Project Management
Project Management
Project Management
MANAGEMENT
(BASICS)
AGENDA
What is a Project ?
What is Project Management ?
Phases of Project Management
Benefits of Project Management
Components of Project Management
Settings of Objectives
WHAT IS A PROJECT ?
A project is a group of tasks and activities followed to support the effort to accomplish a
goal.
A project is a collection of linked activities carried out in an organized manner with a
clearly defined start point and end point to achieve the desired results to satisfy the
current and future needs of an organization.
A project can be any undertaking which is carried out individually or as a group to
achieve the specific aim.
WHAT IS PROJECT MANAGEMENT
Project Management is a dynamic process that utilizes the resources of the organization in
a structured and controlled manner to achieve the defined goals identified by the
organization.
Project Management involves the uses of specific knowledge, skills ,tool, and techniques
to create value to the organization.
The project management team is responsible for getting the project delivered within the
estimated time and allocated budget.
PURPOSE OF PROJECT MANAGEMENT
The primary purpose of project management is to predict , foresee, and eliminate the
dangers and problems that can occur during the project implementation period.
PHASES OF PROJECT MANAGEMENT
Project Initiation
Project Planning
Project Execution
Project Monitoring and controlling
Project Closing
PROJECT INITIATION
The first stage of transforming a meaningful idea into reality.
Defines the project and the idea on a broader level.
Creates a project charter which is a document which consists of the project goals,
constrains, timeline, and budget.
Decides upon the key stakeholders and decision makers in the respective domains within
the project.
PROJECT PLANNING
Lays out the roadmap of the entire project.
Identifies the technical requirements of smooth functioning.
Develops detailed project schedule to adhere to the timeline.
Creates the specific point of contacts for specific concerns.
PROJECT EXECUTION
Project execution phase is the phase where the actual work is getting done.
Establishing the efficient workflows and monitoring the progress of the team.
Maintaining coordination across several departments associated with the project.
PROJECT MONITORING AND CONTROLLING
Ensures that there is no deviation from the initial plan on the execution.
Tracks the progress after each stage in the project.
Ensures that there is no error occurring in the processes which are taking place.
Verifies whether the tasks are carried out meeting the expectation in terms of quality.
PROJECT CLOSING
Indicates the end of the project after the final delivery.
Completes the necessary paper works indicating the closure of the project in the defined
manner.
Conducts a reflection meeting to assess the strength and weakness of the team for the
project for continuous improvement.
Stores the sensitive information regarding the project in a secure space for future
reference.
BENEFITS OF PROJECT MANAGEMENT
Organizes the work to achieve the goal.
Eliminate confusion.
Improve the team effectiveness.
Align communication.
Increases efficiency.
COMPONENTS OF PROJECT MANAGEMENT
Defining the reason why a project is necessary.
Specifying the quality of deliverables.
Capturing project requirements.
Estimating resources and budget allocation.
Securing the Corporate agreement and funding.
Managing risks , issues , and changes on the project.
Monitoring the progress against the plan.
SETTINGS OF OBJECTIVES
Key Objectives :
Performance
Quality
Budget
Time Bound