Premium Essay

Project Management

In: Business and Management

Submitted By Nileena
Words 15109
Pages 61
PROJECT PLANNING AND MANAGEMENT
(Project Planning / Project Formulation / Project Implementation / Preparation of Project Proposal)
Compiled by

S.Rengasamy, Madurai Institute of Social Sciences One Of the most important administrative developments in the developed as well as in developing countries has been the initiation and growth of a large number of new programs projects in every field like Since the 1950s the development agenda has been agriculture, irrigation, industry, community characterized by projects and programs aimed at improving the quality of life of beneficiary communities, development and social welfare etc.. The principle be it in physical or qualitative terms. Despite significant aims and objectives of all these programs have been inputs of human and financial resources, many fell short to bring about overall changes in the existing socio- of expectations. Projects failed to meet the priority economic structure in the country providing thereby needs of communities; stated outputs were not achieved dignified way of life to a citizen as a unit and socio- or, if achieved, not sustained; target groups did not benefit in the manner intended; project costs escalated economic up liftment of the society. So most of the administrators are directly concerned with the program / project administration than other activities. The capability of administrative system to formulate and implement, relevant and in able programs effectively constitutes a crucial element in the process of development. Development requires planning and planning includes a lot of programs / projects. Plan requires projects and projects require a lot of planning. and implementation dates slipped; and adverse outcomes were not anticipated. These failures were attributed in part to poor project management, such as inadequate opportunities for potential beneficiaries to participate in...

Similar Documents

Premium Essay

Project Management

...MAN620/ADM720 Project Management Lecture Session 1 : 26th January 2010       An introduction into project management with some history of project management and some contextual information. How project management has permeated almost all aspects of working life. The evolution of the project management context. Why and under what circumstances project management is used. What characterizes projects and differentiates them from other forms of management. Examples of projects – large medium and small. Chapter 1 - An Introduction to Project Management The Project Management Book of Knowledge (PMBoK) defines Projecy Management as “the application of knowledge, skills, tools and techniques to project activities to meet project requirements”. In the course outline we make the following statements with regard to what this course promises you engineering students. In the engineering environment, Project Management can be practiced either a stand-alone professional discipline or as an integral part of the delivery mechanism for engineering services. Either way, all engineers need a thorough understanding of Project Management theory, principles, practices, tools and techniques. This course has been structured to stimulate the interest of student engineers in the discipline of Project Management and to equip them with sufficient knowledge of the discipline to meaningfully participate in project work at an early stage. Many organisations do not employ full time Project Managers......

Words: 5880 - Pages: 24

Premium Essay

Project Management

...Project Management 1. Introduction As a discipline and professional subject, project management has gained unprecedented prevalence throughout the world as a consequence of its role in assisting the organization to efficiently utilize limited resources, resolving sophisticated technology and enhancing its survive in the increasingly competitive market. Specifically, implementing project management techniques assists the organization in curtailing the overheads costs, satisfying project deadlines and customizing the project workplace and so forth. Some 4500 years ago, projects had been undertaken with the pyramids construction by the ancient Egyptians, but it is universally accepted that the period of 1950s is an indication of the arrival of modern management era and the commencement of utilizing formal project management tools and techniques (Awan, 2010). Economic pressures of the industrialized world, competition between rival companies and greater regard for the value, well-being and hence the employment costs of working people have all contributed to the development of new project management ideas and techniques. The purpose of this essay is to identify the major developments in the domain of project management over the past five decades and to explain how these historical developments influence the understanding of modern project management. 2. Crucial Developments in the Field of PM and Repercussions on Understanding Modern Project Management Prior to......

Words: 2234 - Pages: 9

Premium Essay

Project Management

...MBP1133 | Project Management Framework Prepared by Dr Khairul Anuar L1 – The Project Environment www.notes638.wordpress.com 1 Lecture Topics 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. Introduction Understanding Project Management Overview of Project Management Project Management according to PMBOK® Guide What is a Successful Project Management Benefits of Project Management Obstacles in Project Management Project Deliverables Project Stakeholders Defining Project Success Defining the Project Manager’s Role Project Scope and Product Scope Project Management Success Factors Project Management Failure Project Life Cycle Integrated Processes of Project Management Integrated Processes of Project Management 2 1. Introduction • PM started about 40 years ago in the US in the Department of Defense contractors and construction companies. • Today, the concept behind project management is being applied in such diverse industries and organizations as  defense, construction, pharmaceuticals, chemicals, banking, hospitals, accounting, advertising, law, state and local governments, and the United Nations and  even transitional planning for a new US president (Romney Readiness Project, in 2012), and  NGOs/disaster relief organisation 3 4 2. Understanding Project Management • A project can be considered to be any series of activities and tasks that:  Have a specific objective to be completed within certain specifications  Have defined start and end dates  Have......

Words: 1391 - Pages: 6

Premium Essay

Project Management

...2 3.0 PROJECT MANAGEMENT 2 4.0 PROJECT MANAGEMENT PROCESS 3 5.0 PROJECT LIFE CYCLE 3 6.0 FIRST PROJECT MANAGEMENT PROCESS- PROJECT INITIATION 5 6.1 BENEFIT AND LIMITATION IN PROJECT INITIATION PROCESS 7 7.0 SECOND PROJECT MANAGEMENT PROCESS- PROJECT PLANNING 11 7.1 BENEFIT AND LIMITATION IN PROJECT PLANNING PROCESS 13 8.0 THIRD PROJECT MANAGEMENT PROCESS- PROJECT EXECUTION 14 8.1 BENEFIT AND LIMITATION IN PROJECT EXECUTION PROCESS 16 9.0 FOURTH PROJECT MANAGEMENT PROCESS- CONTROLLING/MONITORING 18 9.1 BENEFIT AND LIMITATION IN PROJECT CONTROLLING/ 20 10.0 FINAL PROJECT MANAGEMENT PROCESS – CLOSING PROCESS 22 10.1 BENEFIT AND LIMITATION IN PROJECT CLOSING PROCESS 23 11.0 BIBLIOGRAPHY 25 12.0 APPENDICES 27 1.0 INTRODUCTION To know the benefit and limitation of using single process for managing projects, firstly we need to know what is project, project management and what is the process to manage projects. 2.0 PROJECT Project is viewed as a conversion or transformation of some form of input into an output. The inputs are some form of want or need which is satisfied through the process. (Harvey Maylor, 1996) 3.0 PROJECT MANAGEMENT According to Project Management Methodology guidebook, project Management is the process of achieving project objectives (schedule, budget and performance) through a set of activities that start and end at certain points in time and produce quantifiable and qualifiable deliverables. Project......

Words: 6687 - Pages: 27

Premium Essay

Project Management

...11/17/07 The Project Management Life Cycle By Jason Westland (A book review by R. Max Wideman) Introduction Editor's Note: We liked so much of this book that we asked for the author's permission to quote extensively from the whole of Jason Westland's Chapter 1. This is because it succinctly describes what follows in detail in the remainder of the book. However, in pursuing our regular book review structure, we placed his text under corresponding headings. Since the quotations are so extensive, we have not followed our normal practice of indenting quoted paragraphs. However, the references are identified in the footnotes. As Jason says: "Welcome to The Project Management Life Cycle. This book describes the Methodl23® Project Management Methodology (MPMM)1 and provides a practical approach to managing projects. Every phase, activity and task in the project life cycle is described here in detail to help you manage staff, customers and suppliers efficiently. By reading this book, you will gain the knowledge and confidence required to properly initiate a project, create detailed project plans, build high quality deliverables, monitor and control delivery and close projects effectively. "Not only will you learn how to successfully complete projects from end to end, but you will also be armed with a suite of tools and templates to allow you to create project deliverables quickly and easily. More than 150 charts, tables and diagrams are included in this book to help explain the......

Words: 4494 - Pages: 18

Premium Essay

Project Management

...Project Management Jo Anne Bishop Ashford University Project Planning and Management BUS611 Dr. Caroline Howard October 14, 2012 Project Management Effective project management is crucial to the success of any project regardless of the size or complexity. Project management experts Karen Tate and Paula Martin said, “Trying to manage a project without project management is like trying to play football without a game plan” (Martin & Tate, 2001, pg 9). Project managers have a difficult job. Their jobs are often times made more difficult by the dynamic environment in which they must work. Project managers must take a project through the entire project management life-cycle, from an idea to a fully developed deliverable. While the job is difficult, there are many tools and processes that have been developed to assist in project management. While they are responsible for the leadership of the project, they have many, such as the project sponsor and project team members, who are there to assist them in ensuring the job gets done. In addition to the personnel who will help him, there are many different project management tools as well. Project scope, work breakdown structures, contingency plans and project management software are all tools that, if used properly, can ensure that a project can be completed within time and budget. Project management is not an easy job but if a project manager understands his project and his roles and responsibilities along with......

Words: 3003 - Pages: 13

Premium Essay

Project Management

...related to project management? The video illustrate the introduction of the project management institute. The video shows the project management training programs from registered education provider. In the video, it provided basic information of project management standards. The website source shows the project management maintaining connections with the business world, successful project management programs are learning to adapt to address the changing needs of business. However, the video shows several main points of project management training. Frist one, project management education is growing globally. Second, organizations want project managers with the right skills. 2) How is this specifically related to the textbook information? (Be specific!) The video mentions the important reason why choose from the project management institute and how the project management training development. Project management provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives. Exciting opportunities await people skilled in project management. (Larson and Gray 2-3). The YouTube video does relate to the textbook information.   Because this video is a good commercial introduction to the Project Management Institute. In the textbook, chapter one is all about the modern project management, the importance of project management, and an integrative approach of today’s project......

Words: 277 - Pages: 2

Premium Essay

Project Management

...Managing Projects Table of Contents Task 1 3 1.1. Network diagram 3 1.2. Total float 3 1.3. Critical path. 4 1.4 Timetable 4 1.5. Adjusted timetable 5 1.6. Limitations of the network diagrams 6 i. Time 6 ii. Costs 6 iii. Ambiguity 7 iv. Complexity 7 v. Reliability 7 vi. External factors 7 Task 2 7 2.0. Executive summary 7 2.1. Introduction 8 2.1.1. Project management 8 2.1.2. The roles and the scope of the project manager in a company 9 2.2. Project management techniques 10 2.3. Methodology 10 2.4. Project development stages and process 11 Initiation stage 12 Planning and designing stage 13 Execution of the project 13 Monitoring and controlling stage 14 Closing stage 14 2.5. Risks and control problems 14 2.6. Recommendations 16 2.7. Conclusion 16 Reference lists 18 Task 1 1. Network diagram [pic] 2. From the below snapshot derived from a programming software, the total float days is equal to 76 days [pic] 3. From the below diagram, the critical path is determined by the longest duration between the tasks that the project may take to complete. The red arrows denote the path. This time does not include the floats between the tasks but instead the period between the parallel tasks (Nigel 1995). [pic] 4. |ID |Task Name |Duration (Days) |Start ...

Words: 3680 - Pages: 15

Premium Essay

Project Management

...Project Management-C101 Section A Part One: 1. C) Project 2. C) Lower cost of capital 3. D) Projects involve little uncertainty 4. C) Meeting communications goals 5. A) Proposal 6. A) Project Management 7. A) Strategic, tactical 8. B) Program 9. D) Technical skills 10. B) Process Part Two: Q1. Project management is a one-time carefully planned and organized effort to achieve a specific goal. Project management includes: Developing a project plan, which includes defining project goals and objectives, specifying tasks or how goals will be achieved, what resources are need, and associating budgets and timelines for completion Implementing the project plan, carefully to make sure the plan is being managed according to plan. The different phases of a project lifecycle are as below: Project Lifecycle 1. Project Initiation Project Initiation in simple terms is: starting up the project. We initiate a project by defining its reason, business goals, and scope. The reason for initiating it, and the propose solution to be implemented. We will also put together a project team, define early milestones, and early budget proposal. With the above information we can move on and perform an end of Phase study in order to get a GO No GO decision. 2. Project Planning Once we define the project and assemble the project team, we are ready to enter the in depth Project Planning phase. This involves creating the "PMP", Project Management Plan,......

Words: 5015 - Pages: 21

Premium Essay

Project Management

...letters.” Chapter 1 1) The association designed to bring together project management professionals and systematically capture project management knowledge is called: 1) _______ A) Project Management Institute. B) Project Management Professionals Association. C) PM Knowledge Organization. D) The Knowledge Association. 2) A planned undertaking of related activities to reach an objective that has a beginning and an end is called: 2) _______ A) a system. B) a campaign. C) a project. D) an undertaking. 3) Projects are: 3) _______ A) to be avoided. B) indefinite. C) temporary. D) never successful. 4) A ________ is a person who has an interest in a new or existing project. 4) _______ A) professional B) projector C) stakeholder D) federal investigator 5) A ________ provides high level support for a project. 5) _______ A) stakeholder B) project manager C) project sponsor D) projector 6) A project failure can be: 6) _______ A) a project that finishes but exceeds it budget. B) a project that does not finish on time. C) a project that finishes on time and budget but does not deliver a system that meets expectations. D) all of the above. 7) Which factor is among the primary reasons for project failure? 7) _______ A) Failed communication among parties B) Poor quality control C) Lack of planning D) All of the above 8) Failure can take place ________ of a project. 8) _______ A) during the initiation process B) during any process C)......

Words: 4357 - Pages: 18

Premium Essay

Project Management

............................................................................. 4 Main Body .............................................................................................................................................. 5 1.0 Project Charter ......................................................................................................................... 5 Project Vision .................................................................................................................................. 6 Project Objectives/Deliverables ....................................................................................................... 6 Assumptions .................................................................................................................................... 7 Risks and Dependencies................................................................................................................... 7 Actor Catalog .................................................................................................................................. 9 Business Process Flow ................................................................................................................... 10 Project Organization Chart ............................................................................................................. 11 Roles and Responsibility ......................................................................................

Words: 8273 - Pages: 34

Premium Essay

It Project Management

...Bronson Prof. Brian Kraus Project Management – CIS 517 July 14, 2013 In the Denver suburb of approximately 309,000, Aurora faced a severe drought that lasted for several years. By 2003 the water supply in the city was at an all-time low. The decline in the water supply and a constant drought forced the water authority to enforce water restrictions and other incentives to encourage residence to conserve water. There was only enough water for the community for 9 months when there was a need for a 3 - 5 year supply. The Aurora city government and the Aurora water authority desperately needed a solution to the issue of dwindling water supply, after analyzing several possible resolutions to the problem; the Aurora city council approved the Prairie Water Project in 2010. The city sought a project to increase the city’s water supply by adding 10,000 acres of renewable water within a 5 year timeframe with a budget of $854 million. The Meridian Colorado project management team of CH2MHill was chosen to complete the plan. CH2MHill is a worldwide organization that is a leader in providing their clients who needed engineering or consulting resolutions. They also provided their clients with solutions by being technologically sound, creative, and inventiveness. They are known for delivering a quality product and sharing the benefits. The Prairie Water Project was a plan to provide the Aurora, Colorado community with a sustainable water source. The project would draw......

Words: 1232 - Pages: 5

Premium Essay

Project Management

...Fundamentals of Project Management Third Edition This page intentionally left blank Fundamentals of Project Management Third Edition JAMES P. LEWIS American Management Association New York • Atlanta • Brussels • Chicago • Mexico City • San Francisco Shanghai • Tokyo • Toronto • Washington, D.C. Special discounts on bulk quantities of AMACOM books are available to corporations, professional associations, and other organizations. For details, contact Special Sales Department, AMACOM, a division of American Management Association, 1601 Broadway, New York, NY 10019. Tel.: 212-903-8316. Fax: 212-903-8083. Web site: www.amacombooks.org This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. Lewis, James P., 1941– Fundamentals of project management / James P. Lewis.—3rd ed. p. cm. Includes bibliographical references and index. ISBN-10: 0-8144-0879-6 ISBN-13: 978-0-8144-0879-7 1. Project management. I. Title. HD69.P75L488 2007 658.4'04—dc22 2006019308 “PMI” and the PMI logo are service and trademarks of the Project Management Institute, Inc. which are registered in the United States of America and other nations; “PMP” and the PMP logo are......

Words: 45558 - Pages: 183

Premium Essay

Project Management

...01 1.1 Introduction of Project Management Although project management history starts further back in latter 19th century modern project management began in the early 1960s. The need of the project management increased with the development of business around projects and to communicate and co-ordinate work across departments and people. According to the PMBOK (2008) project defines as "temporary endeavour undertaken to create a unique product or service.Temparary means that every project has a definite end. Unique means that the product or service is different in some distinguishing way from all similar product or service." PMBOK (2004) analyse project management as “the application of knowledge, skills, tools and techniques to project activities in order to meet stakeholder’s needs and expectations from a project." Where, Grham (1985) identified project management as "a set of people and other resources temporarily assembled to reach a specified objective, normally with a fixed budget and with a fixed time period. Projects are generally associated with products or procedures that are being done for the time or with known procedures that are being altered." These two definitions clearly show the difference of identifying the project management in time to time. Success or failure of the project can influence by project manager. He integrates and co-ordinates and guides them to successfully complete the project. Below are some desirable project manager attributes......

Words: 1834 - Pages: 8

Premium Essay

Project Management

...PROJECT MANAGEMENT INTRODUCTION Project Management is the leading a project team and ensuring that a project is completed on schedule, within budget, and meets its goals. (Bagranoff et al.2002). Trevor L. Young (1999), Defines project managements as the dynamic process utilizing the appropriate resources of the organization in a controlled and structured manner, employed to achieve a change clearly defined with specific objectives identified as strategic needs. The process is always associated with some specific characteristics: 1. Objective oriented - Without these you have no outcomes 2. Change oriented – Creating something you need but do not have 3. Multi-disciplined – Needs a wide range of skills to achieve success 4. Opportunistic – You must seek to take shortcuts and bypass old norms 5. Performance oriented – Setting appropriate standards and quality of outputs 6. Control oriented – Carefully designed controls to maintain the schedule 7. Questions tradition – Avoid getting trapped by the old ways of doing things On the surface, it seems a waste of time to teach accountants the essentials of project management. Could it be that project management is an essential skill set to contemporary accountant? Is it possible that accountants who acquire such knowledge are increasing the value of their intellectual capital? The answer to these questions is definite yes. The very nature of work in accounting is project-centric and accountants......

Words: 1830 - Pages: 8