PROJECT MANAGEMENT CONCEPT

WHAT IS PROJECT?
ECONOMIC SENSE: An activity which is undertaken to generate additional production & recourses of an economy. AS PER TIME: One shot time bound major activity demanding the commitment of varied skill & resource to achieve specific goal.

AS PER PRODUCTION:
Project include both setting up of new unit or substantial expansion of existing unit of production.

BASIC ATTRIBUTE
1. THE INPUT CHARACTERISTIC. 2. OUTPUT CHARACTERISTIC. 3. SOCIAL COST BENEFIT CHARACTERISTIC.

Utility of society

P R O J E C T

Employment generation Ancillary development Area development Investment flow Income generation Social benefits Environmental effects

CHARACTERISTIC OF PROJECT:
1. 2. 3. 4. 5. 6. Project is one time activity. Definite start & finish. Cross functional relationship. Definable goal or result. Demand investment. Once the project goal are achieved project team will be disbanded.

PROJECT MANAGEMENT
APPLICATION OF PROJECT MANAGEMENT: 1. KNOWLEDGE 2. SKILL 3. TOOL & TECHNIQUE

FIVE PROCESS
1. 2. 3. 4. 5. Initiating processes Planning processes Executing processes Monitoring & controlling processes Closing processes

NINE KNOWLEDGE AREA:

1. 2. 3. 4. 5. 6. 7. 8. 9. PROJECT PROJECT PROJECT PROJECT PROJECT PROJECT PROJECT PROJECT PROJECT COMMUNICATION MANAGEMENT INTEGRATION MANAGEMENT RISK MANAGEMENT SCOPE MANAGEMENT TIME MANAGEMENT COST MANAGEMENT QUALITY MANAGEMENT HUMAN RESOURCE MANAGEMENT PROCUREMENT MANAGEMENT

PROJECT MANAGEMENT PEOPLE MANAGEMENT Leadership Problem solving Conflict management Team management Change management

AIM & OBJECTIVE

1. 2. 3. 4. Must get completed Completed within allotted fund Completed within allotted time Completed to the satisfaction of user 5. Avoidance of delay, technical flaws & drawing deficits 6. Control over chain reaction activities

ROLE OF PROJECT MANAGER

1. 2. 3. 4. 5. 6. Integrator Communicator Decision maker Motivator Change agent Evangelist

RESPONSIBILITIES OF PROJECT MANAGER

Planning project activities, task & end results Selecting & organizing the project team Interfacing with stakeholder Negotiating with contractor, consultant, top management Monitoring project status Identifying technical & functional problem Solving problem Resolving conflicts Recommending termination