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BMT1023 Project Management Unit-I: Dr. I.S.Stephan Thangaiah

This document provides an overview of the BMT1023 Project Management course taught by Dr. I.S.Stephan Thangaiah at VIT Business School. The course covers 8 modules on topics such as project identification, organization, scope, time and cost management, resource management, risk management, quality management, and performance monitoring. It also includes a guest lecture on recent trends in project management. The document defines what a project is, outlines a typical project life cycle of initiation, planning, execution, and closure, and discusses common problems and issues that can arise in project execution.

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100 views16 pages

BMT1023 Project Management Unit-I: Dr. I.S.Stephan Thangaiah

This document provides an overview of the BMT1023 Project Management course taught by Dr. I.S.Stephan Thangaiah at VIT Business School. The course covers 8 modules on topics such as project identification, organization, scope, time and cost management, resource management, risk management, quality management, and performance monitoring. It also includes a guest lecture on recent trends in project management. The document defines what a project is, outlines a typical project life cycle of initiation, planning, execution, and closure, and discusses common problems and issues that can arise in project execution.

Uploaded by

sksk
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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BMT1023

Project Management
Unit-I

Dr. I.S.Stephan Thangaiah


M.E.,MBA.,Ph.D.,BLP-IIMC.,FIE(I)
Professor, VIT Business School
VIT University
Vellore – 632014
Email: [email protected]

Cabin: SJT 611C


BMT1023 Project Management
Module-1 Introduction to Project Management [4]: Concept of
project management, project definition and key features of
projects, project life cycle phases, typical project
management issues, basic project activities.

Module-2: Project Identification and Selection [5]:


Identification and screening (brainstorming, strength and
weakness in the system, environmental opportunities and
threats),Project evaluation methods-Present worth method,
project evaluation under uncertainty.

Module-3: Project Organization [3]: Roles and responsibilities


of a project manager, Project Organization-The project as
Part of the Functional Organization, Pure Project
Organization, The Matrix organization, leadership styles.

Project Management
BMT1023 Project Management

Module-4 Scope, Time and Cost Management [5]: Scope


Management-define the project-SOW,WBS, Time
Management-Network diagram, forward and backward pass,
critical path, PERT and CPM, AOA and AON methods, tools
for project network, Cost management-earned value method.

Module-5 Project Resource management [4]: Scheduling


resources, resource allocation methods, project crashing and
resource leveling,
Organizing systems and procedures - working of systems,
design of systems, project work system design, project
execution plan, project procedure manual project control
system, planning scheduling and monitoring, monitoring
contracts and project diary.

Project Management
BMT1023 Project Management
Module-6 Risk Management [3]: Risk identification, types of
risk, risk checklist, risk management tactics, risk mitigation
and contingency planning, risk register, communication
management.

Module-7 Quality Management [3]: Quality assurance and


quality control, quality audit, methods of enhancing quality.

Module -8 Performance Monitoring [3]: Project monitoring


information system, project status report and other control
issues, project audit and closure, international projects-
environmental factors, cross cultural considerations.

Guest lecture by industry experts on recent trends in project


management.

Project Management
What is a Project?
“Unique process consisting of a set of
coordinated and controlled activities with
start and finish dates, undertaken to
achieve an objective conforming to specific
requirements, including constraints of time,
cost, quality and resources”

 A Project is a planned set of activities


 A Project has a scope
 A Project has time, cost, quality and
resource constraints

Project Management
Project can create…
 A product that can be either a component of
another item, an enhancement of an item, or an end
item in itself;
 A service or a capability to perform a service (e.g.,
a business function that supports production or
distribution);
 An improvement in the existing product or service
lines (e.g., A Six Sigma project undertaken to
reduce defects); or
 A result, such as an outcome or document (e.g., a
research project that develops knowledge that can
be used to determine whether a trend exists or a
new process will benefit society).

Project Management
Examples of Projects
Examples of projects include, but are not limited to:
• Constructing a building, industrial plant, or
infrastructure;
• Developing a new product, service, or result;
• Effecting a change in the structure, processes,
staffing, or style of an organization;
• Developing or acquiring a new or modified information
system (hardware or software);
• Conducting a research effort whose outcome will be
aptly recorded; or
• Implementing, improving, or enhancing existing
business processes and procedures.

Project Management
What is Project Management?
Project management is the art of organising, leading,
reporting and completing a project through people.
 A project is a planned undertaking
 A project manager is a person who causes things to
happen
 Therefore, project management is causing a planned
undertaking to happen.

Project Management
Key features of Projects
Managing a project typically includes, but is not limited to:
 Identifying requirements;
 Addressing the various needs, concerns, and expectations of the
stakeholders in planning and executing the project;
 Setting up, maintaining, and carrying out communications among
stakeholders that are active, effective and collaborative in nature;
 Managing stakeholders towards meeting project requirements and
creating project deliverables;
 Balancing the competing project constraints, which include, but are not
limited to:
 Scope,
 Quality,
 Schedule,
 Budget,
 Resources, and
 Risks.

Project Management
Project Life Cycle
 A project life cycle is the series of phases that a project
passes through from its initiation to its closure.
 The phases are generally sequential, and their names and
numbers are determined by the management and control
needs of the organization or organizations involved in the
project, the nature of the project itself, and its area of
application.
 The phases can be broken down by functional or partial
objectives, intermediate results or deliverables, specific
milestones within the overall scope of work, or financial
availability.
 Phases are generally time bounded, with a start and
ending or control point.

Project Management
Project Management Life Cycle
All projects can be mapped to the following generic
life cycle structure:
1) Project initiation - Starting the project
2) Project planning - Organizing and preparing
3) Project execution - Carrying out the project work
4) Project closure - Closing the project
Note:
 Cost and staffing levels are low at the start, peak as the work
is carried out, and drop rapidly as the project draws to a
close.
 Risk and uncertainty are greatest at the start of the project.
These factors decrease over the life of the project as
decisions are reached and as deliverables are accepted.
 The cost of making changes and correcting errors typically
increases substantially as the project approaches completion.

Project Management
Problems in Project Execution
 Organisational/ Behavioural
 Financial
 Legal
 Engineering
 Construction/ Installation
 Site evacuation/ development
 Labour unrest/ unavailability
 Weather conditions
 Adhoc, on the spot improvisations

Project Management
Human issues in Project Management

Working together in teams


Communication
Conflict management
Leadership and motivation
Organizational structure
Selection of project manager

Project Management
Sources of New Project Ideas

Marketing and sales department

Research and Development

Top management

Production department

Consumers

Project Management
References
1) A Guide to the Project Management Body
of Knowledge: (PMBOK Guide) by Project
Management Institute, 2012.

1) John M. Nicholas and Herman Steyn,


Project Management for Engineering,
Business and Technology, Fourth Edition,
Routledge, Taylor & Francis Group, 2012

1) R. Panneerselvam, (2013), Operations


Research, 2nd edition, PHI, 2015

Service Operations Management


Thank You!
All the Very Best!

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