Project Management-

Introduction

Week 1

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Ms Ayesha Shahid FUUAST Islamabad

Projects are Authorized because of

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Ms Ayesha Shahid FUUAST Islamabad

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 What Is Project

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Project is a Temporary, Unique, Budgeted & Time Framed endeavor (event), that
applies the concept of progressively elaboration to develop an end product.

Progressively
PROJECT elaboration
concept
Unique: Established
Will never be by
repeated

Budgeted: Planning the next Part of the

Have a fixed budget Project according to new
available data
Time Frame: Organization
Have a fixed duration Planning the next Part of the
Project according to new
available data

Planning Part of the Project according to the

available data
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 What is a Project?

“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”

A project is a planned set of activities.

A Project has a scope

A Project has time, cost, quality and resource constraints

Ms Ayesha Shahid FUUAST Islamabad

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

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 Project Attributes

Has Unique purpose It is temporary Progressively elaborated

Requires resources Initiated by customer or Uncertainty

sponsor
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Other variables common to all types of

projects (secondary factors)

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 PROJECT RESULT-A Project can create:

Ms Ayesha Shahid FUUAST Islamabad

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.

Conducting a research

• Business process re-engineering

(Implementing a new business process or
procedure.)
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 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

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 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

Designing

Overseeing controlling

Necessary to achieve strategic and tactical goals of business.

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Operation Management

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