The document discusses the definition and key characteristics of a project according to the Project Management Institute. It states that a project is a temporary endeavor with a defined beginning and end, undertaken to create a unique product, service or result. A project consists of a set of interrelated tasks performed within a specific time period to achieve defined objectives. It is non-routine, non-repetitive work that has discrete time, technical and financial goals.
The document discusses the definition and key characteristics of a project according to the Project Management Institute. It states that a project is a temporary endeavor with a defined beginning and end, undertaken to create a unique product, service or result. A project consists of a set of interrelated tasks performed within a specific time period to achieve defined objectives. It is non-routine, non-repetitive work that has discrete time, technical and financial goals.
The document discusses the definition and key characteristics of a project according to the Project Management Institute. It states that a project is a temporary endeavor with a defined beginning and end, undertaken to create a unique product, service or result. A project consists of a set of interrelated tasks performed within a specific time period to achieve defined objectives. It is non-routine, non-repetitive work that has discrete time, technical and financial goals.
Saiful Majid Professor & Former Director Institute of Business Administration University of Dhaka
Dhaka, March 2019
The PMBOK has defined a project as “A temporary endeavor undertaken to create a unique product, service or result” (Project Management Institute, 2008, p. 442). A project is a unique venture with a well-defined beginning and end. It consists of a set of tasks that are performed in a definable time period to achieve a specific set of objectives. A project is a non-routine, non-repetitive, one- off undertaking, normally with discrete time, technical and financial performance goals. A project is goal oriented. It is temporary in nature. It consists of a set of interrelated tasks or activities. A project has a well-defined life-cycle, that is, it has a wall-defined beginning and end. Each project is to a certain degree unique in nature. It consists of non-routinized, non—repetitive and one off activities. It involves the use of multiple resources. It has a budget. A project may require a special management set-up. Goal oriented To provide rural communities with improved access to social services Set of interrelated tasks or activities Union road improvement, construction of culvert, bridges, rural markets, river jetties etc. Well-defined life cycle June 2003-June 2009 Unique in nature Provides an unique facility Non-routinized & non-repetitive One-off activity Use of multiple resources Technology, labor, cement, bricks, other construction materials, human, financial resources, etc Has a budget Tk. 255 Million Special management set-up LGED PROJECT Project Management involves application of knowledge, skills, tools and techniques to the project activities with the objective of meeting or exceeding the stakeholder expectations.
Project management requires ability to administer a
project by balancing the team and technology. Project Management Institute (PMI) has identified nine project management function. The list of functions were created to, Set boundaries of project management professions. Identify the responsibilities of project managers. Define the skills required by the project manager. I. Project integration management II. Scope management III. Quality management IV. Time management I. Cost management II. Risk management III. Human resource management IV. Contract/Procurement management V. Communication management Projects without clear goals cannot succeed: Critical project attributes are those which, if not achieved, will cause the project to fail;
Ever increasing complexities and is to direct
the project to achieve these three goals, i.e. within budget, on time, required functionality 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.
Phases are generally time bounded with a
start and ending or control point. Projects vary in size and complexity. All projects can be mapped to the following generic life cycle structure • Starting the project, • Organizing and preparing • Carrying out the project work, and • Closing the project Q&A Thank You
Standard 2.1: The Governing Body Leads The Organisation in Its Commitment To Improving Performance and Ensures The Effective Management of Corporate and Clinical Risks