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Project Management

Project Management. 1. Launch a new product. Project/Functional 2. Manage a research unit. Project/Functional 3. Conduct an appraisal. Project/Functional 4. Raise £50,000 in sponsorship. project/Functional 5. Sell Company services. Project/Functional

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Project Management

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  1. Project Management

  2. 1. Launch a new product. Project/Functional 2. Manage a research unit. Project/Functional 3. Conduct an appraisal. Project/Functional 4. Raise £50,000 in sponsorship. project/Functional 5. Sell Company services. Project/Functional 6. Review existing procedures. Project/Functional 7. Administrate Theatre Company. Project/Functional 8. Supervise the office Project/Functional 9. Build a house. Project/Functional 10. Write a book. Project/Functional What do u think………..?

  3. An idea Driven by a Need, A desire for innovation and creativity How does project emerge?

  4. Project is a sequence of unique, complex and connected activities having one goal or purpose and that must be completed by a specific time, within budget, and according to specification. Definition

  5. SEQUENCE OF ACTIVITIES A project comprises a number of activities that must be completed in some specified order. The sequencing is based on technical or best practice requirements, not on management prerogatives. Definition (cont’d)….

  6. UNIQUENESS Every project has some elements that are unique. No two construction or R&D projects are precisely alike. The presence of repetitive elements does not change the fundamental uniqueness of the project work. Definition (cont’d)….

  7. COMPLEX ACTIVITIES The activities that comprise the project are relatively complex. That is, they are not simple, repetitive acts, such as mowing the lawn or car washing. Definition (cont’d)….

  8. CONNECTED ACTIVITIES Connectedness follows the fact that the output from one activity is input to another. e.g. we must design the computer program before we can program it. Definition (cont’d)….

  9. ONE GOAL Project must have a single goal as compared to a program, which can have many goals. • SPECIFIED TIME Projects have a specified completion date. This may be self-implemented by management or externally specified (as by a customer). Definition (cont’d)….

  10. WIHTIN BUDGET Projects also have resource limits, such as a limited amount of people, money, machines that are dedicated to the project. While these may be adjusted up or down by management, they are considered fixed resources to the project managers. Definition (cont’d)….

  11. Project may be self implemented or customer specified. E.g. construction of house by the contractor (can be both) Project specification

  12. All those activities that have start and end, objective and constraints are known as project. OR • A project is a one shot, time limited, goal directed and requiring the commitment of varied skill and resources. OR • A project is a temporary endeavor undertaken to create a unique product, service or a result. Project can also be defined as…..

  13. A project is an old concept and new approach. Some thing interesting….

  14. 1. Launch a new product. Project • 2. Manage a research unit. Functional • 3. Conduct an appraisal. Functional • 4. Raise £50,000 in sponsorship. Project • 5. Sell Company services. Functional • 6. Review existing procedures. Project • 7. Administrate Theatre Company. Functional • 8. Supervise the office. Functional • 9. Build a house. Project • 10. Write a book. Project Solution

  15. 1. Goal and Objectives 2. Life span 3. Teamwork 4. Unique 5. Constraints 6. RISK and uncertainty Characteristics of a Project..

  16. Normal project Crash project Disaster project Kinds of project (cost, quality, time)

  17. 1. Normal project Completion of project within given time, given cost and up to the satisfaction Level. 2. Crash project Time and cost can overlap but no compromise on quality 3. Disaster project Overlap in time and cost but compromise on quality as well. Kinds of project (cost, quality, time)

  18. Four constraints operate on every project. Scope Cost Time Resources PROJECT PARAMETERS

  19. Scope : It is a statement that defines the boundaries of the project. It tells not only what will be done but also what will not be done. • for information industry its referred to functional specification, in engineering profession: its called statement of work. Scope may be referred to as a document of understanding, a scoping statement, a project initiation statement, and a project request form….. PROJECT PARAMETERS (cont’d)

  20. Cost : The dollar cost of doing the project is another variable that defines the project ( preparation of budget). PROJECT PARAMETERS (cont’d)

  21. Time: the customer specifies a time frame or deadline date within which the project must be completed. (to a certain extent time and cost are inversely related). Resources: resources are assets, such as people, equipment, physical facilities or inventory. PROJECT PARAMETERS (cont’d)

  22. Cost Time • Resources PROJECT PARAMETERS (cont’d) Scope

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