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Project management

Made by

Abhishek malaviya

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What is project and difference between project and

operation

Turner defines projects as an Endeavour in which

human, materials, financial and knowledge resources are

organized in a novel way, to undertake a unique scope of

work, of given specification, within constraints of cost

and time, so as to deliver quantitative, qualitative andconsumer oriented product and service.

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Project and program

(roject)"Turner defines projects as an Endeavour inwhich human, materials, financial and knowledge

resources are organized in a novel way, to undertake a

unique scope of work, of given specification, within

constraints of cost and time, so as to deliver quantitative,qualitative and consumer oriented product and service.

(rogram)" * single use plan that covers a relatively large

set of activities and specific major steps their order andtiming and the unit responsible for each steps.

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Characteristics of project

'i+ed set of objectives

Tenure

Team work 

nique

$ife cycle

#ade to order 

%ingle entity

#ulti skilled staff %ubcontracting

isk and certainity

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Constraints of project

(erformance

Time

-ost

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Project management

(roject management is a methodological approach to planning and guiding project processes from start to

finish. t is method of planning the plan. t starts from

 project definition and ends with goal management.

(#/01 defines project management as the application

of knowledge, skill, tool and techniques to project

activities in order to meet stakeholders need and

e+pectations from a project.

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mportance of project management

apidly changing technology

2igh entropy of system

%queezed life cycle of products

3lobalization impact$arge organization

-ustomer focus

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Reason for success of anyproject(roject %ponsorship at e+ecutive level

3ood project charter 

%trong project management

The right mi+ of team players3ood decision making structure

3ood communication

Team members are working toward commongoals

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Reason to do feasibilitystudyGives focus to the project.arro!s the business

alternatives.

Identi"es ne! opportunities.Identi"es reasons not to proceed.

Provides valuable information for

#go$no go% decision.Increases probability of business

success by identifying

!eaknesses early.

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 &ypes of feasibility study

Market analysis'inancial analysis

 &echnical analysis

(conomic analysis

(cological analysis

)egal and administrative analysis

*perational analysis

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 &ypes of project

-lassification based on duration

  45 $ong term " 6 47 years

  85 #edium term 9 : to 47 years

  ;5 %hort term " < : years

-lassification based on investments  45 2igh investment" 6 87 crores

  85 #edium investment" : to 87 crores

  ;5 $ow investment" < : crores

-lassification based on ownership

  45 3overnment

  85 corporate

  ;5 -ooperative

  =5 (artnership or proprietorship

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-lassification based on risk 

4. 3reenfield project

8. /rownfield project

  i5 E+pansion project

  ii5 &ertical integration project

  iii5 >iversification project

;. >ivestment project=. #odernization project

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Project life cycle

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• -oncept phase

• (lanning

• mplementation

• Termination

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Project initiation+conceptphase,>evelop a business case

◦ >etailed description of problem ?opportunities

◦ 0ptions for solutions and the risk associated

◦ 'easibility@cost, profit5 of every solution

ndertake a feasibility study

Establish terms of reference @mission, vision, objective,

scope, structure of organisation5

*ppoint a project team

%etup a project office (erform a phase review

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Project planning

(roject identification

◦ -ollection, compilation and analysis of data

◦  (urpose of locating possible opportunities for

investment and development of such opportunity-riteria of selecting a project

◦ nvestment size

◦ $ocation

◦ Technology

◦ Equipment

◦ marketing

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Project implementation

E+ecution of plan

2andle the change

(roject control

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 &ermination

(roject audit

(reparation of operation manual

nforming stakeholders

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 &ypes of opportunity

*daptive

*dditive

%upplementry

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(ntrepreneur

Entrepreneur is a person who discovers new ideas and business opportunities, brings together funds to establish

a business, organizes and manages its operations in

order to provide economic goods and services, for

 public. Entrepreneurs have a strong convictions, selfmotivation, the will to grow and prosper tremendously

and also the courage to go bankrupt f they failure in

their venture. /ut in majority of cases they starts with

nothing and end with positive results.

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-asics of entrepreneur

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(ntrepreneurial structure