PROJECT MANAGEMENT

PRESENTED BY
CHIRANTH PRASHANTH RAGHAVENDRA CK
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Project Management: A project is a complex, non-routine, one time effort limited by the time, budget, resources & performance specifications designed to meet customer needs.

Project management is the discipline of planning, organizing, securing & managing resources to bring about the successful completion of specific project goals & objectives.

The Characteristics of a Project are as follows:

- An established objective. Once they are met, project are closed - A defined life span With a beginning & end -Typically, doing something that has never done before - Specific time, cost & performance requirements. - The project is a single entity, while is participants may be many. - Project have definite life cycle. - All projects are unique, as the people & plans involved in similar projects also are different. - Teamwork is absolutely essential. People from all functional groups are needed.

-A project is subjected for lot of changes - Made to order - A project is fraught with risk & uncertainty. Categories of Projects: 1. Individual projects 2. Special projects 3. Matrix or aggregate projects 4. Staff projects

Importance Of Project Management: 1. Compression of the Product Life Cycle 2. Knowledge explosion 3. Increased customer focus 4. Global competition 5. Corporate downsizing 6. Small projects represent big problems

Roles & Responsibilities of Project Manager: - coordinating & integrating the activities across multiple functional lines. - Defining & maintaining the integrity of the project. - Development of project execution of plan. - Organizing for the execution plan. - Setting targets & development of systems & procedures for accomplishment of project objectives & targets. -Negotiations for commitments from suppliers, clients & project members. -Direction, co-ordination & control of project activities -Satisfy government, customer, promoters & public. -Managing human inter-relationships in the project organization. - Coping with risk associated with project management - Achievement of cash surplus- project objectives & higher productivity.

The Project Life Cycle

The project life cycle typically passes sequentially through four stages: 1. Defining stage 2. Planning stage 3. Executing stage 4. Delivering stage

PROJECT LIFE CYCLE

Project Management Today- An Integrative Approach :

- Integration in project management directs attention in two key

areas: 1. Integration of Projects with the Strategic Plan 2. Integration within the Process of Managing Actual Projects

INTEGRATED MANAGEMENT OF PROJECTS

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Sociocultural
Leadership Problem solving Teamwork Negotiation Politics Customer expectations

Technical WBS Schedules Resources allocation Baseline budgets Status reports

The Technical & Sociocultural Dimensions of the Project Management Process

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Why Project Manager Need to Understand Strategy 1. They can make appropriate decisions & adjustments. 2. The project managers need to understand their organisations strategy is so that they can be effective project advocates.

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Strategic Management Process: :

Strategic management is the process of assessing what we are & deciding & implementing what we intend to be & how we are going to get there.

The Strategic Management Process

Four activities of the Strategic management Process:

1. Review & define the organizational mission 2. Set long range goals & objectives 3. Analyze & formulate strategies to reach objectives 4. Implement strategies through projects.

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ALIGNING PROJECTS WITH ORGANIZATION STRATEGY

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Align to bring into proper coordination

Mission purpose, basis for decision making

Objective - where firm is headed & when it is going

to get there

Goal aim Strategy what needs to be done to reach objectives , consequently SWOT & target segment Portfolio papers,drawings,photographs etc.. Strategic implementation how strategie`s will be realized given available resources.
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The Need for an Effective Portfolio Management Process : Problem 1 : Implementation Gap

Problem 2: Organization Politics

Problem 3: Resources Conflicts & Multitasking

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08/04/11