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Project management and project life cycle

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Project management and project life cycle

  1. 1. Project Management
  2. 2. What is a Project?  It is a group of unique, inter-related activities that are planned and executed in a certain sequence to create a unique product and services within a specific time frame, scope and budget.  The Project Management Institute (U.S.A.) has defined project as, ‘’a combination of human and non - human resources, pooled together in a temporary organization to achieve a specific purpose’’.
  3. 3. What is Project Management? • Project management is a system of procedures, practices, technologies and know-how that enables the planning, organizing, staffing, directing and controlling necessary to successfully manage a project. • The primary challenge of project management is to achieve all of the project goals and objectives while honoring the preconceived constraints. • Typical constraints are scope, time and budget. The secondary—and more ambitious—challenge is to optimize the allocation and integrate the inputs necessary to meet pre-defined objectives.
  4. 4. Project Manager: • A project manager is the person responsible for supervising a systems project from initiation to conclusion.
  5. 5. Project characteristics:  Objective  Unique activities  Attainment of specific goal  Specified time  Interrelated activities  Life-cycle  Sequences of activities
  6. 6. Project Parameters:  Scope  Quality  Time  Cost  Resources
  7. 7. Functions of Project Management: • Scoping – setting the boundaries of the project • Planning – identifying the tasks required to complete the project • Estimating – identifying resources required to complete the project • Scheduling – developing a plan to complete the project • Organizing – making sure members understand their roles and responsibilities
  8. 8. Functions of Project Management: • Directing – coordinating the project • Controlling – monitoring progress • Closing – assessing success and failure
  9. 9. Measures of project success: The resulting information system is acceptable to the customers (e.g. users, managers).  The system was delivered ‚on time.‛  The system was delivered ‚within budget.‛
  10. 10. Measures of project failure:  Failure to establish upper-management commitment to the project  Lack of organization’s commitment to the methodology  Taking shortcuts through or around the methodology  Poor Project management: Feature creep Scope creep
  11. 11. Project Life Cycle
  12. 12. What is Project Life Cycle? • The attention that a project receives isn’t uniformly distributed throughout its life span but varies from phase to phase. • Most projects pass through the following five phases, which tend to overlap at times: Conceptio Definition Planning Implementatio Clean up n n
  13. 13. Significance of Project Life Cycle: It defines: The phases of the project (time) The work performed in each phase (work) The input and output of each phase (result) The milestone of each phase (end sign)
  14. 14. Project Life Cycle – Timeline:
  15. 15. Conception/Initiation Phase: • Conception is the phase during which the project idea finds genesis and germinates, out of:  the need to solve a problem,  the observance of one’s environment,  the drive to innovate something new. • This phase is essential and if flawed, it may lead to defective and dysfunctional projects. • A well conceived project goes a long way towards successful implementation and operation.
  16. 16. Definition Phase: • The definition phase of the project involves developing the idea generated during Conception phase. • It produces a document describing the project in sufficient detail, covering all necessary aspects like the manpower, materials, machinery, layout, utilities and feasibility. • It clears most of the ambiguities and uncertainties about the formation made in the previous phase.
  17. 17. Planning Phase: • This phase starts almost immediately after the conception phase and overlaps with both definition and implementation phases. • This phase involves the preparation for the project to take – off smoothly and effects many decisions related to the ‘project basics’. • It involves both Core planning and facilitating planning.
  18. 18. Core Planning: Scope Definition Activity Definition Activity Sequencing Activity Duration Estimating Schedule Development Resource Planning Cost Estimating Cost Budgeting Project Plan Development
  19. 19. Facilitating Planning: Quality Planning Organizational Planning Staff Acquisition Communications Planning
  20. 20. Implementation Phase: • This phase is a period of ‘’hectic activity’’. During this period, the idea starts materializing physically and tangibly and for the first time, the project can be seen off the paper. • Usually, 80-85 percent of the project work is done in this phase using all techniques of project management. • The various sub – phases of this phase, which often overlap, are as following: Commissioni Engineering Procurement Construction ng
  21. 21. Implementation Phase: (Contd)  Project Plan Execution  Complete Work Packages  Information Distribution  Scope Verification  Quality Assurance Team Development  Progress Meetings  Information Distribution  Source Selection  Contract Administration
  22. 22. Controlling: • Controls are performed to regularly measure project performance, to adjust project plans and take preventive actions in anticipation of possible problems.
  23. 23. Clean – up/Termination Phase: • This is the transition phase in which the project is handed over to the operators and/or agencies responsible for maintaining it. • This phase is a clean – up task in which all project accounts are closed, Outstanding payments are settled and dues are collected. • All previous phases involve compartmentalized disposition of the project personnel and that task is winded - down in this phase.
  24. 24. Clean – up Phase: (Contd) • Administrative Closure – generating necessary information to formally recognize phase or project completion. • Contract Close-out – completion and delivery of project deliverables and resolving open issues. It includes: Purchase Audits Product Verification Formal Acceptance Lessons Learnt Update of Records Archives of Records Releasing the Project Team
  25. 25. Synopsis:
  26. 26. Presented By: PGDBM – Sec ‘A’
  27. 27. Queries:

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