PROJECT MANAGEMENT

INTRODUCTION
The word ‘project’ came from the Latin
word projectum from the Latin verb
proicese (to throw something forwards)
which in turn comes from ‘pro’ which
denote something that proceeds the
action of the next part of the word.
PROJECT

A project is a combination of interrelated

activities with well defined objectives to
be completed in a specific time period.
Project is something special which is
different from routine and regular
activities
DEFINITIONS
 According to Harrison, “ Project is a non
routine, non repetitive, one-off
undertaking, with well defined time,
financial and technical performance
goal;”
 According to Project Management
Institute (PMI), “Project can be defined
as a temporary endeavor undertaken to
accomplish a unique objective at goal.”
EXAMPLES OF PROJECT
Construction of a house.
Writing a book.
Building a dam.
Introducing a new
product in the market.
Construction of a new bridge over a
river.
A Politician contesting an election.
Organizing a seminar.
CHARACTERISTICS OF PROJECT
Well defined objectives
Uniqueness (Non-routine activity)
Complexity (Demands team work)
Life cycle
Risk and uncertainty
Change (In response to environment)
Non Recurring
Duration of activities uncertain
Completion deadline
CHARACTERISTICS
OF
PROJECT(contd.)
Involves resources
Optimality
Multidisciplinary & Interdependencies
Forecasting
Definite time limit
Team work
Conflict for
resources
A separate disposable team
Performance measurement
TAXONOMY OF PROJECTS
Based on the type of activity
Based on the location of the project
Based on the completion time
Based on ownership
Based on size
Based on need
TYPES OF PROJECTS
Construction projects
Research projects
Reengineering projects
Procurement projects
Business implementation projects
Miscellaneous types
CATEGORIES OF PROJECT
INTRODUCTION TO PROJECT
MANAGEMENT
Meaning : Project management is a system
of procedures, practices, technologies and
know how that enables the planning,
organising, staffing, directing and controlling
of project activities to successfully manage a
project.
It may be described as planning ,organizing,
staffing ,directing and controlling some part
of the organization for relatively short period
of time to achieve the project objectives
with in laid down constraints
DEFINITION
It is defined as “The application of
knowledge, skills, tools and techniques to
project activities in order to meet project
requirement.”
“ Project Management is the art of directing
and coordinating human and material
resources throughout life of a project by
using modern management techniques to
achieve pre-determined objectives of scope ,
cost , time, quality to the equal satisfaction of
those involved.”
-Project mgt inst of USA
WHY PROJECT MANAGEMENT

Interdependency and complexity

Sharing of Resources
Size of Project
Importance of the Project
Changes in the market
3 Ws OF PROJECT MANAGEMENT
What : Scientific application of modern
techniques and tools.
Whom : In planning, financing,
implementing, monitoring, controlling
and coordinating unique activities of
project
Why : To produce desirable outputs in
accordance with predetermined
objectives within constrains of time and
cost.
THE SCOPE TRIANGLE

Project scope and

quality

Resources
PROJECT PARAMETERS
Defining project scope
Defining quality
Managing time
Managing cost
Managing resources
IMPORTANCE OF PROJECT
MANAGEMENT
Increasing size and complexity of
projects
Increasing importance of financial
controls
Urgency of early completion
Growing amount of statutory regulations
Increased sophistication of technology
Inability of managers and architects to
manage the things
Shortening of product life cycle
Global competition
Cost control
Explosion of knowledge
Focus on customers
BENEFITS OF PROJECT
MANAGEMENT
Clear description of work to be performed
Responsibilities and assessment of
tasks Time limit for task completion
Measurement of accomplishment against
plans is possible
Problems are exposed in advance allowing
corrective action
Objective that cannot be met are identified
early
ELEMENTS OF A SUCCESSFUL
PROJECT
Has been finished on time.
Is within its cost budget.
Performs to technical/performance
standards which satisfies the end user.