A project is defined as a sequence of tasks that must be completed to attain a certain outcome. Project management involves planning, directing, and controlling resources like people, equipment, and materials to meet the technical, cost, and time constraints of a project. There are typically five phases to a project life cycle: initiation, planning, executing, monitoring and controlling, and closure. Project managers are responsible for effectively managing work, human resources, communication, quality, time, and costs to lead a project team to completion. Common project management techniques include critical path method (CPM) and Program Evaluation Review Technique (PERT) which model activities and dependencies in a network to help schedule and plan a project.

1. Project
Management
Submitted to: Prof. Ipsita Mishra
Submitted by: Regd no:
220402100039- Simhadri Bhavana

2. WHAT IS A PROJECT?
A project is defined as a sequence of
tasks that must be completed to
attain a certain outcome.
Project Management are the
management activities of
planning, directing, and
controlling resources
(people, equipment,
material) to meet the
technical, cost, and time
constraints of a project.
WHAT IS A
PROJECT
MANAGEMENT?

3. INITIATION
PROJECT LIFE CYCLE
PLANNING EXECUTING
CLOSURE
MONITORING &
CONTROLLING

4. 1
2
3
4
5
WHY DO YOU NEED
PROJECT MANAGEMENT?
Interdependency
and Complexity
Sharing of resources
Size of the Project
Importance of the
Project
Changes in market
size

5. WHO IS A PROJECT MANAGER?
ROLES:
To manage and lead the
project team.
Manage communications
to see that the
appropriate parties are
informed.
Manage time by planning
and meeting a schedule.
Manage quality
Manage costs
RESPONSIBILITIES:
Effective management of:
1.Work
2.Human resource
3.Communication
4.Quality
5.Time
6.Costs.
A project manager is a professional who organizes, plans, and
executes projects while working within restraints like budgets and
schedules.

6. KEY DECISIONS IN
PROJECT MANAGEMENT
1.DECIDING
WHICH PROJECT
TO IMPLEMENT
2.SELECTING
THE PROJECT
MANAGER
3.SELECTING
THE MEMBERS
OF THE
PROJECT TEAM
4.MANAGING AND
CONTROLLING
PROJECT
RESOURCES
5.DECIDING
WHETHER TO
TERMINATE A
PROJECT OR NOT

7. PROJECT PLANNING & CONTROLLING

8. NETWORK-PLANNING
MODEL
CRM(Critical Path Method)
PERT(Program Evaluation
Review Technique)
Scheduling techniques model the
project’s activities and their
relationships as a “Network”. In
network time flows from left to
right. There are two best
techniques:

9. CRM
The critical path method, is an algorithm for
scheduling a set of project activities.
It is commonly used in conjunction with the
program evaluation and review technique.
Advantages Helps spot problems early
Disadvantages Makes it harder to see issues
with non-critical tasks
Advantages Makes schedule easier to adapt
Disadvantages Does not account for resource
constraints
Advantages Visual
Disadvantages Steep learning curve
PROS & CONS:

10. Optimistic Time (To)
Pessimistic Time (Tp)
Most Likely Time (Tm)
PERT or the Program Evaluation and Review
Technique is a method that analyzes the
time required to complete each task and its
associated dependencies, and to determine
the minimum amount of time required to
complete a certain project.
The process takes into consideration three
different time estimates: Step 1: Identify the activities
Step 2: Identify dependencies
Step 3: Draw a chart
Step 4: Establish timelines for
activities
PERT

11. THANK
YOU