project management
DESCRIPTION
I. Project management is all about calculating the pitfalls and creating outlets to avoid the consequences. II. All the projects share a common aim – following ideas and activities to shape them into working realities. III. Even if the project is well planned and carried still the possibility of encountering dangers exists.TRANSCRIPT
Basic Concept
Project management is all about calculating
the pitfalls and creating outlets to avoid the consequences.
All the projects share a common aim – following ideas and activities to shape them into working realities.
Even if the project is well planned and carried still the
possibility of encountering dangers exists.
Importance of Project Management
The importance of project management is an important topic because all organisations, be it small or large at one time or other are involved in implementing new undertakings.
These undertakings may be diverse such as the development of a new product or service; the establishment of a new production line in a manufacturing enterprise; a public relations promotion campaign; or a major building programme.
STAGES In Project
Management
AdvantagesBusiness advantage: By timely achievement of goals,
optimal resource utilization and information based decision making.
Competitive advantage: Workforce energized by culture of execution and collaboration, customer satisfaction by “profitable” results
Tangible benefits for individuals at various levels in organizations.
Minimization of conflicts and confusions
Considerations
Project Portfolio Management
Resource Management
Document Management
Cost Control
Budget Management
Contd…Resource Allocation
Communication
Quality Management
Documentation System
Administrative System
Methodologies Plans
Organising
Staffing
Guiding
Monitoring
Innovation
Completion
Shortcomings
Delays in one area not communicated to a dependent area.
Schedules having short-term forecast range.
Long-term planning at the activity-level non-existent.
Schedules not identifying true critical paths and not including non-working time and defect estimates.
Objectives
Desired end results
Expenditure
Timely completion
Steps determining how to plan
developing the scope statement;
selecting the planning team;
identifying deliverables and creating the work breakdown structure;
identifying the activities needed to complete those deliverables and networking the activities in their logical sequence;
Importance Of Project MaintenanceProject Maintenance is an ongoing process, and
it includes:
Continuous support of end users
Correction of errors
Updates of the time utilized
Major Project Types
Civil Engineering, Construction,
Petrochemical, Mining, and Quarrying
Manufacturing Projects
Management Projects
Project Identification
Project identification is used to determine the organizational needs .
It explores the users needs, and converts them into a formal, planned, resourced and funded project.
It defines the project’s objectives and goals
Importance of Project IdentificationEntrepreneurship Management
It has long term consequences (make or break)
involves commitment which can not be easily reversedIdeas are put into action
Projects are catalytic agents for economic development
Contd…
Involves creative use of resources- manpower, capital, rawmaterials etc.
Generates value addition and build-up national capitalBrings socio-cultural developmentLeads to development of infra-structure and environment
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