Paper Project Management
Paper Project Management
Metro Project: -
To implement the Delhi Metro project, GOI and GNCTD set up a 50:50 joint
venture company called the Delhi Metro Rail Corporation Ltd. (DMRC). The
company was incorporated under the Companies Act in May 1995. The DMRC
was to complete Phase I of the project within 10 years, i.e., by the end of
2005.
Globally, most urban MRTS projects were financially unviable because the
fares could not be fixed solely on a commercial basis. If the fares were fixed
too high, the passenger numbers would remain low, thereby defeating the
very purpose of setting up the system. Therefore, the concerned
governments generally bore the capital costs of an MRTS system. In the case
of the Delhi Metro project too, the GOI and the GNCTD bore the capital costs.
The total cost of the first phase of the project was initially estimated at Rs.
60 billion, at April 1996 prices. Later in 2002, with the cost of the project
rising by approximately 10% per year, the estimate was revised to Rs. 89.27
billion...
Project Team: -
With the funding for the project being finalized, the next step was to
constitute a project team. Sreedharan was appointed as project manager and
managing director of the DMRC in November 1997. A technocrat, he had had
a long stint in the Indian Railways (IR) and had retired in 1990. During his
service with IR, he had earned a reputation for completing major projects on
time and within the budget.
Project Evaluation: -
The successful completion of the project effectively silenced the critics who
had been skeptical about the ability of an Indian public sector organization to
complete any project, let alone one as complex and costly as the Delhi
Metro, on time and within the budget...
Project Implementation: -
Conclusion: -
The recent past has marked the beginning of the modern project
management era. Today, all organizations, large or small, are involved in
implementing undertakings as diverse as the development of a new product,
service, or a public relations campaign. To make organization even more
innovative and successful and to keep ahead of their competitors, every
organization is faced with development of complex services and processes.
These need cross-functional expertise in each organization. Hence, good
project management is needed, which is a process of continuous
improvement. It is a process of making mistakes and learning from these
mistakes. Of course, there are many things that lead to project success and
many that lead to failure. In addition to two important factors in successful
project management being strategic definition of the project’s scope and
time schedule, surely and certainly Jiang’s 13 success factors are also a good
panacea to use as a starting point for our projects. Project management is a
process of continuous study and learning. A well-trained and capable project
manager, whose role cannot be underestimated, must understand that there
will be few successes if he does not devote himself to this never-ending
process.
Q. A. Explain the Delhi Metro PLC phase by reading this case study?
successful?
b. What was the probability of risk in Mission Mars and how that risk was
managed and
minimized?
c. Why the Government cut the budget and how the team has managed
everything in that
budget.
Q:3 Define each type of Project with Example and Write the difference
between any two?
Q:4 What are the 5 factors for choosing the right type of Project
Management? Explain it with
diagram.
Q:5 What is Project Feasibility Study and Define its types with example?
Q:15 Write short notes on the tools which are used in project planning?
Q:18 What are PERT and CPM? Write the difference between them?