UPES – The Nation Builders University

Session 1

5th January 2019

Centre for
Continuing Education
UPES – The Nation Builders University

Consider the following activities

• A flyover is constructed in a city
• Metro rail is constructed in New Delhi
• A ship is built for navy
• A new residential building is constructed
Do you see anything common in all these activities?

Now consider some more activities

• A company launches a new product development program
• A manufacturing organization launches a survey for assessing
customer satisfaction with its products
• A manufacturing organization constructs a new warehouse
• A new machine is procured and installed
Do you see anything common in all these activities?
Do you see anything common in first set and second set of
activities?

Centre for
Continuing Education
UPES – The Nation Builders University

INTRODUCTION TO PROJECT MANAGEMENT

Centre for
Continuing Education
UPES – The Nation Builders University

PROJECT

• A project is a set of related tasks that are coordinated to achieve a

specific objective in a given time limit”

• A Guide to the Project Management Body of Knowledge (PMBOK)

defines a project as “a temporary endeavor undertaken to create a
unique product of service

• the project is an economic activity with well-defined objectives and

having a specific beginning and end.

Centre for
Continuing Education
UPES – The Nation Builders University

Objectives of a Project

3 Project Objectives:

• Performance
• Time
• Cost

Centre for
Continuing Education
UPES – The Nation Builders University

3 Project Objectives:

Centre for
Continuing Education
UPES – The Nation Builders University

Characteristics of a Project

• Have a purpose
• Have a life cycle
• Interdependencies
• Uniqueness
• Conflict

Centre for
Continuing Education
UPES – The Nation Builders University
The Project Life Cycle

Stages of a Conventional Project

• Slow beginning
• Buildup
• Peak
• Begin a decline
• Termination

Centre for
Continuing Education
UPES – The Nation Builders University

The Project Life Cycle

Centre for
Continuing Education
UPES – The Nation Builders University

The Project Life Cycle

Centre for
Continuing Education