Professional Documents
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Project Management
Project Management
Project Management
: PROJECT MANAGEMENT
Topics Covered
The
References
1. Nicholas, J.M. Project Management for Business and
Engineering: Principles and Practice. 2nd Ed. Elsevier, 2004
2. Levy, S.M. Project Management in Construction
Mc Graw-Hill, New York, 4th Ed., 2002
3. Project Management Institute. A Guide to the
Project Management Body of Knowledge,
PMI, 2000
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LECTURE 1 :
INTRODUCTION TO PROJECT
MANAGEMENT
Definitions: Project
Project: A temporary endeavor undertaken to create
a unique product or service (PMI,* 2000)
or
Simply anything in which you invest time,
money and resources in hope of a return.
c.f. Operation: A permanent or semi-permanent functional
work to create the same product or service
OVER-AND-OVER again
* Project Management Institute, U.S.A.
Have a defined start & finish date (so has a life cycle)
Defining stage
Planning Stage
Execution Stage
Delivering stage
Pre-Defined Objectives
Importance
Why do we need to think about Project Management
Is it a MUST
Is it a REQUIREMENT
Can we do WITHOUT it
PM is a necessity because
Challenge of PM
Apart from trying to achieve the 3 objectives,
the challenge of Project Management is then:
the optimized utilization, integration &
allocation of the resources (inputs) needed to
meet the pre-defined objectives
The resources are:
Time
Money
People
Materials
Energy
space
Organization
Organization is the creation of a control and
communication system that allows management to
achieve its objectives.
Involves the setting up a structure that defines
hierarchies, roles, authorities, control, interaction &
communications mechanisms.
No universal or standard structure for organization
must suit particular project situation
Though temporary in nature, it must also interact with
permanent external and internal organizations.
Example: organization structure (site-civil project )
PM needs good organization to execute his/her duties
Approaches in Project
Management
A. The Traditional Approach to Project
Management: Five Components
based on the project life cycle
1.
2.
3.
4.
5.
Thank You