I. Project management is all about calculating the pitfalls and creating outlets to avoid the consequences. II. All the projects share a common aim – following ideas and activities to shape them into working realities. III. Even if the project is well planned and carried still the possibility of encountering dangers exists.

3. Basic Concept
 Project management is all about calculating
the pitfalls and creating outlets to avoid the
consequences.
 All the projects share a common aim – following ideas
and activities to shape them into working realities.
 Even if the project is well planned and carried still the
possibility of encountering dangers exists.

5. Importance of Project Management
 The importance of project management is an
important topic because all organisations, be it small
or large at one time or other are involved in
implementing new undertakings.
 These undertakings may be diverse such as the
development of a new product or service; the
establishment of a new production line in a
manufacturing enterprise; a public relations
promotion campaign; or a major building programme.

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8. Advantages
Business advantage: By timely achievement of goals,
optimal resource utilization and information based
decision making.
Competitive advantage: Workforce energized by culture
of execution and collaboration, customer satisfaction by
“profitable” results
Tangible benefits for individuals at various levels in
organizations.
Minimization of conflicts and confusions

10. Considerations
Project Portfolio Management
Resource Management
Document Management
Cost Control
Budget Management

11. Contd…
 Resource Allocation
 Communication
 Quality Management
 Documentation System
 Administrative System

12. Methodologies
 Plans
 Organising
 Staffing
 Guiding
 Monitoring
 Innovation
 Completion

14. Shortcomings
Delays in one area not communicated to a dependent
area.
Schedules having short-term forecast range.
 Long-term planning at the activity-level non-existent.
Schedules not identifying true critical paths and not
including non-working time and defect estimates.

15. Objectives
Desired end results
Expenditure
Timely completion

17. Steps
 determining how to plan
 developing the scope statement;
 selecting the planning team;
 identifying deliverables and creating the work breakdown
structure;
 identifying the activities needed to complete those
deliverables and networking the activities in their logical
sequence;

19. Importance Of Project Maintenance
Project Maintenance is an ongoing process, and
it includes:
 Continuous support of end users
Correction of errors
Updates of the time utilized

20. Major Project Types
 Civil Engineering, Construction,
 Petrochemical, Mining, and Quarrying
 Manufacturing Projects

Management Projects

21. Project Identification
Project identification is used to determine the
organizational needs .
It explores the users needs, and converts them into a
formal, planned, resourced and funded project.
 It defines the project’s objectives and goals

22. Importance of Project Identification
 Entrepreneurship Management
 It has long term consequences (make or break)
 involves commitment which can not be easily reversed
Ideas are put into action
 Projects are catalytic agents for economic development

23. Contd…
 Involves creative use of resources- manpower, capital, raw
materials etc.
 Generates value addition and build-up national capital
Brings socio-cultural development
Leads to development of infra-structure and environment

24. Components of an E-Mail
http://www.moocsengine.com
http://www.facebook.com/moocsengineonline

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