10/13/2015MBA-OP-03-(Project Management)_B.M.A.S.E.C 1 PREAMBLE OF PROJECT MANAGEMENT

04/19/23 MBA-OP-03-(Project Management)_B.M.A.S.E.C

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PREAMBLE PREAMBLE OFOF

PROJECT MANAGEMENTPROJECT MANAGEMENT


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INDEXINDEX

• PREAMBLE STRUCTURE• HOLLISTIC FIX• KEY CONCEPT• KEY RESEARCH AREA• KEY APPLICATION• INDUSTRIAL APPLICATION• RESEARCH• HOW WE STUDY• KEY JOBS• PROJECTS ONE CAN DO• TRENDS

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PREMABLE STRUCTUREPREMABLE STRUCTURE

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1.NAME OF THE INSTRUCTOR: Mrs.Pooja Prakash

2. CABIN LOCATION : B.M.A.S.E.C. Department of

Business Studies, 4th Floor – 1st cabin

from the MBA lab

3. TELEPHONENO. : +919927024810

4. EMAIL-ID : [email protected]

5. MEETING HOURS : 12:30pm – 1:30 pm (Tues to Sat)

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HOLISTIC FIX OF PROJECT HOLISTIC FIX OF PROJECT MANAGEMENTMANAGEMENT

PREREQUISITES: (Before 12th standard) • Basic Knowledge of Management Principles.

(After12th standard till Graduation)• Basic Concepts of Projects and related Project industries

• Knowledge of Laws & Concepts of Demand & Supply.

PRE REQUISTES (4th Semester)

• Costing procedures (taught in Cost Accounting)

• Sources of finance and areas of financing (taught in Financial management)


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HOLLISTIC FIX………CONTINUEDHOLLISTIC FIX………CONTINUED

PRE REQUISTES (4th Semester)• Basic Concept of Risk & Uncertainty (Studied in Security Analysis & Investment Management and Financial Management)•Basic Concept of Probability (Studied in Business Mathematics/ Business Statistics)•Knowledge of Cost Budgeting (Taught in Cost & Management Accounting)

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HOLLISTIC FIX………CONTINUEDHOLLISTIC FIX………CONTINUED

Related Advanced Subjects:

• Earned value management • Project+ • Project accounting • Project governance • Program management • Process architecture • Software development process • Systems Development Life Cycle (SDLC) • Virtual Project Management


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SCOPE IN RELATED FIELDS…

• Architectural engineering • Construction management • Cost engineering • Industrial engineering • Project workforce management • Portfolio management • Systems engineering • Software project management

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HOLLISTIC HOLLISTIC FIXFIX OF OF PROJECT MANAGEMENT………CONTINUEDPROJECT MANAGEMENT………CONTINUED


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Key Concepts of Project Management

Basic Concept of Project

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DISCREPANCIES IN PROJECT MANAGEMENT


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STEPS IN PROJECT MANAGEMENT


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DETAILED PROCESS OF PROJECT MANAGEMENT

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Also go through: http://www.projectsmart.co.uk/docs/pmprocess.pdf


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PROJECT DEVELOPMENT CYCLE

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Also read: http://www.visitask.com/project-life-cycle.asp

Watch: http://www.youtube.com/watch?v=OfgfnZZdMlI


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CONCEPT OF DEMAND AND SUPPLY

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Also Watch: http://www.youtube.com/watch?v=bVzx8fts8Ng


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RISK & RETURN CONCEPT

Also read: http://www.investopedia.com/university/concepts/concepts1.asp

Also watch: http://www.youtube.com/watch?v=hrXKvQjMwbk


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Probability= Total no. of ways event can

occur/Total no. of possible outcomes


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KEY RESEARCH AREA OF PROJECT MANAGEMENT

Research areas in cluster of Project Management:

• Theory of PM (including integration of complexity science, and socialscience). In short it is about moving away from/or beyond linear thinkingand positivist approach to a more "constructivist" approach (coconstruction of the reality, adaptation, contextualisation). The traditionaleconomics models are not working anymore as the underlyingassumptions have changed; this includes understanding the underlyingtheoretical assumptions and cultural environment of standardsdevelopment.

• The link of strategy/mission implementation/value creation,portfolio/programme mgt, project management, and operations.

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KEY RESEARCH AREA OF PROJECT MANAGEMENT (ctd.)

• Governance and Finance: especially in the area of Major Projectsand Capital Investment. This include Funding structures (beyond PPP/PFI, real options...), Governance approaches, Quality Assurance reviews at Front-End.

• Performance & Risk Management in relation with ContractManagement.


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Application of Project Management

• Project planning • Task management • Contact management • Reports


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KEY JOBS & COMPANIESHR Functions (Bangalore)http://www.devseeker.in/project-manager-bangalore-jobs3530.html

Centre for Action research &Traininghttp://www.devseeker.in/development-worker-orissa-jobs4081.html

SME ERPhttp://www.devseeker.in/erp-architect-westbengal-jobs4057.html

Blue Print Software System Inchttp://www.blueprintsys.com http://www.blueprintsys.com

CAhttp://www.ca.com/

Hewlett Packard Companyhttp://www.hp.com/

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CIO Decisions

http://ciodecisions.techtarget.com/

Mainsoft Corporation

http://www.mainsoft.com

Island Training Solutions Inc.

http://www.islandtraining.com

Data Flux Corporation

http://www.dataflux.com/

IFS

http://www.ifsworld.com/us

KEY JOBS AND COMPANIES (Ctd..)


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PROJECTS

Kitchen Remodeling Project Installation of LAN at MBA lab of your college Use of Sensitivity analysis in financial evaluation

of Capital Projects (refer to : http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6V9V-3Y44SFR-

P&_user=10&_coverDate=08%2F31%2F1995&_rdoc=1&_fmt=high&_orig=search&_sort=d&_docanchor=&view=c&_searchStrId=1238029482&_rerunOrigin=google&_acct=C000050221&_version=1&_urlVersion=0&_userid=10&md5=1f543014269a2bb4e897738e17e22815)


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HOW WE STUDY..???

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Tutorial Plan Handouts + LAN Server

Reference Sources Handouts + LAN Server

Lecture Plan Handouts + LAN Server

Individual Assignments LAN Server

Group Assignments Handouts + LAN Server

UPTU Paper Mapping LAN Server

I Google Will be shared by individual Gmail Ids


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Trends in Project Management• Enterprises continue to look for Efficiencies in Process & Technology.

• Agile and Lean Processes are overtaking Waterfall.

• PMOs will go to the next level with BA Centers of excellence.

• Vendor Management & Programme outsourcing.

• Risk management will become a PM obsession.

• PM’s are becoming independent consultants.

• Virtual & Independent Teams will be more Prevalent

• Social Media will become a Norm

• PM & BA Roles are Converging

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THANK YOU

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Documents

10/13/2015MBA-OP-03-(Project Management)_B.M.A.S.E.C 1 PREAMBLE OF PROJECT MANAGEMENT