310-PROJECT MANAGEMENT

FACULTY: Dr. CH. VENKATAIAH

B.Tech, MBA, PhD
Associate Professor (Operations, Quality & Project Management)

Sessions

Topics to be discussed

3 hrs

UNIT-I: INTRODUCTION TO COURSE AND PROJECT MANAGEMENT CONTEXT Concept of Project and Project Management, Why Project Management? Project Management- Project Management Body of Knowledge (PMBOK), Application area Knowledge, standards and Regulations, Understanding the Project Environment. Projects Vs. Operations, Project Life Cycle. Case Study -I: A Day in the Life Case Study-II: Unique identity for All Aadhaar Project UNIT-II:PROJECT PLANNING Project Scope Management - Work Breakdown Structure (WBS)-Development of WBS, Organizational Breakdown Structure (OBS). Project Scheduling Network Analysis-PERT/CPM and Project Time Cost Trade off. Case Study-III: Delhi Metro Rail Corporation-Effective Project Management in the Indian Public Sector Case Study-IV: Simhadri Thermal Power project- A Success Story Case Study-V: Transmission Line (C): The Project Planning Steps UNIT-III:PROJECT IMPLEMENTATION AND CONTROL Project Risk Management- Risk Management: A Four Stage Process, An integrated Approach. Project Evaluation and Control-Monitoring Project Performance, Earned Value management. Case Study-VI: GMR Airport Business: Facing Challenging Times Case Study VII: Bamboo House India: Effective Project Management? UNIT-IV:PROJECT ORGANIZATION AND LEADERSHIP Projects and Organizational Strategy, Stakeholder Management, Organizational Structure and forms of organizational structure. Leaders Vs. Managers, Traits of Effective Project leaders, Project Champions and the New Project Leadership. Case Study-VIII: Diary of an It Project Leader: A Case Study on Project Management Leadership. Case Study-IX: Convocation at the National Institute of Management's Central India Campus (A). UNIT-V:PROJECT CLOSEOUT Types of Project Termination, Natural Termination The Close out Process, Early Termination for Projects. Preparing the final Project Report. Case Study-X: ISRO: Managing Programs and Projects.

6 hrs

4 hrs

4hrs

3hrs

SCHEME OF EVALUATION
S.No PARAMETER MARKS TOTAL MARKS

1
2 3

Case Analysis Report Presentation (Group)

Project Quiz Tests Class Participation

&

10
10 05 100

4
5

Midterm Exam
End Term Exam

25
50

Prescribed Text Book: Pinto Jeffrey K, Project Management-Achieving Competitive Advantage, Indian edition, Pearson.

PROJECT MANAGEMENT AN INTRODUCTION

UNIT

INTRODUCTION
A Structured approach to managing projects. Project Manager needs a comprehensive toolkit as plumber works with a bag of tools. Project Manager works with a computer producing organization charts, work breakdown structures (WBS), OBS, bar charts and cash-flow statements.

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

What is a Project?
PMBOK definies A project is a temporary endeavour undertaken to create a unique product, service or result. A coordinated effort, using a combination of human, technical, administrative, and financial resources, in order to achieve a specific goal within a fixed time period. Project is a one-shot, time limited, goal oriented, major undertaking requiring commitment of varied skills and resources, a combination of human and non-human resources pooled together in a temporary organisation to achieve a specific purpose.
Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

WHAT IS PROJECT MANAGEMENT?

PMBOK defines as - The application of knowledge, skills, tools and techniques to project activities to meet project requirements. It is accomplished through the application and integration of the project management processes of initiating, planning, executing, monitoring and controlling and closing. Project management is the process of achieving project objectives through traditional organisation structure and over the specialities of the individuals concerned. Project management is applicable for any unique, one-time or one-of-a-kind undertaking concerned with specific end objectives
Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

DEFINITION PROJECT MANAGEMENT

Project management is the application of skills, knowledge, tools and techniques to meet the needs and expectations of stakeholders for a project Project management is the application of a collection of tools and techniques to direct the use of diverse resources towards the accomplishment of a unique, complex, one-time task, within time, cost and quality constraints. Each task requires a mix of these tools and techniques structured to fit the task environment and life cycle (from conception to completion) of the task
Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

FEATURES
Temporary Unique Progressive elaboration Specific objective Definite start and end Consumes time and resources Specific time, cost and performance requirements
Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

Project Vs Operations
Projects
Unique Temporary Aim is to achieve the objectives of the project and then to close the project

Operations
Ongoing Repetitive Objective of operation is to

sustain the business Present Orientation

Maintenance of existing things

Future orientation
Creation of new things

Triple constraints of projects

SCOPE

QUALITY

TIME

COST

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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Project Management-Knowledge Areas

Project Management Body of Knowledge (PMBOK) defined Nine Knowledge areas: 1. Scope 2. Time Deliverable objectives of the project 3. Cost 4. Quality 5. Integration 6. Human Resources 7. Communication Means of achieving the deliverable objectives of the project 8. Risk 9. Procurement & Contract

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Project Environment Model

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Project Management Associations

To encourage the development of project management as a profession, number of project management associations and institutions have formed chapters around the world.
Body of knowledge (BOK) Certification of project managers (PMP) Unit standards Ethics Global forum
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Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

Project Management Body of Knowledge (PMBOK)

Over the past fifty years a considerable body of knowledge has built up around project management tools, skills and techniques. This database information has been developed into the following: The APMs bok Association of Project Managers (UK) The PMIs PMBOK Project Management Institute (USA) The IPMAs BOK International Association of Project Managers The AIPMs Competency standards for Project Management (Australia) ISO 1006 Guidelines to Quality in Project management to evaluate the effectiveness of the project management system.
Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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Benefits of Project Management

Listed below are some of the benefits associated with fully integrated project planning and control systems:
Client - Clients prefer to deal with one single person- the project manager- who is accountable. Single point of responsibility Estimating CPM Fast track Project Integration Reporting Interfaces Response time and many..
Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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Project Managers Role

As the single point of responsibility, it is the project manager who integrates & co-ordinates all the contributions, and guides them to successfully complete the project. The following are the desirable attributes by the Project manager:
Ability to select and develop an operational team from a standing start. Ability to anticipate problems, solve problems and make decisions. Ability to integrate the project stakeholders. Ability to administer the contract, the scope of work and scope of changes. Ability to keep the client happy and many..
Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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KNOWLEDGE AND SKILLS REQUIRED

Project management body of knowledge (PMBOK) Application area knowledge, standards and regulations. Understanding the project environment General management knowledge and skills Interpersonal skills.

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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CAUSES OF PROJECT FAILURE

Scope creep Poor information gathering Unrealistic planning and scheduling Lack of resources Lack of proper sponsorship

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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PROJECT HEIRARCHY

PLAN PROGRAMME PROJECT WORK PACKAGE

ACTIVITY

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PROJECT LIFE CYCLE

PROJECT PHASE: A collection of logically related project activities usually culminating in the completion of a major deliverable DELIVERABLE: Any measurable, tangible, verifiable outcome, result or item that must be produced to complete a project or part of a project.

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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PROJECT LIFE CYCLE

1 Project Initiation Post Implementation Review Project Definition

4 Project Closeout

Project Communication

2 Project Planning

Monitoring and Control

Detailed Planning

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

3 Project Execution 22

PROJECT LIFE CYCLE

Initiation

Planning

Execution and Controlling

Closeout

Resources

Time
Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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PROJECT INITIATION
State the problem. Establish overall goals. Define objectives. Identify success criteria. List assumptions, risks and obstacles Produce a project definition statement

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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PROJECT INITIATION

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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PLANNING PHASE
Identify project activities. Estimate activity duration. Develop a schedule. Determine resource requirements. Assign tasks and responsibilities. Draw a project network/Gantt chart

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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PLANNING PHASE

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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EXECUTION, MONITORING AND CONTROL

Organising the project team. Developing a work breakdown structure. Scheduling and documenting work. Levelling resources. Establishing management control and information systems so that actual progress can be measured vis--vis planned progress. Initiating corrective measures to reduce variations

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PROJECT EXCEUTION

29

PROJECT LIFE CYCLE

Concept and Proposal Development

Implementation

Verification Termination

INITIAL
Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

INTERMEDIATE

FINAL
30

PROJECT CLOSEOUT
Produce project deliverables. Obtain customer acceptance. Complete project documentation. Issue project final report.

Dr.CH.VENKATAIAH Associate Professor PROJECT MANAGEMENT

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PROJECT CLOSEOUT

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Any Queries???

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