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Overview of Project Management

Project management is the process of organizing, planning, and executing projects efficiently and successfully. It involves techniques like defining the project scope, developing a plan with tasks and timelines, and monitoring progress to meet goals. Effective project management develops skills, enhances teamwork, supports decision making, and boosts employability through the structured application of its concepts and methodologies from project initiation through closure.

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36 views18 pages

Overview of Project Management

Project management is the process of organizing, planning, and executing projects efficiently and successfully. It involves techniques like defining the project scope, developing a plan with tasks and timelines, and monitoring progress to meet goals. Effective project management develops skills, enhances teamwork, supports decision making, and boosts employability through the structured application of its concepts and methodologies from project initiation through closure.

Uploaded by

ajinkyapol
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 PPTX, PDF, TXT or read online on Scribd
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Overview of Project

Management
Welcome to the comprehensive guide on Project Management. This presentation is
crafted to inform and instruct individuals in the art and science of organizing,
planning, and executing projects with efficiency and success.

Project Management encapsulates a myriad of techniques and skills that are essential
for transforming complex ideas into reality. Through this journey, you will uncover
the facets of effective project management, understand its significance, and delve into
the methodologies that lead to triumphant project completion.

by Ajinkya Pol
1.0 Objectives

1 Identify Concepts 2 Understand Project 3 WBS and Planning


Lifecycle
Grasp the foundational Explore the Work
concepts and attributes that Learn the stages through Breakdown Structure
define a project and its which a project evolves (WBS) and its significance
structure. from inception to in orchestrating project
conclusion. tasks.

4 Evaluate Proposals 5 Government and Law

Master techniques to critically assess project Identify the roles of government policies and
proposals using various analytical tools. legal considerations in shaping project
management practices.
1.1 Introduction to Project Management

1 Defining the Project

Setting a clear aim such as organizing a celebratory event.

2 Developing a Plan

Creating a roadmap with tasks like venue selection and guest listing.

3 Monitoring Progress

Regulating actions and making necessary adjustments like securing a new venue on time.
1.2 Importance of Project Management
Develops Skills Enhances Teamwork

Project management aids in nurturing essential It encourages collaboration and teamwork, leading
planning and organizational capabilities. to successful project outcomes.

Effective Decision-Making Boosts Employability

Structured decision-making in project management The ability to manage projects effectively is a


leads to informed and strategic outcomes. valuable skill in today's job market.
1.3 Concepts and Attributes of a Project
A project is a temporary and unique endeavor aimed at
achieving specific results. The concepts and attributes of
a project paint a picture of its goals, scope, timeline,
budget, risk, and quality requirements. Each component
plays a pivotal role in guiding project members and is
crucial for the project's success.
1.4 Project Lifecycle

Initiation Planning Execution

Establishing the purpose and Detailing the project plan with Carrying out the plan and
feasibility of the project. tasks, resources, and potential coordinating the project
risks. activities.

Monitoring & Control Closure

Assessing project progress and Finalizing all activities and


making required adjustments. formally closing the project.
1.5 Stakeholders

1 Project Sponsor 2 Project Manager

The ultimate initiator, providing resources and The orchestrator of the project, ensuring goals are
support for project success. met efficiently.

3 Project Team 4 Customers

The dynamic force executing the project activities The recipients of the project's output whose needs
and driving the project forward. are at the heart of the project.
1.6 Stakeholder Management

Identify and Prioritize Stakeholders

Effective Communication

Conflict Resolution
1.7 Project Organization
Project Sponsor Senior executive enabling the project

Project Manager Primary leader and coordinator

Project Team Specialists realizing the project goals

Steering Committee Advisory body for strategic guidance

Stakeholders Individuals or groups with a vested interest


1.8 WBS
Improved Project Planning

Enhanced Project Communication

Effective Project Monitoring


1.9 Scope and Priorities
1 Defining the Scope

Articulating what deliverables and objectives will be covered under the project's
umbrella.

2 Aligning Priorities

Establishing a clear order of tasks and objectives based on importance and project
strategy.

3 Scope Management

Maintaining the scope integrity and preventing unnecessary scope alterations or creep.
1.10 Project Identification

Screening Feasibility Selection

Evaluating the generated ideas to Assessing the chosen ideas for Determining the most promising
select those aligned with technical, financial, and operational projects to develop further and
organization goals. viability. invest in.
1.11 Market Feasibility with Moving Average
and Exponential Smoothing Methods

The Moving Average method helps determine market Exponential Smoothing, a weighted approach favoring
stability and trend recognition through statistical recent data, enables nuanced forecasting of future
averaging of data points over defined periods. It aids market conditions. It's instrumental in adapting to
project managers in discerning the trajectory of demand market shifts and anticipating forthcoming sales
and supply. patterns.
1.12 Techno-Economic Feasibility
Technical Analysis

Economic Assessment

Competitive Landscape
1.13 Government Policy to Location
Industrial Location Policy

Aiming for equitable regional development through incentivizing industrial locations in


less developed regions.

SEZs & NICDP

Special Economic Zones and National Industrial Corridor Development Programme


advocating industrial growth through infrastructure and incentives.

Environmental Regulations

Ensuring sustainable development through strict environmental safeguards and


compliance.
1.14 Legal Aspects in Project
Management
1.15 Preparation of DPR
Introduction Market Analysis

Outlining the project overview, background, and Delving into detailed market conditions, potential,
purpose. and target audience.

Financial and Risk Implementation Plan

Assessing the financial landscape and identifying the Establishing a robust strategy for project delivery
inherent risks and mitigation strategies. and success parameters.
1.16 Summary
This section encapsulates the essence of project management, underscoring the significance of a structured approach for
ensuring project accomplishments. It reaffirms the criticality of managing stakeholder expectations, defining concise
project objectives, and robust planning. The focus remains firmly on the imperative of adhering to legal stipulations and
demonstrating agility throughout the project lifecycle from identification to execution and closure.

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