PROJECT MANAGEMENT

 

PROJECT MANAGEMENT

DR SHASHI AGGARWAL

ASSTT PROFESSOR

USBS TALWANDI SABO

PROJECT MANAGEMENT

MEANING OF PROJECT

PROJECT IS A SPECIFIC ACTIVITY ON WHICH MONEY IS SPENT IS THE EXPECTATION OF RETURN

SPECIFIC STARTING POINT.A SPECIFIC END POINT AND IT IS INTENDED TO ACHIEVE A SPECIFIC OBJECTIVE

PROJECT HAS A SPECIFIC GEOGRAPHICAL LOCATION AND WOULD SERVE A GROUP OF POPULATION

SPECIFIC AUTHORITY TO IMPLEMENT IT

 

DEFINITION OF PROJECT

THE PROJECT MANAGEMENT INSTITUTE USA :

1.       ONE SHOT

2.       TIME LIMITED,GOAL DIRECTED

3.       MAJOR UNDERTAKING,REQUIRING THE COMMITMENT OF VARIED SKILLS AND RESOURCES

EXAMPLE

TRADITIONALLY WORK IN THE CONSTRUCTION INDUSTRY AND DEFENCE PROCUREMENT WERE SEEEN AS PROJECTS

PROJECTS RANGE IN SIZE,SCOPE ,COST AND TIME FROM MEGA PROJECTS TO SMALL

EXAMPLE

1.       CAREER DEVELOPMENT ( EDUCATION AND TRAINING COURSE)

2.       THE TRANSITION PERIOD DURING WHICH A CHANGE OCCURS

3.       DESIGNING AND CONSTRUCTING A BUILDING,HOUSE AND YACHT

4.       DESIGNING AND TESTING A NEW PROTOTYPE ( CAR/MOBILE)

5.       IMPLEMENTINH A NEW COMPUTER SYSTEM

6.       THE LAUNCH OF NEW PRODUCT

7.       DESIGNING AND IMPLEMENTING A NEW ORGANIZATION STRUCTURE

PROJECT MANAGEMENT

1.       THE APPLICATION OF KNOWLEDGE.SKILLS,TOOLS AND TECHNIQUES TO PROJECT ACTIVITIES IN ORDER TO MEET STAKEHOLDER’S NEEDS AND EXPECTATION FROM THE PROJECT.

2.       THE PROJECT MANAGER MUST DO WHAT EVER IS REQUIRED TO MAKE THE PROJECT HAPPEN

3.       PROJECT MANAGEMENT

4.       THE PURPOSE OF THE PROJECT IS TO MEET THE STAKEHOLDER’S NEEDS AND EXPECTATION

5.       SHOULD BE AWARE WHAT IS THE SCOPE OF THE WORK AND OBJECTIVES

 

DEFINITION

THE APM BOK DEFINES PROJECT MANAGEMENT :

•                THE MOST EFFICIENT WAY OF INTRODUCING CHANGE ACHIEVED BY :

1. DEFINING WHAT HAS TO BE ACCOMPLISHED GENERALLY IN TERMS OF TIME,COST AND VARIOUS TECHNICAL AND QUALITY PERFORMANCE PARAMETERS

2.       DEFINITION

3. DEVELOPING A PLAN TO ACHIEVE THESE AND THEN WORKING THIS PLAN,ENSURING THE PROGRESS IS MAINTAINED IN LINE WITH THESE OBJECTIVES
4. USING APPROPRIATE PROJECT MANAGEMENT  TECHNIQUE AND TOOLS TO PLAN,MONITOR AND MAINTAIN PROGRESS
5. EMPLOYING PERSONS A SKILLED IN PROJECT MANAGEMENT—INCLUDING NORMALLY A PROJECT MANAGER—WHO ARE GIVEN ( SINGLE RESPONSIBILITY FOR INTRODUCING THE CHANGE AND ARE ACCOUNTABLE FOR ITS SUCCESSFUL ACCOMPLISHMENT.

PROJECT MANAGEMENT

PROJECT MANAGEMENT IS CONCERNED WITH :

1. IT MUST GET COMPLETED
2. MUST BE COMPLETED WITH IN BUDGET
3. MUST GET COMPLETED WITH IN ALLOCATED TIME
4. MUST PERFORM TO SATISFACTION

5.     PROJECT MANAGEMENT IS FULLY BOUND BY TIME,COST AND PERFORMANCE TARGET

PROJECT MANAGEMENT

REFERS TO THE MANAGEMENT OF THE PROJECT WHICH ARE TEMPORARY,NON ROUTINE,ONE TIME ENDEAVOR UNDERTAKEN FOR THE PRODUCING A DEFINITE PRODUCT OR OFFERING AN UNIQUE SERVICE

USES A SET OF TOOLS,TECHNIQUES,PRINCIPLES AND METHODS FOR PLANNING AND EXECUTING THE PROJECT WORK EFFECTIVELY WITH THE OBJECTIVE OF COMPLETING THE PROJECT IN TIME,WITH IN THE BUDGET AD ACCORDING TO LAID DOWN SPECIFICATION

 STEPS IN PROJECT MANAGEMENT

 STEPS IN PROJECT MANAGEMENT

STEPS TAKEN BY THE PROJECT MANAGER

PROJECTISE MAINTENANCE WORK AS MUCH AS POSSIBLE

1. CREATE NUMBER OF PROJECTS DAILY,WEEKLY,MONTHLY,QUARTERLY,BIANNUAL
2. SET COST AND TIME TARGETS FOR EACH OF THE PROJECT
3. MATRIX WITH MAINTENANCE DEPARTMENT WHICH WILL NOW PROVIDE CONTAINMENT INCLUDING LABOUR AND SUPERVISION

 

a.     LINE UP VENDORS AND CONTRACTORS THE SUPPLY OF MATERIALS AND ERECTION SKILLS

b.    MATRIX AND COORDINATE WITH OTHER DEPARTMENTS

c.     MONITOR AND CONTROL : SCHEDULES,BUDGETS AND CONTRACTS

BENEFIT

1.     THE PROJECT MANAGER WILL BE WHOLLY CONCERNED WITH COMPLETING THE PROJECTIZED MAINTENANCE WORK WITH IN THE BUDGET AND SCHEDULE

2.     ALL MAINTENANCE WORK WILL BE ACCOMMODATED WITH IN THE LONGEST MAINTENANCE CYCLE KNOWN AS CRITICAL PATH

3.     EACH AGENCY WILL HAVE DEFINITE TIME AND COST TARGETS TO WORK TO

4.     PROJECT MANAGER MANAGES WHAT THE PROJECT IS

5.     DEPENDS ON MAXIMUM LATERAL COORDINATION

TOOLS AND TECHNIQUES FOR PROJECT MANAGEMENT

PROJECT SELECTION TECHNIQUES :

1.       COST BENEFIT ANALYSIS

2.       RISK AND SENSITIVITY ANALYSIS

§  PROJECT EXECUTION PLANNING TECHNIQUE

1. WORK BREAKDOWN STRUCTURE( WBS)

2.       2.         PROJECT EXECUTION PLAN ( PEP)

3. PROJECT RESPONSIBILITY MATRIX
4. PROJECT MANAGEMENT MANUAL

§  PROJECT SCHEDULING AND COORDINATING TECHNIQUES:

1.       BAR CHARTS

2.       LIFE CYCLE CURVES

3.       LINE OF BALANCE

4.       NETWORKING TECHNIQUES ( PERT/CPM)

§  PROJECT MONITORING AND PROGRESSING TECHNIQUES:

1.       PROGRESS MEASUREMENT TECHNIQUE ( PROMPT)

2.       PERFORMANCE MONITORING TECHNIQUES( PMRMIT)

3.       UPDATING,REVIEWING AND REPORTING TECHNIQUES

§  PROJECT COST AND PRODUCTIVITY CONTROL TECHNIQUES:

1.       PRODUCTIVITY BUDGETING TECHNIQUES

2.       VALUE ENGINEERING

3.       COST/WBS

§  PROJECT COMMUNICATION AND CLEAN UP TECHNIQUES

1.       CONTROL ROOM

2.       COMPUTERIZED INFORMATION