Fairfield Institute of Management and Technology

ROLES OF PROJECT MANAGER

PROJECT MANAGEMENT
(Sub code :302)

Submitted to: Submitted by:

DR. SHWETA ASIF HUSSAIN

Enroll no: - 00651401717

BBA-G- 6th Sem

Section - D
ROLES OF PROJECT
MANAGER

TABLE OF CONTENTS
Content Page No.

Title……………………………………………………………………2

Introduction……….………………………………………………….4

Objective………………………………………………………………8

Conclusion…………………………………………………………….9

Bibliography…………………………………………………………..10

INTRODUCTION
Project?

a project is a series of tasks that need to be completed to reach a specific outcome. A project
can also be defined as a set of inputs and outputs required to achieve a particular goal.
Projects can range from simple to complex and can be managed by one person or a hundred.
Projects are often described and delegated by a manager or executive. They go over their
expectations and goals, and it's up to the team to manage logistics and execute the project on
time. Sometimes deadlines can be given. For good project productivity, some teams break it
up into individual tasks to manage accountability and utilize team strengths.

What is Project Management?

Project management is the application of processes, methods, skills, knowledge

and experience to achieve specific project objectives according to the project
acceptance criteria within agreed parameters. Project management has final
deliverables that are constrained to a finite timescale and budget.

A key factor that distinguishes project management from just 'management' is that it has this
final deliverable and a finite timespan, unlike management which is an ongoing process.
Because of this a project professional needs a wide range of skills; often technical skills, and
certainly people management skills and good business awareness.

Key components of project management are:

Time – the intended duration of the work

Quality – the standard of the outcome of the project.

Increasing or decreasing any one of these components will affect the others.

Cost – the budget allocated for the work

Scope – what innovations or changes will be delivered by the project

For example, reducing the time allocated to complete the project will also reduce the amount
of work that can be done (scope), which may then affect the quality and the cost of the
project.

Types of Project Management

Many types of project management have been developed to meet the specific needs of certain
industries or types of projects. They include the following:

1. Waterfall Project Management

This is similar to traditional project management but includes the caveat that each task needs
to be completed before the next one starts. Steps are linear and progress flows in one
direction—like a waterfall. Because of this, attention to task sequences and timelines are very
important in this type of project management. Often, the size of the team working on the
project will grow as smaller tasks are completed and larger tasks begin.

2. Agile Project Management

The computer software industry was one of the first to use this methodology. With the basis
originating in the 12 core principles of the Agile Manifesto, agile project management is an
iterative process focused on the continuous monitoring and improvement of deliverables. At
its core, high-quality deliverables are a result of providing customer value, team interactions,
and adapting to current business circumstances.

Agile project management does not follow a sequential stage-by-stage approach. Instead,
phases of the project are completed in parallel to each other by various team members in an
organization. This approach can find and rectify errors without having to restart the entire
procedure.
3. Lean Project Management

This methodology is all about avoiding waste, both of time and of resources. The principles
of this methodology were gleaned from Japanese manufacturing practices. The main idea
behind them is to create more value for customers with fewer resources.

There are many more methodologies and types of project management than listed here, but
these are some of the most common. The type used depends on the preference of the project
manager or the company whose project is being managed.

Roles of Project Manager

1. Activity and resource planning

Planning is instrumental in meeting project deadlines, and many projects fail due to poor
planning. First and foremost, good project managers define the project’s scope and determine
available resources. Good project managers know how to realistically set time estimates and
evaluate the team's or teams’ capabilities.

They then create a clear and concise plan to both execute the project and monitor its progress.
Projects are naturally unpredictable, so good project managers know how to make
adjustments along the way as needed before the project reaches its final stages.

2. Organizing and motivating a project team

Good project managers don’t get their teams bogged down with elaborate spreadsheets, long
checklists, and whiteboards. Instead, they put their teams front and center. They develop
clear, straightforward plans that stimulate their teams to reach their full potential. They cut
down on bureaucracy and steer their teams down a clear path to the final goal.

3. Controlling time management

Clients usually judge a project’s success or failure on whether it has been delivered on time.
Therefore, meeting deadlines are non-negotiable. Good project managers know how to set
realistic deadlines, and how to communicate them consistently to their teams.

They know how to effectively do the following:

Define activity

Sequence activity

Estimate the duration of activity

Develop a schedule

Maintain a schedule

4. Cost estimating and developing the budget

Good project managers know how to keep a project within its set budget. Even if a project
meets a client’s expectations and is delivered on time, it will still be a failure if it goes wildly
over-budget. Good project managers frequently review the budget and plan ahead to avoid
massive budget overruns.

5. Ensuring customer satisfaction

In the end, a project is only a success if the customer is happy. One of the key responsibilities
of every project manager is to minimize uncertainty, avoid any unwanted surprises, and
involve their clients in the project as much as is reasonably possible. Good project managers
know how to maintain effective communication and keep the company’s clients up-to-date.

6. Analyzing and managing project risk

The bigger the project is, the more likely there are to be hurdles and pitfalls that weren’t part
of the initial plan. Hiccups are inevitable, but good project managers know how meticulously
and almost intuitively, identify and evaluate potential risks before the project begins. They
know how to then avoid risks or at least minimize their impact.

7. Monitoring progress
During the initial stages, project managers and their teams have a clear vision and high hopes
of producing the desired result. However, the path to the finish line is never without some
bumps along the way. When things don’t go according to a plan, a project manager needs to
monitor and analyze both expenditures and team performance and to always efficiently take
corrective measures.

8. Managing reports and necessary documentation

Finally, experienced project managers know how essential final reports and proper
documentation are. Good project managers can present comprehensive reports documenting
that all project requirements were fulfilled, as well as the projects’ history, including what
was done, who was involved, and what could be done better in the future.
 OBJECTIVE
 To develop further understanding of the theories and concepts cover in the course,
 To develop a practice of learning new aspects of the subjects and develops a habit of
research related to the subject.
 CONCLUSION

After making this assignment all the concepts related to this topic is now cleared and
provides entro-knowledge regarding this topic.
 BIBLIOGRAPHY

1.Web site:

www.investopedia.com

www.axelos.com

www.apm.com

www.wrike.com

2.Search engine:

www.google.com