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CHAPTER NO. 6
Power Economics and Management MANAGEMENT OF POWER SYSTEM
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2nd Semester, 3rd Year (13EL)

B.E Electrical Engg. Program
Nayyar Hussain
Assistant Professor
Lecture No. 32
Department of Electrical Engineering
Mehran University of Engg. & Technology,
Jamshoro
 Concept and Theory of Management
 Methods and Process of Management
 Management Information System, IT
 Project Management
 Reliability of Power System and Optimization
 Safety Regulation in Power System
 Management Problem of Pakistan’s Power Sector
 Service to Power Consumers

Introduction to Project Management

PROJECT MANAGEMENT  Project Failures

PRINCIPLES AND PRACTICES 


Project Successes
What is Project Management?
 Key Functional Areas of Project Management
(Project Management Knowledge Areas)
 Project Life Cycle

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Project Failure Reasons for Project Failure

 Identify reasons that project fail 1. Poor project and program management discipline
2. Lack of executive-level support
3. No linkage to the business strategy
4. Wrong team members
5. No measures for evaluating the success of the project
6. No risk management
7. Inability to manage change

Project Success Criteria Iron Triangle

 On time
 On budget
 Meeting the goals that have been agreed upon

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What is a Project? Project Management

 Temporary with specific start and end dates  Project Management

 Unique  The “application of knowledge, skills, tools and
techniques to project activities to meet project
 Progress elaboration
requirements.”
 9 Knowledge areas

1) Integration Management 2) Project Scope Management

 Fitting everything together  Clear scope statement
 Planning  Prevent scope creep
 Project Changes

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3) Project Time Management 4) Project Cost Management

 Time and Schedule  Manage costs
 Planning  Out of your control
 Managing  Competing projects

5) Project Quality Management 6) Project Human Resource Management

 Planning quality  Organizational planning

 Enforcing quality  Staff acquisition
 Checking quality control  Making a team

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7) Project Communications Management 8) Project Risk Management

 Communication plan  Risk management plan

9) Project Procurement Management Project Life Cycle

 Acquisition and contract management

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Project Definition Phase Project Planning Phase

 Initiate the project  Organize and staff the project
 Identify the Project Manager  Develop a Project Plan
 Develop the Project Charter  Sign off on the Project Plan
 Conduct a Feasibility Study
 Define Planning Phase
 Sign off on the Project Charter

Project Execution Phase Project Close-out Phase

Execute the Project Plan
Document the lessons learned during the project


Manage the Project Plan
After-implementation review


Implement the project’s results
Provide performance feedback


Sign off on project’s completion
Close-out contracts



 Complete administrative close-out

 Deliver project completion report

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THANKS