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8/17/2019 Project Management Test
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Project management
Made by
Abhishek malaviya
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What is project and difference between project and
operation
Turner defines projects as an Endeavour in which
human, materials, financial and knowledge resources are
organized in a novel way, to undertake a unique scope of
work, of given specification, within constraints of cost
and time, so as to deliver quantitative, qualitative andconsumer oriented product and service.
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Project and program
(roject)"Turner defines projects as an Endeavour inwhich human, materials, financial and knowledge
resources are organized in a novel way, to undertake a
unique scope of work, of given specification, within
constraints of cost and time, so as to deliver quantitative,qualitative and consumer oriented product and service.
(rogram)" * single use plan that covers a relatively large
set of activities and specific major steps their order andtiming and the unit responsible for each steps.
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Characteristics of project
'i+ed set of objectives
Tenure
Team work
nique
$ife cycle
#ade to order
%ingle entity
#ulti skilled staff %ubcontracting
isk and certainity
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Constraints of project
(erformance
Time
-ost
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Project management
(roject management is a methodological approach to planning and guiding project processes from start to
finish. t is method of planning the plan. t starts from
project definition and ends with goal management.
(#/01 defines project management as the application
of knowledge, skill, tool and techniques to project
activities in order to meet stakeholders need and
e+pectations from a project.
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mportance of project management
apidly changing technology
2igh entropy of system
%queezed life cycle of products
3lobalization impact$arge organization
-ustomer focus
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Reason for success of anyproject(roject %ponsorship at e+ecutive level
3ood project charter
%trong project management
The right mi+ of team players3ood decision making structure
3ood communication
Team members are working toward commongoals
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Reason to do feasibilitystudyGives focus to the project.arro!s the business
alternatives.
Identi"es ne! opportunities.Identi"es reasons not to proceed.
Provides valuable information for
#go$no go% decision.Increases probability of business
success by identifying
!eaknesses early.
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&ypes of feasibility study
Market analysis'inancial analysis
&echnical analysis
(conomic analysis
(cological analysis
)egal and administrative analysis
*perational analysis
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&ypes of project
-lassification based on duration
45 $ong term " 6 47 years
85 #edium term 9 : to 47 years
;5 %hort term " < : years
-lassification based on investments 45 2igh investment" 6 87 crores
85 #edium investment" : to 87 crores
;5 $ow investment" < : crores
-lassification based on ownership
45 3overnment
85 corporate
;5 -ooperative
=5 (artnership or proprietorship
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-lassification based on risk
4. 3reenfield project
8. /rownfield project
i5 E+pansion project
ii5 &ertical integration project
iii5 >iversification project
;. >ivestment project=. #odernization project
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Project life cycle
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• -oncept phase
• (lanning
• mplementation
• Termination
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Project initiation+conceptphase,>evelop a business case
◦ >etailed description of problem ?opportunities
◦ 0ptions for solutions and the risk associated
◦ 'easibility@cost, profit5 of every solution
ndertake a feasibility study
Establish terms of reference @mission, vision, objective,
scope, structure of organisation5
*ppoint a project team
%etup a project office (erform a phase review
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Project planning
(roject identification
◦ -ollection, compilation and analysis of data
◦ (urpose of locating possible opportunities for
investment and development of such opportunity-riteria of selecting a project
◦ nvestment size
◦ $ocation
◦ Technology
◦ Equipment
◦ marketing
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Project implementation
E+ecution of plan
2andle the change
(roject control
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&ermination
(roject audit
(reparation of operation manual
nforming stakeholders
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&ypes of opportunity
*daptive
*dditive
%upplementry
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(ntrepreneur
Entrepreneur is a person who discovers new ideas and business opportunities, brings together funds to establish
a business, organizes and manages its operations in
order to provide economic goods and services, for
public. Entrepreneurs have a strong convictions, selfmotivation, the will to grow and prosper tremendously
and also the courage to go bankrupt f they failure in
their venture. /ut in majority of cases they starts with
nothing and end with positive results.
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-asics of entrepreneur
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(ntrepreneurial structure
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