BY GROUP -1( SEC:MHR)

SUBMITTED TO: BIDI KASHYAP MAM

GROUP MEMBERS

PROJECT ERAGAM JEEVANA SOWJANYA-20MBAR0527

MANVITH.A-20MBAR0541

MANAGEMENT THARUNIKA LAKSHMI.K-20MBAR0547

HERALD FELIX.C-20MBAR0306
KATTA MANOJ KUMAR-20MBAR0606
RAHUL KROVVIDI-20MBAR0047
PROJECT MANAGEMENT

 Project is a temporary endeavor under taken to produce a unique product or service

ex: project Tiger, Narmada valley development project etc.
 Project management is the application of knowledge,skills,tools and techniques to
project activities in order to meet project requirements
 Each project is unique and differs from routine operations
 It involves the planning and organization of a company resources to move a specific
task ,event.
 It is often associated with fields like engineering, construction, health care,
information technology etc.
 Many different types of project management methodologies and techniques exist,
including traditional, agile etc ex: launching of a new service, Development of a new
product.
 Importance of project management

 Managing a project more often t requires a team of people with skills and abilities
that complement each other and help to work towards reaching the goal of the
project. The team, along with its project manager are responsible for planning,
organizing and monitoring project progress
 Reasons:
 Clearly defines the project before it begins
 Establishes an scheduled plan
 Creates a base work for team
 It helps in budgeting and resource allocation
 Helps in tracking project progress in terms of completion, time and costs.
Traditional Project Management

 Also known as the waterfall approach, traditional project management follows each of the five
stages in order. Traditional project managers put a lot of time into initiating and planning to
account for every possible scenario. Any delay or error could throw the rest of the project off.

 A structured timeline is crucial in traditional waterfall project management applications. Each

project step builds upon the last, and team sizes may grow as the project complexity changes.

 Traditional project management is a good choice for situations with a lot of "red tape." A great
example is construction—typically, project managers must obtain permits and clearances before
building. The project itself must also follow a specific order. You can't put a roof on a house
before building the walls!

 While traditional project management has many benefits, its linear structure can mean that any
mistake comes with a large impact on budget and timeline. If an error is made in the first week of
project execution but not discovered until the end, it may be necessary to redo a large portion of
the work.
Traditional project management process

INITIATIN
PLANNING EXECUTING
G

MONITORING AND
CLOSING CONTROLLING
 Modern project management

 Modern project management is a well-understood discipline that can produce

predictable, repeatable results. The methodologies of modern project management
are highly analytical, usually requiring automated tools to support them on large
projects.
 Modern project management leverages automated tools to help plan, execute, and
organize work
 Modern project management serves unique projects. These could be one-time
projects, such as website builds. Often, a services provider specializes in
delivering unique projects repeatedly, such as a creative website build
Advantages of modern project

 3 advantages of modern project management are:

 Juggle more projects at once
 Minimize risk and human error
 Flexibility etc.
 TRADITIONAL PROJECT MANAGEMENT  MODERN PROJECT MANAGEMENT 

 Traditional Project Management is used  Modern project management leverages

by many businesses today and it works automated tools to help plan, execute, and
well for projects with a fixed budget or organize work. It's also viewed as the more
deadline. flexible method.

 Modern project management is a well-understood

 This project management style requires
discipline that can produce predictable,
one task to be completed before the next repeatable results. 
one can begin.

 The methodologies of modern project

 This follows a fixed sequence: initiation, management are highly analytical, usually
planning, execution, monitoring, and requiring automated tools to support them on
closure. large projects.