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Project Managemnet

In: Business and Management

Submitted By sweet1234
Words 1989
Pages 8
PROJECT--- * ACCORDING TO THE PROJECT MGMT. INSTITUTE USA A PROJECT IS AN ENDEAVOR TO ACOMPLISH A SPECIFIC OBJECTIVE THROUGH A UNIQUE SET OF INTERRELATED TASKS AND THE EFFECTIVE UTILISATION OF RESOURCES. * THE WORLD BANK HAS DEFINED PROJECT AS AN APPROVAL FOR A CAPITAL INVESTMENT TO DEVELOP FACILITIES TO PROVIDE GOODS AND SERVICES.

* IT HAS A WELL DEFINED OBJECTIVE STATED IN TERMS OF SCOPE ,SCHEDULE, AND COSTS. * PROJECTS ARE “BORN”WHEN NEED IS IDENTIFIED BY THE CUSTOMER -- THE PEOPLE OR ORGANISATION WILLING TO PROVIDE FUNDS TO HAVE THE NEED SATISFIED. * IT IS THE PEOPLE (PROJECT MANAGER AND PROJECT TEAM) NOT THE PROCEDURES AND TECHNIQUES THAT ARE CRITICAL TO ACCOMPLISH THE PROJECT OBJECTIVE * PROCEDURES AND TECHNIQUES ARE MERELY TOOLS TO HELP THE PEOPLE DO THEIR JOBS.
BASIC COMPONENTS OF A PROJECT
A PROJECT IS A PRODUCTIVE ACTIVITY WHICH CAN BE ANALYZED,APPRAISED AND MONITORED INDEPENDENTLY. A MULTIPURPOSE RIVER VALLEY PROJECT IS A GIGANTIC PROJECT
A PROJECT HAS SPECIFIC OBJECTIVES IN TERMS OF GEOGRAPHICAL LOCATION ,SPECIFIC STARTING AND END POINT, AND MOST IMPORTANT ---TO SERVE A TARGET POPULATION BY ACHIEVING GOOD INVESTMENT RETURNS.
CHARACTERISTICS OF A PROJECT
THERE ARE FOUR BASIC CHARACTERISTICS
A)INVESTMENT PATTERN (VALUE)
B) BENEFITS AND GAINS
C)TIME LIMIT (MAJOR FACTOR FOR COST OVERRUNS)
D) LOCATION (AVAILABILITY OF RAW MATERIALS, MANPOWER ETC.)

PROJECT CLASSIFICATION
PROJECT CLASSIFICATION HELPS IN GRAPHICALLY EXPRESSING AND HIGHLIGHTING THE ESSENTIAL FEATURES OF THE PROJECT BE IT QUANTIFIABLE OR NON-QUANTIFIABLE,BE IT ANY POTENTIAL SECTOR, BE IT CAPITAL INTENSIVE, OR LABOUR INTENSIVE--. WHICH WILL EFFECT THE POJECTS FEASIBILITY.
PROJECTS HAVE BEEN CLASSIFIED IN VARIOUS WAYS BY DIFFERENT AUTHORITIES------
1.QUANTIFIABLE AND N0N- QUANTIFIABLE PROJECTS—
QUANTIFIABLE PROJECTS ARE THOSE IN WHICH A PLAUSIBLE...

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