Professional Documents
Culture Documents
A project can be defined as a scientifically evolved work plan devised to achieve a specific
objective within a specified time period.
Project may be differ in size, nature, objective and complexity, yet all of them must have
following attributes:
1. Specific objective
2. A course of action
3. Definite ti
time pe
perspective
WHAT IS A PROJECT?
Project is a single shot set of activities having a definite beginning and ending points.
The activities of a project are performance in a particular order as they have precedence
relationships.
The key concepts of a project is that it is a one time occurrence, and occurrence that
will not be repeated daily, weekly or monthly in converting organisational resources into
goods or services.
Construction of a house,
Construction of a bridge,
Establishing a plant or factory,
Arranging a birthday party or picnic,
Preparing for a competitive examination,
Municipal construction of new tennis court at a park and
Initial production of a new product are all projects.
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Each one is a one-shot set of activities, each has a definite beginning and ending points and
each has a series of activities with precedence relationship.
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Project Management: Unofficial Definition
Characteristics of a Project
Mission or a set of objectives
Ownership
Teamwork
Terminal stage
Uniqueness
Risk and uncertainty
Sub contracting
Customer-specific
Life cycle
1) Plans and specification should be clearly understood to weed out confusion, if
any.
1) Project team members to understand the team organisation, project key issues
and to demonstrate commitment leading to harmonising the team efforts.
1) Carry out control meetings, monitor the actuals, review the progress as against
the task set and take corrective actions.
PART -II
Project planning
It refers to plans of the undertaking
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1. To build up productive capabilities or
2. To extend its existing capacities or
3. To Diversify its business
1. Market Analysis
2. Technical Analysis
3. Financial Analysis
4. Economical Analysis
5. Ecological Analysis
Market Analysis
Estimation of potential size of the market for the proposed product to be
manufactured or service planned to be offered and get an idea about market
share that is likely to be captured. (DEMAND FORCAST for Good &
Service and establish objectives related with Market Leadership & Customer
Moblisation)
Technical Analysis
Analysis of technical & engineering aspects is done continually when a
project is being examined and formulated.
Financial Analysis
It seeks to ascertain the financial viability of the project.
Economical Analysis:-
Also known as Social Cost Benefit Analysis
Project Identification:-
The idea behind project identification is finding out BUSINESS OPPORTUNITIES
-which are feasible & promising and
-which merit further examination and
appraisal.
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is concerned with the collection, compilation and analysis of economic data
Opportunities:-
According to PETER F. DRUKER- “Opportunities are of three types :-
1. Additive opportunities
2. Complementary Opportunities
3. Break Through Opportunities”
Additive opportunities:-
Those opportunities which enable the decision maker to better utilise the existing
resources without in any way involving a change in the character of the business.
Complementary Opportunities:-
Those opportunities which involves the introduction of new ideas and as such lead to a
certain level of change in the existing structure
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I)Creativity ;- Creativity plays a vital role in starting a new project “it not only
gives one the edge for recognising needs generating business & marketing ideas, but
it also helps in solving problems.
A person who faces a problem and finds a novel solution or is able to quickly
convert problem into an opportunity that has ready solution, will be survivor in the
field where others less flexible and less creative will be left behind.
A Project Report deals with the various aspects of a new project with reference to:
1. Location of the Project
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Control aspects of project
Broad market trend of the product and by product within and outside of the
state/country for 5 years
3. Raw Material
Raw material survey
Sources of availability
4. Production Process
Description of production processes
5. Technical Knowhow
Availability of technical know how within and outside country
6. Location of Plant
Its advantages and justifications
7. Water
Requirement of the water for process, boiler feed, cooling etc.
If power to be generated-
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*Total cost of investment,
*Choice of fuel and
*Cost of fuel available to the factory
9. Fuel
Requirement for stream raising or processing
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