATED PART OF THE PROJECT
EXPECTATION: UNSTATED PART OF THE PROJECT
“COMPLETION OF THE PROJECT ON TIME WITHIN BUDGET WITHOUT
COMPROMISING QUALITY”.

4. PROJECT MANAGEMENT PLAN
“TELLS HOW WORK WILL BE DONE”
THE KEY TO A SUCCESSFUL PROJECT IS ON THE PLANNING. ALL THE DETAILED
PLANNING WORK FOR DIFFERENT ASPECTS OF THE PROJECT IS INTEGRATED INTO
ONE SINGLE PLAN KNOWN AS THE PROJECT MANAGEMENT PLAN.

5. PROJECT MANAGEMENT
VS
OPERATION MANAGEMENT
PROJECTS
 PROJECTS ARE TEMPORARY AND
UNIQUE.
 THE PURPOSE OF A PROJECT IS TO
ATTAIN ITS OBJECTIVE AND THEN
TERMINATE.
 THE PROJECTS CONCLUDE WHEN
ITS SPECIFIED OBJECTIVES HAVE
BEEN ACHIEVED.
OPERATIONS
 OPERATIONS ARE ONGOING AND
REPITITIVE.
 THE PURPOSE OF AN ONGOING
OPERATION IS TO SUSTAIN THE
BUSINESS.
 OPERATIONS ADOPT NEW SET OF
OBJECTIVES AND THE WORK
CONTINUES.

6. PROJECT
CONSTRAINTS
TIME
COST
SCOPE
QUALITY
MANAGE THESE
OR
THEY WILL MANAGE YOU!

7. PROJECT LIFE CYCLE
INITIATING
PLANNING
EXECUTING
MONITORING
&
CONTROLLING
CLOSING
 INITIATING
 PLANNING
 EXECUTING
 MONITORING
& CONTROLLING
 CLOSING

8. PROJECT MANAGEMENT PROCESS
 INTEGRATION
 SCOPE
 SCHEDULE
 COST
 QUALITY
 HUMAN RESOURCES
 COMMUNICATION
 PROJECT RISK
 PROCUREMENT

9. PROJECT INTEGRATION
MANAGEMENT
 DEVELOP PROJECT CHARACTER
 DEVELOP PROJECT MANAGEMENT
PLAN
 DIRECT AND MANAGE PROJECT
EXECUTION
 MONITOR AND CONTROL PROJECT
WORK
 CLOSE PROJECT OR PHASE
PROJECT SCOPE
MANAGEMENT
 COLLECT REQUIREMENT
 DEFINE SCOPE
 CREATE WBS(WORK BREAKDOWN
STRUCTURE)
 VERIFY SCOPE
 CONTROL SCOPE

10. PROJECT SCHEDULE
MANAGEMENT
 DEFINE ACTIVITIES
 SEQUENCE ACTIVITIES
 ESTIMATE ACTIVITY RESOURCES
 ESTIMATE ACTIVITY DURATION
 DEVELOP SCHEDULE
 CONTROL SCEHDULE
PROJECT COST
MANAGEMENT
 ESTIMATE COST
 DETERMINE BUDGET
 CONTROL COST

11. PROJECT QUALITY
MANAGEMENT
 PLAN QUALITY
 PERFORM QUALITY ASSURANCE
 PERFORM QUALITY CONTROL
PROJECT HUMAN
RESOURCE
MANAGEMENT
 DEVELOP HUMAN RESOURCE PLAN
 ASSURE PROJECT TEAM
 DEVELOP PROJECT TEAM
 MANAGE PROJECT TEAM

12. PROJECT
COMMUNICATION
MANAGEMENT
 IDENTIFY STAKEHOLDERS
 PLAN COMMUNICATION
 DISTRIBUTE INFORMATION
 MANAGE STAKEHOLDERS
EXPECTATIONS
 REPORT PERFORMANCE
PROJECT RISK
MANAGEMENT
 PLAN RISK MANAGEMENT
 IDENTIFY RISK
 PERFORM QUALITY RISK ANALYSIS
 PLAN RISK RESPONSES
 MONITOR AND CONTROL RISK

13. PROJECT
PROCUREMENT
MANAGEMENT
 PLAN PROCUREMENTS
 CONDUCT PROCUREMENT
 ADMINISTER CONTRACTS
 CLOSE PROCUREMENT.

14. THANKS
EXPECT US SOON AGAIN!