Project & Project Management

Dipti Swapnil Mukund Prathamesh Shraddha Shashikant Rasika Mubin (01) (02) (03) (04) (05) (06) (07) (08)

Project
Definition : The smallest unit of investment activity to be considered in the case of programming. OR

The whole complex of activities involved in using resources to gain benefits.

Characteristics of Project
Purpose Life Cycle Interdependencies Uniqueness Conflict Time

Project Life Cycle

Project Conception Phase Project Definition Planning Phase Implementation Phase Project Monitoring & Control Project Completion

The Project Model

Constraints:
Indirect Effect Legal Ethical Effects (Ethics) Environment Activation Technique Logic Quality Cost Time
Input/Needs/Desires

Mechanism:
Knowledge & Expertise People Capital Technology Tools and

Project
Output/Satisfied Needs

Project Management

Definition :
It is a application of skills, tools & techniques to project activities in order to meet or exceeds stakeholder needs and expectations from activities of the project.

Project Management Process

The Project Management Process can be categorized in the following processes :
Operational Management Processes Additional Project Management Processes Technical Processes

Advantages of Project Management

The Project Management is useful in increasing the returns on

investments. The Project Management results reports the completion of project within planned schedule. If the Project Management is done properly, it causes the Higher Profits.

Disadvantages of Project Management

Organizational complexity increases due to Project Management. Many firms have observed & reported that due to project project management, costs are increased.

Limitation of Project Management

Inability to stick with the project scope.
Inability to fully align the project objectives with the business/organizational strategy. Inability to manage projects with unspecified budget and/or schedule.

Thank You